To the economy. Today my colleagues on the foc and i kept Interest Rates near zero and maintained her sizable asset purchases. These measures along with our strong guidance on Interest Rates on our Balance Sheet will ensure that Monetary Policy will continue to deliver powerful support to the economy until the recovery is complete. The path of the economy continues to depend sidibe drama course of the virus but a resurgence in recent months and covid19 cases hospitalizations and deaths is causing great hardship for millions of americans and displaying on economic and cavities. Following a short rebound of economic at tivoli last summer at the pace of their coverage is moderated in recent months with the week is concentrated in the sectors of the economy most affected by the resurgence of the virus by greater social distancing. Household spending on Services Remain low especially in sectors that require people to gather closely including travel and hospitality. Household spending on goo
Well. Down as we have seen some more dollar weakness. We are kind of teetering. The market is kind of nervous about whether we are seen stretched positions in the dollar. And we are now, as you can see, still negative when it comes to the jones, but the data generally generally positive today out of germany. Lets talk more about what is happening in the industrial heartland of europe. Lets get more insight on what is happening with that german data. On efo president earlier about things improving. Lets listen. The recovery is on track. With the gdp progress slightly better than what we had a couple weeks ago and the revision and the Climate Index continues to increase, to recover, this time it is not just the expectation. It is really the situation that is improving. Guy a little bit earlier on, i mentioned the mixed news we are getting out of the li sector. We have now out of the airline sector. Airlines in america cutting jobs if federal aid lapses. October 1, we could potentially se
The bloomberg terminal back to work. Italy starts seeing its lockdown ease, france follow suit. Boris johnson returns to his post today. Adidas revenue slumps 19 in the First Quarter, but bayer catches oost with adjusted epic. Ebita. Surprise. Ish Deutsche Bank says that expects to post a profit for the First Quarter, but as it is unlikely to meet its leverage ratio in 2020. We are just under an hour away from the start of cash equity trading in europe. Let us take a look at futures as they trade across europe this morning. Looking at gains on futures of 2. 3 for the euro stoxx 50 bluechip european benchmark index. Ftse futures up 1. 5 . They have risen a full percent in the last hour. Dax futures are also up. In terms of the u. S. We see 1 gains across the major equity indexes in terms of futures. S p futures, dow jones, and nasdaq futures. Let us get the bloomberg first word news. In place a plan to start easing lockdown measures on may 4. Manufacturing and construction set to restar
A Little International economy at the present moment how concerned are you that were heading into a fury as far as a recession is concerned well alex a connoisseur are meant to be pessimists but if you look at the hard numbers of the moment its stiff you know to see a perfect storm gathering to clear over the u. K. Economy business manufacturing down in 7 years weve got a weve actually got the the 2nd quarter g. D. P. Is actually stalled its down were well into the 3rd quarter i suspect we may already be in recession in the u. K. Normally your economy if it does have a dip its one particular bit of the economy there gets impacted. All the major drivers of the u. K. Economy are in serious trouble which is just Something International is happening construction nor the biggest new engine of the economy. Lost orders in since the banking crisis of 2008 Consumer Spending thats the big we depend on Consumer Spending retail sales down over the year and not just fall in high street shops the sh
A group of bikers in the Ural Mountains 60 years ago countless theories as to what happened. Good evening and welcome this is r. T. International. Senior us journalists are once again fighting over russia with one t. V. Network now suing the host of another for describing them as paid russian propaganda. Has the details. Here comes a familiar voice which becomes even more familiar if we hear words like russia or russian the most obsequiously approach trump right wing news outlet in america really it literally is page correction propaganda for those who still didnt recognize that that was really literally Rachel Maddow speaking about the one American News network on her and this n. B. C. Show ill get to the point of reminding you how she keeps seeing russia everywhere in a moment but dont you think there must be someone out there who wont just swallow what the m s n b c star anchor says without having a bag with a decent jab well oh a ed is filing a defamation lawsuit they want 10000000