Cheerleading forward as we expect politicians to do. The underlying math on the thursday past was outright graham. Outright graham. Whether it was germany or russia. Increasedew york city 9. 8 yesterday. That is a huge fall back from the end of may story we have been getting. Francine if you look at the pattern, if it is anything like we saw in france, gets better and then gets worse and then get better. Bear with us and good luck to everyone. Lets get to the bloomberg first word news in new york city. There china hasnt had an economic report like this in decades. The coronavirus pushing the countrys economy into a contraction in the First Quarter. Gdp shrinking to 6. 8 from a year ago, the worst performance since at least 1992. Recovery will not be easy. Coronavirus has hammered business around the world. China will have to demand will have to rely on fragile domestic demand. It is a threephase process. The president says some phases could begin literally tomorrow. The guidelines mark
The latest. Dani definitely a mixed session. The stoxx 600 down. It is a macro heavy trading day between the u. K. Election, Central Bank Decisions and that the tariff deadline, we have traders on the sideline. Expandedy has really for sterling. Cable down about 0. 1 , but still trading at that 1. 31 handle. This is a conservative government priced in. Upside is really limited. We have seen sterling fall after the poll showed the conservatively it cut by about half and the concern is the Hung Parliament that would throw into concern the outcome of brexit. Some strategists have said that sterling may fall as low as 1. 22 if we do get a Hung Parliament. Brent down about 0. 5 tonight. We are seeing brent trade just under 64 a barrel. The aramco ipo hitting the 10 limit with shares surging so far today. Looking at some of the individual movers we have seen in the market. Jd sports is one of the biggest lacquers in the stoxx 600 laggers in the stoxx 600. Its biggest shareholder sold 2. 4 of
Of the cabinet, which is a little more Public School and a bit more oxbridge than it was and has no more women in it. The other point, made by the institute for government, is about the disruption to business. In nearly every department, half or more of ministers have now been in their post for less than a year. The heart of government, which is the Cabinet Office will have an entirely new team. For what . Was it all worth it . Well, nick watt our Political Editor is here. Lets talk about the handling today, because yesterday it came in for quite a bit of criticism. It has been a tale of two reshuffles, there is a feeling in the cabinet that yesterday, which was about the cabinet, was not one of the Prime Ministers most glorious moments with those ministers resisting her. Ive been hearing scathing words like chaotic, the Prime Minister has no authority, and she cant even sack people. Thats the cabinet. Today she had a much better story when she started moving through the junior and mid
Coming up in the next half hour the government sets out its brexit policy paper. The Transport Secretary says expanding heathrow will be good for britain post brexit. And, as mps debate alcohol harm, a former Minister Talks about growing up as the son of an alcoholic. I know what its like to feel that cold nausea when you find the empty bottles hidden around the house. But first, the government has published its 75 page brexit policy document, laying out what its objectives are in the forthcoming negotiations on extracting the uk from the european union. The principles were contained in the Prime Ministers keynote speech last month, so there were few surprises. The Secretary Of State, david davis, said it confirmed the Prime Ministers vision of an independent, truly global uk. The government recognised the need for clarity and certainty. The white paper also sets out we will take control of our own laws so they are made in london, edinburgh, cardiffand belfast, and ensure that we will
And how do lib dems claw back the south west that went so heavily for brexit . Hello, good evening. Just two years ago this month, David Camerons Conservative Manifesto was promising a brighter, more secure future. An irony presumably not lost on the former pm politically or personally. But now its theresa mays turn. What will she chose to promise the nation . Brexit determined her reign, brexit has dominated it so far. But what about all the other stuff that decides how we vote . Spending plans, schools, foreign aid and defence. What will she set out to achieve and what may trip her up in the quest for more control . Our Political Editor nick watt has been having a look, and is with me now. Nick, lets just focus on the aid budget. What are you hearing . There is something of a battle going on at senior levels of the Conservative Party. The 0. 7 pledge of Gross National income that should be spent on overseas aid. There are seniorfigures who are saying that should be rolled in with a 3