Breaks on future higher call volumes offset by lower revenues. Helping the german telco beat expectations an insurance warns casualty claims to top the year the underlying performance, wed be talking about a strong delivery but of course, the conversation will be dominated by the impact of the virus that will have impact and growth for the remainder of the year. A down but not out. Second quarter Global Oil Demand well speak with the executive director on this show. Lets dive in to that oil report that is just crossing the latest is that all demand is set for a record fall in 2020. Probably no surprise to our viewers out there. It has trimmed the forecast for the drop citing the easing in drop down measures that has trimmed estimates by 690,000. The report that 2. 8 billion people will be living in confinement through may. Down from 4 billion in april the iea trimming its forecast and citing the ability in some European Countries and the United States. Uncertainties remain the biggest
Plus an increase in News Coronavirus cases, declines are being led by tech. Microsoft, amazon and apple all sharply lower today. Thomas peterffy is the chairman of Interactive Brokers hes our closer today coming on the heeled of the tieup will he now sell his companies well ask hem later in the show. Clearly coronavirus, again still only down just over 1 the markets overreacting i think if you do the math, basically if you lieu that only represents about 1 of the earns of the company no indication that this is nothing but a shortterm problems lets get on the base stories. Seema mody Steve Liesman tells us what the fed is talking about. First, lets start with seema. That safe haven play is certainly evident in different parts of the market. One standout is shares of the post 5 a new record high, up 7. 6 certainly outperforming on a day. A pause in the u. S. china trade relations. According to our ceo deere did address the coronavirus, expecting freight costs in the Second Quarter relate
Im going to be discussing that with these two there they are an Eastern European economist who thinks selling the assets might mean less money for ukraine in the long run and estonias Foreign Minister tells me taxpayers, they shouldnt have to foot the bill for the aggression of his next door neighbour, russia. Plus, what about the damage inside ukraine . One of president zelensky s top economic advisers tells me about the struggle to keep financing the fighting and why getting millions of ukrainians back from abroad would be crucial for the countrys future. Wherever yourejoining me from around the world, once again, a big hello and a warm welcome to the show. You know, russias invasion of ukraine is now into its third year, costing Tens Of Thousands of lives and billions of dollars. Its huge impact has been felt in economies all around the world. Its had consequences for globaltrade, energy and food prices and, most of all, in ukraine itself. So, can the assets the west has frozen and
Throughout the hour. Other news, google, bright spot in todays tape. Not everybody is happy about the tech giants restructuring and changing the Holding Companys name to alphabet. We have someone who says these actions will come at the shareholders expense. He happens to be one of those shareholders and hell explain what hes talking about, coming up. As those shares still up 4 . A rare green spot in the session today. Yes. Cyber security meets insider trading. We have the details on charges against nine people allegedly involved in a multimillion dollar hacking scheme, coming up as well. That is huge. That is a huge case. We start first with the chinese currency being devalued by nearly 2 officially. The markets have done otherwise. That move from the peoples bank of china sparking todays global selloff of ek quities and commodities. Mark chandler, welcome to you. Walk us through the impact how will this cascade throughout the Global Financial system . A lot of uncertainty. We make a d