The economy and the outlook for the trump agenda. Wells fargo takes punitive action against the former ceo and another top action for their central role in the fake account fiasco. They announced millions in new salary claw backs. And a video surfaces showing an airline forcibly removing a doctor from an overbooked flight. First up though, big week for the markets. Wednesday well get data including march import prices. Thursday, jobless claims. Markets closed on friday but theres still Economic Data including retail sales, cpi and consumer sentiment. Earnings seasonen gets under way. Citi and wells, well get that before the opening bell. There will be a lot of questions, jim, about margins, rates, this trend were seeing in some c i loans and earnings themselves. Look, last year at this time, there were concerns that perhaps with no rate hikes who knows what they can do and then they got hit by the fact that they have bad oil and gas loans. Now the stocks ran up in anticipation of three
Shanghai hanging in there. Higher by about half a percent. European equities, of course, this one often the last week or so has been the tale how we begin the trading day. Ftse might be down. Spain ibex down one and a quarter. Interestingly was in positive territory. 6522. It is higher than before britain voted to leave the eu. Take a look at crude, wti down about a 133. Natural gas has been rallying this year down about the same amount. I want to thank you for being here. Bern stooen was a merrill guy for quite a long time. Made quite a name for himself, but for him to come in here and be the guest host for an hour is really good for richard bern seen the advisers. I think it says you couldnt get anybody else. That may be true to some extent, but im thanking you. Its nice to see you. Im glad youre here. Im sure he didnt need to set his alarm. Couldnt wait to get here this morning. Chopping at the bit. I think either works. Cham champing or chomping. Its champing. 6 02. If youve never
Of globalfree trade. Wales is facing a limited Circuit Breaker lockdown which is expected to be announced in the next few days. And pubs and restaurants in Northern Ireland prepare to close their doors to sit in customers as stricter restrictions come into force from six oclock tonight. Good afternoon and welcome to bbc news. Lancashire has become the latest area in england to be put into the highest coronavirus alert level after the government came to an agreement with local leaders. It becomes the second region after liverpool to face the toughest measures with different households banned from mixing indoors or outdoors in hospitality venues or private gardens. It comes amid government criticism of the mayor of Greater Manchester, andy burnham, who is resisting efforts to put his area in the highest level, saying he wants more Financial Support for people affected. London, essex, york and parts of surrey, derbyshire and cumbria will move into the high alert level at midnight, meaning
You join us for a special programme ahead of a downing street briefing on the day that billions of pounds of extra help for firms and workers, across the uk, hit by the coronavirus restrictions, have been announced by the chancellor. Thejob support scheme will pay out considerably more than originally planned, where companies are not legally required to close. Rishi sunak is doubling the taxpayer subsidy for employers in thejobs support scheme after a growing clamour from firms in tier 2 areas. Employers will now have to pay for a minimum of 20 of a workers wages. Thats down from 55 . This means the government will now fund 62 of pay for hours not worked. 150,000 grants of up to £2,100 for hotels, restaurants, b bs will be given as part of a new scheme for businesses not obliged to close. Theyll be paid monthly and be backdated. Heres our economics correspondent andrew verity, a normally busy restaurant area under tier 2 restrictions. The outlets here may be open but business is so qu
This stock market. Cant do it alone with the economy. We saw it this morning. In the glorious takeover hallelujah of Kinder Morgan by rich kinder himself and the s p is gaping 2. 8 and the nasdaq is jumping. There were many reasons for it to occur. First and foremost, rich kinder loves it when shareholders make money. And he alluded to that front and center this morning when i spoke to him on squawk on the street. But the main reason is that Kinder Morgan was having trouble growing because the cumbersome structure, the parent company, didnt let the business expand as quickly as it should. Even of course some great opportunities in oil and gas. The new streamline entity Kinder Morgan, inc. , which should be owned for the 2 dividend will give you a great play to play the north American Energy revolution renaissance. Kinder morgan will be the Third Largest energy company, better groat in dividend boost prospects than any other company not just in the oil patch but in the s p 500. Rich kin