Annualized basis. Slightly less bad in the estimates. They do expect a contraction of more than 20 . Nonetheless, the nikkei up 2 . You looking at u. S. Jobless claims and payroll, adding urgency around stimulus in washington. The snp active futures in the u. S. Up 1 10 of 1 . The dollar still a big story in terms of the weakness. 6. 97 . Offshore at stronger data suggesting the economic recovery in China Remains on track your the bloomberg dollar index flat. This is what is happening with the dollaryen, flat essentially. The pound on a tear. Have a the boe that will meeting thursday and no action is expected. We will look at some of the commodities as well. 56,10 year yield below yelled at 55. Today we are expected to get details around a treasury in cash issuance and the economic recovery plans in the united states. Thats whats happening with oil at 43 a barrel, down 6 10 of 1 . Lets get to first word news with Karina Mitchell in new york. Karina global coronavirus cases have topped
So if you take a look at it youll see its more of a financial thing than in the oil situation. But surely note that month. B. S. E. Huge. Oil that is going to storage right now probably seen quite the bottom. Where we havent. Were going to. Beat oversupply situation with. Many months. I have to say in all seriousness that the collapse in oil prices is a danger for the Global Economy to be there certainly have plenty of oil. Also coming up another victim of the virus but there will be no drowning of tears in beer for 2020 the munich october fest is tapped out. Which is painful for us its a great pity because with many things this is not a normal year and this is. Were going to be the 1st. One to our viewers on p. B. S. In the United States and all around the world welcome we begin the day with the unexpected and unintended consequences of battling the coronavirus much about our world at the moment can be described as unexpected almost accidental who would have imagined just a few months
Seen quite the bottom of the oil yet to be aware we havent quite seen. Were going to. Be oversupply situation. Many months. I have to say in all seriousness that the collapse in oil prices is a danger for the Global Economy to. Certainly have plenty of oil. Also coming up another victim of the virus but there will be no drowning of tears in beer for 2020 the munich october fest is tapped out. Which is painful for us its a great pity because with many things this is not a normal year and this is something going to be a year with up to the 1st. And to our viewers on p. B. S. In the United States and all around the world welcome we begin the day with the unexpected and unintended consequences of battling the coronavirus much about our world at the moment can be described as unexpected almost accidental who would have imagined just a few months ago that we would all be living in lock downs working from home or losing our jobs altogether our world tonight requires a lot less fuel and energy
No demand. Already be a huge. Deal that is the story right now but we have probably seen quite the bottom or close to where we havent. Been going to be in this old beat oversupply situation. I have to say in all seriousness that the collapse in oil prices is a danger for the Global Economy. We certainly have played it would. Also coming up another victim of the virus but there will be no drowning of tears in beer for 2020 the munich october fest is tapped out. Which is painful for us its a great pity because with many things this is not a normal year and this is something. Be a year with us the 1st. And to our viewers on p. B. S. In the United States and all around the world welcome we begin the day with the unexpected and unintended consequences of battling the coronavirus much about our world at the moment can be described as unexpected almost accidental who would have imagined just a few months ago that we would all be living in lock downs working from home or losing our jobs altoge
No demand. B. S. The huge. Oil that is going to stories right now probably seen quite the bottom in. A where we havent quite seen. Were going to be in this old pete over supply situation. I have to say in all seriousness that the collapse in oil prices is a danger for the Global Economy. Certainly a playboy. Also coming up another victim of the virus but there will be no drowning of tears in beer for 2020 the munich october fest is tapped out. It is painful for us its a great pity because with many things this is not a normal year and this is something. Its the system. And to our viewers on p. B. S. In the United States and all around the world welcome we begin the day with the unexpected and unintended consequences of battling the coronavirus much about our world at the moment can be described as unexpected almost accidental who would have imagined just a few months ago that we would all be living in lock downs working from home or losing our jobs altogether our world tonight requires