Banks face. I do want to point out, governor bailey of the bank of england writing an important essay for Bloomberg News today. That will be a point of discussion as well. This,bramowicz, i look at the reopening of new york city. I am going to be at lunch on the sidewalk today at 12 00 noon. How are you going to celebrate the reopening of this great city . Lisa i have no doubt you will be there. Beefully i will also out. I love how restaurants are blocking up streets and sidewalks to expand their seating. You can feel the energy starting to come back. Theres a question, how many people will come back . Sayingll street journal only 10 to 20 of Office Workers are expected to get back to their desks today. I just struggle to understand how people will get back in, public transportation, as well as the willingness to leave their homes while we still have a great deal of uncertainty around the virus. Tom it has been an upanddown path. We know the leadership of Governor Cuomo and mayor de bl
We celebrate the opening of the United Kingdom to sport. They can do it. We cant. Theres no question about that. Apple will come out today and do the virtual dog and pony, or whatever they do in the talk about new stuff at apple. And also, we look at the markets, which are up nicely. Jon ferro, there is sort of an effervescence to this monday, even off of the odd political news over the weekend. Jonathan i would say take a look at the german debt market. The 30 year yield has just turned negative once again on the session. Subzero german 30 year yields. I have no idea what the bond market is meant to tell you anymore, given the president of the ecb on the fed. What is the story you take away from a bond market that is in a central bank induced coma, and has been for several months . Tom i look at the swiss 20 year , but the german 30 year can tell you a lot as well. That tells you about the common nation of governor bailey with an essay for bloomberg news, really talking about the hors
At the same time, it is authorizing sanctions against chinese officials. We will be live with reaction from the forbidden city. European futures prove their resilience after a more mixed session in asia. Angela merkel says it may take time to iron out the details of eus mammoth stimulus package. And lufthansa sets up a showdown with the eu by holding off on a vote for its 9 billioneuro german rescue plan. Cites requirements over landing slots at key hubs. Just under an hour from the start of cash equity trading. Lets look at futures. Instituteat the ifo expects german gdp to shrink 6. 6 in 2020 and then expand 10. 2 in the year after. That is a pretty decent sized contraction, and yet futures are Still Holding higher. Futures up 1. 3 on the dax. It has been a Pretty Amazing week for the dax index. We kicked off up 304 points in change and were up more than 100 tuesday and 150 yesterday. The dax has gained a lot of basically to11,000 11,006 heard 50 yesterday 11,650 yesterday. S p and d
Of the mining, some of the oil and gas doing well today. Health care is the lead losing sector. We will talk about that with the devil, with the Telefonica Liberty deal. Brutalbank of england, a session being forecast. We apparently have an issue here in london with manipulating the turkish currency, according to the authorities. Local banks having interactions with a series of them. And the norwegians have cut rates down to zero. Down despiteking the krona is knocking down to 1. 96 . Earlier, Francine Lacqua speaking to bank of england governor Andrew Bailey about open it do qe for the bank of england open ended qe for the bank of england. Weve got a rapid expansion of stimulus, so we got a lot going on. We have already got a lot thats happened, and weve got quite a long way to go in terms of what weve announced. In terms of payments, we will be going until probably early july. The view we took is that although we said in the march report that we will obviously continue to support the
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