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The transition process starting to kick in. Tom not only the good news, but just as much as there was no bad news today, and that gives a lift to equities and other adjustments in the market. Jeffrey currie will join us from Goldman Sachs, which is wonderful. Futures up 27 and we will talk about the data in a moment, but yes, chair yellen front and center in this historic moment for our politics. Francine lets get to bloomberg first word news in new york city with ritika gupta. Ritika President Trump is finally calling on his agency to cooperate in the formal transition process with joe biden. That follows weeks of inaction. The General ServicesAdministration Made its official made it official with its acknowledgment that biden was the winner of the election ....
Policy. Lets get to the bloomberg first word news. Morning. Steven mnuchin says the economy urgently needs more stimulus to rebound from the coronavirus. He says he initiated talks with nancy pelosi try to negotiate. Going again. Ations republicans have been putting together a narrow relief package. He says he wants a much larger deal. President trump has condemned what he calls antipolice rhetoric while meeting with police in kenosha, wisconsin. He toward damage caused by demonstrations after a man was shot in the back during an attempted arrest. Two demonstrators in kenosha were killed in the protests. A warning from the pentagon. China is closer to joining the u. S. And russia as the only nations capable of deploying Nuclear Weapons on land, in the air, and at sea. China has been upgrading its strategic bombers to carry a nuclear payload. Has announced his has enoughto suga votes to win. Global news, 24 hours a day onair and o ....
Process is dominance of government the parliamentary process is dominant of government, completely opposite of what we see in the United States, but it is really all the same thing, governments coming to the rescue of economies that are simply shattered. Francine yeah, and we dont know if there is a second wave or a specific lockdown coming our way as well. Lets get to first word news in new york city with ritika gupta. Ritika good morning, francine, tom. The u. S. Is pending planning a one a Virus Testing resurgence. Testings are being sites are being set up in louisiana and florida. They could provide a clearer picture of how the coronavirus is moving through the population. Officials are weighing how far to go in reopening the economy or rolling back steps already taken. In brazil, president bolsonaro is defending his approach to the coronavirus despite the fact it has kille ....
Our focus of america on Christine Lagarde yesterday, really stepping up and really confirming the independence of the European Central bank. Francine i think you are right. The markets are focusing on more focusing more on what is happening in in europe with the ecb turning more than markets expected at this economic response with extra stimulus from germany and austria today. 750es optimism this policy from europe they are focusing more on this stimulus and social unrest we saw in the u. S. The other thing i would point to is the fact that u. S. china trade relations, theres a lot going on with china stepping up 33 of then against chinese company. Companies. Rick hsbc tom hsbc and charter extending into the weekend. Here is first word news in new york. Todays jobs report is expected to show the u. S. Unemployment rate surged almost 20 last month, after reaching the high ....
Professionals, carers, Public Health officials, and volunteers across the country, and the exceptional efforts of the sco abroad. U. K. Citizens the bank of englands role is to help households manage through an economic shock that could prove large and sharp, but temporary. That is why the bank is announcing a comprehensive timely package of measures to help u. K. Households and measures bridge across the economic disruption caused by covid19. These measures will keep firms in business and people in jobs, and they will prevent a temporary disruption from causing longer lasting economic harm. Maximizing our response requires ordination across all of the banks coordinating committees. That is why all policy committees are simultaneously theng today, maximizing effectiveness of our response requires working in concert with treasury. Ys that is why we are acting on budget day, when the chancellor will announce a series of government in ....