The g10 space. All european bonds selling off and oil getting wrapped up into all of that. We want to highlight all the market moving news from our washington dc offices. Washington, where you have President Trump speaking last night at a fox the conference about responsibility of china with the pandemic. Pres. Trump we have a pretty good roadmap right now. , we have to 60 protect his people. Maybe they stay back longer. But i think you can have it both ways. I think a lot of people want to go back. They just want to go back. Alix Kevin Cirilli joins me now with more. What else did we learn from the president . Walk this forward now that the senate is coming back to d. C. Today. Kevin good morning. The president in that fox news town hall making a declared a statement as it relates to negotiations with lawmakers, saying he would not support any economic stimulus lesson it includes a payroll tax cut. Drawing aent clearly line when it comes to a payroll tax cut. Predictionssed the for th
Any mutualization. Vonnie we are seeing a nice bounce for equities today. The dow in the s p both up 1. 5 to 1. 7 . The nasdaq up 2. 1 . All Industry Groups in the s p 500 higher, even though we are off our highs for the day. The one teetering on the edge is the home wherein transportation index, but they are basically flat to down 0. 1 or so. Some good earnings overnight. Many companies, including kimberlyclark, just getting rid of guidance altogether for the year because it is just impossible to know how the rest of the year is going to pan out. The likes of twoputt lake the likes of chipotle up, and Companies Like halliburton up. Diamondback up 8 , bouncing after getting absolutely hammered the last couple of days. Lets carry on the conversation about what is happening in the crude market, a big focus right now. Following that report on inventories. Weve also got the president s comments on what could happen the gulf when it comes to iranian boats. That is having an effect. Brent bo
Coronavirus case fails to improve overnight. The u. K. Prime minister is still conscious but has received oxygen treatment dominic raab is deputized. Equities heading for their first backtoback games in two weeks. Futures pointing higher in the u. S. While oil rises ahead of thursdays opecplus meeting. Coronavirusthe maybe reaching a plateau in europe as cases slow across the continent. Italy could start ending its. Ockdown on a gradual basis just under an hour away from the start of cash trading in europe. A quick look at futures here. A gain in futures at the cash trade closed higher yesterday. Gains in u. S. Futures with the 0. 4 the dow s p up 0. 4 . Anna everybody still focused on what is going on with coronavirus globally. Cases are being handled and death rates. We need to get to the first word news update. Prime minister Boris Johnson is in intensive care. His Coronavirus Infection worsened. He had been selfisolating for 10 days, struggling to shake off covid19. Dominic raab is
Space. Oil getting a bit of a reprieve. The concern is you have even more oil flow if the opec deal comes to an end. We want to get you todays market moving news from new york as well as washington. We want to start with the latest pmi data. Factories around the world suffering one of their grimmest months on record in march. Fbloombergs Michael Mckee joins me for more. Theres a lot to dig into. Give me some of your takeaways here. Michael mr. Rogers word of the day is contraction. Across the developed world, they are pretty bleak at this point. Some of them not as bad as thought because of a quirk in the data, but lets go through the data right now. Anybodye hardest hit of i the virus, and now the hardest hit in terms of the pmi number. Eurozoneance, germany, u. K. Are also in the 40s, which marks contraction. New orders of production crashed, but there is a quirk in the data where supplier delivery times are linked. However, in this case, there are no supplies to deliver, so it makes
Already been turned upside down well bring you the latest developments also coming up the coronavirus of shutting down germanys critical Auto Industry forcing giants like b. M. W. And boats back and to stop production. Plus the coronavirus threat and greeces over crowded migrant camps tens of thousands of people are already living in squalor with little medical care now they are at risk of a potentially devastating outbreak our correspondent reports from the mandatory small reaction on the island of less just. Im serious oh my god its good to have you with us travel into europe the current epicenter of the corona virus and make is being severely restricted European Union leaders have agreed on a 30 day ban on travelers entering the bloc that decision will affect. Most noncitizens and nonresidents of the European Union with some exceptions it will be up to each member state to implement the new regulations german chancellor Angela Merkel said the e. U. Would do whats necessary to protec