Being challenged more than 100000 of you have watched and commented on the story that we did earlier this week a believes that the United States dollar is about to be horribly devalued because of what the fed is doing by printing so much money seemingly out of fair probably right the u. S. Dollar will undoubtedly at some point be worth less and may eventually be pushed out as the only world currency probably by china maybe in the next 10 to 15 years. But heres todays developments it appears that theres another player in the world stage thats making a similar move russia is now sending signals of no confidence in the u. S. Dollar as well and its doing so in a different way see the Russian Parliament has now officially cleared the way for the country to double its supply of gold what it is essentially doing is its removing the barriers including taxes so that russia can accelerate its gold buying spree the kremlin has made the dollar is ation as its been called a long term priority this
Says the u. S. Could see quote needless suffering and deeper economic damage as lockdowns park ended too soon. And the afghan president orders the military to restart operations against militants this after extremists attacked civilian targets including a Maternity Hospital killing mothers and infants. Im brian thomas great to have you with us today as lock downs is across europe and people slowly return to work later today the European Commission is expected to announce new guidelines for Summer Vacation travel the new framework will lay out the conditions for reopening border. For schengen countries under normal circumstances these countries allow passport free travel among Member States expected are new guidelines on hygiene for hotels and other tourist accommodations it is anticipated that the commission will also recommend that masks be worn on trains and in restaurants. That have used back sanders following the story for us in brussels good morning to you max its sounding like go
Could bt sell its stake and they refuse to comment on the rumors. Weve got data crossing from germany. All eyes on the growth rate. First quarter gdt number has crossed ni crossed minus 2. 2 the recession should have reached the low point in april given us some market on the back of this data but that contraction will accelerate in the Second Quarter but we are just seeing it number cross. In terms of what we are seeing elsewhere that is minus 1. 9 forecast on the contraction of 1. 6 according to the stats office bringing in annette on the back on these numbers we know various sectors have been hard hit. Autos with a huge slump. What do you make of these numbers of 2. 2 quarter on quarter. It was quite what we expected from the German Economy contracted by 2. 2 quarter by quarter. I was listening into press conference the head of the office saying it is the quarter we are talking about is the quarter where it was like two months not affected by the pan deemia. The lockdown in germany s
Markets. Lets look at what they are telling us in terms of risk out there burden out there. The market is focused on things we will see in the gradual reopening and what that means. Yesterdayarting since , also looking at oil. Is moving to block a Retirement Fund buying chinese stocks. It will give us more of an idea about whats going on between the u. S. And china. Plenty more on your markets. Lets get to bloomberg first word news. , confusion over Prime Minister Boris Johnsons plan to get people back to work. Londons chamber of commerce is telling businesses not to change their plans. Companies are also asking for guidelines on what protective equipment can bought to buy. U. S. Won the battle to ramp up its Testing Capacity according to President Trump. More than three to thousand daily tests are being conducted. An Conference Also saw exchange with reporters. Areral reserve officials saying rates may go negative. They dont see the tool being used in the u. S. , it says it will start
Are hoping to better understand the virus and how to ease restrictions here. And make use of land discrimination israel is said to have been boxing in palestinians and densely Populated Areas for decades. And unsporting premier league clubs say no to resuming the season at a neutral venue the league is now in talks with the u. K. Government about teams using their own state. Its been a deadly day in afghanistan with 2 attacks one on a hospital and another on a funeral a suicide bomber is believed to have set off an explosion among mourners and province thats in the east at least 21 people were killed that 55 injured and a hospital in the capital kabul has also been targeted 14 people died there including 2 newborn babies alexia brian reports. Ambulances and the military raced to the scene of an attack on some of afghanistans most vulnerable. Gunman storming a hospital compound in the capital kabul with the Aid Organization Doctors Without Borders from a maternity clinic new mothers and