Keeping an eye on the treasury market, the 10year right about 0. 638 for that yield. Right now time for the squawk planner. The American Economy has lost about 8. 8 million jobs in the last three weeks economists are expecting the loss of an additional 5 million. Well get Housing Starts data with a decline of 15 for the month of march we have a big lineup of guests starting at 6 30 eastern with black rocks larry fink. We also have ken fine berg, dr. Emanuel, barry diller and House Majority leader mccarthy coming up and cases to top 2 million u. S. Cases top 640,000 new york cases over 21,000 new york governor now squarequi people to wear a Face Covering when out in public that takes Effect Tomorrow becky. Joe, everybody in engel wood cliffs right now is wearing a mask everyone who is not on air it is something they are take very, very seriously too im thinking about exactly what it means when we are all trying to get back and when we are in the nasdaq. I think in the entire place, it i
10 year. Crude now below 30. And not emphasize enough how much pain that will be causing to producers. To get a sense of where we are in the market, if you switch of the board, you can see some of the heavy hitters within the market, like apple and microsoft, down 10 , 11 . Also seeing bank of america off by 16 . The index which tracks the s p is down by almost 10 . Again, a world of hurt within the next two and half hours. We have some breaking news. The boe is pledging further prompt action when needed. No specifics on that, but they are pledging action as needed. We will bring you anything, any information as they come out. They said the dollar move to combat is there. This is governor bailey. Time now for global exchange, where we bring you todays market moving news from all around the world. From new york to washington, brussels and beijing come our bloomberg voices are on the ground with all of this mornings top stories. The Federal Reserve swept into action yesterday, cutting it
A surprise appointment at the head of ubs. The ceo of ing to take over from Sergio Ermotti. He is known for the Digital Transformation at ing and a eran of the dutch banking banking a comparison to whats been happening here, hamers is a relative outsider to the rarefied world of swiss management. He has climbed the ranks. He was the head of the dutch and belgium banking units. He has been ceo since 2013. What he is known for is leading the Digital Banking push in an effort to win customers and he is also known for cost cutting, and thats what he has been doing, bringing ing back to profitability by reducing costs. Sergio ermotti recently cut the banks financial targets for the second time in as many years. We were reporting that the search for a successor was starting on friday. That news came through. The International Wealth management cohead was widely seen as an eventual contender for the top rule. His run in with his former boss, Tidjane Thiam, apparently dimmed his standings with
Overshadowed by allegations of sexual assault. The Prime Minister denies those allegations. The u. S. Ways place down turnt, but asian stocks lower. The king of ipos, ab invevs Budweiser Brewing unit surges on its first day of trading in hong kong. Breaking the trend of lackluster debuts party debuts. We are 30 minutes from the start of european trading. Take a look first off at the treasuries trade in my terminal. This is a threeday chart. A big spike as investors are selling the debt. The question is, what does that mean . Are we looking at more of a risk on session now . If you look at futures, there is still a very mixed picture in terms of what we see happening in german futures. They are up a little bit. Dax futures are down a little bit. Really not a lot of indication as to the direction we are going to see. Up for moreing Political Action today as the conservative conference. Anna absolutely. Let us remember this has been an event that has moved markets. We have Seen Movement i
Conservatives. They have a majority of 1400 conservatives. They have a majority of moo in this seat overturning a conservative majority ofjust over eight thousand in the 2017 election. This is a by election in between general elections and it means that the new uk government of Boris Johnson has a working majority of one and that has implications for him and possibly for brexit. One and that has implications for him and possibly for brexitm should be said he took office with a working majority of two, including the confidence and supply partners, the confidence and supply partners, the dup. They were hoping they could hang on here or at least keep the majority of the lib dems down. What is crucial here is the turnout was big. Just under 60 and this constituency, geographically the largest in wales and england, was divided vote ways in much the same way as the rest of the uk on the 2016 referendum, voting in similar proportions. This constituency is being seen as a bellwether for brexit