In the food chain supply . My colleagues ben leveson, carlton english and jack howe. So the worst month in the markets since the great depression, april the best month in the market in 33 years. Can you explain the schizophrenia and explain to viewers why the market and the economy can seem to be going in different directions. This is kind of what the market does. Its forwardlooking. So its looking to deterrence and whats happening next. When the market was falling apart in march, nobody was saying, oh, look how great the data was in february that. s kind of whats happening now. In april we got this bad data, but we knew it was coming. And there was some good news this month. The number of coronavirus cases slowed. We have some states that are reopening, even possible treatment that might work meaning that people get sick, they can go and its not going to be as bad as it might have been. And this is all good news that the market was responding to. Hey, ben, i see plenty of good news, i
Worst in the history of the report. Jobless claims out today. The u. K. Is set to ease parts of its nationwide lockdown on monday. The pound fell to a twoweek low ahead of a bank of england decision. We speak with governor andrew bailey. Welcome to daybreak europe. We are getting a little bit of a. Ift through risk assets unexpected rise on exports. Backtronger yuan off the of that. Still some red on the screen in asia. The s p dropped for the first time in three days in yesterdays session. European futures in the green. Earlier, we were seeing the yen at its strongest or near its strongest since midmarch. You wonder about the kneejerk reaction. The painful jobs report, a grim foreshadowing of what we could get out of the nonfarm payrolls tomorrow. Ahead ofa two week low the boe decision. The expectation we could see more quantitative easing either this week or perhaps in june with the boe expected to hit its present the bond buying goal around the end of june. Oil getting a little bit
Host congratulations. Your book is a major comp which meant. It is a significant scholarly work. I think it is fair to say you moved the seal. Guest thats a tremendous thing to hear coming from you david. Thank you so much. Host how does it feel . Guest like a big relief. Its been 10 years in the works to make this book and so its a relief than just a pleasure to be able to talk about it with you and other interesting people. Host three Major Writers spent their careers studying writing about tobacco and cigarettes Richard Kluger who won a Pulitzer Prize for ashes to ashes. Guest amazing. It was really a pageturner. Host allen grant the great medical scientific historian on the cigarette industry and the deception of the industry and in trepidation. When you started here had giant oaks out there and you took a risk. Guest yes but you know i really feel those three books ashes to ashes cigarette century and robber proctors whole corpus of work the biggest of which is called golden holoc
Sorry kelly welcome to the program british Prime Minister Boris Johnson has the coronavirus he is the highest profile political leader confirmed to have contracted the virus so far the u. K. Health minister has also tested positive heres why. Boris johnson clapping in front of number 10 downing street on thursday night a symbolic thank you to the Health Workers in the fight against the corona virus on but no one at the time the british Prime Minister was already experiencing symptoms of the dizziness on friday he revealed he had tested positive for covert 19. I am working from home im so far isolating and thats entirely the right thing to do but be in no doubt that i can continue thanks to the with technology to communicate with whom i talk to him to lead the national fight back against coronavirus precautions were already in place the Prime Ministers Daily Press Briefings were taking place without journalists present their questions delivered via video. And johnson had held his weekly
We are looking at a contraction for the year between 1 and 4 . Looking at where china is, reality starting to bite, trading lower right now. Pmi front and center. Chinas economy has been damaged. A lot of the world still is shutting down. The downward revision in expectations may only be just beginning. Nikkei, lower by 4 . Jitters also there in the market. For globalmism governments to cushion the blow from the coronavirus outbreak. Lets flip the page, take a look at where we are in terms of the dollar. Easing a little. Theaussie below 60 to dollar. Is,ng a look at where crude down by 1. 5 there. Traders weighing the extent of against the 2 trillion stimulus package. The oil glut meaning we are running out of space to store. Yvonne things turning south now. It was after we saw global stocks register a rare back to back again on wednesday. Asia looking mixed. Japan seeing substantial pressure now. Lets get more context with david ingalls. Things are starting to turn a little to the dow