Caller there are many many millions who are not coming back and some Small Businesses that are struggling an advantage. Airbus flies after boeing sees deliveries drop to the lowest level in six years from from the iata director later in the show. And swinging to the first ever quarterly losses as the lockdowns hit sales. But stores will reopen in most markets in june as it bisdishest a bonus dividend a warm welcome to street signs. Lets kick off with the fresh outlook from the oecd coming out now seeing negative growth of negative 6 and negative if a second corona outbreak occurs. The euro area gdp is forecast at negative 9. 1 in 2020 negative 9. 5 if a second outbreak occurs and the uk negative 11. 5 and negative 14 next year if another outbreak occurs. They have presented two scenarios. One where the virus continues to recede and one where a rapid contagious continues through 2020 and looking at what would happen let me run you through these for 2020 global gdp seen down negative. 6
Story. It has come an awful long way awfully quickly. Still do not know how this saga ends. Coming up later in the hour, we will be doing more on wirecard. We will also be covering what is happening in europe in terms of the political story as well. We are going to be talking to brian chesky, airbnb cofounder and ceo. We will get more on the reopening and how that is affecting his business. Looking forward to hearing from him. Stocks continue to climb. Lets talk about that. Alix yes. As we reopen, the question becomes, which country did it right . Which country is going to get the biggest boost if we get a vshaped recovery . Is it going to be the u. S. Or europe . Over the last month, the dollar in the u. S. Has been outperforming. But now what . Us, our guest who downgraded the u. S. And a good in the euro zone because of the covid19 response. Walk me through the thesis. Thank you very much. Very good to be with you. The thing we are trying to the last here is for decade, investors ha
Something a little askew with the data. Consumer confidence coming in a little shy of expectations at 86. 6, down from 86. 9 in april, and a little lower than economists were looking for at 87. We will get to that data and what it all means for the economy. This is all still coronavirus data, and how much you can read into it is still in question. The first trading day in the united states, the s p up 1. 8 . Doing and leisure stocks well. The dollar index just a little like today a little light today. Crudee strong dollar, and oil is up 3 . Matt i almost want to ask how many years it took you to say leisure rather than leisure, but we will save that for later. Today. Big rally the dax adding another 100 points after a 370 point addition yesterday. To 11,500 as the stoxx 600, the broader european benchmark, get back to levels we havent seen since the very beginning of march. I think both of these indexes are back to levels we last saw march 6. In the pound, big rally against the dollar
Airlines the european budget choir easyjet cutting 4500. 00 jobs as a 3rd of its workforce and its not the only carrier suffering in the coronavirus pandemic and the jury is still out on whether it really works but some south african farmers say warm would help against the spanish flu a century ago and they say you can beat the cold war on a virus today. Im gone to our viewers on p. B. S. In the United States and all around the world at welcome we start tonight in the u. S. Where the city of minneapolis has been shaken by a 2nd day of angry demonstrations and looting following the death of a black man in Police Custody the mayor of the city in the state of minnesota has. Asked the governor to send in the National Guard hes also called for criminal charges to be filed against the officer who was seen kneeling on George Floyds neck the u. S. Department of justice says it has launched an investigation. Minneapolis is a city on fire and outpouring of rage over the death of a black man at t
A black man in Police Custody minneapolis has seen a 2nd night of demonstrations of looting protesters say theyre angry over the death of george floor he died shortly after Police Arrested him on monday and condemnation of china after it approves a new security law in hong kong the decision is likely to further inflame tensions in the territory where protests escalate this week. Im for golf its good to have you with us u. S. President donald trump has signed an executive order that could make social Media Companies legally liable for what users say on their platforms at the moment platforms such as things book and twitter cannot be held accountable for user generated content. Trump signed the order after twitter fact checked his tweets about mail in voting earlier this week trump accuses twitter of trying to stifle free speech and to influence the outcome of this years president ial election twitter says the tweets had violated its rules on what it calls the keys social issue of voting