Ad the u. K. Is to planning custom regime at its border. Michael is expected to rule out extending the brexit transition period today. Welcome to daybreak europe. We saw quite a drop, the stop and 12 weeks in the s p 500, declines of almost 6 . Somehow they are saying it will be normal. You see consolidation, gain in futures following a drop like that. Whats it about jay powell . Was it concerns about a second wave . Or was it because of bullish positioning and sentiment getting a little too stretched . Whatever it was, youre seeing the selloff continue in asia today, about 1 or more in u. S. Futures. The european futures firmly in the red. We saw some Dollar Strength in yesterdays session, which speaks to studying somewhat today, a drop of almost six basis points in the 10 year treasury yield. We move up 2. 5 today, and oil set for his first weekly drop since april, being swept up in those second wave fears. As i was saying, he was stocks saw their worst selloff since march, with almo
Suffering. The fed will use the full range of tools. Powell also saying that the actions are only part of a broader response. Powell also saying that the scope and speed of the downturn is without precedent. Andill hear from jay powell treasury secretary steven mnuchin, two people who right now appear to be working relatively handinhand. It is a big part of the reason why you are seeing risk assets rise as much as they have on a day like today. Moderna that a vaccine might be in the cards. Taylor i think the key takeaway is, yes, the market could be trading on economic data. There, but for the majority, this has been a health crisis. The markets were really hoping for a vaccine. It could be sooner than expected. We know that it also has the potential to not go through. All of the vaccines, the testing, that is really what has been driving these markets. When you see Something Like 900 points off of one study about potential vaccines, certainly ,omething that catches our eye a very big
Throws its weight behind the World Health Organization and says any vaccine success will be shared by all. President xi says cooperation is vital. It was really this help vaccine help on this vaccine obnoxious safety but also the immune response effort to see vaccine that really de u. S. Stocks higher. We did have the s p gaining more than 3 . U. S. Stocks surging the most in six weeks on the promising early results. That has led to a pretty steady sense of positivity. We are seeing u. S. Futures as well as trading in new zealand. Australian futures among one of the asian features that are trading up by over 2 . In fact, the highest since march 11. We are seeing highs for hong kong and japan futures going into the start of trading in asia. Lets get more on china. Xi jinping is promising to make any Coronavirus Vaccine universally available once it is developed. This as he reiterated beijings support for the World Health Organization. The pledge is part of efforts to defuse criticism of
A complete lockdown following a surge in the number of covert 19 cases and the wilds west humanitarian crisis the u. N. Calls for an immediate truce in yemen 5 years after a Saudi Led Coalition started the war. On bumpy disturber to do sporty trillion officials believe a Champions League football match could be courtly responsible for the spread of coronavirus in one of the oldest cities well hear from. People who gave 0. Now the European Unions chief says the coronavirus is too big for any one country to handle alone the comments from us live on the land come as spain and france struggle to cope with another surge in cases the e. U. Is calling for unity saying that saving lives has to remain the top priority now spain has had more. More than 600. 00 deaths in just 24 hours g. 20 leaders are holding a meeting through a Video Conference in order to step up the fight to contain the spread of the virus and despite the u. S. Senate approving a 2 trillion dollars package unemployment has no
Fake signatures in crucial documents. From moscow youre watching our teams and. Today welcome to the program. That you use Border Agency is on high alert after more than 130000 Asylum Seekers made their way into greece from turkey it all stems from an intensification of the fighting in syrias province which led turkey to claim it could no longer accommodate the millions of refugees its been sheltering and so open its borders with the e. U. One closely watched Border Crossing. Well im here in the greek border town of cast in the areas where you can see the Border Crossing is essentially calm at the moment but weve been told by the authorities here that in the 24 hours up to 6 am more than 5000 Illegal Migrants try to cross the border they were stopped by the greek Border Control forces who say that the majority of those who were trying to cross over from turkey were from afghanistan bangladesh morocco and pakistan they say 45 were arrested theyve either been sent to Detention Centers or