Bailey and also to chairman powell. Yesterday, the continued inflationary trend and the outright deflationary trend in switzerland. The numbers in europe in inflation on price change are simply grim, and you are dead on about unemployment. Overnight, Goldman Sachs readjusted their Unemployment Rates, and they get Steve Englander of Standard Chartered bank, a stunning statistic, francine 25 Unemployment Rates modeled out now by Goldman Sachs. And of course we get claims at 8 30 this morning. Francine we will have plenty more on that throughout the day. Its good to first word news with richie good lets go to first word news with they take a to first lets go word news with ritika gupta. Ritika wanted to play all sides of the equation, reopening the country too soon could lead to coronavirus flareups. He warned about the impact on children in schools reopened. President trump called that comment unacceptable. Has seizedortedly the mobile phone of the intelligence committee, richard burr. A
Facebook surges as advertising revenue holds up amid the pandemic. Socgen. Hear from later, shell ceo. Dont miss it. Manus good morning to you. 1. 7 3 billion people on facebook during covid19. Socgen doing more than being on facebook. It loses 326 Million Euros in the First Quarter. The Global Banking division, revenue down. Down by 27 . The revenue at the bank is down by 16 . You have a net loss in terms of guidance, expressing their guidance for the cost of risk in basis points. They are saying 70 basis points in 2020. The underlying return on equity is a negative number, 0. 5 . Loss revenues dropped by 16 . Global banking revenues crumbled by 27 . Those are the top lines. We talked we talked to the Societe Generale ceo. We the nejra virus clouding the future for the chemicals company. What we are getting right now is First Quarter adjusted even at 1. 6 4 billion euros. Thats more than we have got there. We have the withdrawals of the outlook for the 2020 business year. That already
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
Combat the virus is working and that americans are following the guidelines its been incredible what theyve done even saw in new york has passed another grim milestone registering more than 10000 coronavirus related deaths and States Government says there are signs the worst is over ill just there as christensen to me has more. As all but essential businesses remain closed in new york or stay home there are signs that strict social distancing measures are working the governor says the state is seeing fewer hospitalizations for the coronavirus we can control the spread feel good about that. The worst is over here if we continue to be smart Going Forward but even as President Trump expresses his hope to get americans back to work in may the governor warned against lifting restrictions too soon new yorks governor said hell be listening to experts in Public Health in the economy not politicians as to when it will be safe for new yorkers like me to leave home and return to work but hell do
A week 3 nights of which he spent in intensive care i have today left hospital after a week in which the n. H. S. Has saved my life no question its hard to find words to express my dad he paid tribute to those who looked after him. Ive seen the personal courage not just of the doctors the nurses but of everyone the cleaners the cooks the Health Care Workers of every description physios radiograph was pharmacists who kept coming to work kept putting themselves in harms way kept risking this deadly virus. The number of people who died in hospitals after being infected with the coronavirus in the u. K. Has now surpassed more than 10000 the u. K. Government says record amounts of personal Protection Equipment is in the system but staff treating the sick say there are still vulnerable im sorry if ministers to feel that they have supplied adequate p. P. To n. H. S. Staff but thats simply not the case of what we are experiencing on the ground and its just our dont want to be seen as heroes we