Unemployment rate when we get the numbers on may 8. That compares to the high in the pointdepression, 1933, 24 9 . We could easily be above that. This week was the week that is the reference for the jobs report. It may not be worse than that, but when you are grasping at straws for good news, global pmi , the United States comes in better in europe with numbers that wouldve been a stabbing to anybody a month ago. Anybody. Ding to 36 for manufacturing, 27 for services. Those are so much higher than in europe. In france, the composite 11. 2, the euro zone, 13. 5. You cannot model the destruction of the economy with numbers that low because it has never been done before. We have never seen numbers that low. Christine lagarde suggested we could see 15 collapse in the european economy for the quarter. The numbers we are talking about just absolutely astounding at this point. Those numbers you are seeing our quarterly numbers, they are not at an annualized basis as we do in the United States
Cover up in shops and on public transport and how one belgian businessman is bringing people together despite social distancing using a crane to hoist care home visitors up interfere taking them face to face at last with their loved ones. Im sonia logical welcome to the program u. S. President donald trump has given his 1st Briefing Since his controversial remarks about using disinfectant to treat the coronavirus trump launched a fresh attack on china saying beijing could have stopped the virus before it swept the world the president said his administration would conduct what he called a Serious Investigation despite the number of u. S. Covert 1000 cases now approaching 1000000 trump insists all areas of the country are doing well the white house also unveiled new measures to ramp up testing for the virus. A washington correspondent stephens inmans followed the briefing steffen what was your big takeaway from this briefing the big one is there is a plan though according to the white ho
Trade iing at levels we havent seen in nearly two decades amid falling demand and an expected jump in production and the virus itself remains front and center. President trump e iine ining gus until the end of april as the u. S. Cases top 150,000 weve got great guests join ing us, the ceo of medical supply Company Henry Schein and the head of amid this turbulent market with 59 minutes left, we are up 2. 8 led by helhealth care, tech and Consumer Staples lets focus in on the big stories. Meg is going to join us with the latest on testing and treatment. Kayla has the latest from lawmakers and mike is tracking all the Market Action but meg, first to you hi, guys. Lets start with Johnson Johnson. That news theyve selected their lead candidate for Vaccine Development. Really moving their stock higher and causing a lot of optimism that well see a vaccine in timelines that are faster than expected companies saying it plans to tart human Clinical Trials in september. Months faster than they pr
Billion. That is the rumor promising 850 billion. That is the rumor from secretary of the treasury Steven Mnuchin. Crude also recovering. We still have a two handle, all after the vix hit a record monday. Time now for global exchange. We are going to bring you todays market moving news from all around the world. From new york to brussels, washington, and berlin, our bloomberg voices are on the ground with this mornings top stories. Futures trimming early gains this morning, then rallying. Here was more in new york is bloombergs annmarie hordern. Walk us through some of the action so far. Annmarie as you said, we hit limit up on those futures. We then went lower into negative territory, but now back in positive territory. It does look like the bears are in control of this market. The biggest plunge on markets since 1987. In europe, similar story. We were seeing a lot of gains, then went negative. Right now on the stoxx 600, we are about flat. We are seeing some Massive Gains on the lose
Countries. We are continuing to see the corporate fallout, we will get more details on airlines. Delta saying it is suspending u. S. To china flying routes through april 30. Asked theirsoft staff to work from home. Amazon as well. The longer it takes to test anybody, the greater the risk they will be spreading the disease. Mike pence saying most cases are mild and they have flulike symptoms. Compared to the tests the u. S. Have carried out, 2000 by the end of last week, compared to 140,000 in south korea. In the u. S. We are seeing 11. Lities rising to this is having a concerning impact on the markets. Lets get to the Market Action. Speaks,president pence we see markets accelerating losses. Now trading at the lowest level since september. The chinese equity come back facing a roadblock. Seng headedg hang for its lowest level of 2020, and s p 500 futures extending the trading session losses, closing down 3. 4 , now off 0. 8 . Earlier futures were moving higher as much as 0. 7 , so quite