Coronavirus cases top 2 million in the u. S. As the number of infections rise in texas, california, and florida, all recently reopened states. Not even thinking about thinking about raising rates. A dovish jay powell sends global stocks and treasury yields lower. Most fomc measures see rates zero through 2022. It raises concerns about the real state of the economy. Nd capitalizing on chaos Goldman Sachs makes 1 billion from the oil market turmoil. Drivingp sees its bond trading revenue. Big on europe. We are seeing futures. 2 losses point two losses on the indexes. Most of the major indexes were less than 1 . Drops in the u. S. After that fed meeting. Jay powell saying hes going to keep rates at zero through 2022. It looks like the market is now concerned about the strength of the underlying economy considering those comments. U. S. Futures down 1. 5 in terms of the dow and the s p. Anna in terms of the underlying economy, concerned also about the rise in the rate of infections in the
Although probeijing officials have said we should not be too concerned, it will lead to stability in the city. 7 . Sci asia pacific down it is certainly something of a riskoff mood, following off what we saw toward the end of play on friday in the u. S. The nikkei is down more than 1 . In the mainland, you have a bit of pressure as well a despite industrial profits up 6 coming in over the weekend for the month of may. On to the next board. We will be looking at the currencies. A bit of dollar weakness. On friday it reached its highest level in four weeks, but it has since come off slightly, leading to a bit of strength for the offshore currency here in china. The korean won is up about plan to 01 . On to some of the commodities we are looking at. Wti has been under pressure as the demand story as we focus on the rate of infections, 10 million infections, 500,000 deaths, you can see that it is lower today. Gold, science that investors are preparing to cross through 1800. 0. 64 . Year yi
Who already takes it and says its changed his life. 13,000 solar panels on one roof well show you the worlds greenest industrial building. Its approximately 200,000 square feet of panels. And more than four megawatts of energy, we can produce on an annual basis. So how many megawatts do you use . Less than one megawatt. The rest is going into the public net. The cbi has exclusively told this programme the uk government is not doing enough to encourage British Companies to go green. Well ask what more they can do. And well talk live to this Liverpool Fan who got knocked out in his quest to get a wave from his hero mo salah. Hello. Welcome to the programme. Were live until 11 this morning. Later, well be talking to the foodbank in grimsby thats been so overwhelmed since the start of the Summer Holidays that it might be forced to close. If youve been using your local foodbank, maybe for the first time recently, get in touch. Use the hashtag victorialive. If you text, youll be charged at t
Markets typically respond to rate hikes and whether this time will be any different. Obviously weve heard how the playbook usually goes in this time. Look, the fest rate hike usually is absorbed okay by the stock market. Theres that old saying, you know, three steps and a stumble or three jumps and a stumble. I have been focussing on the fact that in general were farther along in economic and the market cycles than we typically are when we get to the first rate hike like so many others things. This element of this cycle is different. You have Profit Margins that have already been higher and profits have been falling for companies. Obviously stocks are somewhat more expensive. Were actually down a couple of . I hi a lot of this kind of fouls the picture a little bit in terms of whether history can be a decent guide as to how the markets deal with this. You make the point that unless some if no immediate rupture occurs, posthike, you might see some buyers come in and you decide the water
Hello and welcome to countdown. Welcome to the program. A big day for earnings. They are crossing the bloomberg terminals. Company earnings have narrowly missed estimates. Income is 9. 1 billion krone. Below estimates, the big story. They lost him to be e. G. And that was unexpected. And are a smaller rival have been for the better part of a decade. They start looking for a successor and the Company Thousand maintain the strategy of cutting costs to raise shareholder returns. Projectioned earlier targets and started implementing the Efficiency Program with cash 2016. Perations by is output for the quarter of 1. 79 6estimates million. Oil production targets have missed, as well. With theur interview ceo for the time being while they look for another one. He will be joining us. They will discuss the earnings and the search for the successor. Thet is continuing to hit sector earnings. They will be reporting later on today. How is the market performing right now . We have the details. Horr