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Twoyear is now trading, but that doesnt seem to matter. The majority of debt in europe all undergoing this powerful rally, despite the fact that we are going to see horrific unemployment number in about an hour and a half. Lets get you out of the market moving news from our new york team. We want to start with the much awaited u. S. Jobs data out of april for the next hour. Economists now estimating 22 million jobs wiped out in the past month. Joining me now is carl riccadonna, bloomberg chief economist. It is hard to put these into perspective. Help me out. Morning. D these numbers point to immense disruption in the u. S. Economy, on a scale we really have not whichn recorded history, goes back to either world war ii or the great depression. ,o put some context around this this is far more than all of the job losses we saw during the Great Recession concentrated into a single month. If we take the job losses of the last nine rec ....
Stimulus plan to really help countries in the eu. You do wind up having larry fink say if you are a longterm investor, you want to buy risk. You have the dollar seeing its worst week since 2009. May be some of the liquidity funding pressure is taking a backseat. Today we are going to take a look at the market moving news from around the world, focusing on washington, as well as new york. The house is expected to approve that 2 trillion rescue package. House Speaker Nancy Pelosi told bloomberg tv they will move quickly to get that. Rep. Pelosi will have a strong bipartisan vote that, hopefully by noon will be finished. That depends on how we have to come into small numbers to vote have we have to come in to the chambers in small nubbers to vote. In small numbers to vote. Now is kevin cirilli. What comes after that . Kevin all of the house members will vote on this to trillion dollar stimulus package. From there, the president ....
10 year. Crude now below 30. And not emphasize enough how much pain that will be causing to producers. To get a sense of where we are in the market, if you switch of the board, you can see some of the heavy hitters within the market, like apple and microsoft, down 10 , 11 . Also seeing bank of america off by 16 . The index which tracks the s p is down by almost 10 . Again, a world of hurt within the next two and half hours. We have some breaking news. The boe is pledging further prompt action when needed. No specifics on that, but they are pledging action as needed. We will bring you anything, any information as they come out. They said the dollar move to combat is there. This is governor bailey. Time now for global exchange, where we bring you todays market moving news from all around the world. From new york to washington, brussels and beijing come our bloomberg voices are on the ground with all of this mornings top stories. The Fe ....
Care homes an independent new report has revealed we spoke to a former detective who took part in the initial investigation. We have. And. Time and time again to do. They watching r. T. International thanks for joining us. Today about 75 years since the liberation of warsaw for nazi germany by soviet and polish forces the capital was occupied for years thousands were deported from the warsaw ghetto to death camps 200000 soviet soldiers gave their lives to stop the brutal regime in the city and its surroundings. City stood empty and deserted the bodies of poles tortured and executed to be seen in ditches and sewer pipes theres not a single undamaged building remaining in warsaw objects of historical and Cultural Heritage plundered. I. Think. It is with great joy as im reporting to you that today on january the 7945 joint forces of the soviet on his 1st television front and the polish 1st army have successfully completed an offen ....
The s p and the dow running on gains by the end of the day and the nasdaq coming down from its highest level the sheer. We did have the dow above 18,000. Still green but a little off the high. The upward trend continues. Alix and it started in asia with the hang seng passing its 200 day moving average, inching above that level. European shares rose the most in two weeks. U. S. Stocks, chevron adding 15 points. That story holding up there. One stock that did not hold up is valeant. A really horrible day for valiant come its lowest level since 2010 comments worst selloff since march. Bonds were really trading week, . 81 on the dollar, which is an earnings clobber. Joe one thing people were buying today, government bonds in europe. Going lower and getting close to zero on the 10 year and the u. K. Held a 30 year government on option on auction and accepted its lowest year yield. Bond buyers in the u. K. Not concerned the brexit is going to be bad for u. K. Sovereign debt. Scarlet that see ....