This is bloomberg surveillance. I am Francine Lacqua. A lot of thoughts on the markets. A lot of thoughts is not only on earnings and dividends but what we heard in the first trial of from gilead. People saying lets watch out for that. We could get something more. This is what your markets are doing. There is a left overall. When you look at eurodollar and thinks we have been watching. Gold down today. Gold is less high than it was two days ago. Nymex at 18. Lets get to new york city with bloombergs first word news. Viviana we begin with chinas economy in the First Quarter. For the first time in decades it contracted as the outbreak shut down large parts of the country. Gdp shrinking, 6. 8 from a year ago. This is the worst performance since 1992. Plunging moreo than 60 over that period. Here is the United States President Donald Trump outlining plans to restart the u. S. Economy. Some state employers are being encouraged to abandon restrictions. The white house has been eager to help
We will hear from Large Companies including four dow components, 3m, caterpillar, merck and pfizer, we have tall numbers coming out for you. Markets this morning look like this. Investors looking to add onto yesterdays rally, dow futures up 135 points and nasdaq futures higher by 113. Markets rallying as lockdowns are ease ago cross the country and new round of stimulus goes into action. Plus changing face of travel, jetblue making masks and limiting seating, mornings with maria is live right now. Dax index higher by 205, almost 2 . The u. S. Central bank would ease Business Loan term as it expects emergency Credit Demand to surge. In asia overnight markets were mixedment take a look at the numbers in asia. You have some strength in hong kong, up one and a quarter percent. The others negative. The kospi fractionally higher on the fraction. Oil sliding this morning. Another selloff on the price of oil this morning. Take a look where we stand, another decline of 5 sitting at 12. 13 a bar
Will record breaking cuts in production to stop the oil. Crude by saudi arabia and russia agree to the biggest of the reduction in oil. So it will be most affected. Him to the program. Factories shut grounded cars and trucks off the roads in many cities under lockdown demand for oil has collapsed due to the coronavirus pandemic and Oil Prices Fell further when major producers saudi arabia and russia couldnt agree on cutting output. Now theyve set aside their dispute opec and the oil cartels allies agreed to a 10 percent Production Cut the biggest ever but the deal to switch off the top spy 10000000 barrels a day still needs approval from mexico. These circumstances require swift and timely measures all of our Oil Producing countries must pull efforts to change the situation related to the substantial over production of oil in the world the us it didnt take part in the opec discussions on thursday which are the focus of a meeting of g 20 Energy Ministers on friday some analysts say Prod
Travel restrictions and how to protect yourself. Coronavirus prime time special coverage on aljazeera. Will record breaking cuts and production be enough to stop the Oil Price Slump crude producers led by saudi arabia and russia agree to the biggest of the reduction in oil for say so who will be most affected. Is inside story. Hello welcome to the program burn its me. Factories shut grounded cars and trucks off the roads in many cities under lockdown demand for oil has collapsed due to the coronavirus pandemic and Oil Prices Fell further when major producers saudi arabia and russia couldnt agree on cutting output now theyve set aside their dispute opec and the oil cartels allies agreed to a 10 percent Production Cut the biggest ever but the deal to switch off the taps by 10000000 barrels a day still needs approval from mexico. These circumstances require swift and timely measures all of our Oil Producing countries must pull efforts to change the situation related to the substantial ove
Will record breaking cuts of production to stop the Oil Price Slump crude producers led by saudi arabia and russia agree to the biggest of the reduction in oil to say so who will be most affected. Is inside story. Hello welcome to the program and its me. Factories shut grounded cars and trucks off the roads in many cities under lockdown demand for oil has collapsed due to the coronavirus pandemic and Oil Prices Fell further when major producers saudi arabia and russia couldnt agree on cutting output. Now theyve set aside their dispute opec and the oil cartels allies agreed to a 10 percent Production Cut the biggest ever but the deal to switch off the top spy 10000000 barrels a day still needs approval from mexico but these circumstances require swift and timely measures all of our Oil Producing countries must pull efforts to change the situation related to the substantial over production of oil in the world the us it didnt take part in the opec discussions on thursday which are the foc