Global deaths from the coronavirus reach 300,000. While cases continue to fall in europe and the u. S. , alarm is growing in asia over a potential second wave of infection. Stocks and futures gain even as data from china shows a slower return to normal than hoped. Focus turns to german gdp numbers. In just two hours. Looking for a drop of 3 in the first quarter. Sanofil macrons berates for suggesting the u. S. May have hurt access to a vaccine. The frenchetween president and the drugmakers ceo is scheduled for next week. Just under an hour away from the start of cash equity trading in europe, lets take a look at futures. Gains of 1 acrosstheboard. A rough dayhave yesterday in european stocks. Closing down 2 . Then a turnaround in u. S. Stocks. That has now rolled around in asia and that market optimism is prevalent in european futures. Not been u. S. Futures. Little change. Anna . Anna a little bit of breaking news. In london, this would be of some relevance. System, aand transit fundi
Earnings from continuing operations was just 0. 10. Terrible numbers from certain sectors. Iously, retail search obviously, retail front and center. Market, kind of a mixed bag. Terrible data, yet equities tried to stage a rally earlier. Now futures flipping into more negative territory. Definitely the eurodollar and dollaryen are two to watch today. The yen was significantly higher thats butt all dies all eyes really on retail data later. Lets get some more market moving news from our new york and brussels teams. We want to start in the u. S. , where we are expecting more of that dire economic data. Many nonessential stores are closed. We also get Industrial Production. Michael mckee, International Policy and economics correspondent, joins us now. Michael i will give you guidance for the year, dismal. It is only a question of how bad they are going to be. Retail shrank by 8. 7 in march, when things were just getting started. In april, americans spent all of the time at home, not going
What happens after yesterdays big move the dow down yesterday by 2. 1 the dows worst performance going back to may 1. A lot of this was happening as we were getting comments not only from Stan Drunkenmiller and dave tepper talking about his concerns about this being the second most overvalued market he had ever seen. Comments from fed chairman jay powell all of those things adding up saying what do we need to worry about and where do we need to be concerned . Watching the treasury markets, you will see the yield for the 10year right around 0. 61 so that is with a little more pressure. Watching wti this morning, you will see that is up about 5 i think it is 2r5iding near session highs of 26 a barrel. Andrew thank you. Every day, we have a huge show another big one this morning what is on the lineup this morning. The ceo of verizon, New York Times, mohammad eleran to join us and eric schmidt who will be working with the governor of new york states and work places looking to him and that
And now on american tv, we continue our special series on speech that defined a presidency this week a look at the 863 gettysburg address. Now it was only 3 minutes in length, but it proclaimed a new birth of freedom and defined Abraham Lincolns legacy in so many ways youll. Hear an actor read the entire address and thats by a discussion on its historical significance. This begins now for a score and seven years ago our fathers brought forth upon this continent a new nation conceived in liberty and dedicated to the proposition that all men are created equal. Now we are engaged in a great civil war testing whether that nation or any nation so conceived and so dedicated can long endure. We are met on a great battlefield that war. We have to dedicate a portion of that as a final resting place for those who here gave their lives that that nation might live. It is altogether fitting and proper that we should do this. But in a larger sense we cannot dedicate. We cannot consecrate. We cannot
Communications. Charters proud to be recognized as one of the best internet providers. Were just getting started. Building 100,000 miles of new infrastructure to reach those who need it most. Charter communications, along with these Television Companies, supports cspan 2 as a public service. Now, on American History tv, we continue our special series on speeches that define a presidency. Y this week, a look at the 1863 gettysburg address. Now, it was only three minutes and length, it proclaimed a new birth of freedom that to find Abraham Lincolns legacy in so many ways. Youll hear an actor read the entire gettysburg address. That is followed by a discussion on its historical significance. This begins now. Four score and seven years ago, our fathers brought forth on this continent, a new nation, conceived in liberty and dedicated to the proposition that all men are created equal. Now, we are engaged in a great civil war. Testing whether that nation or any nation so conceived and so dedi