Covid19 own Macro Economic Development Going forward. I in leary, we should expect lower Going Forward. Ab in bef shares up. Vw slashes its dividend after posting the first half operating loss and renault posts a loss and says it is impossible to give any guidance. Astrazeneca rallies as Second Quarter sales top forecast the ceo says he expects to benefit from the Covid Vaccine this is a business that is redirect examinatio resilient. Weve managed the crisis well. Patients are returning to physicians a very warm welcome to street signs. Now on the gdp front, german adjusted preliminary gdp the calendar adjusted q2 number down 11. 7 slightly worse than the 11. 3 forecast the sharpest decline from 1970 the calendar adjusted level, 11. 7 versus 11. 3 predicted the rebound in that data, the pmis came in growth territory but still q2, a very severe decline. Lets bring in annette who knows more about the German Economy than i do. The 11. 7 drop in gdp. Exactly it is worse than expected but t
Phase two trial of its vaccine candidate. Where do you want to begin beginning of june, theyre talking about phase three. I love the confidence. There was a time where if you did that, the fda would really call you out say basically, how dare you plan phase three . You have to get phase two done this is a sign once again that the level of fda meaning business is extraordinary. The time that it takes to do these things is being at a level that no one has ever seen. Remember, mumps, the longest to fruition, four years this thing is happening so rapidly, and theyre talking about scaling if its good so theres reasons for optimism. I know moderna i was the first to interview them these guys are scientists. All right, and theyre using Amazon Web Services to basically, if you want to look at like what a bank robber would do, you have to keep turning until you get the right combo. Thats what Amazon Web Services does for those so david will love this, an algorithmic play, and maybe thats the wa
Saudi aramco with a crash as the bite in crude faces its bottom line. Defining a trend in the Energy Sector Boris Johnson facing criticism over his return to work guidance. The country looks to gradual reopening. Well talk about the lockdowns effects on the economy thank you for joining us weve been watching on the market today they have fallen 10 after the steel giant saw its net loss widen to nearly 1 billion euros in the second quarter. The coronavirus hit all of the business lines from steel to car parts. Lets get out to annette for more typically, some companies will try to sell assets, which was exactly the strategy in the last few months yet selling assets in this environment is not an easy one that has been the case. They have been able to sell their crown jewel. The elevator business is going to a private equity consort yum. They are apparently looking for coinvestors it seems with the crisis, the price is quite a burden with them as well but now thyssenkrupp is going ahead sa
The tech giants continue to open their books as executives warn their books are not immune one stock that seems to be weathering the storm completely. Thursday april 30. Worldwide exchange begins right now. Good morning, good afternoon, good evening and welcome from wherever in the world you may be watching here is how your money and investments are looking right now just after 5 00 a. M. On the east coast stock future showing more possible gains after a surge with the dow and s p jumping the nasdaq, technology continues to outperform on optimism on technologies the key job claims we say that because this is a number showing millions filing for unemployment every week yet the market keeps moving higher lets staft your day with a remarkable stat get this the russell 2000 on pace for six straight gains that has happened only one other time go all the way back to 2000 to find the last time small caps gained 1 six days in a row. If you like that stat, stay tuned for the back half of the sh
Debt as collateral for loans as eu leaders meet today to discuss a 2. 2 trillion revival plan. Loan provisions jump at Credit Suisse as the lender builds reserves to withstand the coronavirus pandemic. We will speak exclusively with the banks new ceo just after 9 00 a. M. Hopes forrs crafted higher profit in 2020. And the earnings deluge continues. Revenueetting hermes out, down 6. 5 percent, which does not seem quite so bad all things considered. Anna we are getting numbers out of unilever as well, so the earnings daily continues. Things not looking great for unilever. Delucia the earnings deluge continues. Growth of zero, so 0 . The estimate was of an increase and itr just over 2 , seems on pricing and on volume they missed estimates. Pricing looks to be lower than estimates and volume looks to be lower than estimates. That seems to be where we are on the top line. They are also saying they are withdrawing their previous 2020. Uidance First Quarter underlying sales slack, as i mentio