What was earlier in the day in the labor market data. 5. 5 million is well above where we were pretty covid. Continuing claims still elevated above where they were a year ago , putting a dampener on the recent equity rallies we have been seeing in the dollar, part of a broader move across anancial markets to price in brighter economic prospect for 2021. Fromased interest republicans, raising a chance for a deal by the end of the year. Underneath it all, is the job weket losing steam and can wait for stimulus once again . Joe we will learn more about the job market tomorrow and talk about it more later in the show, but in the meantime maybe, maybe. The stimulus is going to happen. There seems to be some convergence among a handful of players around the deal, somewhere in the range of 900 billion, gop senators picking it up. Whats unclear is whether mcconnell was into it, the white house was into it. The Lindsey Graham thing today, he thought the white house would get there but that is a
Not having a permit. 6100 . I dont know what i will do. That said he didnt need a permit because it was not a real race. He packets to participants with instructions to run virtually. But he also gave out packets by reservation on race day for those wanting to do the course. Everybody Wearing Masks and we never had more than five people picking a pack at one time. People were spread out over five hours. To me, this is a minor thing. No festival crowds like past years but through the day 82 people ran on three different routes. We had medications with this individual verbally and in writing. They took these pictures on race day. A registration area, banners along the route between harrisburg and lake sonoma and runners mixed with traffic because without a permit there are no closures or chp. People were running without any control, sometimes to her breast. Gathering admittedly bigger than Sonoma County allows. Most of the county has been really understanding. Almost all of the Race Comm
Will accept junk, recent fallen angels as collateral. Time now for todays market moving news from brussels in new york. We want to begin in europe, where the pandemic drove the economy to a record slump in april. Pmi Area Services completely decimated, falling to 11. 7. Manufacturing also dropped to 33. 6. Bloombergs maria tadeo joins me from brussels. Maria what you are seeing is that the Coronavirus Crisis is going to do a lot of damage to the european economy. [indiscernible] brussels tell us they do anticipate a contraction for the entire euro area. This is potentially huge. Youre seeing again the European Central bank stepping in to try to shield some of those markets, in particular in countries like. Taly ,he other side of the equation what exactly are european leaders going to do to help the ecb, to put more money on the table and also protect their own economies . There has been a lot of backandforth. Perhaps a 2 trillion euro package. But all of this is still very much in the
Budget. This is bloomberg surveillance. I am Francine Lacqua. A lot of focus is on earnings, and a lot of focus on the banks. The Credit Suisse story, i am delighted to speak to the chief executive shortly. That will give us good indication of what the clients are doing. This is what the market is doing. A lot of focus on earnings, a lot of focus on the pmi figures. Lets get the board up to get a sense of what the market is doing. April services pmi falling to it was 22. 8, now it is worse than expected. Manufacturing lowerthanexpected, but in mind. The forecast was 38. That has fallen off a cliff. The dollar is the one you do not want to get wrong in the next couple of months. Stocks are fluctuating, oil advancing, and the dollar holding three days of gains. Plentyures, we will have more on earnings. Lets go to new york city for the first word news. We begin with Economic Activity in france and germany shrinking this month more than expected. French composite pmi dropping at a record
Feet in the water at the beach, just keep 6 feet away from others. We have been talking about it all day long. People across the state told to stay home, but what about the folks who dont have a home to go to . More on what is happening to those still in the streets. Wilson . Reporter to my left is south of market and to my right is tenderloin, they have been at the middle of a collision of challenges for San Francisco for many years, we have been showing you these problems for many years, they on top of that the coronavirus threat, what do these neighborhoods look like . How are the most vulnerable citizens in the city faring, have a look. When i come in the morning, i usually see people camped out here. And here. And a big old thing there. Nobody here . No. They mustve been put in shelters or somewhere. The sidewalks are carrying fewer people but certainly not empty. You see a few stragglers, but as far as the crowd, it is all different right now. What has changed is people are stick