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
Highs, off 1. 6 . You can thank the autos and oil companies. Several companies in the permian cutting back on production even then there was no vote on quotas today. Index ofhe energy 2. 3 . Some companies are not faring so well. Norwegian cruise line among them, down 21 . Norwegian cruise lines looking for money desperately to keep going. It raised 400 million and is looking to go to market as well. Yuan offshore is trading off of its weakness. It looks like the Trump Administration for the moment, is going easier on china. Kailey leinz has a deeper dive into the market action. Kailey it has been steady buying today, and really for the past four days, when it comes to the equity markets. Futures,ok at s p 500 we saw a steady decline, and then a steady upward trajectory. Things are pretty orderly, and volatility is relatively subdued. The vix at 831 handle. On pace for its best nineng streak in months, back to 23 a barrel, as that supply and demand picture looks better. Higher by. 6 to
And up to 200,000 deaths. The president listening to his medical advisers and he has adjusted policy. The social distancing rules will be extended until april 30th. Therefore, the shutdown of the economy will continue well beyond easter. The president says the recovery will start by june 1st. On the markets, expect continued volatility. We have certainly seen that already today. At one point early this morning, futures showed a loss of a couple hundred points. Now we are looking at a gain at the opening bell of a couple hundred points. That would be almost 1 . A similar gain, better gain, actually, for the nasdaq, up about 1. 25 and the s p also up over 1 . A rally at the opening bell. Investors seem to like the idea of more pain now so we get out of it faster. The other big financial story is the price of oil. This is apart from the virus. This is the price of oil. Look at it. Its down to 20 a barrel. Earlier it hit 19. 20. 48 is the price right now. The saudis have declared war on Am
Saying it will not be a part of any negotiations. Corbyn has used the line of attack against Boris Johnson in the runup to the december 12 vote. Graduate of unionized student workers at harvard are striking today. Last ditch efforts fail to produce an agreement. The union has been negotiating since october 2018. It seeks a 5 increase in salaries and stipends, as well as Better Health care options. The student workers face pressure to secure an agreement before possibly losing federal Labor Protections in the new year. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Shery live from bloomberg World Headquarters in new york, im shery ahn. Amanda live in toronto, im amanda lang. We are joined by our bloomberg and Bnn Bloomberg audiences. Andy President Trump macron are pulling forth dueling visions of nato as the leader defends a 2. 4 billion tariff threat on french good
Weight loss drug trial and we look at one business segment critical to growing the economy but unaffordable for many child care the ceo of Bright Horizons joins us with the stock up more than 45 so far this year first, though, lets talk about the market dom chu has the numbers. Down and in the red if you look at the picture overall, were hovering towards the lower end of the trading range. The dow is down about 290 points or three quarters of 1 to the downside the s p 500, the broader measure of the market, up 4479, down 39 points, or about nearly 1 , as well you can see there just for context, its been a down day overall. At the highs, we were still down 20 points and down 54 at the lows ill call your attention to just one number, were not really there yet. But watch 4421 some traders are talking about that as a target that they are watching right now, the 50day moving average for the s p 500 we havent been towards these levels since going back to the memorial day holiday, around that