Francine theres a different term people who are in lockdown in the u. K. And other parts, people being bored. The different tone from people in charge saying we are trying to keep you safe. We dont exactly know when we can reopen or how much. It is a great experiment. If you look at italy, france and germany, do you reopen automotive first . It is going to be a delicate situation. We will have to see one data time. As i speak to you about optimism, just outside my window beneath me next to mount sinai on fifth avenue, the drone of sirens. We begin in new york. May 15 is the date the state could be reopening. Governor cuomo laying out a plan that starts with construction and manufacturing. He said it would probably begin upstate before moving down south to the city. Yesterday, the state reporting 367 deaths, the lowest number in almost a month. U. K. , Prime Minister Boris Johnson back at work. Johnson recovering from coronavirus. In his first public statement, he urged people not to gi
Extraordinary. The underlying reasons why is very clear. We are up to our eyeballs in oil, at that means the price goes down. We have some terrific perspective today on oil. Too much oil, not enough storage. We will have plenty more on oil and we will try to figure out whether this could happen to another part of the market, but first lets get to the first word news in new york city with viviana hurtado. Viviana we begin with speculation about the health of north koreas leader kim jongun. The u. S. Official got word that mr. Kim was in Critical Condition after cardiovascular surgery. The white house reportedly was told mr. Kim took a turn for the worse. Kim is 36. He recently missed holiday celebrations in pyongyang. Now to president donald trump, issuing an executive order temporarily suspending immigration. Late monday night, the president tweeting the move is needed to contain coronavirus. He also says it will protect american jobs. No word on how the suspension will last or who it
Thousand. U. S. Infections rise more than expected. Asia, a second wave is coming. Japans biggest banks are expected to join their global counterparts in bad loan costs. They could see the highest in a decade. Take haidi lets take a look at how we are setting up our final friday session. Positively from wall street after a pretty volatile session. U. S. Stocks faltered early on when President Trump said he was not interested and did not want to speak to xi jinping about the simmering trade tensions. In the beatendown bank stocks as well as energy names gaining on account of this jump we saw in crude prices. We are setting up positivity. Futures, both in australia and hong kong, and also in japan, setting up for a higher open, sophie. Ishie President Trump ratcheting up tensions with china amid the coronavirus and trade war. This is what he said about talks with xi jinping. Pres. Trump i have a very Good Relationship but i just, right now, i do not want to speak to him. There are many t
Oil maintains a slow recovery after a wild week. Traders are still concerned about the swelling global glut. New zealand plans to lift its lockdown. We are joined by the finance minister. Lets take a look at how markets are trading at the moment. We are seeing u. S. Futures kicking of trading to the downside. Lowertocks closed mostly after report that a leading antiviral drug by gilead performed poorly in its first clinical test. The dow did gain to tense of 1 . We have 2 10 of 1 . This is how oil prices are looking right now. We are seeing a rebound for wti at the moment, 1. 4 for june futures. Oil already plummeted about 70 so far this year. Haidi a press conference by President Trump happening right now as u. S. Lawmakers are voting on a 484 billion virus rescue plan which would add new funds to help small businesses. The house adopted a proposal to create a special panel to oversee spending on the coronavirus. You are listening to Vice President mike pence as he lays out some of th
Fewest deaths since the lockdown. Factory output across several asian economies slumped to record low. Fresh pmi data out of europe. The week culminated with a grim u. S. Jobs report. Warm welcome to daybreak europe the tail risk is back and it is wagging. Chinau. S. Trade relations in the dumpster. The United States president says as ultimate punishment, pompeo is ramping up the rhetoric. Angst deliversde hapedongation of any us recovery. That takes bond prices and yields down to 0. 25 , maybe even zero. That is the news, the pressure you have. Good morning. Nejra yes, the bad news doesnt seem to be piling up with asian factory data overnight, we look ahead to what some have called an unimaginable u. S. Jobs report friday with a 21 million plus expected out of that payroll number. Then of course you have the risk of tension between u. S. And china you have just outlined. The question is how much of that negative view is already in the price . A lot of people have said, look, risk asse