We were effectively at the lower bound already, so that is coming in at 25 basis points. The Canadian Dollar was already weaker before this. It is weaker now by 1. 5 versus the u. S. Dollar. Lets take a look at where we stand markets wise. We knew after the retail sales data we would like to down, and we are. Awn 2. 4 for the s p 500, and move for the 10 year yield is well back down to 66 basis points. Crude oil has recovered ever so slightly. We were at the 19 handle for most of the morning. 42. Vix is back up to what is happening in europe, guy . Btp spread is widening out. It seems every nation for themselves. It seems there will be no mutualization of debt. Every sector is a negative territory right now. The banks and the oil stocks are the worst performers. You got a pound on offer, the dollar generally bid today. The market is looking for a little bit of safety today. Vonnie arent we all . Lets get you our first guest. We are delighted to be joined by joseph stiglitz, Columbia Un
Demand for fuel continues to collapse. U. S. Futures dropping below 20 a barrel. Bridgewater associates says the pandemic is more damaging than the financial crisis i decade ago. We hear from the cochairman, ray dalio, this hour. Shery here is how markets are trading at the moment. We are seeing stocks continue to gain ground for the third session. We continue to see Downside Pressure for u. S. Futures, which are down 0. 7 . Really accelerating those losses this evening. This after the s p 500 already sank from a onemonth high. We have seen earnings, Economic Data highlighting the impact of the coronavirus pandemic. Nikkei futures down 0. 4 . As we continue to see an appreciation in the japanese yen, which is now at a two week strength against the u. S. Dollar. When it comes to crude, prices rebounding a little bit after plunging to the lowest level in two decades after the record collapse in u. S. Fuel demand. In his daily coronavirus briefing, President Trump saying there are positiv
Youll be credited for the next time you fly so as a result of the pandemic airlines have had to cancel hundreds of flights every single day and in fact the t. S. A. Has reported that as of this past sunday only 122000 passengers were screened through all u. S. Airport security checkpoints and thats compared to 2400000 last year on the same date now the number of operating commercial flights down significantly a whopping 95 percent so whats no surprise that as Airline Companies continue hemorrhaging money passengers are seeking a refund for those canceled flights that were initially denied any cash back so thats why the department of transportation reached and demanded out to the airlines that they comply with passenger requests and give them back their money so its a rare step to see the government step in and tell big private companies how to treat customers until now and. Is this the new normal so are to your parent project has been taking a deeper dive into all of this apparent the
A state of emergency and warns of grave legal measures against anyone who undermines the fight against the pandemic. Arrested after being on the run for 25 years a bangladeshi military captain is to be executed of the assassination of the countrys founding leader. And the how much now have all the sporting kidding footballs governing body say theyll step in if clubs and players can almost solve the pay dispute issues caused by the coronavirus ban that. Now the 3 months after it was sealed off from the wall to hand has opened its doors again tens of thousands of people have been allowed to leave the chinese city which was once the epicenter of the coronavirus solid break but it remains under close watch with tight Health Restrictions in place avoid a 2nd wave of infections sarah clarke begins our coverage. Packed and ready for departure tens of thousands of people from the city of woo han are on the move after 76 days holed up in their home when i wasnt here when i planned to go home du
Coronavirus case fails to improve overnight. The u. K. Prime minister is still conscious but has received oxygen treatment dominic raab is deputized. Equities heading for their first backtoback games in two weeks. Futures pointing higher in the u. S. While oil rises ahead of thursdays opecplus meeting. Coronavirusthe maybe reaching a plateau in europe as cases slow across the continent. Italy could start ending its. Ockdown on a gradual basis just under an hour away from the start of cash trading in europe. A quick look at futures here. A gain in futures at the cash trade closed higher yesterday. Gains in u. S. Futures with the 0. 4 the dow s p up 0. 4 . Anna everybody still focused on what is going on with coronavirus globally. Cases are being handled and death rates. We need to get to the first word news update. Prime minister Boris Johnson is in intensive care. His Coronavirus Infection worsened. He had been selfisolating for 10 days, struggling to shake off covid19. Dominic raab is