And irelands Pascal Donahoe is chosen at the next eurogroup president. He says the focus is to bring back jobs. I will play my part in working with all members of the eu eurogroup to make sure this group makes the contributions. The challenges are great but we will prevail and will overcome we kick off the show this morning with a major oil report crossing the latest is that the organization has bumped up its 2020 Oil Demand Forecast today but it has warned that the spread of covid19 has posed a risk to the outlook. Steves been pouring through this document and has all the analysis ill be honest, not every page i think its 81 pages i have from our friends at the iea. Its pretty much what the doctor told us oh, gosh, we interviewed him on stn a few weeks ago. The situation at the moment is its halftime in the year, of course theyre hoping for better out of the second half of the year. The commentary is casting a shadow and quite interesting. Saying, look we think things are going to reb
Epicenter of the outbreak in the united states. Jobless and hungry the Pandemic Forces thousands in bangladesh to leave the capital and head back to their villages. And sport the house and the 2023 womens world cup will be announced later on thursday colombia goes against a joint Australia New Zealand bed as they all lied to stage the competition the 1st time. We begin with new developments in the global Aviation Industrys efforts to survive curing the coronavirus pandemic more than 40 Major Airlines have been forced to ground their entire fleets many have suspended more than 90 percent of their flights australias biggest carrier quantas today announcing 6000. We cut in a bid to lower costs as it fights to stay in operation germanys lufthansa the 2nd largest in europe has signed a deal to secure a 10000000000. 00 government rescue package but in the u. S. Where air travel demand has picked up a little since april the number of people passing through airports is still down by more than
U. S. Break. Also this hour no longer fair just lovely a popular skin lightning cream is renamed after a backlash in the wake of the black lives matter protests. And in sports the house of the 2023 womens world cup will be announced later on thursday and joint Australia New Zealand bed goes up against colombia as they all drive to stage the competition for the 1st time. We begin with new developments in the global Aviation Industrys efforts to survive during the coronavirus pandemic more than 40 Major Airlines have been forced to ground their entire fleets many have suspended over 90 percent of their flights australias Largest Airline quantas today announced 6000. 00 jobs are to be cut in the pit to lower costs as it fights to stay in operation across in the u. S. Air travel is still down more than 92 percent as compared to last year even though some flights have resumed since april in germany tons of the 2nd Largest Airline in europe has signed a deal to secure a 10000000000. 00 gover
And head back to their villages. We begin with new developments in the global Aviation Industrys efforts to survive curing the pandemic more than 40 Major Airlines have been forced to ground their entire fleet many have suspended over 90 percent of their flights australias Largest Airline quantas has today announced 6000. 00 jobs are to be cut in a bid to lower costs as it fights to stay in operation across in the us air travel is still down more than 92 percent as compared to this time last year even though some flights have resumed since april germanys love turn sir the 2nd biggest in europe has signed a deal to secure a 10000000000. 00 government rescue package dominic cain has more now from berlin. Remember that this deal needs still to be approved by the shareholders of loved ones and the devils in the detail that because in order for the shareholders to approve this deal they have in effect to accept the dilution of the power of the shares that they own and that has proved to be
The charge and treasury yields surge as markets are at record all time closing high territory for the major averages joining us for the hour, stephanie link good afternoon to you. Today is what trade headlines that push us higher but with that rise in yields is improving sentiment. Three thing its trade and obviously the roll backs on tariffs. Potentially. Well have to see how that works out. Earnings earnings are better. 2 better than expected. Not great. Flattish overall but next year even though numbers have come down still looking at 10 Earnings Growth. Maybe the story is Third Quarter, Fourth Quarter is trough in earnings and most important to me what is driving the risk on trade is Global Growth stability if you look at german factory orders, you look at german pmi services yesterday, you look at italys pmis, they are not great but stabilizing. Thats causing yields to rise and with it the cyclicals sector big final hour here thanks for being with us lets drill down on the other b