First time in years. And the fed the ecb cuts funding costs. Boris johnson pledges a lockdown exit plan. Welcome to daybreak era. As we head into may, how about these markets . 1987. St month since u. S. Equities. U. S. Jobless claims yesterday, the you want to focus on the unemployed or the fact that the claims have been decelerating for four weeks. We saw a red on the screen yesterday. More than 1 . Own a lot of markets closed. In asia, japan is open. Read on the screen for japan. Many are closed but ftse futures points to a down day. Risk off across the markets. Dollar strength coming through on the bloomberg dollar index. Oil is an outlier in terms of the risk picture heading for a monthly gain. Coronavirus,o the u. S. Coronavirus cases recorded the slowest daily increase for the month of april. Resident donald trump will theel to camp david for first time leaving the white house compound for more than a month. The president is preparing to resume travel and reopen the economy. Yor
Interview with Michael Oleary is coming. Good morning. Also happy friday. It has been a long week. This is what your markets are doing and a lot of folks about what we heard from a we heard about will we heard from the European Central bank. We continue our earnings outlook. Was tech yesterday companies. This is what i am looking at, dollars up. U. S. Futures are down. Treasuries advancing. If you look at trading, holidays across many major markets. Gdpecb coming out with calls saying it could be it could rebound. Of course, this year that gdp could shrink between 5 and 12 . Year will be next a lot better. We will have the more forecast. Figureseuro area gdp being published. We will delve deeper country by country and give you an update. Lets get to new york city with the first word news. Viviana we begin with the u. S. Federal reserve expanding the scope of its main Street Lending program. Businesses with up to 15,000 employees will be eligible. Expandingl bank is its paycheck protect
Friday coming off the exhaustion of all of that central bank news, the analysis of the markets, the big tech earnings. I would focus on this may day, on the persistent theme, the dawning awareness about a seriousness a pandemic continues to be. One lighter note, there is a beach war in america. The governor of california is shutting down the beaches while alabama and texas are talking about opening the beaches. That is the distraction in a very difficult virus statistics. Howcine it is interesting in the u. S. It differs from state to state. With the bloomberg first word news in new york city is Viviana Hurtado. Viviana we begin with u. S. Federal reserve expanding the scope of its main Street Lending program. Now businesses with up to 15,000 employees will be eligible, so will those with up to 5 billion in revenue. The central bank is expanding its paycheck protection facility. This after the initial round of funding was spent in under two weeks. European central bank looking to ease
Crude at 22 a barrel. Guy some of the crude stocks in europe are trading a bit higher. Of the stocks in terms Sector Performance today actually doing a little bit better, but european stocks are down. We are down your session lows, approaching 4 . We are waiting to find out what happens in the senate a little bit later. That big bazooka a little bit of ther on ahead german fiscal story. Theyre going to be turning on the taps over in berlin. Still, maybe more need to be done on a european basis. 38 on the negative 0. 38 on 38 on theenure german 10 year. The pound is back down again now , down only a little bit, but its been battered of late. The euro is still in positive territory, up by over 1 at the moment. Clearly, this demand for dollars still yet to be fully cited by the swap lines put in place. But to be honest, they take a little while to work. All of these announcements we are getting on a minute by minute basis from the and others, they dont kick in immediately. They take a lit
Bloomberg. We are targeting parts of the business where we are not generating acceptable returns. Matt apple falls short. The iphone maker expects to miss its quarterly revenue goal because of the coronavirus. And bhp warns of a hit to Raw Materials demand and prices the virus fallout extends. We actually have glencore across the terminal here saying it is going to take a 2. 8 billion impairment charge. It sees the scope of three emissions falling by 30 over 15 years. Bit, 2. 4arketing a billion. Recommended 2020 base distribution of . 20 a share. That will be the dividend news. Carbon emissions falling, coal mines deplete. Glencore says it is watching coronavirus developments. The bottom line in terms of earnings before interest and taxes was 4. 15 billion the estimate was for 4. 07 billion. Doing a little better in terms of adjusted earnings before interest and taxes. We are also getting eu car sales. European car sales dropping 7. 4 in january as new taxes hit demand that is already