There would be governments to the rescue of fiscal underpinning to what is trying to be a recovery. You mentioned the important Goldman Sachs story, but clearly the markets are lifting here with a belief that governments will once more step in. Francine and there was a pretty incredible rally with shanghai stocks up 5 . Lets get to first word news in new york city with three. With ritika gupta. Ritika a coronavirus record. The seven day average of new cases reached another new high yesterday, and over the weekend florida and texas established daily records. The county the top county official in the houston area once more restrictions to contain the spread of the disease. The State Government has blocked her from doing more. Indiana has the thirdlargest number of coronavirus cases in has third india the Third Largest number of coronavirus cases in the world, surpassing russia. Theite implementing one of most expensive lucked out at the end of march. President trump sounds as though he i
Hold a Shareholder Meeting later this week. The British Government considering a contribute the hardest hit part of the economy. This as Boris Johnson prepares to unveil the next phase of easing it may include the social distancing rule. Good morning and welcome to the program. This is the latest as we have shares plunging. They were down more into the start of the session 1. 9 billion euros missing from its accounts may not have existed in the first place the company says that there is a likelihood that the cash that amounts to around a quarter of the Group Balance sheet was never there after the hunt for the missing amount hit a dead end in the philippines over the weekend. It is the preliminary year 2019 and First Quarter 2020 results and forecasts due to the schedule the german finance minister said the supervising institutions have been hard on the card he stepped down on friday. Reaching the philippines and the central bank there says that effectively they are denying that there
Drug that meant people werent dying of this. In the study, only two people died no placebo up against the remdesivir they were using these are early results but promising signs of hope. The dow futures indicated up by about 700 points if we continue like this, that would put the dow in positive t territory. S p indicated up about 75 points and the nasdaq indicated up by about 177. Lets look at the treasury market yesterday, those yields for the 10year were under a little pressure they had come back down even more we were talking about under 0. 7 looking now at the 10year treasury, you will see on this friday, last trading day of the week, the 10year is yielding 0. 64 . Looking at oil and the shut down of Oil Production and cuts of the number of barrels being produced a day around the globe, you did see prices come back down it is not enough to keep up with the dropping demand. Watching that too. This morning, wti is down to 18. 61 a barrel well be talking markets, potential medical bre
With the top stories from europe including germany reveals plans to take in child refugees as the talks with turkeys president over the border crisis with greece. From the country to be canceled until april to slow the spread of coronavirus footballs governing body fee for the sides to postpone asian qualifying for the 2022 world cup. Welcome to the new spread fear of coronaviruses starting to have a major Global Economic impact on top of the growing human cost us stocks plummeted in the opening minutes in new york even forcing a temporary halt in trading president. Is due to meet with his economic advisors in the coming hours that stock market plunge was also influenced by all prices dropping around 30 percent on monday the biggest fall in almost 3 decades and thats amid a price war between saudi arabia and russia moscow refused to join the plan by major Oil Producing nations aimed at cutting output and maintaining prices stock markets across asia have continued to fall continuing the
Confidence today, will add to the debate. Nejra welcome to bloomberg daybreak europe. The market moves we have seen overnight in asia have certainly faded on that brief optimism in terms of the u. S. And China Holding a phone call that we hear went well. They are continuing to talk about phase i. Msci asia pacific index still integrate. Hong kong underperforming still in the green. Hong kong underperforming. Gold unchanged. We saw all three u. S. Benchmarks hit record highs in yesterdays sessions, s p 500 index, dow jones, and nasdaq. Futures not giving us a lot of direction. The 10year gilts continues to edge up 10 year yields continue to edge up. The yen hit a two week low but dollaryen steady now. Onto the top story. The u. S. And china have agreed to stay in touch to resolve remaining issues to get a deal. Incomes after a phone call early this morning during which the vice premier, robert lighthizer, and treasury secretary Steven Mnuchin discussed core concerns. Meanwhile, Goldman