Coronavirus cases and political tensions. The Trump Administration rejects beijings claims in the South China Sea, accusing it of bullying. The u. K. Is set to ban huawei from its 5g mobile network. The plan would mean British Companies need to remove huawei infrastructure by 2027. Welcome to the program, everybody. Lets check out the futures. Lots of moving parts in terms of the market action. Lots of geopolitics to talk about as well. We have futures pointing to the downside in europe. We have to play a little bit of catchup with the united states. Lets get to some of the breaking news out of the u. K. That is certainly going to be one of the focuses in our program. The u. K. Economy shrank by 19. 1 in the three months ending in may. Getting a three month figure. Main manufacturing production rising by 8. 4 . Somecoming out manufacturing facilities coming out of the Strict Lockdown measures, working out how to manufacture in the current environment with covid safe practices. Mayecono
Epicenter of the outbreak in the united states. Jobless and hungry the Pandemic Forces thousands in bangladesh to leave the capital and head back to their villages. And sport the house and the 2023 womens world cup will be announced later on thursday colombia goes against a joint Australia New Zealand bed as they all lied to stage the competition the 1st time. We begin with new developments in the global Aviation Industrys efforts to survive curing the coronavirus pandemic more than 40 Major Airlines have been forced to ground their entire fleets many have suspended more than 90 percent of their flights australias biggest carrier quantas today announcing 6000. We cut in a bid to lower costs as it fights to stay in operation germanys lufthansa the 2nd largest in europe has signed a deal to secure a 10000000000. 00 government rescue package but in the u. S. Where air travel demand has picked up a little since april the number of people passing through airports is still down by more than
The Commodity Currencies are doing well. The aussie is outperforming the u. S. Dollar. Brent crude now more than 35 a barrel, up by 8. 5 . Vonnie in the u. S. , a nice bounce this monday even as we head into the last half of may. It seemed like maybe there is some coming on, plenty of optimism. Including this new Moderna Vaccine going to trial phase. The nasdaq is up 2. 4 in the s p up 3 . All groups in the s p are higher. The biofarma index is the laggard, but still up 0. 8 . Below 29 right now, and one other asset to mention would be the offshore yuan much trading at 7. 123 five. A very distinct weakening as the rhetoric grants up again against china. Letst will be interest talk about what is happening in the european economy. We are awaiting a live feed from the german chancellor Angela Merkel and french president Emmanuel Macron, scheduled to speak to reporters this hour. This follows a videoconference between the two leaders. They are said to be discussing a coronaviruseuro recove
Announces he has canceled his Airline Investments and thats not all. Warren buffett revealed this weekend, which was nothing like you are seeing on the screen, it was a virtual Berkshire Hathaway Shareholder Meeting with just buffett and one other person on the stage. Our expert buffett panel is here to read between the lines of what buffett really said. Wall street, as we look at this, it has happened. A National Store chain has succumbed to the coronavirus. J. Crew filed for bankruptcy protection, leading us to ask whos next. Major Industry Groups are now banding together by asking congress to prevent another one from going bankrupt. One of the biggest retail lobbyists is here on why the trump tariffs must be suspended if retail is to survive. And as restaurants, oh, boy, we know how tough its been for them, across the country take baby steps to reopen, weve got one of the bestknown star chefs of the world here. Celebrity chef Rocco Despirito on how to put out the massive corona fire
A Syrian Civil War being his residence on the brink of a possible humanitarian disaster. Time coronavirus that is shut down rivers famous beaches but rubble surface conference just blew out of the way. Im phil gallo welcome to the program u. S. Senator Bernie Sanders has ended his bid for the Democratic Partys nomination in novembers president ial election is announcement clears the way for joe biden to challenge President Trump the 78 year old performed well in the early primaries but then fell behind biden who has built a substantial lead in the race for delegates. I wish i could give you better news but i think you know the truth and that is that we are now some 300 delegates behind Vice President biden and the past point victory is virtually impossible so while we are winning the ideological battle and while we are winning the support of so many young people and working people throughout the country i have concluded that this is for the democratic nomination will not be successful