Germany sees the economy shrinking at least 5 . This, as fears of a virus followup could last for years. We hit our we will hear from ceo bill winters this hour. Haidi lets look at trading when it comes to australia. Asia looking softer, potentially modest bump up after u. S. Stocks saw the first gain in three days of losses. In new zealand, trading is dataway, retail sales is a point we will be looking at later to give us an indication, not super forwardlooking, but at least how things stand in terms of the fed rate period, asia excluding japan looks like it has had a flat week so far. That is u. S. Future. Waitinghe bond market, for the ava bond purchase, the aussie yield curve steepening ahead of the government announcing option plans for the coming week. We could see a bump up in primary activity, looking at the threeyear yield to and the week below target after the central bank boosted liquidity and calmed down money markets. We are watching banking stocks after they cut fees, one
Well get you a list. The oil meeting previously, the u. S. Linked to cut Domestic Oil Production . What came out of the meeting . A lot of things came out. Its a great industry, its a tremendous job producing industry. It is vital. It was also interesting because they all given the test before they came into the room. You have the head of all these guys taking tests and they all passed with flying colors. It was good. They left happy in that respect. Its an overabundance of oil right now. Oil and gas, tremendous overabundance. It was caused, they were producing a lot of energy but then you had the virus come along and it knocked another 35 , maybe 40 off the market. So if theres too much oil, and these are Great Companies and theyll figure it out. Well figure it out. You spoke to president puti putin they were having a competition from well see how it works out. I think its going to work out very well. Its going to take a long time to get rid of that, theres massive excess amount of oi
Well get you a list. The oil meeting previously, the u. S. Linked to cut Domestic Oil Production . What came out of the meeting . A lot of things came out. Its a great industry, its a tremendous job producing industry. It is vital. It was also interesting because they all given the test before they came into the room. You have the head of all these guys taking tests and they all passed with flying colors. It was good. They left happy in that respect. Its an overabundance of oil right now. Oil and gas, tremendous overabundance. It was caused, they were producing a lot of energy but then you had the virus come along and it knocked another 35 , maybe 40 off the market. So if theres too much oil, and these are Great Companies and theyll figure it out. Well figure it out. You spoke to president puti putin they were having a competition from well see how it works out. I think its going to work out very well. Its going to take a long time to get rid of that, theres massive excess amount of oi
Fauci says we are headed in the right direction. Every day this seems to be a record of number of deaths. At the same time we see the increase in deaths we are seeing rather dramatic decrease in the need for hospitalization, that is going in the right direction. I say that and i always remind myself when i say that, that means what we are doing is working. Therefore we need to continue to do it. Ashley what we are doing is working says Anthony Fauci, voters seem to like how the president is handling the crisis. His Approval Rating hitting a high of 49 in the latest poll and by the way he has tied joe biden in the president ial race. Just last month he trailed biden in the same poll by nine points. Still there is work to do in america remains worried about their money in 79 say they all worry that the virus will lead to Economic Hardship for the family. The Chip Administration still targeting the reopening of the economy and for 8 weeks and heres what Vice President mike pence says need
Data, the u. S. Saying that beijing underplayed the number of cases and deaths. And we work may take legal action that softbank wants better terms on theirh rescue plan. Haidi . Inflationary pressures or lack thereof from south korea coming through the cps for the month of march. We are seeing a contraction of 0. 2 , better than the contraction we were expecting of 0. 4 . That is a month on month figure for Consumer Price pressures and south korea for the month of march. In atmber on year coming 1 , so a little better than 0. 8 expected, a little softer from the 1 reading in february. Expectingse have been some demand as well as the impact of lower energy costs, lower oil costs, the plunge in oil prices, down an average of almost 50 year on year so far this month. Debtor february february data carried through, and you would expect that to carry through to april as well. That is the south korean numbers. We have been looking at a lower open going into the trading in seoul and tokyo. Let