Page 8 - Zero Point News Today

All of that leading to a stronger dollar and weaker commodities like oil. Under armour out with earnings as well. Lets get right to it. Their adjusted loss coming in 0. 34 a share, almost double what we had been expected. Net revenue for the First Quarter coming in at 930 million. That also came in light. They see a significant decline in revenue since midmarch, so no surprise there. Marriott coming out with their numbers as well. As you can tell, it is going to be bad. Marriott international lo...

Debt as collateral for loans as eu leaders meet today to discuss a 2. 2 trillion revival plan. Loan provisions jump at Credit Suisse as the lender builds reserves to withstand the coronavirus pandemic. We will speak exclusively with the banks new ceo just after 9 00 a. M. Hopes forrs crafted higher profit in 2020. And the earnings deluge continues. Revenueetting hermes out, down 6. 5 percent, which does not seem quite so bad all things considered. Anna we are getting numbers out of unilever as w...

Stock higher and helping the idea that maybe this rally will continue. If there is an effective treatment for those who are severely ill with covid19, the economy can open more quickly than expected. Alphabet put up a better than feared quarter as well, helping the risk on rally. David tech helping to lead the way. Thank you so much for abigail doolittle. We are all anxious to get the economy going again but we want to do it safely. We welcome a man involved in making the plans for restoring the...

Traders are concerned about the swelling global glut and the lack of storage. The skies are darkening over japan as the coronavirus bomb the dimmest view on the economy for a decade. We have that this hour. Shery breaking news at the moment. We are hearing from treasury secretary mnuchin saying the u. S. Has no current plans to create a Federal Reserve facility to inject funding into nonbank or gauge servicers. This of course as we have seen recent government moves to help the firms get through ...

Prices. A new study warns japan is facing a double digit contraction in the coming months as the coronavirus pandemic slows the economy further. Shery lets get you started with a quick check on how markets are trading. We are seeing key restocks gaining ground for a third consecutive session. We have seen the rbnz come out and say it is open to increasing the size and scope of its program. We are seeing further upside in trading. Nikkei to futures up. 2 . U. S. Futures under a little bit of plea...

If you say things are okay, not as great, and youre an industrial, because there will be an opening of america, people will buy you if you say things are in line and you pull your forecast and youre not industrial, its a recipe to be sold. This is about hope its about the idea that it cant be as bad as it is right now. Youll see that even with marginal retailers, people think a marginal retail hear to come back because america is open listen, you have to go with the flow for a couple days if you...

Hours in the Oval Office Last night. The gop plan proposing 1 3 of the 1. 9 trillion democrats are looking for. It was a very Good Exchange of views. I wouldnt say we came together on a package tonight. No one expected that in a twohour meeting, but what we did agree to do is to follow up and talk further. The devil of course is in the details. Theres plenty of kidisagreemen in the dollars in the plan. Its unclear how much republicans are willing to go up and biden willing to go down but a Top W...

In europe. European stocks hitting a 20 bounce up from the bear market in 2020. A little bit of selling on the bond market as growth questions continue and Oil Takes Another leg lower. Lets get right to the bank numbers. Jp morgan shares up by about 2 . They reported blowout fixed income and trading revenue. With us now is Alison Williams is sonali basak. Sonali provisions for loan losses are really skyrocketing here, more than 8 billion expected. A lot of it is coming from the consumer business...

Selling but the glut looms over the market. The politics of the pandemic. The u. S. And china continue to trade barbs over their handling of the crisis. Washington says the world has been let down. Breaking news out of south korea. We are getting First Quarter gdp numbers quarter on quarter, seeing the biggest drop since 2008. Young talking about a contraction of 1. 4 . It is still a little bit better than expected. The expectation was a contraction of 1. 5 but it will still be the First Quarter...

Brief so a lot more to come on that front. Also on capitol hill, democrats are moving ready to move ahead with the 1. 9 Trillion Covid Relief Package with or without republicans. President biden sat down with a group of republican senators last night for two hours to break the ice it appears on a potential bipartisan agreement. You see video from the Photo Opportunity in the oval office right there. But both sides level the room saying there wasnt a deal and no clear path really to what happens ...