A workaround for the dispute over ecb bond buying. Crude edges higher on signs of demand recovery. We get a clear picture on the fallout as aramco reports results this hour. Manus a warm welcome to the show. Allianz, a tough time for them, that is what they are reforming reaffirming this morning. An implosion by 30 . That was pretty much as they had warned the market. Call toe, there is this preserve capital. Were standing by the 2019 numbers. The word reopen, what is the view from the cfo . A drawdown of capital from pimco. They have ripped up the guidance , we put those questions to the cfo very shortly. We will speak to the cfo, he joins us for his first interview of the day. What have you got . Nejra great to see you again after my day off. Debt. First half net 7. 5 5 billion euros. They say they could use up to one billion euros in the fiscal third quarter. At first half adjusted ebit 30 million euros. In the meantime, im back, whatd i miss . Nejra you missed the whole debate manu
We now go to questions for the Prime Minister. In thelf of everyone house of commons, may i say congratulations to the Prime Minister on the birth of his son. Such happy news amid such uncertainty. 20 20 is certainly a year they will never forget. Thank you. In sendingyou heartiest congratulations to the Prime Minister on the birth of his son. It is wonderful news and im sure he will bring him great joy. Surely we should not underestimate the significance of getting what we have as the peak of the outbreak without the nhs being overwhelmed. We have put elective surgery on hold for many people. What more can we do to free up the nhs so who are consistent can startnstituents being treated again as soon as possible and in significant numbers . First minister. I have been asked to reply on behalf of the Prime Minister, his fiancee Carrie Simmons have announced the birth of a healthy baby boy this morning. Both mother and baby are doing well and im sure the whole house will want to send con
Edition of squawk box, which is starting right now. Good morning, everybody. Welcome to squawk box on cnbc. Im becky quick along with joe kernen and Andrew Ross Sorkin. Weve been watching with the u. S. Equity market and things are under pressure dow was down by 600 points on friday and adding to those losses today dow futures right now down by 273 points earlier this morning we were down by 350, so this is some improvement from a half an hour ago. The s p is down by 28 points the nasdaq off by 61 lets get rightto our big stor of the morning that is, of course, the Berkshire Hathaway meeting that was health over the weekend. Warren buffett speaking out about the Global Pandemic and his recent investment moves. This was a little different this year no crowds. Usually theres 40,000 people there. This time it was just buffett and Berkshire Hathaway Vice President on stable but his message was still received loud and clear. Buffett made the case that you should never bet against america, b
Kari, those numbers behind you looking great. Yes, its going to be a Beautiful Day across the bay area, and it will be as humid as yesterday so the humidity dropping and temperatures going up as we could see our highs today for the south bay reaching into the mid70s. Upper 70s for the east bay and the north bay reaching up to 78 degrees in napa. I will be watching another storm system set to arrive by the end of the weekend. More on that is coming up in the full micro climate forecast. Thank you very much. Breaking the only county no, were breaking news. I apologize. Breaking news, we have reports of a 5. 8 earthquake hitting western nevada. Some people here say they felt it. No reports of damage or injuries. Our vianey arana says she felt it in san jose. Well follow this breaking news story, of course, as it develops. Reach us on facebook or twitter and let us know if you felt it. Most bay area easing restrictions, but its hard to keep track so much. These three counties were looking
Update from prudential regulators. This is a timely discussion as we engage with the nations prudential regulars amidst the health care and economic devastation of the covid19 pandemic. In queens in other parts of new york city have been very part hardhit. We at seven marquesas and more deaths than most states in the country. I did knit this healthcare cris millions have lost their jobs and loss of income compounded the Economic Impact. But thanks to the doddfrank wall street reform and the implication of the decade before the financial crisis, the nations Banking Sector has emerged and develop a bright spot with adequate capital and worked with clients to restructure mortgages and loans and extend credit. But but i that serious concerns about the implementations of the ppp Stimulus Program and the role some of the banks played and prioritizing loans are Large Companies rather than Small Businesses a minority community. But thanks to the hard work of chairwoman waters and chairwoman ve