Pandemic data. Primea recovering minister johnson. Give us an update of the tension of the Prime Minister and his government with the people of london. Francine a couple of things broadly. He is recovering but does seem to be in better form. There are conspiracy theories that he did not get the virus, that are not verified. , a lot ofr you see conspiracy theories have come to the forefront which gives you a sense of the mood of the and finally the u. K. Government say they trust one test two test antibodies. To test antibodies. At least 5 of the population would have gotten covid so far. Tom this is so important, and featuring an article of a little bit evening forward in the medicine and moving a little bit forward in the medicine and therapy of this pandemic. Ritika President Trump is publicly disagreeing with the Infectious Diseases chief, accusing him of wanting to play sides play all sides of the equation. He said that reopening the country too soon could lead to a coronavirus fla
Part to some financials like capital one, comerica, synchrony, discover, and wells its self up 7. 5 all session. Up sevenfargo itself point 5 all session. After the initial jobless claims data, a little move in treasuries, now at 61 basis points. Stimulus stems the effect of the covid19 crime is might be infamous, according to mike mayo. He writes in the shortterm, that the potential for wave after wave of support for the economy and unemployed workers. That plus an outlook on banks, which he says show a [inaudible] right now. Lets welcome mike mayo, wells fargo senior analyst. You talk about contradictions in banking right now, one of them being the present versus the past. What do you mean by that . , banks are treated as if it is 2008 in the middle of the Global Financial crisis. Night and day difference for the banks. We do see a contradiction. Today, banks have double the. Mount of equity over 50 more liquidity. They have gotten out of the most risky activities. It has oversight b
Asia thanks a second wave is coming. Stay talks with potential suitors are progressing well. Lets take a look at how we are checking up on this friday session of the week. We had a pretty good lead, ill be at a volatile session on wall street. Volatile section on wall street. U. S. Stocks falling after President Trump said he did not want to talk about trade issues with xi jinping. Going into the close, we saw a surge in oil prices, energy stocks, as well as beaten down bank and financial shares leading those gains. We are setting up for a pretty positive open here in asia. In new zealand, we are seeing trading get underway. It looks like we could pick up gains after two days of losses. We are seeing a positive lead when it comes to trading futures in japan, in hong kong, and in australia. It is a big day today when it comes to indicators out of china. We get those domestic activity numbers out when it comes to retail sales and industrial production, which could give us an indication a
Of people. Much like us, advantage with jobs, but the United Kingdom request of aid is extraordinary, the size of people struggling. Francine that figure which you say is very much like we are seeing in the u. S. , was quite shocking. We know this is big and millions of people are losing their job, but the government saying 66 of businesses have asked for Government Support to pay wages. When you look at what Central Banks can do and this was clear from jay powell yesterday if you look at the stimulus they are putting in place for the recession are when the pandemic is here, now, and the second phase when a recovery takes place, three months, six months, even longer, what kind of tools and stimulus support will need then. Tom it is absolutely fascinating. ,or those waking up in america i cannot convey that rotation of earth and data coming out of asia. Data hasy of european been absolutely shocking this morning, and we will give you a brief on that. Us Nouriel Roubini will join and we
Contraction than anyone realized , and the statistics on this pandemic are not all that good, are they . Francine now, they are not great. We have that horrific figure of 2 Million People infected worldwide, however we are seeing the u. S. , germany, and others thinking about relaxing the rules. It is different in japan where they are talking about a state of emergency. Today, overall the initial claim tally is said to push the fourweek total to 22 Million People without a job. We will spend time talking about that, and we have a headline from apple. I just got the air pods. Apple plans over a year headphones to bolster business working from home. Tom we have seen apple with product announcements including the smaller i found in the last lasturs, iphone in the 48 hours and they are separated from the collapse in smallcap. Right now, here is viviana hurtado. Viviana donald trump will unveil today plans to relax stayathome guidelines and suggests the coronavirus is flatlining in parts of