Up 2. 5 . T 28. 44, guy basically saying banks need to open get on with lending to firms. You want some of these firms to still be around to be able to start the economy. At the moment, there still seems to be a certain amount of difficulty in getting money out the door to the businesses that actually require it. Andrew bailey also indicating he sees nothing implausible in a drop,st for a 35 q2 gdp a massive economic hit coming for the United Kingdom. Yesterday, it be and confirmed that we will see another three weeks of lockdown in the u. K. Economy. We will talk about the input agents for the pound when it comes to that story in just a few minutes. European stocks are up on the week. Main markets up on the week as well, except for the spanish and italian markets, which are we getting. It is, as somebody put it a little earlier on, a day for dumpster diving, particularly on the ftse 100. Stocks. Ld is one of the we are positive on the day, negative on the week. As you highlighted, i t
Ross knocking joe biden and the democrats im joined by my guest Richard Goodstein an old bridge he is a democratic strategist and a former adviser to bill and Hillary Clinton and in new york im joined by how when she was in city she is in american journalist with r. T. Her writings are collected at how one of destroy dot com or across Something Else in effect that means you can jump in anytime you want and i always appreciate it let me go to you 1st. You have to tell me youre really super excited about joe biden is your nominee right coming really ok because your party got. Peter i am super excited when i look at the polls and i see that the American People have come to their senses i guess you know im not Donald Trumps biggest fan and when i see. Notwithstanding the fact that there is this usual rally around the flag it gracing a president during a time of crisis and thats happening in every other country on the planet and virtually every state in the United States dollar tax rates we
Data and overnight we got some fresh stimulus from china from the pboc that providing some support as well as investors look to the opec plus meeting now due to take place on thursday to see if saudi arabia and russia can come together with other Energy Leaders and agree a cut to Oil Production lets take a look at the different regions and what the split looks like that way. We have the dax up northemore t ftse 100 up 2. 4 the sad news we brought you, Prime Minister Boris Johnson has been admitted to the hospital. Hes had persistent coronavirus symptoms for ten days. Hes taking some precautionary measures by going to the hospital now cac 40 up 3. 5 in italy, the ftse mib is trading 2. 3 higher. Lets take a look at autos you can see daimler shares up 6. 3 volkswagen up 7 porsche up 8. 1 . Weve heard from automakers taking steps to shore up their Balance Sheets to shore the crisis investors responding as well renault up 12 some major moves the china angle, one of the more cyclical move,
Surveillance. Quite a lot going on with your markets. Lets have a look at what they are doing and some data out of the euro area. Services pmi are coming in short of the expectations. Preliminary figures were 28. 4. Services pmi are at 26. 4. Important jobs data will give us a clue as to the scale of damage to the worlds biggest economy as the damage spreads arid the dollar is actually edging higher. Fluctuating following the jump yesterday. Investors are weighing the assertion that saudi arabia would cut production. Lets get straight to bloomberg news. Coronavirus infections have topped one million, reaching a milestone just four months after it surfaced in china. Deaths are accelerating in europe but new infections are starting to slow in both spain and france arid france. Officials say it is too early to relax restrictions. In the United States, the Unemployment Rate could rise 15 these comments come after 10 million americans lost their jobs over the past two weeks. Yesterdays jobl
Holding fire today after two emergency cuts, futures point lower. The economic cost. Larry kudlow says the jobless claims figures today will show a very big increase. Bonusese, wall street could be cut by 40 this year. Just under an hour away from the start of cash equity trading in europe, lets take a look at futures. After two days of backtoback , we did have a record jump on a lot of indexes the day before yesterday. That was bolstered by another gain. Futures are down by 2. 5 . Take a look at futures in the u. S. This morning, we had a mixed picture. Now it is turning red across the board. Futures globally turning lower as we get closer and closer to the european open. The u. S. Senate has passed a record 2 trillion Coronavirus Relief package. The approval comes after both parties moved past a lastminute dispute over Unemployment Benefits for lowwage workers. The onus is now in the democratic led house to pass the bill quickly and send it to President Trump for his signature. Joini