Daily virus cases. In some cases, records. Chancellor warns of an unemployment tragedy. Markets tick higher in spite of the dire warnings across europe. Europeile section on ends in the green after the s p dipped into negative territory. The trillion dollar gap. A 2. 4mocrats draft million stimulus bill. As mnuchin says he is ready to talk trump. We will be following this closely for you. Lets take a look at what futures are showing. Pointingfutures higher. We are looking at gains of 0. 4 . U. S. Futures also pointing higher for this friday, about 0. 25 . The pain in which contract you look at. The c anday in the gmm . The asian equities session going to the upside. Futures pointed out in the asian equity session, up 0. 4 . Indonesia, australia, india, all those markets moving to the upside. Is pushing us upwards just a little bit. We are all about the physical right now. The fed talking about the need for fiscal stimulus. Very much talking about the you of things as side well. Lets go
Corporate results come fast. The hiring trend on Second Quarter impairment and the cost of the pandemic. 6 00 a. M. In london, 7 00 a. M. In germany where siemens numbers are crossing the bloomberg terminal. This is amidst this is a beat. 1. 79 billion on the industrial businesses. The estimate was for 1. 19. They are reaffirming the 2020. They still reaffirm refrain from giving guidance for 2020. It is still very tough for them. The estimate on the numbers was for 1. 1 billion overall. Let me try and get those for you. Still no fullyear guidance. They see it comparable to crime this year. Still a moderate decline for 2020. Refraining from the guidance. Third quarter Free Cash Flow is 2. 46 billion versus 134 a year ago. 434 a year ago. It is a different business to the one they took over in the early 2010s. 2013 is when he was there. You have got a little bit of data to get through. We will talk a little bit later on. He is the ceo of siemens. Firstns us for the interview of the day.
More important to traders . The cash trade is one hour away. Thats get your top headlines for you from the bloomberg terminal. Pressing for concessions, stimulus talks in the u. S. At an impasse with the white house and democrats still far apart on major issues. President trump prepares to take unilateral action to extend jobless aid. King of spinoff. Siemens gets a boost from its Software Unit as adjusted earnings climb a prevent 8 for the quarter. We will talk with the cfo shortly about results and plans to list more parts of his business. Plus, we will speak with the bank of england governor, Andrew Bailey, later today, as the u. K. Central bank makes its Rate Decision. What have you got on the boe here . Annmarie as expected, they maintain their benchmark Interest Rate at. 1 . This is what we were expecting. They are keeping their total bond purchases. The target is unchanged at 745 billion pounds. Of course, this is what we were expecting. Now, we have the august minutes coming in
Rates. Not want negative the bank of englands own debate with subzero policy continues. Andrew bailey testifies today as the u. K. Chancellor sees a recession unprecedented in scale. 6 00 a. M. In london, 9 00 a. M. In dubai. The global debate on negative rates. Rbnz thatt was the shifted the dial in terms of monetary policy. Only thing i learned is steven major comes and gives me one phrase which is, what the aussies and the kiwis do, bets the global agenda or pushes back on negative rates. I think it will be interesting to see where the fed would be with the ecb. Their rhetoric is shifting further away from the and irp domain nirp domain. Lets see what happens with the bank of england. Nejra you love that phrase and i do remember it well. Absolutely saying that negative rates have got to jump the hurdles. When we heard from powell yesterday as well, where the focus was much more from the take away with him not being so gung ho about talking about fiscal the way he was in the past but
Commitment to reviving inflation after yesterdays landmark German Court Ruling. Disney takes a 1. 4 billion hit. Bmw joins Fiat Chrysler and vw on warning for the Second Quarter. Unicredit set aside 900 Million Euros. We break the full forced quarter members. Firstquarter numbers. Have we have manus we those firstquarter numbers, a loss of 2. 71 billion for the First Quarter. The market penciled in a number of 1. 95 billion. You are bang on the money. They were one of the first to come out with 900 million set aside for covid19. Italy will contract by 13 . This is the challenge for they were one of the lead nonperforming loans. Unicredit, the stoxx 600 banks index still underperforming. The exposure is a critical issue for all of the banks. We do not seem to have broken that symbiotic relationship between banks and the sovereign. First quarter loss, 2. 71 billion. Net profit a year ago. This is a bank influx at the moment. In flux at the moment. We are waiting for numbers to come throu