A disservice. Much too soon. One day is today how far future. D. W. Dot com for their service for the multimedia. Could cut or. Even. High hopes of an economic recovery all streets rally spills into a new week Energy Stocks sold with Oil Producing nations agreeing to extend their output cuts well cross to our correspondent in new york. Travels call of paul because Industry Leaders are up in arms they say britains new car jane rules for arrivals could see the economy back even further mind the gap. And more frequent droughts heat germany a lush part of europe goes dry again this summer stocking farmers to start installing irrigation for the 1st time. I think physical and lets do Business Global equity markets looking good trade is betting on a fast economic recovery from the great lock down and the time will tell. Use for the business well the Big Oil Producers have agreed to extend recalled cuts the Oil Production deal is historic. For the 1st time since the founding of opec countries
We are thrilled you are with us on Bloomberg Radio across this nation and worldwide, and on Bloomberg Television as well, and on a friday as we leap into june. We are looking at any number of topics. One of the great things we know is the twitter uproar, and then the tragedy we see in minneapolis, and then china front and center. President s press conference, believed to be this afternoon. Jonathan and what is the focus of that News Conference going to be . It is going to be it is supposed to be on china, but i imagine we get distracted by domestic issues quickly. We have rebuilt this Risk Appetite in the more cyclical areas of this market in the last couple of weeks. It comes at a time when tension between china and the United States is building. I think that is a really interesting compare and contrast are that 60 minutes. Tom for our global wall street audience on television, on radio, theres no question it is a reset for june. Many people thought this pandemic would be over in june
For the first time in three months. It has just gone 6 00 a. M. In london, 7 00 a. M. In paris, 9 00 a. M. In dubai. Who do you believe . Larry says there will be a 20 upsurge in the United States going into the second half of the year. Morgan stanley says we will have a short, sharp recession. A vshaped recovery on the way . It is reminiscent of the great brexit bubble that many people wrote about but never lived. Our next guest talks about risk on, risk off. We will talk about the markets in a moment. Did you have a good weekend . Nejra i did. We can go out shopping again to nonessential shops in the u. K. I personally will not be rushing out. Last week was definitely gay risk off week. Was definitely a risk off week. Andrew shaw thinks that investors should position as such, that stocks and credit will be marginally higher and tighter. Looking at cyclical and value stocks. Wells fargo and ing are among those also seeing the selloff as temporary. Read on the screen in asian equities.
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
Oh. My god says my. Seat for the brushing so. Steep. So many different acts of life some are bumping. Along. Comes straight from the heart. And turning from birth to death starts june 18th d. W. High hopes of an economic recovery all streets rally spills into a new week Energy Stocks with Oil Producing nations agreeing to extend their output cuts well cross to our correspondent in new york. Travels call of Industry Leaders are up in arms they say britains new quarantine rules for arrivals could set the economy back even further mind the gap. And more frequent droughts hit germany a large part of europe goes dry again this summer sparking promise to start installing irrigation for the 1st time. Ive paid for all and lets do Business Global equity markets looking good traders are betting on a fast economic recovery from the great lock down only time will tell. Use for the Business World the Big Oil Producers have agreed to extend recalled cuts the Oil Production deal is historic. For the