Market. Three year and 10 year bond options coming in superstrong. Watch how that winds up performing. Time now for todays top market moving news from our new york team and washington team. We want to begin with economic the u. K. Economy shrinking on the 6 in march. Predicting what could be its deepest contraction in more than three centuries. Bloombergs Michael Mckee has more. Michael ask not for whom the bell tolls. It is the u. K. This time. Just one week under lockdown was still enough for a 2 contraction during the first quarter. As you mentioned, a 6 contraction during the month of march. Britain plunging into what may be its worst depression or recession, at least, since 300 years ago. Three centuries, according to those who have been figuring out. Tourism fell by 46 , air transport down 44 . Engine ofpending, the the economy, down 1. 7 in the first quarter, the largest drop since the financial crisis. We got data from the British Retail Consortium saying total sales down 19. 1
On the chin. Again what the experts sort of give they can taketh away. When Jerome Powell talked about the fact even with the flood of stimulus weve already seen, good idea to see more stimulus. He didnt put a dollar figure behind it. The Federal Reserve has spent trillions backing up businesses and banks by buying treasury bonds, corporate backed securities, etfs, and to back up corporate paper. That is unusual, in this particular case unprecedented. He seems to signal we are not out of this by any means. These delays in openings here as we heard new york metropolitan area, broadway doesnt do anything until at least labor day. People add up, lets push stocks down. Now there is good news though. We always want to posit that. Favorable developments on the new york state area, new york city to the point and new york area hospitalization as key level looked at closely continuing a decline has been better than two weeks. Anyway, we have David Lee Miller following all of those new yorkrelat
Restrictions thousands called for and to lock down. The next price are welcome to the program the been this league is the 1st major European Football League to resume play this weekend after a 2 month break due to the coronavirus pandemic all eyes were on the derby as opposed to dortmund found shell at home without any fans in the stadium this doesnt look a sound like you usually been to see that game but whats your thought on playing shaka in front of an empty stadium due to the corona virus pandemic players who didnt start had to wear masks and keep their distance. But whats not unusual is some of each machine Erling Holland scoring goals and 1900 groped a deadlock in the 26th minute for his 10th each goal of the season and it was a muted celebration with play as unable to embrace one and not out of. But there was no stopping 2 at mont just before the break they made it to nil thanks to laugh i am sure. And it all started with this nifty pass from union until. The 1st half was one to
Justin trudeau, canadas Prime Minister and americas sexy upstairs neighbor. As canada continues its battle against coronavirus, trudeau has decided to become a little more hands on. Kids might be struggling a little bit with homework but if they need a little help, theres somebody whos ready to step in. Hey kids, i know were all going through a difficult time right now and its not made any easier by the fact that you have to do your homework around the kitchen table. Well, as a teacher, i want to help. If youve encountered challenges or problems that are really tough and you need a little extra help with, why dont you reach out by responding to this message or using the hashtag. Trevor okay, this is just adorable. Justin trudeau is going to help canadian kids with their homework. This is the sort of thing you can only get away with if youre Prime Minister because any other dude offering kids help on the internet, yeah, theyre just getting a visit from the cops. I really hope that he st
In to turn sunny areas into partly sunny. The rain is hit and miss toward mendocino county, lake county, there still some sudden forecast, highs upper 60s, 70s toward san jose in the santa clara valley, showers north, north of the golden gate, 40s, 50s, san jose 52, San Francisco 53, look for that low to continue to file in moisture but the bulk is going toward of the golden gate and last to the south. 60s and 70s, way below for santa rosa but close percent is a. Last i heard things were okay is that the case there sir . Yeah, they are, we do have a nicelooking drive around the bay area, ill see what i can punch appear to show you. It looks like 101 in san jose is a good commute if you are driving on northbound 101 coming up through san jose, if you are driving on northbound 280 it looks very good. San mateo bridge seems better with more crowded earlier and right now on interstate 880 is off to a good start. It 7 02 lets go back to the headlines. Restaurants in california still dont kn