Page 5 - Furlough Program News Today

Commission has decided to order ourselves alphabetically. With that welcome to this virtual hearing convened by the Congressional Oversight Commission pursuant to section 4020 of title 4, subtitle of the cares act, the Commission Must conduct oversight of the 500 billion authorized for the Exchange Stabilization fund. As part of our oversight work, the commission has decided to hold this hearing today which will exam examine the main Street Lending facilities. The Federal Reserve established the...

Pandemic. Some of the pandemic statistics. N case dynamics jonathan this has been remarkable in the case of talks down ndc totally stolen down in d. C. Totally stalling. Lisa totally agree. Going forward today, we get a read on the economy in the United States. 8 30 a. M. , Producer Price index data. Very interesting to see the divergence between Inflation Expectations among futures traders versus the absolute bond yields, which keep falling. Secretary mike pompeo speaking at an event in the cze...

Coronavirus cases and political tensions. The Trump Administration rejects beijings claims in the South China Sea, accusing it of bullying. The u. K. Is set to ban huawei from its 5g mobile network. The plan would mean British Companies need to remove huawei infrastructure by 2027. Welcome to the program, everybody. Lets check out the futures. Lots of moving parts in terms of the market action. Lots of geopolitics to talk about as well. We have futures pointing to the downside in europe. We have...

Slums, as concerns grow about washington may punish Hong Kongbased banks. The u. K. Chancellor unveils the governments plan to pull the economy out of its deepest slump in centuries. Boris johnson says the u. K. Is ready to leave the e. U. Without a trade deal. Manus the line from the vice chair, clarida is that there is more we can do, more Forward Guidance. Nehra. Orning, nejra good morning. If we look at markets, we were seeing some gains in asia, we china. E to see them in we saw some green ...

Line. President trumps top advisors want to destabilize the peg in retaliation for chinas tightening grip on the city. Hsbc slumps after bloomberg learns it was singled out in the report. Continental drift. Futures point to a second day of losses in europe. The fed Officials Say their scope for more action and economic recovering, if it stalls in the u. S. , where virus cases approach 3 million. Soon ask spending plan. The u. K. Chancellor set to unveil his measures to reinvigorate the economy. ...

Jes staley coming up from barclays, he has got the mess in hong kong. Kevin cirilli will be with us from washington on the trump response to the news out of hong kong. Right now, in your united kingdom, it is a new deal in dudley. Francine it is a new deal. We are expecting the Prime Minister to deliver on his speech that was quite popular in his pReelection Campaign, bringing britain back. We are expecting him to do a lot for infrastructure, give money to schools that under previous tory govern...

Course in america we go into the jobs report next thursday because of independence day, a week from today. Is viruserica, it front and center. I would agree with you, europe is a different tapestry this morning. Francine it certainly is. Watch out for germany because it seems the overall number of infections rose, but there are pockets where it is researching. Lets get to first word news in new york city with ritika gupta. Ritika good morning. The u. S. Has not seen a day like this since the cor...

Are back down. Yuan a little stronger. Lets get a deeper dive into the Market Action of the day with kailey leinz. Kailey we are in the green by 1 on the major averages. For is the fourth up day the s p this week. Up 4. 6 over the course of the week, the best week for the index in a month. That is in the face of escalating virus cases climbing across the u. S. Those headlines not putting a day per on appetite. One reason why is that the Economic Data is starting to look better. We saw that refle...

Concerned about the move. Airbus against the biggest restructuring in its history. It will cut 15,000 jobs with the majority impacting the main bases of germany and france. 6 00 a. M. A manus in london, 7 00 a. M. In paris, and 9 00 a. M. In dubai. It is the three fs for friday, the fed, the fact she warning, and i thought i would throw in fedex because it is a nice triptych. I want to focus on the fed. Spirit toimbue a new the yield curve control narrative . Open interest in the bond market is ...

Up to the top of lafayette park, but really it is a nation that awaits the next step from the president. He was out tweeting in the vicinity of 12 00 midnight on general powell. We will talk about that today. It was an eventful weekend and it continues right into this monday. Francine thank you, tom. We will have more on that and now we will get straight to first word news in new york city with ritika gupta. Ritika the u. S. City hit the hardest by coronavirus starts to reopen today. New york ci...