The former California Attorney general because the first africanamerican woman and first south Asian American woman on the ticket. Big revamp. They will exit all noneuropean Corporate Banking activity, and they forecast longlost loanloss provisions at 3 billion euros for the year. We will speak with the cfo of abn amro. Let me get to some of the breaking news we are getting here from the u. K. We have u. K. Gdp numbers coming through. We are looking for the month of june and for the quarterly figure. We have seen a rebound in the month of june at a. 7 . That was 8. 7 . That was ahead of the estimates. Thats the rebound for june. A rebound was expected. Quarter coming in at 20. 4 . That was with an estimate of around 21 . If you look at the year on your number, its similar. Its the extent of the losses that we saw in terms of Economic Activity in the Second Quarter. We look at things for a year on your number. Officially what we already knew because of the u. K. In the session. Saw the
Myriad of things, hard to believe that congress is not going to get on and vote down any of those dynamics. But its got to be a series of things. It is not one silver bullet. I think they will do something. On the regulatory front, the banks in this country are in great shape. They have capacity. They have the wherewithal, the capital and liquidity to not exacerbate the problem what they have in past cycles, where they are piling on. I think theres room to continue to deregulate them and allow them support. Isolation is really key, and wiley country like singapore or china can do this effectively, how they can do it in the United States will be absolutely key. Jonathan acid a new discussion. Fascinating discussion. Great to see you. Lets get you some price action in this equity market. 32 minutes into the session, the equity market is down hard by 2. 87 . A wildbond market, just move on the 10 year treasury. That yield coming in at 21 basis points. The 30 year down by 29 basis points.
As the stock plummets 11 and is now at just 10. 35, american is also offering voluntary buyouts to employees. That leads to this question. Are we looking at a Global Travel depression . The ceos of hilton, United Airlines and Royal Caribbean cruise lines all sit on the board of one Organization Called the world travel and Tourism Council. The ceo of that council is live in a fox business exclusive from london, where the famed tube, londons underground subway, is now closing down stations. Will london lock down and what does the future hold for travel . Despite americas troubles, the markets are bouncing back from yesterdays selloff. Weve got another volatile session. At one point, down 721 points at the low, the dow has now swung more than 1200 points, currently we see gains of 237 points. The s p climbing higher by 30. The nasdaq is up 254. Plus we are going to speak to the nations largest Medical Transport company about how it is preparing to move coronavirus patients from one place
Stand by. A blizzard, rain, and high winds. A winter storm is on the move and Holiday Travel potentially could be taking a big hit. Information you need to know. And a new hollywood film about the hunt for Osama Bin Laden is getting a terrible review from three United States senators. Im wolf blitzer. Youre in the situation room. Right now, the house of representatives is getting closer to a showdown vote on the House Speakers plan to avoid that socalled fiscal cliff. Its a high stakes bargaining chip in the negotiations with president obama and it comes only 12 days before automatic tax hikes and spending cuts go into effect. That could take a painful toll on the u. S. Economy. Lets go to capitol hill. Our senior Congressional Correspondent dana bash is standing by with the latest. Dana . Reporter well, wolf, the vote that the speaker calls plan b is about an hour away. Were told that Republican Leaders at this hour are still twisting arms, republican arms to make sure that this passe
I think it is surprising and concerning that we are not doing any of it at all when we have just four weeks before we get to the stage that italy is at. The latest advice is for anyone with a new, persistent cough or High Temperature to self isolate for seven days. Youre watching bbc newsroom live. Its midday and these the spread of the virus are the main stories. Continues to cause big swings on Global Stock Markets. The premier league and English Football League will suspend european markets have rebounded all matches until the 3rd of april slightly, after tumbling yesterday over fears of a global recession. At the earliest as the coronavirus spreads. All Football Games in scotland have also been suspended until further notice. The canadian Prime Ministers wife tests positive for coronavirus. Justin trudeau says he has no symptoms but will the government defends its approach self isolate for m days. To slowing the spread of the coronavirus, as new official measures come into place. A