A big problem for farmers in germany whats behind it. But 1st we head to the amazon where the brazilian Forestry Commission is putting up a fight against a powerful timber lobby. Ever heard of flying rivers this is the movement of large quantities of water vapor released into the atmosphere by the amazon rain forest which causes precipitation across south america and is key to the health of our climate a single tree with a crown diameter of say 10 metres releases up to 300 liters of water in the form of vapor into the atmosphere every day on a sunny day the same tree will absorb up to 10000 liters of c o 2 and transform it into oxygen the amazon rain forest is home to tens of thousands of plant and animal species as well as 320. 00 Indigenous Peoples but for how much longer logging is on the rise in 2019 twice as much timber was felled than in 2018 and since the coronavirus pandemic began illegal loggers have become increasingly ruthless. It doesnt just look like a war it is one and it
What secrets lie behind a small screen. Discover new adventures in 360 degrees. And explore fascinating World Heritage sites. T. W. World heritage 31615 hours now. Reserves speaks out in an exclusive interview on b w news they had a very minis biggest Industrial Company shares his views on world trade the coronavirus protests raveling. Also coming up the trade war goes airborne as the Trump Administration moves to block Chinese Airlines from flying to the United States and the coronavirus has shaken up the corporate world bring you the latest list of the worlds top 100 companies. Im chris cuomo welcome to the program 1st off though after a marathon round of negotiations germanys Ruling Coalition parties have agreed a 130000000000 euro Economic Stimulus Program its one of the biggest rescue packages in the nations history to address the economic damage of the coronavirus pandemic the package includes a temporary cut in value added tax a one time payment for families with children and Lo
Commitment to reviving inflation after yesterdays landmark German Court Ruling. Disney takes a 1. 4 billion hit. Bmw joins Fiat Chrysler and vw on warning for the Second Quarter. Unicredit set aside 900 Million Euros. We break the full forced quarter members. Firstquarter numbers. Have we have manus we those firstquarter numbers, a loss of 2. 71 billion for the First Quarter. The market penciled in a number of 1. 95 billion. You are bang on the money. They were one of the first to come out with 900 million set aside for covid19. Italy will contract by 13 . This is the challenge for they were one of the lead nonperforming loans. Unicredit, the stoxx 600 banks index still underperforming. The exposure is a critical issue for all of the banks. We do not seem to have broken that symbiotic relationship between banks and the sovereign. First quarter loss, 2. 71 billion. Net profit a year ago. This is a bank influx at the moment. In flux at the moment. We are waiting for numbers to come throu
Outperformance of small caps for a sixth straight day, so that is sort of the good news, but it is all a waitandsee game as we head into the ecb. Underperformance happening with btps in europe. Twitter earnings breaking as well. Revenue coming in stronger than estimated at it hundred 7. 6 million. 876are shifting at. Illion has a look at the monitor bullet daily active users, they came in at 166 million. That did beat estimates. They did add 14 million average monthly daily active users since the previous quarter. Seeing more activity. Now it is about monetizing that activity. Twitter is up by about 10 in premarket. More coming out later on in the show. We do want to give you a snapshot of all that is moving the market from our team in new york. We are going to begin with the data overnight in europe. Recession,s record plunging into record contraction, shrinking about 3. 8 . The slump adding a lot more urgency for joint physical support and puts more pressure on Christine Lagarde late
Thanks for joining us today. I would like to begin by acknowledging the tragic loss in tremendous hardship that people are experiencing both here in the United States and around the world. The coronavirus outbreak is first and foremost a Public Health crisis and the most important response is coming from those in the front lines in hospitals, emergency services, and care facilities. On behalf of the Federal Reserve, let me express are severe sincere gratitude to those who put themselves in risk. The forceful measures we are taking to control the spread of the virus have brought much of the economy to an abrupt halt. It is worse worth remembering the measures we are taking to combat the virus are an investment in our individual and collective health. We should do everything we can to provide relief to those suffering for the public good. While many standard Economic Statistics have yet to catch up with the reality we are experiencing, it is clear that the effects on the economy are clea