Few smiles and the magic kingdom. Disney suffers a coronavirus hit with seem parks shot, movie theaters closed, and sports on hold. Shery a quick check of the market. This after u. S. Stocks gained ground for a second day in the regular session. We have sentiment being boosted as more economies move towards easing lockdowns. Still, in the last hour of trading, there were some cautionary comments on said officials that cut gains in half. New zealand stock scanning. 8 . This would be a Third Session of gains. Therir rate. Rate. Ir we have the rba leave rates unchanged. We are looking forward to retail Sales Numbers very soon and we will see how all of that toilet paper hoarding that we saw in march is reflected in the numbers. Not Much Movement for the japanese at the moment. Tosident trump continues push the theory that the coronavirus originated and escaped from a lab inside wuhan but sources within the u. S. Intelligence Community Say the intelligence is less than definitive. That as
Ease some of the Capital Buffers as well, potentially some of the u. S. Banks. We know again this is not a financial crisis, this is more of an exhaustion us shock. So letting the banks perhaps ease up on some of these roles to make sure they can get loans out to people who need them, certainly perhaps a smart idea. Ofncine yeah, i think a lot policymakers are just worried over what is essentially a Health Crisis that will turn into a financial crisis as they are trying to give loans and credit to Small Businesses that need it. I am looking forward to an interview with the treasury people in charge in the u. K. About the stimulus they put out yesterday lets get to first word news in new york city with viviana hurtado. Viviana we begin with the Trump Administration pushing a one point 2 trillion stimulus plan. This to counter the Economic Impact of coronavirus. Bloomberg has learned americans could get direct payment of 1000 or more within two weeks. A month later, a second set of check
Matt good morning from a very busy berlin. We have a office full of reporters who have been here all night long, like the Lionel Richie song, because the German Climate cabinet has been meeting since yesterday and has not been able to come to a decision on the possibility of a carbon tax or extension of the cap and trade system, and has not come to a conclusion about what environmental kinds of environmental package that could be in the tens of billions of euros ity wants to present. Nejra it will be interesting to see what that includes, and if Angela Merkel disappoints. She was criticized when she was environmental minister. It is the number one concern of german voters, and as far as what we could get, there are questions over some kind of extension of the emissions trading scheme, may be moving that to other sectors, and if there could be a carbon tax. All this could affect a number of companies, including airlines and also a lot of transport companies, matt. So what do you think m
We dont see the clear offering offramp in terms of how either party is going to get to a point of having successful discussions to resolve it. Nejra and following dorian. The deadly hurricane continues to strike the bahamas, but the winds weaken. Its movements we are tracking its movements. Matt good morning from the german capital of berlin. All eyes are focused on westminster today. You are down there on the green with the cast of important actors in the brexit drama that is set to unfold over the next 58 days. Yeah, absolutely. What drama it is. This is a critical week that could see the u. K. Had for its third election in 4 u. K. Head for its third election in four years. Many members of Boris Johnsons own party are putting a bill forward to try to delay the, deadline to extend the brexit deadline to avoid a no deal brexit. If Boris Johnson does not manage to agree a deal with the eu, the Parliament Approves or does not manage to get no deal approved by parliament, then that extens
Westminster. Brexit, a pretty historic and tumultuous couple of hours we are expecting. The meantime, lets check on your markets. We are seeing market volatility, pound dropping lower today. Lets get the board up for you, pound at 1. 1981. There is a lot of debate in the newsroom over whether that has to do with Dollar Strength or markets realizing an early election could mean an alliance among the ones who wanted a hardline brexit and increasing the chance of a no deal, but we are seeing a tilt to the market overall, a little risk off mood. You can see a little higher than usual at 10 higher and gold at 1530. Coming up, we speak to sir Howard Davies, a chairman of rbs as the prospect of an election surges. We will talk about what that means for the banks. Dont miss that interview 11 00 a. M. London time. Lets get to the first word news with Sebastian Salek. U. S. Areand the struggling to agree on a schedule for the next round of talks after watching a rejection of allaying tariffs. A