Surveillance. I am Francine Lacqua here in london. This is what the markets are doing, focused on the lack of stimulus coming from the u. S. They are also focused on the earnings. I see a bit of zigzagging. The other thing i am watching for is the pound. A lot going on, you know, in the next 12 hours, when Boris Johnson needs to decide whether to abandon talks with it eu, giving the clear signal of what he wants in order to remain at the table. We have a pack show today. Talk top at 9 30, we the irish finance minister that wedonohoe, and speak with ignazio visco, the Banca Ditalia governor. Now lets get to the bloomberg first word news in london with leighann gerrans. Hi, leighann. Leighann good morning, francine. The boeing 787 has been deemed safe to fly. The news comes besides a software upgrade, not being done it for up to two years. The max was founded in 2019 grounded in 2019 after two fatal crashes. President trump and joe biden held separate town halls last night, 1000 miles ap
With the pandemic, so different in america. Francine im sorry, tom, you cannot forget about brexit. Almost there, and certainly by next monday, london will have moved to tier two, which is where you can still meet people outside but you cannot let people come into your home. We should have a better idea of what london will become over the next couple weeks. Is similar moved by the french president , emmanuel macron, announcing that eight cities will go in lockdown. That is hurting a lot of the stocks. Go, there are eight ways to and just because there is compressed time, are the chancellor of the exchequer and the Prime Minister on the same page . Francine they are on the same page, but we heard from the london mayor, who is from the labor party, and the opposition leader, asking for a national lockdown. We call it the circuit breaker. The idea is for two weeks we go back in lockdown so that the cases go down. This is not what the Prime Minister wants to do, but we also know that the l
Germany. Where exactly. Is fun money lost cars culture history. Travel extremely worth of it. There is no cash for a comeback Chinese Consumers fail to shake off where no survivors are coronavirus and its not only julys disappointing retail sales that have asked for is worried about the nations economic recovery also from. Well tell you why force gold is struggling to cope with a wave of waste. Im chris cuomo welcome to the program richard figures in china for the 7 months in a row as the pandemic continues to us. Consumer spending in the country where the crisis began purchases of goods and services for 1 point one percent year on year in july that is worse worse than expected however the countries in those who are put jumped by nearly 5 percent compared with last year the government has put its stimulus money into the sector to get it moving again. For more lets bring in Katherine Young of Fidelity International hong kong and our financial correspondent on a device by her in frankfur
Them safe as coronavirus numbers drugs. The one welcome to the Program Reach a figures in china fell for the 7th month in a row as the pandemic continues to affect Consumer Spending in the country where the crisis began purchases of goods and services fell more than one percent year on year in july thats worse than expected however the countrys industrial output jumped on you to 5 percent compared with last year the government has stimulus money into this sector to get it moving again. For more lets bring in Katherine Young of Fidelity International hong kong and our financial correspondent. In frankfurt bunkum to both of you catherine let me start with you Chinese Consumers still cautious whats behind that. Interestingly when we do look at the demand side of the chinese consumption story there are pockets which are in fact doing quite well so for example the also 6 especially the Premium Brands like b. M. W. Lexus seeing increased incidentals but as you rightly pointed out its not acr
Good morning, everyone. This is bloomberg surveillance. Im Francine Lacqua in london. Lets look at the markets. The markets focusing on data out of france. Verye expecting pmis shortly but also focusing on the china deal after there was confusion on whether the deal with China Remains intact or not. First to the data that is just coming out. There was a bit of a surprise when it came to the french pmi above 50. Anything above 50 in this environment, remember, anything above 50 means expansion. Anything above 50 in this environment is really taken as encouraging news. Euro area june manufacturing pmi coming in at 46. 9, betterthanexpected. Services pmi much betterthanexpected. The figure we were expecting was 41 and it came at 47. The other things i am watching and thehis renminbi european stocks gaining 1. 3 . Lets get straight to the bloomberg first word news. Heres dani burger. U. S. Vice president mike pence is warning of more young people testing positive for coronavirus. He made t