Go higher. The crash stride an hour away. Lets get your top headlines off the bloomberg terminal. China p. M. I. Data Beat Estimates but it is a mixed picture for asian stocks and u. S. Futures turned in the case negative. The w. H. O. Said the coronavirus outbreak in europe may be approaching its peak but across the atlantic new york city reports a 16 increase in deaths in just six hours. Plus lenders from howards bank to unicredit halts dividends at the request of the b. B. C. Well speak with the chair to have Advisory Board in just over an hour. We do see futures positive here. Certainly in germany. 3 4 of a percent. Up on the dax futures. U. S. Futures we pointed out are down right now. Of course that can change. Volatility is the name of the game these days but we see a little bit of a split in terms over the risk indicators. Anna, what do you see from your g. M. M. . Anna before get to that, lets get to breaking news. We have numbers coming through from shell. They are talking oo
Holding fire today after two emergency cuts, futures point lower. The economic cost. Larry kudlow says the jobless claims figures today will show a very big increase. Bonusese, wall street could be cut by 40 this year. Just under an hour away from the start of cash equity trading in europe, lets take a look at futures. After two days of backtoback , we did have a record jump on a lot of indexes the day before yesterday. That was bolstered by another gain. Futures are down by 2. 5 . Take a look at futures in the u. S. This morning, we had a mixed picture. Now it is turning red across the board. Futures globally turning lower as we get closer and closer to the european open. The u. S. Senate has passed a record 2 trillion Coronavirus Relief package. The approval comes after both parties moved past a lastminute dispute over Unemployment Benefits for lowwage workers. The onus is now in the democratic led house to pass the bill quickly and send it to President Trump for his signature. Joini
Ease some of the Capital Buffers as well, potentially some of the u. S. Banks. We know again this is not a financial crisis, this is more of an exhaustion us shock. So letting the banks perhaps ease up on some of these roles to make sure they can get loans out to people who need them, certainly perhaps a smart idea. Ofncine yeah, i think a lot policymakers are just worried over what is essentially a Health Crisis that will turn into a financial crisis as they are trying to give loans and credit to Small Businesses that need it. I am looking forward to an interview with the treasury people in charge in the u. K. About the stimulus they put out yesterday lets get to first word news in new york city with viviana hurtado. Viviana we begin with the Trump Administration pushing a one point 2 trillion stimulus plan. This to counter the Economic Impact of coronavirus. Bloomberg has learned americans could get direct payment of 1000 or more within two weeks. A month later, a second set of check
Sharp selloff by friday. Look at the week that was with dow industrials down 4,000 points on the session. Thats 17 on the week. The nasdaq was down 995 points, 12 and a half percent lower and s p down 406 points, 15 lower on the week. President trump deploying the National Guard to new york, california and Washington State to fight what he calls the invisible enemy as more people are told they must stay home in the heavilyhit states. More companies stepping in the fight the war against coronavirus, meanwhile, they are working with the white house to manufacture mustneeded supplies and medical equipment. Plus more businesses forced to shut down as tighter rules go into place. St. Louis Federal Reserve president warning that Unemployment Rate could soar to 30 . Mornings with maria is live right now. Maria lets check Global Markets with ftse 100 in london 236 points, european indices red across the board. Cac quarante down 150 points and dax index down 243 down. In germany Angela Merkel i
The consumer staples, bottom fishing on companies and may think have gotten oversold. Companies could benefit from the work at Home Movement which is encapsulating this entire globe. Walgreens, have got walmart and costco among the gainers in the staples space. Theee another winner in dollar. Everyone is flocking to the dollar, the dollar index rising for a seventh straight day, claiming to an alltime high. The biggest loser against the dollar among the g10 currencies appears to be the pound. Romaine yeah. Scarlet lets look at todays market action. We will bring in our live reporter and one of the new voices. What have you been watching . Reporter oil markets were catching my eye. Wti, 14 in in brent. What is moving this action . It is a risk off water market story. Pressure oil as well and youre seeing all of this action move off of the official order from the Energy Ministry to saudi aramco to 12. 3 Million Barrels keep but as for the next coming month. That is how the indication is