The bank of france governor who is also an ecb board member says the Central Banks emergency purchasing plan needs to be flexible to be effective suggesting further bond buying could be on the way. If we cant to guarantee the maximum efficiency, we shouldnt be bound some capital banks should be able to buy more and others to buy less the World Health Organization halts trials of hydroxychloroquine over safety certains as studies show it increases death and heart problems happy tuesday, everybody and welcome to street signs. Lets kick off with a top story involving the travel sector. The German Government plans to lift the travel warning by midjune confirmed by cnbc sources. The new measures will allow tourists throughout the union, United Kingdom and foreign noneu countries taking a look at travel and looers stocks. Massive rally. Those shares up. Tui up more than 30 bare in mind, you can markets were closed as the broader uk market rallied a little catch up there. Broadly speaking, a
750 billion Euro Recovery Fund executive Vice President tells cnbc Urgent Health is needed no country is left behind in this proposal. What is left behind is the ability to this crisis due to the higher debt levels lufthansa trades higher despite doubts over its bailout amid disputes with brussels. Easy jet sees green amid the plan to cut up to 30 of its work force shares of the skand avian airline says it needs more funding to fly with 95 of its fleet still grounded this has caused government to close their borders and make it impokt to conduct business its also needed that governments step in to try to help to restore this industry. A warm welcome to street signs. Lets get right into our top story of the morning chinas Top Legislature has formally passed security laws for hong kong. Outlooking treason, success, subversion in the territory. Ple pl members passed bill with 278 votes with one vote against. Secretary of state mike pompeo declared hong kong is no longer autonomous from ch
Shortly. What do you observe this morning, nejra . Nejra im observing headlines coming through right now from andrew bailey, in the core with journalists he is having right now, that it is clearly a commitment to take action, saying the qe program is highly aggressive and appropriately is so. Also saying there is no evidence the boe is targeting any part of the yield curve, but what is really interesting is we did see a little bit of differing views in terms of the decision today. There were policymakers that wanted to extend qe today, but the reaction to the fact we have had no change in policy today is coming. Analysts say we will get more qe in june or august or both, and the pound catching a bid off the back of the boe forecasting the vshaped recovery. That is what i find staggering. A 15 rebound in 2021. Tom i think you are dead on in that, nejra. There is no question what six out within all the excel spreadsheets and the heroic language at this moment, really with depressionera e
G. Right now, streaming on cbsn bay area, we are looking live from our camera. We are looking west very early this monday morning. Good morning. It is monday and may 18th. Good morning to your. Is get your first check of the forecast as we start the week. Good morning, happy monday. It is a wet start to the week an hour a day and we have rain pushing in from overnight and still looking at wet weather for parts of the north bay and the south bay. It was pouring over san jose. You can see the wet line around san jose and they are running in the 50s and even in the low 60s right now. Through the afternoon, we have light, scattered showers but could see an isolated thunderstorm through our day and that could produce a heavy downpour through our afternoon. Unsettled weather continues and we could see temperatures looking at 63 in San Francisco, 67 in san jose. I will take you hour by hour in a few minutes. Two stabbed in san jose and one man is dead. They were called to north capitol avenue
They responded that way when they felt threatened says the flyers. And german soccer prepares to kick off again as the lockdown is listen to the bundesliga forges ahead this weekend as the 1st Major European League back on the pitch in front of the stands. Im anthony how to welcome the coronavirus starts to take its toll the latest figures show that the German Economy has taken its hardest hit since the 20095 pancho crisis shrinking by 2. 2 percent in the 1st quarter of the year by the measures closed shops and restaurants wiped out tourism and sent manufacturing into a tailspin and the government says theres more pain ahead even before a recovery starts to take shape. Germanys g. D. P. Data is due me even if slowly but surely the lights of the economy are being turned on again. Folks the countrys biggest carmaker opened its man volves board plant a few weeks ago and despite distancing measures is edging towards full capacity. As well as manufacturing the Services Sector is returning t