And President Trump does not want to talk to president xi. The highestcords number of deaths in a week. And we have the gdp data from germany. Welcome to daybreak europe and welcome to friday after a rocky week in the market. On thee bit of green screen coming through from asia. Yesterday there was a rally on wall street. Initially, u. S. Stocks dropped after jobless claims again but we got a rally. Making a comeback. The gap between tech stocks and banks getting to an extreme level. Utures, a mix for europe, right on the screen yesterday. European futures up 1 ahead of the german gdp data looking to post the worst contraction for germany since 2009. 10 year yield dropping about eight basis points through the week. The dollar heads for a weekly aim speaking to risk off as well and oil heading for a third weekly gain as well. Some science the markets are slowly rebalancing. Kick off the latest development of the coronavirus with the global death toll exceeding 300,000. Cases fueled alar
Job losses. The consensus for the Unemployment Rate is a sharp rise to 16 , the highest since the great depression. U. S. Fatalities from the coronavirus talked 26,000 75,000. The u. K. And france prepare for easing measures next week. A positive u. S. China trade talk call. Christine lagarde says the ecb must go beyond normal tools. Welcome to bloomberg daybreak europe. Lets get the breaking news in terms of earnings. It isng with siemens, cutting its fullyear revenue to moderate drop from a moderate rise. They are saying fullyear revenue they are expecting to see a moderate drop. They were seeing a moderate rise. Second quarter industrial falls. Ses adjusted ebit those are the red headlines. In terms of what we are looking at, they see a stronger Coronavirus Impact in the third quarter. That is interesting for all the people who have been saying earnings would be bottoming in the second quarter. A stronger Coronavirus Impact in the third quarter. They are pulling their fullyear guida
Another retailer looking at bankruptcy it is tuesday, april 21. You are watching Worldwide Exchange here on cnbc good morning, good afternoon, good evening with el come from wherever in the world you may be watching. Im Brian Sullivan welcome. I hope you are having a great tuesday. The stock futures looking like it is continuing off yesterdays decline for the dow futures in the red right now indicated down about 200 points yesterday, a rough day all but two dow names were down. Each falling 6 in the red it has been the action in the Global Oil Market that has really captivated the worlds attention and the Historic Development around crude trading yesterday negative for the first time ever. Thats right the may contract which expires today. At one point, this is not a miss print, trading at negative 40 a barrel the lowest on record not only zero, it is below zero. A lot of you question why would oil or any commodity trade in the red and go inverted . That is relatively simple, when you o
Twoyear is now trading, but that doesnt seem to matter. The majority of debt in europe all undergoing this powerful rally, despite the fact that we are going to see horrific unemployment number in about an hour and a half. Lets get you out of the market moving news from our new york team. We want to start with the much awaited u. S. Jobs data out of april for the next hour. Economists now estimating 22 million jobs wiped out in the past month. Joining me now is carl riccadonna, bloomberg chief economist. It is hard to put these into perspective. Help me out. Morning. D these numbers point to immense disruption in the u. S. Economy, on a scale we really have not whichn recorded history, goes back to either world war ii or the great depression. ,o put some context around this this is far more than all of the job losses we saw during the Great Recession concentrated into a single month. If we take the job losses of the last nine recessions, lump them all together going back to the late 19
Oil is heading to the u. S. Well tell you why it may not get there. And in sport the 1st round of the n. F. L. Draft takes place virtually. The Cincinnati Bengals. Quarterback alex you joe girl is big moment arrives and his parents live in the rain line. Its a figure that is as extraordinary as it is voss to the amount of emergency funding the u. S. Is now heading towards as it tackles the fallout from the coronavirus pandemic another stimulus bill is set to be approved by President Donald Trump thats going to take emergency spending to nearly 3 trillion dollars the latest relief package was agreed to in congress its the 4th aid package so far and its going to support Small Businesses the pandemic has made more than 26000000 americans unemployed in just 5 weeks so says the economy will bounce back quickly despite the number of cases and deaths continuing to rise some states like georgia are preparing to reopen their economies later on friday. Economy will start to pick up very substant