Appreciate your comments, Opening Statements related to Nordstrom Team 2. I want to ask about that. We know it security, nordstrom 2 threatens European Energy security, increases russian monopoly over the region. This pipeline is a russian trap, strongly support the recent announcement aimed at stopping this dangerous pipeline. Congress is working to provide the administration with additional tools to prevent it from being completed. The last few weeks both the senate and house passed their own versions of the National Defense authorization act with sanctions. Could you talk about the administrations commitment to opposing the pipeline and applying sanctions against those companies aiding in the completion of this russian trap . Donald trump took it on that it was a threat, created enormous leverage for russia, and ukraine as well. We had good support from capitol hill and legislation that was appropriate to delay the project, we are prepared to use those tools. There were diplomatic c
Los angeles is closed. The employees have just said no. And the Magic Kingdom in disney world, they are attempting to open it, even with the virus in florida. When i am looking at the markets, without question, is the derisking going on . The u. S. Yields have really come in in the last 48 hours. Francine you reminded me in the last hour, there was a big move on u. K. Guild. Lets get to first word news with ritika gupta. Ritika good morning the coronavirus milestone keep piling up in the u. S. The number of new cases has climbed over 60,000 in one day for the first time, and texas, california, and florida, all with a Record Number of deaths. In new york city, large events that require permits like street fairs have been canceled through the end of september. The u. S. Is set to take the next step in a response over taxes on technology giants. Bloomberg learned the u. S. Will impose tariffs on up to 700 million in french goods including wine, cheese, and handbags. The duties would be de
Down jim, it was nice to hear becky give you props for the caution you have telegraphed in the past couple days. Watching your twitter feed it sounds like you are on alert for vying option at month end. You have could be cognizant of the fact that two days before july 4th the holiday are the two probably most strongest days in the entire year. I do think theres still too much froth you can watch nvidia today, there is a love affair with nvidia and the analysts which includes me. That one has to go up. The love for nvidia is so strong that you have to say, okay, that is your thats your bell cow here but i do think, again, that and, david, youve seen t there is that cohort of people who keep coming back to the airlines, keep coming back to the cruises, keep coming back to the tankers and those are the weakest part of the economy. It is, and for a reason you know the reason. I mean, look at the map, right thats really what you have to do at this point look at the map, jim weve been talkin
From the bloomberg terminal. A 2 trillion dollar wipeout. U. S. Equities see their worst rout in 12 weeks. Is there more to come . The precipice of disaster. Americas fourthlargest city but it may reimpose Steven Mnuchin says the country cannot close again. Plus, european banks close to Capital Requirements. Just under an hour away from the start of trading. Futureske a look at after the big drop we saw. Saw drops in asian stocks overnight. If you look at yesterdays cash a drop in the dax. 559 points. 559 point drop. In terms of u. S. Futures, we see a little bit of green on the screen. 1. 5 gains in s p and the dow. Can news on the u. K. Economy, lets get straight to that. The u. K. Economy shrank by 20. 4 . That is versus the previous month. Dropstimate had been for a of 18. 7 percent. 19 or so. It does show a stunning drop in output for the u. K. Economy during specifically the month of april. The u. K. Went into lockdown around the month of march. We are getting some other numbers
Lives. And we meet the woman who took it on herself to fill the gap of Much Required medical equipment in new york. Im joined again roscoe its sport as golf an n. F. L. Joining forces to raise money for corona virus relief tiger woods and Peyton Manning the tom brady and Phil Mickelson to generate more than 20000000. 00. They will be more evacuations this morning of russian mercenaries from the front lines of the battlefield in the libyan capital tripoli thats according to the un backed government the russians have been fighting on behalf of the warlord after against forces who backed the government with support from turkey after has been trying to capture the capital for almost 13 months now the mayor of bani walid confirmed the russians for the 1st group from an air base in the town on sunday 7 military planes were sent to retrieve the correspondent. Will join us live from the libyan capital in a moment 1st heres his latest report. These are the pictures of libyan media show russian