Even the europes closest neighbors in the western balkans have yet to see the bloc deliver on pledges to help here to chinese and russian vaccines are filling the void the European Union have that they wanted their Global Public good they wanted to ensure a quick bloc there but were just seeing even today and yesterday then you know suggesting or threatening that there might be export bans on the coronavirus back in the e. U. And so obviously thats very concerning sign of buckley nationalism here and brussels Officials Say humanitarian vixen donations will be exempt from tougher export controls they promise help will come soon to say that the e. U. Is not doing anything i think its is really not correct that we are actually in discussion both with the Member States but also with the pharmaceutical companies in order precisely to help this advance the e. U. Was quick to call for Global Cooperation against a pandemic but so far its been too slow to live up to promises of global solidarit
Busiest day of earnings season and as we await a vaccine, more positive news from one drug maker about a possible treatment. You are watching Worldwide Exchange here on cnbc good morning, im dominic chu in for Brian Sullivan. We begin with stock futures pointing to a possible turnaround with the dow kit e indicated high, 175 to the up side, s p up by 27 and nasdaq up by 125 the dow and s p are coming off their first single day performances since june 11 the blue chip index seeing its fourth done day wn kaday in a re late february. Since the selling began on friday, the dow has shed a total of 1843 points, roughly 6. 5 it is on pace for its worst monthly performance since march. And it wasnt just the dow Big Technology also taking it on the chin over the past couple of days take a look at facebook, alphab alphabet, apple, tesla, and more together losing some 270 billion in market value just since tuesday alone. All of this coming as the u. S. Reporting its highest number of coronavirus
We were hearing that we could see some candlelight vigils later on tonight, people going online virtually. It comes amid hsbc defying the u. K. And backing this National Security law. And the corporate impact of all this as well. Lets check on the markets, they seem unphased by what were going through here geopolitically and what were seeing in the u. S. The protests have calmed down a bit in the last two days or so. Markets off the highs but were trudging higher today. Mobile stocks on track for a ninth day of gains. Jakarta coming online and continuing to trend up, 1. 3 . U. S. Future seeing a little bit of pressure. The airlines, the nifty with modest gains at the start. Haven,rally and bonds a selling all. You did see yields picking up here. The aussie, back to 1 once again. The chinese 10 year yield, now or near february highs. The second worst performer after bulgarian debt, on disappointment that beijing may refrain from stimulus. About somebts opecplus deals. Watching the curre
If you look at it, it is more of a financial thing than an Oil Situation. Airlines stock go into descent. Problems for peugeot expecting to see the european car market shrink this year. Lse outperforms. Also reaffirming the final dividend and will complete the 37 billion refinitiv deal in the second half. President trump issues an executive order suspending all immigration into the United States to, quote, fight the invisible pandemic and to save american jobs. Well documecome to street. Lets get to the top stories of the today, which is energy markets. U. S. Crude turns negative for the First Time Ever. Siting the strain on storage looking at minus 2. 08 falling 30 , yesterday settling over minus 37 a barrel. That means producers would pay traders to take oil off their hands. Amid widespread lockdowns amid an output cut among opec have not yet taken effect uta trading around 20 a barrel. Clearly holding out much better than the may contract. Big questions remain over whether we could
Another level russia has expelled 2 german diplomats it comes in response to a similar move by all thats amid a spat over a murder probe quarter has the story. The Russian Foreign minister has given the diplomats and question 7 days to leave the country in a tit for tat response to the German Governments decision when they themselves decided to expel 2 Russian Diplomats the german ambassador has received a note of protest over the ground as decision to expel 2 Russian Diplomats from berlin as a mere response to german diplomats must leave russia within the next 7 days now it was just last week that the German Government made this decision to expel 2 Russian Diplomats for the cut from the country and the official report said that russia was not being active enough in cooperating within vesta geisha into the murder of a Georgian National named still in can congress feeley now the german prosecutors even say that russia moscow may have ordered the murder itself but russia denies these cla