Hotel giants see room revenue plunge 80 the central bank said they only answer to the court not the government the call to justify its Bond Purchase Program significant loss of output has become inevitable. That is the message from the governor andrew bailee forecasting a 14 drop in gdp. Sterling rising as the bank of england predicts a sharp recovery in 2021 caller expect a recovery much more than the pull back from the financial crisis. After the british telco cut its dividend looking to shake up its sector a warm welcome to street signs. Lets get to our top data point, chinese exports jumped by 3. 5 in april as reopened factories in the country moved to fulfill back log of orders. With a 2 fall in the month. The biggest decline since 2016 the trade surplus grew to 45. 3 billion. Far above expectations how meaningful is this jump in exports . Is it reflective of rebust gains or concentrated in particular sectors . Even after that beat . Export numbers in april, the con k consensus im
Coronavirus crisis i will subscribe to that. It is that serious and i agree with what the democratic leader said about this economic crisis. It is Something Like we have never seen before and calls for dramatic action and that is with the majority leader senator mcconnell has proposed and i agree with this from my friend from new york. When we tried to rescue the large corporations we need to put workers first and not be concerned about the ceos and the executives. We need to take care of Small Business. Lets do a Marshall Plan and lets do it on a bipartisan basis as americans because this economic crisis knows no party. In some instances when there is a crisis we are told to carry on and in this case that isnt what the Healthcare Professionals allamericans to do. Americans have been told and people around the world have been told stay home, dont congregate but that is the way our economy operates. So americans are doing what they have been asked to do. We are not flying, we are not st
Quorum call quorum call quorum call quorum call mr. Mcconnell mr. President. The presiding officer the majority leader. Mr. Mcconnell are we in a quorum call . The presiding officer we are. Mr. Mcconnell i ask further proceedings under the quorum call be dispensed with. The presiding officer without objection. Mr. Mcconnell mr. President , as our nation dpronts this health confronts this health crisis, Senate Republicans have prepared a bold legislative proposal. Im officially introducing the coronavirus aid relief and Economic Security act. This legislation takes bold action on four major priorities that are extremely urgent and very necessary. First, direct financial help for the American People. Second, rapid relief for Small Businesses and their employees. Third, significant steps to stabilize our economy and protect jobs. And, fourth, more support for the brave Health Care Professionals and the patients who are fighting the coronavirus on the front lines. Now, just yesterday by an
Vonnie gasoline inventories, that showed a build of 3. 3 Million Barrels. Is thaty the headline crude Oil Inventories showed a 1. 1 5wn last week of Million Barrels. It has been a risk off tone. Energy companies are benefiting from the spike in oil prices on both sides of the pond. Decline500 is showing a of 0. 75 . It is following the other indexes lower as well. Analysts showing stocks higher. Some of the Security Companies like Lockheed Martin is up 3. 4 . Guy european stocks are down. They are off their lows. The ftse 100 is now positive. The ftse 100 has lots of oil stocks in it. The dax is underperforming in europe. The aviation sector under pressure today. The bond market is catching a bid, moving six basis points on a german tenyear. Brent crude elevated. You would expect brent to be a little more aggressive of a move in the middle east rather than wti. The ism number today not exactly great, plus this story out of the middle east. Vonnie this will be all of the talk at the Ame
Economic typhoon. Turbulent times when out for Cathay Pacific protest in hong kong and the loss of the ceo. Shery we are seeing futures higher by four tens of 1 as we see more positive rhetoric from President Trump on the u. S. China trade talks. This on the back of a strong rally we saw on friday with the dow gaining 1. 2 and every sector on the s p 500 in the green. The s p 500 gaining 1. 4 on friday. We saw chipmakers leading the gains, after we had positive results out of nvidia. There was also positive sentiment out of europe as officials there hinted they would come to the rescue if the regions Economic Data deteriorated further. That gave a boost to investor sentiment. 1. 7 . Sdaq gained there was a lot of volatility still with those things swings on the s p 500 with more than 1. 5 intraday. This week the focus will be on jackson hole as we will wait to hear from a fed chair powell making comments later in the week. Lets see how we are setting up in asia. Place the pieces are in