Chancellor of the u. K. On how he plans to ensure economic recovery from the pandemic. This is what the markets are , however,n, the virus it appears european stocks are climbing after promised renewed support for airlines. Shrugging offo be virus worries that were seen in the u. S. Markets and focusing actually on what is happening closer to home. The dollar is strengthening, treasuries edging higher, shares primed in japan and south korea on below average volumes. Now lets get to the bloomberg first word news, and wall street regulators are rolling back. Changes to the volcker rule means lenders will soon be able to boost investments in Venture Capital funds. They will also be able to pocket billions of dollars a set aside the backstock trades. Germany is prepared to strike back against the u. S. On nord stream 2. Chancellor Angela Merkel is looking for an eu response on the pipeline, designed to pump gas from russia to germany. May prompttervention a joint response. The u. S. House
Apple have shut a number of Stores Across the country. Microsoft shutting all of its Retail Stores today. Joining us break it down is Abigail Doolittle who has been following all of the action by a rough day for stocks. This virus is really starting to weigh on investors. What do you see . Abigail stocks are lower in the selling pressure never relented. We have stocks responding to data as it comes out with the big drop on the data from the u. S. The nasdaq and s p down. Confirming the risk off, the fact that haven bonds rallied once again. We will bring welcome to the picture. Investors want out of risk. This week, they are not tiptoeing, they are running out of these risk assets on fears , perhapsaps the virus this is the first wave. That it could hurt the u. S. Economy. Emily you have been talking about havens rising as stocks have been down. What would you point out . Abigail it feels as though this week is new in terms of this risk off. And wednesday, we had a big down day and a b
Mulan. Julia, you have a lot of color on this and i keep thinking back to when you brought bob on our show, and he talked act the challenges of reopening florida and california, but they have seen some change in that narrative. Yes, we just had disney say they going to delay the opening of the park. The decision was made after yesterday, the number of new indicatio indications peaked here in the u. S. Now the government is saying we cant tell you what the plan is going to be at i want to note that companies here in california were raising concerns saying they didnt think it would be necessarily safe to reopen the parks there was 17,000 employees saying they wanted him to reopen on opening the parks but business any really pointedd to the safety issues as a reason why theyre not moving forward, but look at the interview and the perspective on what it would take to reopen they have a long history of being really responsible we were the first group to close initially when covid first hit
Weekend, its going to be really hot, and were leading in to that heat today. Here is a live look outside in palo alto starting out with some clear skies. We wont see our usual start with the mostly cloudy sky. Were going to start it out clear and see those temperatures heat up. At noon were at 76 degrees there, and as we go hour by hour, all of our microclimates will have some pretty major warming going in to the afternoon, except for San Francisco. Were going to keep it cool there and along the coast while the inland areas reach into the mid 80s by early afternoon. So well get a closer look at all of our microclimates coming up. Mike, you have one issue affecting the bay bridge. Kari, the issue is that there are no major problems getting to the bay bridge, so everybodys getting here really quickly this morning, and so we have had a steady flow of traffic, even though it hasnt built up until the last five minutes where the fastrak lanes started to show the backup you saw live camera th
Yes, so this is William Wragg, the conservative mp, who says he met this person on the gay dating app grindr, and he handed over a number of mps phone numbers. He spoke to the times afterwards saying that he was very sorry, that he was mortified by it, but that he was scared because this person had compromising things on him. So there has been support, as you heard in helens report for William Wragg from senior mps within the Conservative Party who fear that he may have been a victim of this. There are questions, though, over hisjudgment in handing over those phone numbers, for a parliamentarian to do that when these numbers are clearly sensitive information, has been questioned by some mps, including within the Conservative Party, but William Wragg told the times that he was mortified and frankly he felt scared because this person that he had met initially on the dating app grindr had Compromising Material on him. Well, to that point, when it comes to Compromising Material, what does