Decidedly range bound. I guess phase one is back on, but i have zero confidence in that. It is just interesting to see the back and forth, and it is not just the bolton papers. It is the whole backandforth between beijing and washington. It is a friday of confusion. Jonathan it is a friday of confusion. A friday of hope over in europe, as well, as leaders discuss stimulus plans. I think the formal negotiations begin right now. They certainly dont in later today. Lisa no they dont, although we might getting some kind as far as who is pushing back and how close they are to agreeing on this 750 million euro fiscal stimulus plan. That is ongoing right now. The other thing i am watching today, i am looking at the baker hughes u. S. Rig count at 1 p. M. After will prices have risen 11 so far this week in new york. It will be interesting to see whether rigs are coming back online. And today we hear from jay powell, eric rosengren, loretta mester, and randy quarles, who is going to be talking
Much quieter protests around new york and across the nation. Subsumed by the absolute bombshell reporting and essay last night by general mattis in the atlantic that truly stopped america. And i think the broader question is whether this will have repercussions for President Trump and his base or certainly with republicans, whether the president has crossed the line and what this means for the military. We talk about martial law and the next steps. Tom many other things going on as well. We are really focused on what could be an original ecb meeting at 8 30 new york time and Christine Lagardes Important Press conference and q monday and q a. Right now with our news in new york city. Formerident trumps defense secretary jim mattis is condemning his former boss in a scathing letter. Saying the president misuses the military. He says they must reject those who make a mockery of the constitution. President trump responding on twitter, saying he did not like his leadership style or much els
Out what that election will be. It is tuesday, and with economics we look to the jobs report on friday. It is supposed to be an especially grim report, modeled out on an unemployment report of 17 , 18 . Last night was extraordinary in new york, and i would say within the curfew that we are in as we speak, there is a silence in the streets. There are no sirens heard. Francine we will have plenty more on the curfew and also with what President Trump said. Lets get to first word news in london with leighann gerrans. President trump is threatening to use the u. S. Military to crush unrest. The president has called on governors and mayors to dominate the streets. He is sending thousands of heavily armed military personnel into washington after days of violent protests. After speaking, the president walked across the street from the white house to st. Johns church. There was tear gas in the air and it had been used to clear away protesters. Or violence across the country in new york, looters
This is a new york pandemic which frankly with the great chart the Johns Hopkins is doing and john von murdoch is doing, new york is essentially the mathematics of catalonia. Francine yes, and the mathematics of milan just outside of that. You wonder if we shouldve started preparing for this as far as resources and getting hand sanitizers and much needed medical equipment earlier. There is a pattern and we have charts charting that. Wuhan and in china in then the epicenter was italy and it is slowly moving to other countries that will have to deal with similar fatalities. Tom some doing better, others less so as well. The economic ramifications to be very clear, worldwide in the last 24 hours, the news in economic america is the furloughs to come. We saw that yesterday with a vengeance from retail. Right now, with our first word news, here is viviana hurtado. Viviana the mathematics of the human toll in spain. Yet. D its deadliest day fatalities,ing 849 bringing the death toll almost 8
In the last 24 hours, combining virus dynamics with oil dynamics. That is a distinction of this crisis. Francine and i am looking two to european lets get to first word news in new york city with viviana hurtado. Viviana we begin with a uturn from President Trump on the need for an economic stimulus he now says he will seek a payroll tax cut and belief are Industries Hit i the new coronavirus. Today the president is promising to unveil what he calls very dramatic action to support the economy. Bloomberg has learned for now the package will not include help for airlines and others in the travel industry. Now to italy it will become the first country in the world to attempt a nationwide lockdown. It is trying to stop the spread of coronavirus in europe. Almost 500 people in italy have died from it. A prime ministry imposing a travel ban. He has told italians, stayathome. Some of the worlds biggest banks predicting the European Central bank will cut Interest Rates thursday. J. P. Morgan a