Going to years do they have the future. G w dot com africa megacities the most. Clear cut or. Harley davidson takes a sharp turn americas best known motorcycle maker is slashing jobs as it tries to reverse its falling fortunes. Also on the show france isnt eating enough cheese now its piling up we have the details. And its the worlds most expensive parasite that right now the highly coveted caterpillar fungus is a vulnerable species. Full welcome to the show im seeing theres a in berlin american icon. Harley davidson is cutting 700. 00 positions worldwide as it restructures to to save costs the company said the decision was based on long term factors and not the coronavirus pandemic which has temporarily closed its factories and its still affecting production sales of Harley Davidson motorcycles have been falling for years in the u. S. Companys core market especially as baby boomers age the milwaukee based company employs 5600 people worldwide and lets go now to our financial correspon
The president to step down. On the call for welcome to the show. E. U. Leaders are meeting for a 3rd day as they struggle to reach an agreement on a 750000000000 euro coronavirus Recovery Plan member countries are divided on how much of the money should be distributed as free quran says and how much as repayable loans hard hit Southern States including italy and spain are seeking substantially payments but a group of fiscally frugal northern countries favor loans and more control over how the money is spent bridging the gap between the 2 opposite camps is proving to be a major challenge heading into a new round of meetings german chancellor Angela Merkel warned that a de. Deal might not be reached today begin good today we are entering the 30 days negotiations and it is certainly the decisive one the various issues the science of the fund the way it is managed and also the questions of the rule of law has not been examined thoroughly i still cant say whether a solution will be found th
Few hair salon owners in the county today. They say they need more clarification from the state. The owner of ones hair salon in los gatos tells us she worries the new order will force the industry to break the law. They have no choice but to go underground and into the backyard and into peoples homes hair to survive because literally theres no assistance coming their way. Santa clara county is among the 7 bay area counties, currently on the states covid19 watch list who was added to the list of sunday along with Alameda County. Concha costa. Moran napa solano and sonoma counties have been on the watch list for more than 3 consecutive days already, and under governor newsoms new restrictions they have to close gyms places of worship and offices in non critical sectors which some Health Officers say is not very clear plus hair and nail salons and indoor mall that news was a gut punch for Business Owners have been working hard to prepare for reopening this. Now wont be happening. Kron fo
Quickly. And staying strong. The worlds top iron ore prices are among the highest out of china. Shery lets get you started with another check of how markets are trading at the moment. Futures underu. S. Pressure as stocks fell to the lowest level in two weeks. We are seeing it down 0. 7 . Than 2 ,00 lost more same for the dow and the nasdaq. The dow losing more than 700 points. We had the sharp increase in virus cases, adding to economic anxiety. So risk off positioning was very strong last week. We did get positive data over the weekend, signs that the chinese economy is continuing to recover and profits rebounding in may for the First Time Since november. Take a look at what oil is doing because it continues to fall. Actually, we saw a second week of declines, the second weekly decline since april. We continue to have these lower prices after a cautious rebound, now headed towards 37 a barrel for wti. We also had chesapeake filing for bankruptcy in the u. S. , one of the biggest vict
Coronavirus cases top 12 million. Vice president pence says schools should reopen. Raphael bostic warrants about the hit to Consumer Sentiment. Stock market frenzy pushes the shanghai composite to its highest level since 2008. Thats after mega cap tech took the nasdaq to another record overnight in the u. S. Recovervenue begins to from the pandemic fuel slowdown as your europes Technology Company sees a bounceback and Software Deals throughout asia. Just under one hour away from the start of cash equity trading in europe. Lets take a look at where futures are pointing us right now. Ftse futures up about. 6 . Take a look at u. S. Futures. They have been down though only slightly. Anna, what have you got . Anna lets have a look at breaking news. Numbers coming out from rollsroyce. The engineering business, the engine maker here in the u. K. Giving us details for Free Cash Flow and cost medication action. They themselves are taking it. One billion pounds for cost mitigation action for 202