Hitting stocks. Wall street falls as the virus weakens the recovery. S p slipping, led by energy, financials, and industrials. Lets get started with a check of the markets. We are seeing u. S. Futures flat, after we had a solid risk off session in new york. We had a resurgence in virus cases and news the white house is weighing tariffs on european exports. We have the imf downgrade of the 2020 Global Economic forecast, so the s p 500 saw its largest fall in almost two weeks. All 11 sectors on the s p 500 sank. The nasdaq composite falling for the first time in nine sessions, down more than 2 , halting the longest winning streak of the year. This, as we continue to get more political news on how the coronavirus pandemic could affect the political schedule Going Forward towards the november elections. Democrats, saying state delegations shouldnt attend a convention. Saying they should work remotely. Pressure coming not only from the fragile economic recovery that also u. S. Crude invento
Good evening, everyone. This is bloomberg surveillance. I am Francine Lacqua working from home. The focus on the World Health Organization, also on the easing of lockdown and oil. After that historic agreement on sunday between opecplus, now also involving europe, we have report. They say the oil storage filling up demand is dropping. That exceeds opec cuts. They are expecting oil demand to fall by a record 9. 3 billion Barrels Per Day year on year in 2020. Brent extending declines. The concern that a lot of markets are pursue Market Participants had is that if opec is cutting production, it also has to match demand. This is what the iea is saying. That demanded drop is exceeding opecplus cuts. It seems that despite the cuts, the iea is still expecting a glut or surplus. Lets get straight to the bloomberg first word news. Here is viviana hurtado. We begin with president donald trump. He is suspending u. S. Funding for the World Health Organization and reviewing its response to the coro
From trevors couch in new york city to your couch somewhere in the show, this is the daily social distancing show with trevor noah. Before we get into the latest headlines, lets kick it off with some good news, in our new segment ray of sunshine. All right, first up is news out of india. So many people are quarantined in their homes that for the first time in a long time, you can actually see the real color sky in some of the most heavily polluted areas of new delhi. There was smog every single day. And one of the images was this one, which shows the before and after of 1. 3 billion people staying at home. Thats amazing. Just look how beautiful new delhi is without pollution. It looks like the city went on queer eye. Youve been hiding yourself under so many layers of smog. Let your true self shine, girl. I mean, goddamn, those are some blue skies. I bet india forgot there was a time when skies werent gray like how america forgets there was a time when president s werent orange. They us
Oh, cupid me, thats enough okay, thats it, cupid me thats it thats it, cupid me. Okay, thats it. Thats it, cupid me. Aww. Trevor whats going on, everybody. Trevor noah here. Welcome to another episode of the daily social distancing show. So were on day 22 of staying at home to prevent the spread of the corona virus. And heres your quarantine tip of the day if you wear your underwear over your pants, they stay cleaner for longer. Eight days and counting, baby anyway, on tonights episode the coronavirus is making pandas horny. We pick trumps best word of all time. And why voting is turning into an extreme sport. So lets get into it. Welcome to the daily social interesting show. From trevors couch in new york city to your couch somewhere in the show, this is the daily social distancing show with trevor noah. Before we get into the latest headlines, lets kick it off with some good news, in our new segment ray of sunshine. All right, first up is news out of india. So many people are quarant
All right, first up is news out of india. So many people are quarantined in their homes that for the first time in a long time, you can actually see the real color sky in some of the most heavily polluted areas of new delhi. There was smog every single day. And one of the images was this one, which shows the before and after of 1. 3 billion people staying at home. Thats amazing. Just look how beautiful new delhi is without pollution. It looks like the city went on queer eye. Youve been hiding yourself under so many layers of smog. Let your true self shine, girl. I mean, goddamn, those are some blue skies. I bet india forgot there was a time when skies werent gray like how america forgets there was a time when president s werent orange. They used to be brown. Heres some good news coming out of hong kong. A zoo, which has been trying unsuccessfully to get its pandas to mate for 10 years, reported that finally yesterday, the pandas spontaneously started having sex. And the researchers say