Who have paychecks. People do not right now, which brings us to the second big issue, which is Unemployment Insurance benefits. A gut instinct is we will see two month extension of the current Unemployment Insurance booster payments such as 600 a week through september 1. The alternative is we cut it to 400 a week, but extended for a longer duration, say through year end. Referenced achin technical correction needing to be made. This is far from a technical correction. This is a deepseated issue of disagreement between democrats and republicans. I would say this is the biggest sticking point. The way it will get resolved it to throw money at the problem. To that end we have shifted up our expectations of the overall scale and scope of the bill. The last time we spoke i was expecting a 1. 5 trillion package. Now our base case is 1. 5 trillion to 2 trillion. The further that rises, the more generous the Unemployment Benefits will be. You can see potential spending directly on certain sec
We are thrilled you are with us on Bloomberg Radio across this nation and worldwide, and on Bloomberg Television as well, and on a friday as we leap into june. We are looking at any number of topics. One of the great things we know is the twitter uproar, and then the tragedy we see in minneapolis, and then china front and center. President s press conference, believed to be this afternoon. Jonathan and what is the focus of that News Conference going to be . It is going to be it is supposed to be on china, but i imagine we get distracted by domestic issues quickly. We have rebuilt this Risk Appetite in the more cyclical areas of this market in the last couple of weeks. It comes at a time when tension between china and the United States is building. I think that is a really interesting compare and contrast are that 60 minutes. Tom for our global wall street audience on television, on radio, theres no question it is a reset for june. Many people thought this pandemic would be over in june
Walking in lockstep as the ecb ramps up with Pandemic Purchase Program and germany injects big money into its economy. Asian stocks and futures throw caution to the wind, setting up for a positive end to the week here in europe. The euro holds flat on its longest run since 2004. Lufthansa is set to be kicked out of the dax after a 32 years day. It will be replaced by deutsches on the 22nd of june. Just under one hour away from the start of cash equity trading in europe. Lets take a look at how futures are trading. If we do have gains today, it is going to be four out of five. Euro stoxx 50s up one point 1. 2 5 . Ftse futures gaining 1 this morning. Take a look at what is going on in terms of u. S. Trade. We see on the s p, the dow, and the nasdaq, all gains. Just about 1 for dow jones futures. The leader among the three benchmarks. What do you see on the gmm . Anna let me just tell you what is coming through in terms of breaking news this hour. Just while you are talking, we have a hea
Firmly above 1. 7 . Andrew thank you. We have a crazy big show for you this morning lets just tell you about the lineup among the highlights, we have author ben measurer. Former of ceo of airlines. First Television Interview with the ceo wework in the midst of all of this big questions. Ceo of General Mills and then someone who never holds his tong, venture capitalist and investor coming up in the next three hours. We are going to do it. History in the making today. Central bank will begin buying etfs their Corporate Bond etfs but the First Time Ever. The idea is to be able to direct the money into the credit markets faster than by buying bonds. Reporting that the purchase about 250 billion of the feds 750 billion program inching closer and closer to stock etfs. Probably not a health of a buy on this buy owe tech etf we cant make that leap, right guys when you read this, werent you like, etfs it is not that favre a jump once i read it, instead of this bond, that bond, lets do it i unde
Global virus infections tops 2. 5 million with more than 175,000 deaths. U. S. Cases climbed 5 . Their biggest increase since april 10. Its get you started when it comes to the state of trading in asia. We are setting up for this wednesdays session. Sophie kamaruddin in hong kong for us. Sophie we are seeing mckay futures edge slightly higher with s p eminis expecting more eruptions in the region after asia was led lower by india on tuesday. Earnings adding to that drag. The yen just Holding Steady in the face of a stronger dollar, which is trading at a twoweek high and gold just resuming gains with spot prices up 11 this year and bank of america is bullish on bullion, raising its cold 18 month target to 3000 an ounce. Moving onto oil now, wti for june back above 13 a barrel after slipping below 10 in the new york session, which was pricing weakness in the front month contract. They are allowing for negative options to be lifted from april 22. We are seeing the Oil Forward Curve shifti