They call the process excruciating. Good morning, everyone. Happy friday. We have made it to friday. It has been quite a week. Welcome to bloomberg surveillance. I am Francine Lacqua here in london. The markets are focused on brexit, oil because of opec, and focus on u. S. Stimulus in the u. S. Stocks are holding gains, key data of course out of the u. S. , it is the u. S. Labor market. It is going to give us an indication of whether the economy needs support or not, and Oil Extending Gains after ninemonth high after this opecplus deal. I am looking at the dollar, treasuries pretty much nudging higher. A lot ofve a prett volatility because of brexit do we have a deal, do we not have a deal, have they walked out . It has been pretty unclear so far, talking about lastminute ships come up the british saying it is because of eu demands at the last moment, but it seems like it could be up in the air. Now lets get to the bloomberg first word news. Here is leighann gerrans. Hi, leighann. Leig
Vaccines. Virus deaths hit a record in the u. S. And in italy. And finding a compromise, opec agrees to slowly add more oil year after days of tense talks. Saudi arabias Energy Minister called the process of excruciating. Welcome to the program, everybody. Welcome to the European Market open. It has just gone 7 00 here in london. German factory orders rising 2. 9 month on month. The estimate was for an increase of 1. 5 . That was better than anticipated. Factory orders arising year on year, 1. 8 . The estimate was 0. 2. We have seen a continuation of growth coming through. We will see what momentum is like in the further winter months. Another story out of germany, potentially more interesting, perhaps. Germany has agreed to extend a to preventr bankruptcies as the economy is hit by the second wave of the pandemic. Germany is extending its 37 billiondollar backstop for Credit Insurance by another six months in the month of june. The industry will surrender 60 of remittance to the gover
The day or thinks we dare to ask nothing really settled. Some of trumps enemies want the president and his supporters to be a price for the past 4 years. And in rumors of war, as trump tries to bring troops home, some say, instead of the start of war, its been decades since the full of spains fascist regime. But old wounds still havent healed the sort of the past, its a system you know, to the interest of newborn babies were torn from their mothers and given away and forced adoption to this day, mothers still search for grown children for their parents. This is the one business show you cant afford to miss. Im going to bore in washington coming up more good news has emerged in the fight against covert 19 at the oxford astra. Zeneca vaccine has shown promise have we can bring you up to speed plus as market top of the optimism for a covert vaccine. The treasury has halted extensions for emergency relief programs. When to break that down, what that could mean for a swift economic recovery
Always known that we cant sleep multiple that scenes for the world because no one develops and i will manufacture is going to be able to be easy enough to cover everywhere. And so having multiple back scenes and basically with different Manufacturing Technologies and technologies that can be manufacturers globally and distribute it lately. Thats really important. Sometimes to court thing to the competition. But if you are the capacity, the highs are the nonce plus the name, or there are an answer capacity because our capacity, which is much bigger, the 3 of us dont even have enough thanks in part of directions for the world. So youre not, were going to have to worry hard to produce your own mole and then renewed more expense. So theres no competition really. We need as many as we can. So we work, you know, so efficient number of people who are well, so we stop this and him. And meanwhile, German Health minister jaenisch barn on monday said with multiple vaccine carriers showing good re
You know, were going to have to worry how to run. Most of them renewed more expensive, so theres no competition really we need as many us recounts, are we going to need so efficient number of people. So we stop this and him and meanwhile, German Health minister yenta spot on monday said with multiple vaccine carriers showing good results. The country could start covert vaccination before the end of the year. There is good reason to believe that we can begin vaccinating you at the beginning of next year at the latest, perhaps even already at the end of this year. And because of those miners overall from my point of view, the Important Message during these difficult times is that there is a way out and were on a good way out. And here in the us, the chief scientific officer of the white house is operation warp speed program, shared similar sentiment telling c. N. N. The 1st indications could happen by mid december after pfizer in bio in tech specs in cant, it receives emergency approval.