But says ridehailing bookings fell for the First Time Ever last quarter. Shares rise on signs that it is emerging from the virus slowdown. Take a look at how we are setting up when it comes to the final trading session of the week in asia. U. S. Futures flat after we saw gains on wall street. Despite those historically high unemployment and jobless levels that we are still seeing in the u. S. , there is some sort of consensus among Market Participants that the worst may the over but we are looking ahead to the optimism of the economy reopening. We are also seeing optimism when it comes to new zealand, this despite the budget deficit numbers that were released earlier from the treasury report. New zealand just emerging from that stated four lockdown with the economy stage four lockdown. Also outlining steps for a gradual return to more normal economic functioning. New zealand on track for an entire week of gains. Definitely the outperform in the region. Ofcould get maybe a gain. 25 . We
Lots of people start retiring retail value starts to drop your medically, as a result of which, air france is taking the 500 million euro hit on that. Vonnie suppliers like rollsroyce, talking to the jet engine maker earlier on, and every time a widebody plane aes away, rolls doesnt get reorder for that particular plane. The s p 500 up 1. 5 . Most stocks are higher in the s p, and all of the groupings in the s p are higher, but we do have about 50 or so stocks lower. To be honest, a lot of those are came out after target and said, look, i cant tell you what is going on with the consumer. I am just completely confused. Target upping its offerings of fruits and vegetables and cook foods, but really not understanding what the customer is doing about a parable is doing about apparel. The dollar index down to 99, testing the 99 mark. Lets not forget the fomc minutes later on, for what thats worth. Theres also a lot of chatter about negative rates, particularly out of england. The 10 year yi
Steve mnuchin says he sees a bounceback last year. Angela merkel vows to defend the euro. The bank of england governor hints more qe could be on the way. We still have breaking news that we are waiting for, looking at merck, First Quarter net sales at 4. 7 billion euros, the 4. 1mate was 4. 9 billion 9 billion. , 1. 1 billionda euros for the First Quarter, estimate was 1. 0 8 billion. That number coming in a little bit stronger in terms of the adjusted ebitda. Manus, what have you got . You think about pharmaceuticals and telecoms, they are two of the most robust sectors in this whole covid challenge. A limitedas had impact. They are confirming guidance. Using the word limited virus , they are using more broadband. Up by 10 ,er ebitda as are a lot of recovery markets in recovery mode. Deutsche telekoms down on the year. Much will theyow be rewarded for that sticking to guidance. Good morning. Glasses on, glasses off, i dont know. We will talk about risk on or risk off in a moment. Gold
I am Francine Lacqua in london. This is what markets are doing. These are the headlines from the International Energy agency. The oil markets are improving, they say, and we had hints of that from the biggest reducers in the world. Saudi arabia claimed they could put a price increase on asian markets. They say the oil market improving is continuing. We will have a look at wti futures to see what they indicate. The markets give us a good idea of what is to come. U. S. Futures are fluctuating. Investors are waiting for the jobless data. Treasuries gaining, the dollar is up as well. Lets get the bloomberg first word news from new york city. Spending more money to tackle the economic turmoil caused by the coronavirus pandemic will be rapid, that is the message of jerome powell. He calls on increasing stimulus, and he is backing down suggestions that the central bank should adopt negative rates. 130pandemic could push Million People into poverty in the next decade, according to the United N
Bailey and also to chairman powell. Yesterday, the continued inflationary trend and the outright deflationary trend in switzerland. The numbers in europe in inflation on price change are simply grim, and you are dead on about unemployment. Overnight, Goldman Sachs readjusted their Unemployment Rates, and they get Steve Englander of Standard Chartered bank, a stunning statistic, francine 25 Unemployment Rates modeled out now by Goldman Sachs. And of course we get claims at 8 30 this morning. Francine we will have plenty more on that throughout the day. Its good to first word news with richie good lets go to first word news with they take a to first lets go word news with ritika gupta. Ritika wanted to play all sides of the equation, reopening the country too soon could lead to coronavirus flareups. He warned about the impact on children in schools reopened. President trump called that comment unacceptable. Has seizedortedly the mobile phone of the intelligence committee, richard burr. A