Thankorgie about you for joining us. Worryingld we start about the amount of debt we are generating and the impact it will have on the economy longerterm . First, thank you for having me. The worries about debt levels going up are not for now. For now, the biggest worry is we do not do enough to support the economy until we have a durable exit from the health crisis. With Interest Rates being record and government can borrow inject hopefully not only a recovery, but a more potent, higher productivity based growth so they can repay the debt they are acquiring now. Case for lowhe Income Countries already in distress. Importanty it is so we make sure they are provided with relief and they are supported with grants and concessional financing, a big theme for our annual meeting spirit for our annual meetings. Francine what is the biggest risk to your outlook . You say the recovery will be uneven, but you have increased your projection . Kristalina the situation today is less dire than it wa
U. S. And european stocks are hit by the worst rout since 1987, as the panic takes hold of markets. The today session offer brief relief . 5 trillion, the u. S. Central bank offers a huge liquidity, at least nominally, injection into the treasury market after the ecb stimulus measures fall short of combing investors. And delaying the worst. The u. K. Abandons its containment strategy as efforts to push back the peak of the virus takes precedence. New york city declares a state of emergency. We are just under an hour away from the start of cash trading across europe after we saw yesterday, the biggest drop for the stoxx 600 of all time, doubledigit losses yesterday in terms of the dax, more than 12 . The ftse mid was down 17 . Now we see a mixed picture in terms of futures. Dax futures are still down. Investors are still waiting for some kind of comment out of berlin. In terms of the fiscal help that Christine Lagarde, shirley wants, the market wants to hear about it to, and Angela Merk
In another uk election i want to make it clear, i will not lead the party in any future general campaign. I will discuss with our party to ensure there is a process now of reflection on this result. The Market Reaction has been very clear on the back of this weve Seen Movement on the pound on the upside. The ftse 250 on fresh highs. Double digit moves as far as House Builders are concerned retailers are not having a bad time of it seeing also strength in the utilities. Retailers will not be renationalized banks also to the move on the outside. Banks surging on the conservative victory the rational appears to be the expectations on the bank of england rate cuts. Pharmaceutical cuts under a little pressure. The moves capping some of the big gains we are seeing elsewhere on the ftse 100. In brussels, european leaders voicing results. The consensus that they could break the dead lock and usher in a new phase of negotiations. Boris johnson celebrating his victory within the last hour or so,
We hear exclusively from eric rosengren. China is accused of using social media to undermine the protest in hong kong. Twitter and facebook delete a string of fake accounts. Shery how markets closed. It was another day of strong rally with the s p 500 gaining more than 1 . Every sector was in the green. Energy amtech led the gains. Lead the and tech gains. A positive sentiment with trade. That was reflected with the u. S. Dollar. It rallied to this years high. Gain 250 points. The nasdaq up 1. 4 . Doing much butt lets see how things will be shaping up in asia. Conviction investors will be tested with futures looking at a mixed session. Kiwi stops adding. 6 . We have the strong dollar to contend with which may put a damper on Risk Appetite for emerging markets today. We are on tech watch. We have xiaomis earnings on the lineup after baidus results came out overnight. Onay, were keeping an eye the rba meeting minutes. Trade data from taiwan and today rate the pbocs loan prime. A key mile
Being cancelled or delayed, and passengers stranded. We need to prepare a whole new flight, and our bag is gone so its a complete nightmare. Were trying to get to stockholm. Our next flight, were being told, is friday. I rang British Airways, and they said they cant do anything for us over the phone. About 1,500 Whaley Bridge residents who had been moved out of their homes becuase of fears the dam there couldve burst have now been told they can return. Ministers unveil an overhaul of pension rules for senior nhs staff after they were linked to growing waiting lists for patients. An estimated 55,000 music fans who were going to the boardmasters festival in cornwall are told its cancelled just hours before it was due to go ahead because of fears of severe weather. Hello, its five oclock our top story. The uk Food Industry has asked the government to waive Competition Laws to help cope with possible shortages if britain leaves the European Union without a deal in october. Existing rules p