Easing of lockdowns. Taylor i got him steven major you have thes massive helicopter money and stimulus but if the demand does not come back, he is more worried about disinflation, that made my ears perk up. Francine lets get straight to the bloomberg first word news. The European Unions executive arm is coming out with its own stimulus package to deal with the regions worst economic emergency since world war ii and calls for spending 823 billion. Two thirds will be in the form of grants and the rest will be loans and funded by joint debt issuance. In hong kong, hundreds of protesters returned to the streets demonstrating against chinas plan to take more control of the city with National Security measures. Projectiles. Ired the u. S. Is thinking of ways to punish china for the hong kong crackdown and is weighing whether to declare the colony has lost autonomy from beijing. There could be visa restrictions for Chinese Communist party authorities. For the first time, twitter has added a f
Ready and waiting. Jerome powell says the fed is willing to use all weapons to combat the coronavirus downturn. Philip lane says the ecb is prepared to boost bond buying. Andrew bailey testifies in front of lawmakers today. A lot of centralbank action. Global coronavirus cases near 5 million, as one report throws cold water on modernas vaccine testing. That is what drove stocks lower yesterday and now we see futures down here, up in the u. S. And asia, say mixed picture. J. P. Morgan joins a Goldman Sachs in saying that further quantitative easing is needed to cap bond yields. The u. S. Is so strong a billion dollars of 20 year treasuries today and it looks like a lot more supply is getting mopped up by the central bank. An hour away from the start of cash equity trading in europe. Take a look at the picture here. Arrowslooking at all red in terms of futures, euro stoxx, ftse futures and dax futures are down. If you take a look at the u. S. Futures picture after the downturn yesterday,
A couple of days on the holiday and we are seeing assets catching down, what weve been seeing most of this week. The csi 300 down. 6 . A lot of focus has been on the renminbi. Fixed slightly stronger, but marginally. Perhaps it has limited the volatility. Weve seen implied vol spike for the offshore renminbi. We are seeing a bit of spread between the onshore and offshore. The onshore at 7. 0 632. We are watching hong kong as we slowly return back to normal. Weve heard from carrie lam that they will open gyms, theaters, massage parlors. 123 in hang seng, up points. U. S. Futures, still heading lower and nifty futures. We will see it seems more troubled when it comes to the indian reopened. And theylot of brawls are slapping a huge tax on liquor sales too. Tom lets get more on the Market Action with Mark Cranfield in singapore. The question of the day on the mliv is how important is trade for these assets . 10 investors look past the tensions between beijing and washington . Maher it wil
The bloomberg terminal. Reopening in america, President Trump urges the u. S. To get going again, even if it leads to more death. Chinas ambassador to washington calls for an end to the blame game over the coronavirus origin. More pain for europes banks. Lenders try to estimate the damage to their Balance Sheets from the coronavirus shutdown, and the ecb stands by its inflation mandate after a German Court Ruling on its qe program. Bond investors expressed concern about the Central Banks latest ofonavirus stimulus in light that decision. We are under an hour away to the start of cash trading across the continent, and in Great Britain, lets look at futures this morning, pointing slightly lower after a decent rally yesterday, although it was a rough start to the week for European Equity indexes. We are looking at drops of about. 1 right now on the dax futures in frankfurt. Higher in thedge cash trade yesterday. We are seeing futures edge higher once again today, so. 6 gain across the s p
You are watching cnbc. Good morning, good afternoon or good evening from wherever in the world youre watching. Im Brian Sullivan im glad to be with you during this troubled and turbulent times. Coming off friday 700point game gain for the dow futures are lower, indicating a drop of about 200 points for the dow, slightly less for the nasdaq 100 your big story right now is the price of oil and a new week bringing the same old story prices, they are falling in a big way. The may contract right now at an incredible 14 and change per barrel now down 22 overnight. The may contract, keep in mind, does expire tomorrow its also important to look at other contracts. Primarily the june or july contracts for oil. They are slightly less dire. The june contract at about 23 bucks. The problem with oil is very simple there is so much oil being produced around the world and so little demand right now for gasoline or jet fuel that unneeded and unused oil is simply piling up everywhere. Many storage tank