Budget. This is bloomberg surveillance. I am Francine Lacqua. A lot of focus is on earnings, and a lot of focus on the banks. The Credit Suisse story, i am delighted to speak to the chief executive shortly. That will give us good indication of what the clients are doing. This is what the market is doing. A lot of focus on earnings, a lot of focus on the pmi figures. Lets get the board up to get a sense of what the market is doing. April services pmi falling to it was 22. 8, now it is worse than expected. Manufacturing lowerthanexpected, but in mind. The forecast was 38. That has fallen off a cliff. The dollar is the one you do not want to get wrong in the next couple of months. Stocks are fluctuating, oil advancing, and the dollar holding three days of gains. Plentyures, we will have more on earnings. Lets go to new york city for the first word news. We begin with Economic Activity in france and germany shrinking this month more than expected. French composite pmi dropping at a record
India is now a major market for american exports and the United States is indias largest export market. A booming america is a great thing for india and is great for the world. And thats why we are so happy to announce that we have thanked the greatest economy ever in the history of the United States. Lou after the big rally the president and the first lady visited the taj mahal before traveling to new delhi where the president will be holding a News Conference tomorrow morning. The coronavirus has worsened in many countries and stock markets were rocked by fierce of that worsening pandemic. Health agencies have not officially labeled the virus to be a pandemic. But well call kit well call it what it is. A pandemic that has already hit 30 nations. The market cop los mark the s 1. 2 trillion dollars. Treasury yields plunging to new lows. The 30year yield reaching a new record low. Well have much more on the implications of todays major stock selloff and we will be discussing what we can
India is now a major market for american exports and the United States is indias largest export market. A booming america is a great thing for india and is great for the world. And thats why we are so happy to announce that we have thanked the greatest economy ever in the history of the United States. Lou after the big rally the president and the first lady visited the taj mahal before traveling to new delhi where the president will be holding a News Conference tomorrow morning. The coronavirus has worsened in many countries and stock markets were rocked by fierce of that worsening pandemic. Health agencies have not officially labeled the virus to be a pandemic. But well call kit well call it what it is. A pandemic that has already hit 30 nations. The market cop los mark the s 1. 2 trillion dollars. Treasury yields plunging to new lows. The 30year yield reaching a new record low. Well have much more on the implications of todays major stock selloff and we will be discussing what we can
Power two nations has increased by more than 40 . India is now a major market for american exports and the United States is indias largest export market. A booming america is a great thing for india and is great for the world. And thats why we are so happy to announce that we have thanked the greatest economy ever in the history of the United States. Lou after the big rally the president and the first lady visited the taj mahal before traveling to new delhi where the president will be holding a News Conference tomorrow morning. The coronavirus has worsened in many countries and stock markets were rocked by fierce of that worsening pandemic. Health agencies have not officially labeled the virus to be a pandemic. But well call kit well call it what it is. A pandemic that has already hit 30 nations. The market cop los mark the s 1. 2 trillion dollars. Treasury yields plunging to new lows. The 30year yield reaching a new record low. Well have much more on the implications of todays major s
Beijing holds purchases of american crops. Salvini pulled the plug. Italys deputy Prime Minister calls for early elections, saying the coalition no longer has majority. Rubber, burning money. Uber posts a loss of more than 5 billion. The stock falls more than 6 in late trading. Matt good morning. Im looking at the euro in pounds this morning as some for fair for repair for european vacations. We are almost at the highest level we have seen since the financial crisis. That this goes back to 1975, quite a long ways. This is 2008. This is the highest point on the chart and we are getting back up there is my point. Watch that closely. Looking red, but not as bad when you look at the green we saw yesterday. Klos across equity markets. The cac was at more than 2 . A loss,res pointing to but nothing compared to the gains yesterday. What do you see on the gmm . Anna volatility seems to be back. Overnight in the asian session, we see very risk on risk off signs as a result of that huawei news.