Out. Alix yields on the 30 year in the u. S. Down 19 basis points. Lets get some more layered a, Julia Coronado joins us now. We have been trying to answer this question, what is driving the dramatic decline and move into safe havens . Onryone has been blaming it jay powells gdp forecast for 2022. Do you buy that . Is notthe feds forecast at all out of step with the consensus in bloomberg, bluechip, all of the congressional budget office, so i dont think that is new to the market that it will be a gradual recovery, and i thought that powells message was steadfast in terms of the feds commitment to participating in the recovery. I dont think this can be blamed on the fed. Into complacency with the virus. States that are opening up are starting to see escalating cases even controlled for increased testing. This is still a problem that we need to grapple with, is coming back to the forefront. We were always going somet a risk aversion and point the market would have a ritz look at what is
Why new moves by levon on central bank could through futile. Thanks for joining us we begin in the United States where the Vice President mike pence has led the 1st Coronavirus Task force briefing in almost 2 months as america records an all time high of new virus infections around 40000 new cases were confirmed across the u. S. On thursday but mike pence echoed president Donald Trumps message that the number of cases have been increasing because of accelerated testing he says 16 states are seeing a resurgence in cases across the south and southwest. In much of the country where were seeing a jobs expanding and Economic Activity expanding but our focus today is very much on on the advent of rising series of new cases across the american south. And. But where our 1st mission was to save lives once we came out of the 45. 00 days to slow the spread of what our task force has been focused on over the course of the past 2 months is to partner with states to save lives and safely reopen lets
A powerful drug gang. How lebannon starved economy is leaving shelves bare and fridges empty. And only wanting to dispose 16 people test positive for corona virus on the celebrations continue to run their 1st league title in 2 years well hear from the. Void he told the team. We begin the news hour in the United States thats where Vice President mike pence has led the 1st Coronavirus Task force briefing in almost 2 months as america recorded an all time high of new virus infections around 40000 new cases were confirmed across the u. S. On thursday but mike pence echoed president Donald Trumps message that the number of cases had been increasing because of accelerated testing he says 16 states are seeing a resurgence in cases across the south and southwest. In much of the country where were seeing jobs expanding and Economic Activity expanding but our focus today is very much on on the advent of a rising series of new cases across the american south. And. But where our 1st mission was to
Caller there are many many millions who are not coming back and some Small Businesses that are struggling an advantage. Airbus flies after boeing sees deliveries drop to the lowest level in six years from from the iata director later in the show. And swinging to the first ever quarterly losses as the lockdowns hit sales. But stores will reopen in most markets in june as it bisdishest a bonus dividend a warm welcome to street signs. Lets kick off with the fresh outlook from the oecd coming out now seeing negative growth of negative 6 and negative if a second corona outbreak occurs. The euro area gdp is forecast at negative 9. 1 in 2020 negative 9. 5 if a second outbreak occurs and the uk negative 11. 5 and negative 14 next year if another outbreak occurs. They have presented two scenarios. One where the virus continues to recede and one where a rapid contagious continues through 2020 and looking at what would happen let me run you through these for 2020 global gdp seen down negative. 6
After yesterdays midsession rebound, the dow initially fell more than 750 points from the trading session before that striking turn around and finished higher more than 750 points s p 500 went from more than down 1,500 and nasdaq went to close up by 1. 4 these moves came after the fed said it would buy individual Corporate Bonds, not just the etf. President powell trading these today not only on what jay powell said but this idea that the administration will be looking for a 1 trillion package it just seems like the federal government is doing the best in their economy. S p indicated up by 41 and the nasdaq indicated up by 73. Looks like this morning, the 10year is yielding 7. 43 . Watching this stuff how it played out yesterday was kind of phenomenal i couldnt believe what we were watching at the close. It was quite unbelievable you are right houj part is the government stimulus unless that leaked out watching the market. It was down. I dont like mondays anyway. Then i saw 400 and bas