First time in years. And the fed the ecb cuts funding costs. Boris johnson pledges a lockdown exit plan. Welcome to daybreak era. As we head into may, how about these markets . 1987. St month since u. S. Equities. U. S. Jobless claims yesterday, the you want to focus on the unemployed or the fact that the claims have been decelerating for four weeks. We saw a red on the screen yesterday. More than 1 . Own a lot of markets closed. In asia, japan is open. Read on the screen for japan. Many are closed but ftse futures points to a down day. Risk off across the markets. Dollar strength coming through on the bloomberg dollar index. Oil is an outlier in terms of the risk picture heading for a monthly gain. Coronavirus,o the u. S. Coronavirus cases recorded the slowest daily increase for the month of april. Resident donald trump will theel to camp david for first time leaving the white house compound for more than a month. The president is preparing to resume travel and reopen the economy. Yor
Dollaryen pushing a bit higher. You are also looking at the 10 year going no real place, and oil trying to stabilize as earnings continue to rollout. Honeywell the latest, suspending their fullyear guidance. Time for todays market moving news from new york and washington. Lets start with earnings. We are about halfway through the seasons. Oil giant chevron out this morning, cutting capex for the second time at about five weeks, warning profits will suffer. Bloombergs Annmarie Hordern has more. Annmarie thats right, that capex headline is really the one to take away from chevron. Clearly, they are doing what they can to save cash. The original plan before they cut earlier was for 20 billion. 14 billion is roughly where chevron has been spending over the past three years or so. Dividends has been a big topic for the oil company. Sayingre now they are they are doing everything they can to protect it. In just going to be out under 30 minutes. They said they are going to freeze it. One thin
American economy to a halt, suddenly. There may have been a shock that precipitated it. It still unfolded over an extended period of time where you could see it coming. This happened all at once. You have this huge shock to the system. That has led congress to say that we need to do something of a skill we have not done before. Now, the democrats in congress and republicans in congress and white house are all negotiating. Ofy want to do the same set things. There is an argument about the detail and the scale. For instance, the administration came out with a proposal that would, among other things, would give checks to every family. They wanted to do it with 1200 for each adult and 500 for each child. An just a one off of infusion of cash. Democrats wanted to do something much larger. They were talking about 2000 for each donor, maybe 2500 and doing it repeatedly over the course of however long this recession lasts. There is also a big question about unemployment insurance. You will hav
Worldwide, the confirmed cases at 260,000. That is our starting point on this sunday morning. The ap has this headline, the week america changed. How has your life changed over the last week to 10 days and what you expect moving forward . Numbers,the phone 202 7488000 in the eastern and pacific time zones. Central and mountain, 202 7488001. Medical professionals, you can call in on 202 7488002. Send us a tweet or send us a text message at 202 7488002 at 202 7488003. Be sure to tell us your first name and where you are texting from. The number of coronavirus cases continues to increase world wide in the Associated Press has a headline thought would be a good jumping off point of this sunday morning. It has been a week that has changed all of our lives directly or indirectly, one way or the other. The week that america changed, we want to hear from you and tell us how your life has changed. From the ap, there is this that from the Associated Press. Our phone lines are divided regionally
You have this huge shock to the system. That has led congress to say that we need to do something of a skill we have not done before. Now, the democrats in congress and republicans in congress and white house are all negotiating. Ofy want to do the same set things. There is an argument about the detail and the scale. For instance, the administration came out with a proposal that would, among other things, would give checks to every family. They wanted to do it with 1200 for each adult and 500 for each child. An just a one off of infusion of cash. Democrats wanted to do something much larger. They were talking about 2000 for each donor, maybe 2500 and doing it repeatedly over the course of however long this recession lasts. There is also a big question about unemployment insurance. You will have this gigantic infusion of people needing unemployment. It is already happening. And so, that is something the democrats have been pushing for. We need to put a large amount of money into the une