Francine we will have plenty more on that throughout the day. Lets get to first word news with ritika gupta. Ritika no murder charges in the Fatal Shooting of breonna taylor. A kentucky grand jury chose not to file the indictments against any of the Police Officers involved. A single officer was charged with wanton endangerment for firing into neighboring apartments. The decision has sparked outrage and renewed violence. At least two Police Officers have been shot. President trump says the Supreme Court will likely have to decide the outcome of the november election. Hes arguing he needs to confirm a new justice to replace ruth bader ginsburg. Hes casting doubt on the validity of the election, reiterating his criticism of mailin voting. Idea of challenging the virus is gaining. The study speeding up research but raises ethical questions about exposing people to a potentially fatal virus. Global news 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalist
Report the two hotel groups could be creating a tie up the dax reshuffles members to remove the Payment Company. We are going to speak to the ceo and cofounder at 10 45 cet Kamala Harris accepts the nomination of Vice President telling the Democratic National convention that the incompetence of the Trump Administration has left people afraid lets fight withconviction. Lets fight with hope. Lets fight with confidence in ourselves and a commitment to each other to the america we know is possible welcome back as we come back, let me tell you the Norwegian Central Bank has come to a unanimous decision should we move on . They decided to keep policy rates unchanged. The hold onraits doesnt give too much direction at this point. There was speculation as to the commentary we might get to the Norwegian Central Bank around the decision and continue to say the prospects for low wage growth continue to put pressure. It is unlikely well see more moderation and inflationary pressures later out here
Shortly. What do you observe this morning, nejra . Nejra im observing headlines coming through right now from andrew bailey, in the core with journalists he is having right now, that it is clearly a commitment to take action, saying the qe program is highly aggressive and appropriately is so. Also saying there is no evidence the boe is targeting any part of the yield curve, but what is really interesting is we did see a little bit of differing views in terms of the decision today. There were policymakers that wanted to extend qe today, but the reaction to the fact we have had no change in policy today is coming. Analysts say we will get more qe in june or august or both, and the pound catching a bid off the back of the boe forecasting the vshaped recovery. That is what i find staggering. A 15 rebound in 2021. Tom i think you are dead on in that, nejra. There is no question what six out within all the excel spreadsheets and the heroic language at this moment, really with depressionera e
Lagarde,at, christine madame gore gave a of the International Monetary fund, and your conversation with Andrew Bailey. Francine if you distill what we are trying to do, there are three main questions what kind of recovery and recession will be get, the inflationary versus deflationary debate, and the economic scarring. We will try to do that with the bank of england and the imf, touching on what countries may need support in the future. Christine lagarde also extremely interesting because it will be the first time we hear from her since the German Court Decision so we will hear from her about the legality or not about what they did. Tom the complexities of this German Court Decision, George Saravelos out with a blistering note, wondering even if the ecb will respond to the german court. We respond to our first word news. U. S. And china trade negotiators will speak as soon as next week to try to make progress in implementing a phase one deal, President Trump threatening to terminate th
Italy overtakes china as the country with the most coronavirus deaths in the world. Gains in france and spain. Removing the red tape in america. President trump says he is working to speed up approval for treatments as teva rushes to bring a malaria drug to patients. California orders its residents to stay home. Rush hour refuses to submit to saudi arabias Oil Production plan. The kremlin sees riyadhs move as blackmail. Is there more turmoil ahead . Just under an hour away from the start of cash equity trading across europe and in the u. K. Lets take a look at futures. We are seeing some decent gains in european futures, Even Stronger than what we see in the u. S. You can see euro stoxx 50 futures up 50 , as of the futures for dax. Take a look at u. S. Futures. More than 2 gains with nasdaq futures up 3 . If you take a look at the big drops during the recent crisis, the nasdaq has fared far better than the s p and the dow jones. Today looks like it will do better in terms of gains as w