Much quieter protests around new york and across the nation. Subsumed by the absolute bombshell reporting and essay last night by general mattis in the atlantic that truly stopped america. And i think the broader question is whether this will have repercussions for President Trump and his base or certainly with republicans, whether the president has crossed the line and what this means for the military. We talk about martial law and the next steps. Tom many other things going on as well. We are really focused on what could be an original ecb meeting at 8 30 new york time and Christine Lagardes Important Press conference and q monday and q a. Right now with our news in new york city. Formerident trumps defense secretary jim mattis is condemning his former boss in a scathing letter. Saying the president misuses the military. He says they must reject those who make a mockery of the constitution. President trump responding on twitter, saying he did not like his leadership style or much els
I would point to a couple of Opinion Pieces that have opened my eyes about the risks in the South China Sea and possible skirmishes or tensions. We focused on the premier of china addressing in a press conference the National Peoples conference and we heard from Tom Mackenzie that this is not the forum for him to address what is happening in hong kong with the strong response from the u. S. Tom our conversation moments ago from lord patten, the 28th governor of hong kong for the united kingdom, his clear message is what is needed is a coordinated response, not every developed economy for itself. Right now, our first word news. Havea lawmakers in china defied the threat by President Trump and passed a proposal for National Sweeping security legislation aimed at hong kong, curbing potential freedoms in the city, a day after the u. S. Declared hong kong was no longer a tana miss. Autonomous. U. S. , milestone for the more than 100,000 deaths from the coronavirus, the worlds highest death.
Lagarde,at, christine madame gore gave a of the International Monetary fund, and your conversation with Andrew Bailey. Francine if you distill what we are trying to do, there are three main questions what kind of recovery and recession will be get, the inflationary versus deflationary debate, and the economic scarring. We will try to do that with the bank of england and the imf, touching on what countries may need support in the future. Christine lagarde also extremely interesting because it will be the first time we hear from her since the German Court Decision so we will hear from her about the legality or not about what they did. Tom the complexities of this German Court Decision, George Saravelos out with a blistering note, wondering even if the ecb will respond to the german court. We respond to our first word news. U. S. And china trade negotiators will speak as soon as next week to try to make progress in implementing a phase one deal, President Trump threatening to terminate th
Haslinda, what are you seeing . Haslinda Industrial Production coming from march showing a strong recovery momentum. We saw what happened in march. It is pulling back from a historical plunge in the first two months of the year. Still there are some challenges if you take a look at the supply chain. China still faces supply risks from a global lucked out. Factory production global lockdown. Factory production still shut down in many parts. Bloomberg intelligence saying 70 of chinas imports were used for production in 2015. Still strong numbers in terms of Industrial Production coming in at 3. 9 versus the estimate of 1. 5 . If you want to track the trajectory Going Forward, we have to track those economies like korea, japan, taiwan. They supply china with the most technology parts, the u. S. And germany, even brazil. As long as they are not emerging from the lockdown in their respective countries, it wont be in issue for chinas own production. Industrial production for china year on ye
33. 5 million filed in the last seven weeks. I want to dig deeper into these results, uber inching closer to a profit despite these bad profits. I want to bring in taylor riggs. Lets dig in. Shares spiking after hours despite not good results when it comes to ridehailing. The business boosted by uber eats. You gotwhat is key is the ceo said rides are rebounding in places like georgia and texas where sheltering in place rules have been eased. Recoveryaid he sees and this was the news i was waiting for, the cfo has said he does see profitability in 2021. Lyft had been aiming for those targets. All the notes said as it comes to lyft, they were not going to be looking at profitability until the first half of 2022. To get guidance about maintaining that target in 2021 is very key. That is when you saw the stock reverse from what was a 3 drop to what is an 8 gain. Let me walk you through some of the numbers emily go ahead. I wanted to mention the business also getting leaner as a result of s