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Will accept junk, recent fallen angels as collateral. Time now for todays market moving news from brussels in new york. We want to begin in europe, where the pandemic drove the economy to a record slump in april. Pmi Area Services completely decimated, falling to 11. 7. Manufacturing also dropped to 33. 6. Bloombergs maria tadeo joins me from brussels. Maria what you are seeing is that the Coronavirus Crisis is going to do a lot of damage to the european economy. [indiscernible] brussels tell us...

House considering Financial Relief for workers and businesses impacted by the virus. This is what the president said yesterday. We are going to be asking tomorrow, were seeing the senate, well be meeting with house republicans, mitch mcconnell, everybody, and discussing a possible payroll tax cut or relief, substantial relief. Very substantial relief. Thats a big number. Were going to be talking about hourly wage earners getting help, so that they can be in a position where theyre not going to m...

Brutal standoff the European Capital as the government subsidies to meet the terms of. The u. S. Government approved the sale of millions of dollars worth of antitank missiles to ukraine. Broadcasting live from our studios in Moscow International im john thomas glad to have you with us our day deadly stabbing at a paris Police Station is now being investigated as an act of terrorism according to prosecutors the man who killed 4 colleagues on thursday was linked to islamic extremist networks earl...

Against him in the state of georgia. Was accused of trying to overtime the results of the 2020 election. United nations is calling for an Multinational Force to be sent to haiti to restore law and order you in chief and tony detectives has urged the Security Council to act now to stop spiraling, guns, violence, intense fighting between rival munitions in libyas capital. Tripoli appears to have ended following the release of a commander. Theyve been helped. Ministry has confirmed dozens of people...

Bull and our own tesla bear ready to drop the gloves on where the stock is headed next. I had no idea he was bearish on tesla. Im melissa lee coming to you live from studio b at the nasdaq. We start off with Jerome Powells pivotal speech here at the new york economic club. The fed chair hinted hes ready to pause rate hikes for now, saying the committee is proceeding carefully. But at the same time, powell also kept the door open for a move in december and beyond. And he added that while recent i...

A springtime special power lunch begins right now. And welcome to power lunch. Sorry. Brian mentioned stocks hit record highs midday. We saw the nasdaq turn lower. Amazon, microsoft and google. The intradays are even more dramatic and a lot of volume at last check trading at the 125 of its average daily volume. Extraordinary volume for a friday afternoon. And as stocks rally the vix hitting a 24year low. Financials big movers. Among the leaders in the group bank of america, Morgan Stanley and re...

More on tonights pbs newshour, major funding for the pbs newshour has been provided by you never discriminate. You want everyone the young, the old, the soft and the strong but cancer, were fighting you with immune therapies and genetic testing, with laughter, with strength because every one of us is doing one thing only making cancer history. Lincoln financial committed to helping you take charge of your financial futuren and by the alfred p. Sloan foundation. Supporting science, technology, an...

Major funding for the pbs newshour has been provided by you never discriminate. You want everyone the young, the old, the soft and the strong but cancer, were fighting you with immune therapies and genetic testing, with laughter, with strength because every one of us is doing one thing only making cancer history. Lincoln financial committed to helping you take charge of your financial futuren and by the alfred p. Sloan foundation. Supporting science, technology, and improved Economic Performance...

Get the tests through. Tom Francine Lacqua is from london with the end for the entire hour, focusing on vw. Lets get to top headlines with vonnie quinn. Vonnie in greece, the once and future Prime Minister returns to power with a stronger than expected mandate. Alexis tsipras and his series of party and his series of won. From tomorrow we raise our sleeves to support the weakest, the working classes. Equality, social progress, social justice and prosperity for our country. To be able to have a s...

Lets check weather and traffic. Its refreshingly nippy this morning. Thats a nice way to put it. Next week. It could be brutally cold. Today wont be bad. Later. Fog popping up. Patchy fog. Not widespread. Patchy fog. Sonoma, we have some. And out towards brentwood and morgan hill. Maybe where you are as well. Once that lifts, hazy sunshine. That fog can be i think a bigger factor over the next few days. 30s, 40s and 50s. If youre stuck in the fog the visibility can be awful. Mild to warm conditi...