Fed set 2022 and what the chairman will say and what i assume will be a Virtual Press conference today. Ofncine we will have plenty market action. We will look at the markets every 15 minutes, including what is happening in treasuries. We had the oecd coming out with their economic outlook. That was released about an hour ago, and the oecd, it is a smarter way of doing it, tom. Forecasting the pandemic would cause a Global Economic slump of 6 here, but if there is a second wave, that becomes a seven point 6 slump. It is a good way of visualizing percent comes a 7. 6 slump. By thewas taken aback differentials between the bar charts of europe and the United States. I did not have in my head how much worse the guesstimate is for gdp decline in the europe verses in the u. S. It is a very good report. Francine it is also because of where europe was in the economic cycle. Lets get straight to first word news in new york city with ritika gupta. Ritika good morning. A warning from jeffrey gund
Discussing enough what the Standard Chartered bank and hsbc is doing where they are saying they are going to agree to whatever with new security rules of hong kong. How big a deal of this in your london . Francine well, it was quite a big deal when they announced it. I think you and i spoke to stephen engle. He reminded us, it goes to show may be the influence that beijing has on some of these companies if they want to have licenses in mainland china. This is actually quite difficult to dig into the deep root of it. Now, we understand that there is a backlash from investors. Just yesterday, we had o aviva, one of the biggest investors in a lot of these banks, saying it is decisionable with the of hsbc and Standard Chartered, it is uncomfortable about the banks decisions. Tom absolutely fascinating what we see their. We have got lots of coverage through this hour and on through bloomberg surveillance. Theill be joined from school of chicago, the former leader of the central bank of indi
Tragedy, and germany leading on trying some way to get back to normal. Francine germany is a good test, but if you look at the number of lockdowns and when it happened, various countries also have very different patterns. They are similar in some ways but depending on when you started the lockdown you will have a Different Number of infected. I have been looking at mathematic modeling and out of europe, the u. K. Comes up with the moats most deaths. We look to germany to see if there is a solution. Some setbacks, singapore having a tough go of it. The United States, you looked at , andectors of the pandemic massachusetts and california having a tough number of days. Right now, we need a news briefing. Viviana the u. S. House could vote on the pandemic measure as early as tomorrow. The Senate Passing a 484 billion release relief package, including money for the tapped out program to aid Small Businesses and aid for hospitals. Immigration and president donald trump, he announced he would
In the early part of the session, not just the yield curve that dom mentioned but suspensions of dividends from very large european banks this morning as well. And you have the great interview with michael as well talking about that bank and everything hes seeing through that lens, too the other thing in focus, real estate, worst performing sector in the s p today in what is a down day across the board for the major averages coming off the worst First Quarter for the dow and s p ever the other thing im looking at is crude were seeing crude prices come off again after not only the worst month but the worst quarter ever in terms of price fall for crude, lost more than 66 if in the first three months of the year prp you also had the industrial numbers, manufacturing numbers out of europe that didnt look good either john, what are you watching today . Its hard to find good news among tech stocks this morning so much is down. I think its worth having a broader conversation about where we go
Pandemic. Later, National Indian Health Board Chair on the affecting native American Communities. Morning, its thursday, april 9, 2020. Against the backdrop of another deadly day, turmoil across the country, political leaders in washington are headed for a showdown over hundreds of liens of dollars in new aid for Small Businesses. With the senate set to move forward with funding today we begin our program by hearing from Small Business owners and their employees. Let us know how your Small Business has been impacted by coronavirus. Small Business Owners, 202 7488000 is your number. Small business employees, 202 7488001. You can send us a text this morning, that number is 202 7488003. If you do, please include your name and where you are from. Otherwise, catch up with us on social media, twitter or facebook. Good thursday morning to you, we are hearing from the 60 million americans that work at Small Businesses in this country and the more than 30 some businesses around the country. You