But negotiations remain far apart and vander layen believes they are close both sides are severely hit by the pandemic. We should do Everything Possible to find and agreement that is possible so that we do not increase the negative impact on our economies. Lvmh shares move lower. Tiffanys arguments as unfounded for the case of ditching the 16. 6 billi 16. 6 billion take over deal a warm welcome. Lets kick off the show with a look at the markets. Rallying more than 2 breaking a twoday losing streak. Dax in particular was very strong leading gains rallying 3. 2 ftse 100 lagging a little bit. We are seeing a little retreat this morning the dax is down as well lets dive in to the sectors to see the best and worst u littlitiutilities are the onln the green. Lets look at the worst per forping sectors. Yesterday it was worth mentioning you had the banks leading down sharply to the down side banks down 1. 4 . Autos down 1. 3 some of those reopening stocks taking most of the hit this morning. U
Maria is there with more. What do we know so far . It seems like they are going to be talking on the 750 billion euros stimulus. Is that rhetoric . Maria it is unclear whether we get a deal. We do know european leaders have been stuck in a room was 10 hours debating what to do with his Recovery Fund. It is clear there are three major sticking points. One has to do with the size of the Recovery Fund, how big it is going to be. Euros wouldbillion be granted as grants to countries in Southern Europe that have been badly hit by the coronavirus. That could change during the weekend. There is an issue with the format, how much this money will be in terms of grants and how much will be a typical bailout just cash for reforms. Secondly, this is becoming a major thing, the governments. Who is going to make sure a country like italy after they get this money, who is going to make sure they use it for reforms . For a country like the netherlands, for the dutch Prime Minister to whom i spoke to in
Improving. Atlantia shares are holding after sliding more than 12 as they dismiss the proposal to rescue the motor way operator describing the offer as insufficient well, stock markets here in europe have been open for an hour so far and what we had, a lot of green on these boards from the outset though we have bounced off some of the highs of the session, the core markets, and what we have so far in the benchmark, gains of 16 of a percent. We can switch over the boards. You can see how firm it is for the u. K. Stock market. Out in front, gains of 1. 1 . Typically its not the one taking leadership here in new york we were up more than 1 on the german stock market but we have given back some territory very close to that mark still a firm trade also some of the early gains enough to keep it above the 5,000 point handle lets take a look more broadly at what we got by the sectors at the start to every single sector trade and you can see that remains the case at the top, theyre now taking t
Tax us taxes tax us a group of 1000000 as governments to raise taxes to fund a coronavirus recovery they say charity is not the solution but will governments also buy a cool and how popular is this idea this is inside story. Welcome to the program im laura cause the Coronavirus Crisis seems to be spinning out of control day the world record its worst single day rise in infections almost a quarter of a 1000000 in just 24 hours cities that had declared attends to victory affording back on the look down one by one. The return of restrictions is an Economic Disaster for many countries already suffering from the 1st wave governments say theyre doing what they can and some are bailing out flatlining Industries Others have chosen to spend big to create jobs encourage spending and reduce individuals debt well as others have chosen welfare and Public Sector cuts as well as a rise on v. A. T. But all these measures are not permanent fixes and theyre expensive with the money having to come from s
Crisis, we will also touch upon the European Union, european commissions, broader Economic Policy agenda as we hopefully recover from the crisis, it has been evolving fiscal institutions, its management of the european macro economy. It should be an interesting conversation, obviously of particular importance given the worldwide economic crisis we are suddenly found ourselves in. Let me introduce my guests today, director general for economic and Financial Affairs in the european commission, prior to his current job, he was director general for structural reform support a topic we will touch on a little bit as well i imagine, prior to that he was Deputy Director general for economic and Financial Affairs. He also worked extensively on the socalled fund which we will talk about as well. Anyway, with that introduction out of the way, i want to start out with talking about the way in which the crisis has unfolded over the past few months in your especially what actions have been taken to