Antibody tests. Good morning, good evening at everyone. I hope you are safe at home. Our thoughts are with you, and together we are stronger. Yesterday, or two days ago, we had that huge swing, that huge impact that we saw with negative prices on wti. It is now filtering through the brent. We are nowhere near negatives, but if you look at the price action, it has been pretty brutal over the last 24 hours. Selling pressures definitely intensifying. Wti downok at brent, more than 4 . Lets get to bloomberg first word news in new york city with viviana hurtado. Viviana hi, francine. Here in the u. S. , finding a new pandemic relief package totaling 40 484 billion, including some for the paycheck protection program, to help Small Businesses keep workers on the payroll. The money will also go towa rd coronavirus testing. Donald trump says he will suspend illegal immigration to the u. S. For at least two months to help americans out of work because of coronavirus crisis. The president says it
Markets trying to figure out the fallout from the u. S. Strike meansilled the general for their portfolios. And what it means for the price of brent. Is at theere bryant moment. Gold at the highest in six years. Data. Also getting some Euro Area Services pmi coming into 52. 8 just a touch better than expected. We are at the eurasia summit talking 2020 risk. We will talk to the italian Prime Minister. In the International Rescue committee chief executive David Miliband. Those are coming up on bloomberg surveillance. Lets get to the first word news in new york city. We begin with Australian Authorities counting the cross of newowns on the south south wales in neighboring victoria. Blazes are the generated drive thunderstorms, thousands have been evacuated to Recreation Grounds, converted into makeshift camps. A new top man from china and hong kong, a communist party of thel who is now part anticorruption campaign. After nearly seven months of political unrest. Shows beijings intention to
From europe and the u. S. Here are your markets. We are seeing a little bit of flatlining for european stocks. Try to figure out exactly what will happen when President Trump meets with president xi jinping. The u. S. 10 year yield is holding just about 2 . Brent at 66. 34. We are seeing a big move with gold. It is the last trading day of the month, so watch out for any volatility. What marlon is doing merlin, announcing a couple of private equities were learning at the company. They are the owner of madame tussaud, amongst other entertainment things in london. Coming up, more from our exclusive interview with the the with the fran San Francisco fed president. Lets get straight to bloomberg first word news. Ifit is too early to know the Federal Reserve should cut rates, according to San Francisco fed president mary daly. They are widely expected to cut in july. We spoke exclusively with mary daly at the aspen ideas festival in colorado. If the data comes in and shows significant weaken
Lets check the markets. The europe 600 on a tear. Higher because of expectations of tax reform in the u. S. And what that can do not only to the dollar but to the world economy. It could make the spirits of the u. S. Move up a touch. Lunch in brussels. Will they are will they not . To severalspeak groups interested in brexit. Lets get to the first world news. Sebastian in the u. S. A Senate Investigation of the russian meddling in the trump case a instruction of justice case is coming. This is from Dianne Feinstein after Michael Flynn pleaded guilty to line to the fbi. I think we are beginning to see the putting together of a case of objection the case of obstruction of justice. I think we see this in the indictment please that take place in some of the comments being a. I see it in the hyper frenetic attitude of the white house, the comments, the continual suites. U. S. House republicans are drafting a contempt of Congress Resolution against members of the fbi. They claim that the rem
If you happen to be watching from the u. S. It is a bank holiday in the u. K. , too. Chinese markets are closed as well. The stoxx 600, pretty flat there, bearing all that in mind. The dollaryen, pretty unchanged at 111. 31. We did see a little strength earlier after those comments from John Williams. Cable is up. 2 . That has been moving fairly strongly ahead of the u. K. Election and a sterling did have its worst week this year last week. And keep your eyes on the 10 year italian yield. It looks like it is down two basis points. It was moving higher earlier, after comments from the Prime Minister. Lets get the bloomberg first word news. Reporter north korea has conducted another missile test. South Korean Military Officials Say the missile, which appears to be a scud variant, was fired off of north koreas east coast. It comes just days after World Leaders vowed to take tougher measures against kim jong un. British airways says many of the Computer Systems a running again. That is as