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Will accept junk, recent fallen angels as collateral. Time now for todays market moving news from brussels in new york. We want to begin in europe, where the pandemic drove the economy to a record slump in april. Pmi Area Services completely decimated, falling to 11. 7. Manufacturing also dropped to 33. 6. Bloombergs maria tadeo joins me from brussels. Maria what you are seeing is that the Coronavirus Crisis is going to do a lot of damage to the european economy. [indiscernible] brussels tell us they do anticipate a contraction for the entire euro area. This is potentially huge. Youre seeing a...

While e enforcing lockdown measures. And adrift foror two monthths. Hundreds of refugees are rescued but 24 die of starvation. Thank you for joining us. We begin in the u. S. Who a decade of employment games have been wiped out in a matter of weeks. Since donald trump declared a National Emergency on the 13th of march, that is just over a month ago, 22 million americans have filed for unappointed benefits. 5. 2 million of them in the last week. For the pandemic, unemployment in the Worlds Largest economy was at a near record low. Lets cross to our white house correspondent, kimberly. Obviously...

Way better numbers anticipated coming through. This is in yuan terms. March exports thought to be down 12. 8 . Official number suggesting they were down just 3. 5 . Imports year on year from 7 . 2. 4 . Ht increase of that is what we have at the moment coming through with the latest data from china and the department. Lets have a look at what else is going on. Hong kong schools have been closed since late january. Little hope classes will be resuming soon amid this coronavirus. They wonder there could be an exodus of students. Issue with thehe hong kong education secretary, kevin yeung. Kevin g...

Earnings season even as Goldman Sachs warns of a 35 g. D. P. Slump. And jpmorgan is the first u. S. Bank to report. Wells fargo comes next. Dont miss our interview with the c. F. O. Later on today. Those earnings come out before the u. S. Bell this morning. And global coronavirus cases approach the 2 million mark with 119,000 people dead. France extends its lockdown. The u. K. Is expected to follow suit this week. Were just under an hour away from the start of cash equity trading in europe. Lets take a look at futures this morning. We had the u. S. Trade down yesterday. India is doing quite we...

But not the votes. Also, the European Union urges Member States to maintain bands until the 15th of may to slow the spread of coronavirus. The pandemic threatens the people of idlib, the last front in the syrian civil war. On the brink of a possible humanitarian disaster. And coronavirus fears have shut down rios famous beaches but rebel surfers cannot resist the lure of the waves. Welcome to the program. U. S. Senator Bernie Sanders has ended his bid for the democratic partys nomination in novembers president ial election. His announcement clears the way for joe biden to challenge president t...