i'm yousef gamal el-din. we've got a situation where the are in charge. nothing is able to put a dent in the rally at the moment. what is happening on the s&p 500, futures contracts. we are called higher by about .3%. we have new sanctions from china off the back of that, we saw a little cut back, but overall, a positive picture. it is all about earnings as we look ahead to pepsico later on in the afternoon, the impact of the coronavirus in focus and adjusted etf's fall 23% could be on the cards. the german bund, largely pointged, negative zero 46. an unwinding of some haven demand, italian bonds slipping. shaping up. the dollar, weakening against g10 peers, about 1/5 of 1% and copper is a standout in the commodities space. a bit of a rally on the way in the industrial metals overall, coming roaring out of the blocks. also because we are looking at potential supply risks because covid-19 has laid low mineworkers in chile. its get to the first word news. 's electoral commission says incumbent andrzej duda is set to win the country's presidential vote. the

i am yousef gamal el-din in dubai. t's get you the bloomberg business flash headlines with leigh-ann gerrans. leigh-ann: thank you, yousef. producing anti-bodies to the coronavirus. a number's clearing side effects, some of which were severe. the vaccine will now move to a much larger late stage trial this month to determine whether it will be approved by u.s. regulators. a smi holdinger beat analyst expectations for the quarter that the chip equipment maker says operational capabilities are now largely back to normal, forecast that 2020 will be a growth year. atlantic has finalized a rescue deal that could save thousands of dollars. -- jobs. raising money from space venture virgin galactic. u.s. hedge fund capital management will also provide a loan secured against aircraft and landing the slump. and that is your bloomberg business, yousef? yousef: thank you so much. --let schedule while wa now let's get to huawei. out of thest be u.k. by 2021. the delayed 5g rollout and businesses with billions of pounds in extra cost

i am yousef gamal el-din in dubai. quite a bit of movement in the equity markets as a result of rather economic data than a growing number of coronavirus infections. stoxx 600 up 1.2%. german is spanish stocks outperforming. the vix overnight broke out. that is another important signal for what may come. u.s. treasury yields unchanged. initially drifting lower after some skepticism. .uro-dollar up 0.8% eurozone unemployment data will show if this story around an economic rebound is accelerating . brent crude on an upside, 1.2% higher. we had the saudi cuts, the opec cuts, and the demand growth will never return to the levels pre-covid. let's get to the bloomberg first word news. >> the u.s. house passed the sanctions bill in response to the chinese security law targeting chinese officials cracking down on pro-democracy protesters. the bill needs to be approved by the senate and the president. the number of daily coronavirus cases in the u.s. talked 50,000 for the first time. -- topped 50,000 for the first time. mexico

i'm yousef gamal el-din in dubai.et to first word news with leigh-ann gerrans. leigh-ann: the e.u.'s top court has issued a stinging a key message to transfer data across the atlantic. the decision means facebook and other companies that transfer commercial data across the atlantic risk a turmoil in the day to day activities. in a ruling which cannot be appealed, the court says e.u. citizens' data just isn't safe. coronavirus cases continue to surge in the u.s. with california reporting near record cases and fatalities. the world's biggest retailer is requiring customers to wear face coverings at u.s. stores. costco,joins starbucks, and best buy in the move. raising a coronavirus alert to the highest level with a record daily number of cases set to be reported later today in tokyo. president trump wants and -- escalateant to further the situation with beijing, ruling out at additional sanctions for the time being. calling for sanctions against those who undermined the city's autonomy. --na says the u.k. jobless claims

i'm yousef gamal el-din in dubai. let's get to the bloomberg business flash headlines again. gerrans has that. leigh-ann: china says it will impose sanctions on america's lockheed martin, in response to washington's approval of a possible deal for taiwan to buy parts to refurbish defense built by the company. a spokesman called for cutting ties with taiwan in order to avoid further hurting relations. u.k. has banned huawei from -- phone companies will not be allowed to add new huawei components to the 5g network by the end of the year. all existing equipment supplied by the chinese firm will have to borisoved by 2027, and johnson is expected to set up the plans and parliament they are today. softbank has said to be considering options for a stake designer onhip holdings. chip design company could go public as soon as next year. softbank in 2016. that is your bloomberg business. yousef? yousef: thank you for that. let's get to walmart now. the company has kept its 11,000 stores worldwide open amid the virus pandemic and expects to continue doing so despite our resurgence in ca

in londonie hordern aside yousef gamal el-din in dubai.e dollar continues its decline but bullish cases for the euro are growing, futures on the continent point higher and the cash trade is under an hour away. here are your top headlines. u.s.-china

el-din,t, yousef gamal speaks to the governor, med. do not miss that second exclusive conversation.arren buffett's deal draft and. berkshire hathaway breaks its science with the biggest acquisition in years. more on that, next. this is bloomberg. ♪ nejra: this is "bloomberg daybreak: europe." i am nejra cehic in london with manus in dubai. rocketinguities are today. biggest jump in 16 months. you are seeing a lot of green on the screen across asian equities and u.s. and european futures as well. the 10 year yield moving higher. the dollar retreating along with the yen so a clear sign of risk-on. wti fairly steady. let's get to a big deal. berkshire hathaway has broken its deal drought with its biggest acquisition more than four years. warren buffett is betting on a bright future for u.s. natural gas. joining us to discuss is dani burger. great to have you with us. buffett has stayed pretty quiet during the pandemic, sitting on a big cash pile. what has finally gotten him to pursue a deal? dani: massive cash pile. finally, he is jumping in. what got him to pursue a deal is an energy

i am yousef gamal el-din

in londonie hordern aside yousef gamal el-din in dubai. markets, the dollar continues its decline but bullish cases for the euro are growing, futures on the continent point higher and the cash trade is under an hour away. here are your top headlines. u.s.-china tensions simmering amid consulate closures and arrests over spying allegations. ray dalio warns the capital war could hit the dollar and gold source to a record high. ryanair says its biggest fear is a second wave of the coronavirus as the airline reports a loss for quarterly earnings as the u.k. in forces a 14 day quarantine on travelers from spain. plus, sap plans to spin off its consumer survey unit two years after buying the firm. it also beat free cash flow forecast for the year. we are under an hour away from the start of the cash equity trading in europe and the picture, firmly risk on which might seem a little counterintuitive given we are seeing gold at record highs but this is the state of play. euro stocks futures called 1/5 of a percent higher. travel stocks could be act