Including chicago and los angeles as the unrest targets, temporarily closes Stores Across the nation. The hang seng pushes higher after President Trump stopped short of sanctions over beijings new security law. Asian pmi shows chinas recovery continues. A warm welcome to bloomberg daybreak europe. 86 00 a. M. In london. Annmarie hordern joins us. We have got to understand, the ofgers on the streets america, the danger to human life, the danger to reopening, and the death rate. Real,mentum is really very palpable, we need to understand how markets post price those. We have more unrest this evening after a weekend of protests across the entire nation, coasttocoast. Chicago, new york, boston, d. C. Some starting peacefully but ending with quite violent scenes as you have seen displayed across the news. I want to give you a sense of what the new york papers lead with this week, the new york times, spreading unrest leads nation on edge. Completely up in flames, some of the cities. The daily
And here are your top headlines. Angela merkel and president Emmanuel Macron back a 500 billion Euro Recovery Fund for the European Union. The deal needs the support of all 27 eu members, but the two countries of the biggest payers. President trump called the World Health Organization a puppet of china and promise to pull u. S. Funding. Stocks and futures shake off tensions and push higher. After eights potential vaccine for coronavirus. It is raising 1. 3 billion to fund the development. Just under one hour from the start of cash equity trading in europe. We kick off this program with a relatively dire number, european car sales are down 78 in april as demand evaporates. You expect that if you cannot leave the house. Stock futures are barely higher now. Just above unchanged. Dax and ftse futures up about 0. 1 . We have breaking news from the u. K. In terms of the regime that will apply from january 1. Earlier this place year, but we are in this transition phase until the end of decemb
And the news for china, sense that the president is cking supplies for huawei [indiscernible] on slot for china. We have the index above 100, and the 10 year yield at 62 basis points. The market except in all of this dire data we are getting this morning. s get to that data now [no audio] michael why that is, unless people just sort of got used to what was happening, and the fact that they have been locked down and couldnt go shopping or Something Like that. That is the only thing i can think of, and maybe the idea that as the weather gets warmer, they are seeing they are feeling a little bit better. I have no good answers for that. For theay, the numbers sentiment are really high, but they didnt do what they said. They didnt go shopping the way they said they would because retail sales were down 16. 4 on the month. That is a new record drop for the month of april. Of course vonnie vonnie vonnie and of course, the data earlier on included retail sales , but that was only temporary as w
Results for its vaccine, phase one trial in humans. Weve got a lot more on this coming up in just a moment. But this is a very positive development. When this was announced the stock rally that had already been in place gained a lot more ground. One more positive indicator for you. Thats the price of oil. We are back to 32 a barrel. We are driving again, we are emerging from a lockdown, demand for gas and oil up and up goes the price. Key indicator. Now, look at this weekend. All across the country, people were out and about, enjoying the weather and enjoying their freedom, too. There has been some relaxation of lockdown rules in 49 states. Connecticuts the lone holdout. They open up in just a few days. Bottom line, the economy is opening up and in most places, people feel willing to shop, eat out and socialize. Its hard to see how the authorities can reverse course and clamp down all over again. The genie is out of the bottle and the Moderna Vaccine news is the icing on the i can kcak
Worse with a second wave of the virus. This took place as a virtual discussion with the Atlantic Council. Thank you, everyone, for joining us today. Im the director of policy and programs at the Atlantic Councils Global Business and economic center. And we are honored today at the Atlantic Council to welcome kristalina georgieva, managing director of the International Monetary fund. Now, todays event is part of our headliner a. C. Front page series. Its our new premiere platform where we bring together Global Leaders to discuss the most urgent challenges facing the world. So i think we really do have the perfect guest this morning. She leads an institution that is on the frontlines of trying to save the global economy. And on a personal note, im proud to say its an institution i was able to call home for three years. So we want everyone to engage in this virtual conversation today and ask her questions. If youre on twitter, if youre on facebook, if youre on linkedin use the acfrontpage