With Second Quarter volumes that may fall as much as 25 . Ap mollermaersk, the shipping company, said Second Quarter volumes will take a huge hit. You see a top german judge, one top german judge says the ecb is not the master of the universe and must be held accountable. This is Angela Merkel and Emmanuel Macron agreed to open the france germany border. U. S. Medical advisor Anthony Fauci ways in on the Market Sentiment, warning against reopening too soon. Stanley druckenmiller adds to the downbeat tone, saying the equity risk reward is the worst hes ever seen. Finally, a loss in the First Quarter. Putting aside one third of one billion euros for virus provisions. We speak with the chief Financial Officer between or lot in the next three minutes view minutes on the effect of the coronavirus. Ap mollermaersk, First Quarter revenue beating the estimate. 10 billion. 9. 57 billion in the First Quarter at maersk. The estimate was 9. 36 billion. The ceos who we are going to speak with momen
Walking in lockstep as the ecb ramps up with Pandemic Purchase Program and germany injects big money into its economy. Asian stocks and futures throw caution to the wind, setting up for a positive end to the week here in europe. The euro holds flat on its longest run since 2004. Lufthansa is set to be kicked out of the dax after a 32 years day. It will be replaced by deutsches on the 22nd of june. Just under one hour away from the start of cash equity trading in europe. Lets take a look at how futures are trading. If we do have gains today, it is going to be four out of five. Euro stoxx 50s up one point 1. 2 5 . Ftse futures gaining 1 this morning. Take a look at what is going on in terms of u. S. Trade. We see on the s p, the dow, and the nasdaq, all gains. Just about 1 for dow jones futures. The leader among the three benchmarks. What do you see on the gmm . Anna let me just tell you what is coming through in terms of breaking news this hour. Just while you are talking, we have a hea
Surgeons as the daily virus death toll drops. We get pmis from across the region throughout the program. Fragile sentiment. Stocks fall amid political sparring between the u. S. And china. President trump promises a conclusive report following allegations the coronavirus began in a wuhan lab. This crisis is different. Warren buffett explains why he has not put his record cap trial to work as companies clamor for liquidity. Futures equity markets, to the downside. Matt miller is with us from berlin. Futures suggest we will see some weakness at the start of trade. Matt absolutely. We are looking at euro stoxx 50 daxres down 3. 5 , as our futures. Ftse futures trading down. 5 . Nonetheless, in the red this morning. If you look at u. S. Futures, you red as well. U. S. Futures down about 1 across s p, dow jones, and nasdaq emini contracts so it does look like we are headed for a riskoff monday to kick off the week. Just under one hour away from the start of cash trade, as i said, and we exp
No limit, the ecb unveils a 750 billion euro bond buying plan to sue the markets. Christine lagarde throws the full weight of the central bank behind the single currency. The greenback becomes the haven of choice as u. S. Futures selloff again. Liquidity evaporates in the fx markets on fears of a lockdown in london. Stimulus from every angle, global fiscal support soars to trillions of dollars. I count almost 4 trillion of support. The rba cuts rates. Until the one hour start of cash equity trading in europe, and it looks like the wheels are starting to turn in little more risk on. Futures in europe are higher, they were lower minutes ago. Coming back as we see asian markets closed. S p futures still down 1. 6 , nowhere near the limit they bounced off of earlier. U. S. Futures also showing smaller losses than previously, as all this stimulus comes out. We are hearing talk of one trillion from the u. S. , 800 billion from the ecb. It adds up to about 4 trillion from Central Banks and go
On friday, this after being burnt before by the fed chair. Onemonth ago until the brexit referendum. David cameron and George Osborne say britain will be plunged into a crisis of its own making. Morning, stories this though. Definitely, this bayer deal. Shareholders over the last few days have been selling the stock. They are not convinced this is the way to go. Is bayer doing anything to alleviate that concern this morning . Matt well, they will be holding a press conference or at least a conference call. And look, it is going to be a very difficult purchase to make. We have had so much scrutiny from regulators on deals in recent weeks. Inre was a cfo deal chemicals that was scrapped of the weekend. So, that is one difficulty. The other difficulty is that germans are not used to takeovers of this size. 62 billion will be the biggest purchase ever by a German Company, in corporate history. So, it is a lot to swallow, especially considering this is the first price offer. I had thought i