Could close with an agreement to cut output. Russia says it is prepared to cut as much as 15 . Lets get a check on markets. We are seeing quite a bit of risk abbett risk appetite, given that we dont see signs of a peak in cases globally in the epicenters of coronavirus. Dax up 2 and the futures pointing to gains. The s p 500 technically went to pool territory. Bull territory. Will initial jobless claims put a stop to the rally or will they shrug off the numbers . One market is perhaps telling a different story. The dollar is steady in todays session. Gains, someg some optimism ahead of the opecplus meeting in oil. Generally a bit of a riskon tone across markets. Bloomberg first word news. Vicena former u. S. President joe biden is the Presumptive Democratic nominee for president after Bernie Sanders suspended his campaign. He thanked supporters for helping create an unprecedented grassroots movement. Stays says he will on the ballot to help democrats closer to his vision. Oil gaining a
On Prime Minister johnson. Guy absolutely. Sitting up in bed come interacting with the medical team. He has had a third night in the icu, which is may be of where we are still. Yet there is some improvement. I think the country will breathe a sigh of relief once he is out. Hopefully that happen soon, tom. , yesterday inon new york city was absolutely extraordinary, just the constant wailing of sirens. I actually walked down and noticed the emergency room effort of mount sinai and those brave people. Give us an anecdote you see in the united kingdom. Is happening here is that maybe there is a sense that the curve is flattening, and that is the sense we are getting from the medical officers and chief scientific officers. Nevertheless, the mortality count is likely to continue to rise, and the reason that is the case is that deaths get reported a relatively slow rate. The concern in the u. K. Remains a lack of ppe for healthcare workers, pharmacy workers. Also for care home workers as wel
The focus has been on what is happening in washington. It was fascinating to see the fade on equities today. European equities are off session lows. We faded pretty precipitously earlier on. The pound is also off its earlier session highs and has certainly faded the early move. A similar story in brent as well. The initial burst of enthusiasm around that deal starting to ease back a little bit. The real question, this is just dealing with the here and now. Are we going to need further help from washington and other governments around the world to get the bounceback that may some people are looking for . Vonnie just getting a headline now that german lawmakers have approved a 156 billion euro stimulus. A few things happening in europe as well. Back to washington, the white house and senators have finally come together in an effort to bolster the economy. Senate Majority Leader Mitch Mcconnell spoke earlier on the senate floor. Sen. Mcconnell at last, we have a deal. After days of intens
Billion. That is the rumor promising 850 billion. That is the rumor from secretary of the treasury Steven Mnuchin. Crude also recovering. We still have a two handle, all after the vix hit a record monday. Time now for global exchange. We are going to bring you todays market moving news from all around the world. From new york to brussels, washington, and berlin, our bloomberg voices are on the ground with this mornings top stories. Futures trimming early gains this morning, then rallying. Here was more in new york is bloombergs annmarie hordern. Walk us through some of the action so far. Annmarie as you said, we hit limit up on those futures. We then went lower into negative territory, but now back in positive territory. It does look like the bears are in control of this market. The biggest plunge on markets since 1987. In europe, similar story. We were seeing a lot of gains, then went negative. Right now on the stoxx 600, we are about flat. We are seeing some Massive Gains on the lose
Now a a discussion on human rights and democracy around the world since the cold war. Foreign policy experts look at how americas leadership impacts the world. Florida International University and the making institute hosted this discussion in miami as part of an annual conference on the state of the world. Its just over one hour. Readings to those gathered at florida International University. I salute your efforts to address the days Foreign Policy challenges and the role of American Leadership in the world. It is important to remember that what happens abroad and how people live elsewhere affects us here at home. When america turns a blind eye, we invite the evils of oppression, poverty and extremism to take root around the globe. We must Work Together to safeguard the democratic order that is provided peace, prosperity, and human achievement at home and abroad. American leadership strong alliances with fellow democratic nations are vital to this cause. At the Bush Institute we are w