P. P. E. And other medical supplies so they can adhere to the safety guidelines and provide a clean and safe environment. But it doesnt stop there. Im also working to assist our lowerincome families, those who rely on the Child Care Development block grants and those who simply need access to clean diapers. Just a couple of weeks ago i was in davenport, iowa, where i got to take part in a Diaper Distribution with the hiney heroes of the qadhafi at the quad city. The National Diaper bank donated 25,000 diapers to this important diaper bank. We know that during this pandemic the diaper supply has run short and ive teamed up with democratic senator chris murphy on this effort to include additional assistance for our diaper banks. Covid19 has also created challenges for our farmers. These hardworking folks are facing new challenges while working around the clock to make sure americans have adequate access to food and fuel. I was visiting with some farmers at the bloomfield livestock market
Investors raise a glass to remy sending shares to the stop of the stoxx 600 it expects demand to bounce back in the second half of the year saudi arabia and russia reportedly reaching an agreement to extend the counts for another month but will still be held today. Lets kick off with fresh data crossing the wires. Weve got uk car registrations coming in for the month of may 89 lower year on year to just over 20,000 unities. We are looking at a picture of sterling versus a dollar recently trading coming off 60 basis points the auto sector selling off quick sharply. A few Different Reasons for that part of that the reversal for the trade come together in the last several sessions. Part is to do with the german stimulus package unveiled in the last 24 hours. Let me give you more detail. German stocks making autos the worst performing sector in europe after the package announced overnight failed to provide must feeding help. Providing a raft of measures including help for electric car buye
Note the absence of a quorum. I rise today to join my colleagues those that continue tohe work in service to the nation during the 19 pandemic breast with dedicated citizens amid the challenges that we face. Many sectors deserve recognition notably healthcares, workers, teachers go to store, Law Enforcement i want to focus on the critical efforts of Agricultural Producers of farmers and ranchers. Keeping the food Health Supply chain is essential as a combat coronavirus farmers and ranchers provide the food and fiber thatne we need americans truly benefit every single day from the high quality low cost food supply in the world things to our producers. s operations across the country are impacted Food Security is a particular fo concern we appreciate the efforts f of those working to keep food on our tables and the workers that only their farmers and ranchers but those at the add processing facilities we know there are real challenges. We appreciate all those workers out the processing f
29. 89. Areie in the u. S. We getting a bounce because fundamentals have not been in sync for a long time. The s p 500 looking to finish the week higher. Points, well above the 2200 mark right now. Energy companys with a better week for crude. Up to. 5 . We are back down to 64 basis points on the 10 year. The jolt we got from the quarterly refunding announcements seems to be pricing itself out of the market. We will see about options next week and what that does to volatility in treasuries. The dollar index showing weakness today, at 99. 48, to the benefit of the likes of sterling. As you mentioned, 1. 2452 right now. Guy . Guy lets get back to the payrolls number. Larry kudlow speaking to jon ferro on bloomberg earlier on, trying to frame the april jobs anort after employers cut unprecedented 25 million jobs, triple the Unemployment Rate to nearly 15 . Larry this jobs report today is full of heartbreak, is full of hardship. I believe that it will prove to be temporary. The second half
The road. Cameron carpenter cant perform at his usual venues because of the law down so he still lives retirement home residence which shows especially for. Hello im terry martin good to have you with us talks are underway between german chancellor Angela Merkel and representatives of the german car industry Conference Call is to discuss the impact the current a virus pandemic has had on production and sales as well as ways of reviving the hard hit industry carmakers such as and i have urged the government to help boost demand for cars that are released yesterday shows the sector is facing his biggest slump in 30 years. Or more now lets bring in our Political Correspondent kate what can we expect from this Virtual Meeting of german carmakers in the cup and the chancellor. Well its very unlikely that were going to actually see any major decisions come out of these talks today which of course as you mentioned are taking place Via Teleconference and today will be more of a chance for comm