Of the s p 500 that is one of many questions. Power lunch has the answers, right now. Yes, we do, tyler thanks ceos are starting to sounds the alarm about the economic recovery and the path forward. Lets get to bob pisani for the details on that. Bob . Kelly, we were hopeful we would get more Earnings Guidance 40 said no guidance, were sort of hearing for the Second Quarter and into the third quarter, so ibm yesterday a good example of that. He said maybe we were a bit optimistic uncertainly makes us unwilling to provide guidance. Theres other issues, too, the ceo of capital one has made the stimulus has made it different i dont think we have a rigorous measure of how many current borrowers are unemployed i think its reflective of america and there are different degrees of unemployment right now. Thats tough ive seen some positive comments as well. Nasdaq had very big stock volume, ameritrade did as well theres been a lot of ipo activity recently. We have he Anita Friedman on, the chai
House passes and aid package and some corporate bailouts may come at the price of corporate equity stakes. And gilead shares crash as reports suggest its potential covid19 drug flopped in trial. Good morning, everybody. Program. O the we see a sluggish pace reflected in european futures. Much weaker. Features down, plenty of reasons to be gloomy if youre looking for them in terms of u. S. Jobs data, eurozone pmi data. We saw that certainly have an impact. Lets have a look at u. S. Futures. We do see some negativity and u. S. Futures in u. S. Futures. But not to the same extent. As we continue to watch the earnings stories coming in, lets get a bloomberg first word news update for you. The u. S. House overwhelmingly passed a nearly 500 billion. Oronavirus aid plan the white house says President Trump will sign the legislation today New Washington time. Treasury secretary Steven Mnuchin once equity stake in exchange for a share of 17 billion in aid. He says Public Companies critical to N
And 0en the blocktalks for the efforts. Telling this Program Unity is what is needed a relief package is absolutely necessary it is necessary because we combat a common enemy in europe. Solidarity has to be demonstrated uk Prime Minister Boris Johnson is admitted to the hospital and dominic raab will continue doing had is work there is incredible teamwork behind the Prime Minister to make sure we get him better as soon as possible over to the wall here to give you a story of how the markets have developed weve been on air since the open this morning and only seen gains pile on effective live so europe is playing catchup on the rally we saw in the United States and asia. It is a broadbased rally of the stoxx 600. We are up nearly 3 year, which takes us back 20 on top of the loan that we saw in this index lets roll the wall and show you how that breaks down in terms of that individual picture for different markets. Perhaps im surprisingly given on the focus of the financial well being a
Is in kabul to move forward a u. S. Peace deal signed last month with the taliban. The trip comes despite the coronavirus pandemic at a time when World Leaders and statesmen travel. Ailing official since the signing of the deal, the Peace Process has stalled amid political turmoil in afghanistan with the country leaders fighting over who was elected president. Global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im mark crumpton. This is bloomberg. Scarlet vonnie it is 1 00 a. M. In london. Welcome to Bloomberg Markets. Lets check the majors and the 10 year. Off this piece of news, the imf has released a statement on the Conference Call of the Conference Call and says the Global Economic retraction this year and a recovering here. Nearly 80 countries are requesting our help. But is a direct quote from the imf, nearly 80 countries are requesting help from the imf. We have seen that with Dollar Streng
Confirmed case of coronavirus in the United States of unknown origin and after that press conference from donald trump. Not giving up. Meanwhile, we do see resiliency on the mainland. The csi 300 gaining. 1 korean kospi now down after that rising coronavirus count. A surprise Interest Rate hold from the be ok. Hong kong stocks falling lower. Lets look at the fx and rate markets. We see a rebound of the aussie dollar, but this after it fell to the lowest level since 2009. We do see the yen gaining against the u. S. Dollar and we see 10 year treasury yields falling lower. The 10 year yield at 1. 3 after falling below for the first time ever. Back to you. Ponczek, right, sarah thanks for joining us. Travelers torging reconsider trips to south korea as the number of coronavirus cases there nears 1600. President trump assured americans that they face little risk from the epidemic and tapped mike pence to lead the governments response. Trump sought to ease concerns after lawmakers raised que