Blame the jump in new coronavirus inspections on the president s political ambitions. The United Nations warns of a possible half a 1000000 extra deaths from because of conflict 19 the pandemic disrupts the Surgical Supply chain. Im still gal welcome to the Program German chancellor im going to medical has called on the European Union to unite to emerge stronger from its greatest ever challenge the coronavirus pandemic its the 2nd time germany has taken over the presidency of the york council with on sabbatical help speaking of the European Parliament in brussels the chance for them laid out her vision of germany 6 months which will be dominated by economic recovery from the coronavirus pandemic. Welcome the commissions plan for a Recovery Fund for a struggling for struggling european economies. But the chance of a 7 Member States would need to compromise in order to sign off on the Recovery Fund before next months summer recess diffidence than it might in some and if we are willing to
A because of his night of the pandemic disrupts pharmaceutical supplies. Im phil gale welcome to the Program German chancellor merkel has called on the European Union to unite and emerge stronger from its greatest ever challenge the coronavirus pandemic its the 2nd time germany has taken over the presidency of the European Council chance of methyl at the helm speaking at the European Parliament in brussels the chancellor made out her vision for germanys 6 month term which will be dominated by economic recovery from the pandemic and she welcomes the commissions plan for a Recovery Fund for struggling european economies. The chancellor merkel said Member States would need to compromise in order to sign. And often the Recovery Fund before next months summer recess diffidence than it might in some and if we all willing to overcome our differences and identify sched solutions if we are willing to view the world through the prism of others europe will emerge from the crisis stronger than eve
Last weeks big rally with saudi arabia and russia feud over cuts the oil market taking a hit today. We do have full Team Coverage of these markets for you. Bob and rick covering the action in stocks and bonds. Steve on the latest economic fall out from the virus. Bob, well kick it off with you and this rally that just keeps building it started early on we got right up great overseas numbers. When Governor Cuomo started talking a couple of hours ago, we moved up on his comments on hopes for plateau. The market took it positively. I want to point out that we are, i call it markets in the middle. Were now 20 off of the lows from the february 19th high, were now down 22 remember at one time we were down 35 a bull market to bear market to i dont know how to characterize characterizeize this morning were 20 off the lows the most beaten up are rallying the most retailers they are a big today wayfair up best day since march 26th for the banks. Here are some of the regional banks. Sta stap stap
Trade talks. How long can the relief rally last. Cuts at Deutsche Bank. Jobs aser could slash part of its Restructuring Plan. Investment banking likely hit the hardest. European leaders pull another allnighter in the search for the next European Commission president. Is the momentum with the dutch socialist . This is the European Market open. We are less than half an hour away from the start of equity trading. Lets look at futures. No surprise after the g20, after the truce, after the huawei surprise, no surprise therefore we see european futures higher more than 1 . We are a picture as expecting it to unfold in the european session. Let us take a look at the asian session. Havens out of fashion. Chinese equity market up by 2. 7 . Of positivea result risk on news flow items. Most of it connected between the u. S. And china. We see havens very unpopular. The dollar surging. The japanese yen being sold. The dollar one of the gainers. The yeneeing sorry, being sold, also the euro under pr
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