The code in 1000 pandemic now the focus is on devastated economies were in a recession will it morph into a depression will the recovery be a huge. Or an l. Shaped across the uk economic recovery im joined by my guest Benjamin Cowen lubbock he is the director of the Free Market Institute professor of economics at Texas Tech University as well as a senior fellow with the independent institute and in los angeles we cross to blighty and he is an independent economic and geopolitical analyst as well as a former commodities trader all right gentlemen crossed up rules in effect that means you can jump in anytime you want and i was appreciated lets go to los angeles 1st here i said about my introduction i guess probably the most important question there is as we come out of this pandemic and its all going to be about the. I mean its everything were going to think about for the next few months if not years is about recovery so infer a very simple question will it be a v a you or in hell go ahe
Coded 1000 pandemic now the focus is on devastated economies were in a recession will it morph into a depression will the recovery be a u. Or an l. Shaped across uk economic recovery im joined by my guest Benjamin Cowen lubbock he is the director of the Free Market Institute professor of economics at Texas Tech University as well as a senior fellow with the independent institute and in los angeles we cross to blighty and he is an independent economic and geopolitical analyst as well as a former commodities trader all right gentlemen crossed up rules in effect that means you can jump in anytime you want and i was appreciated lets go to los angeles 1st here i said in back of my introduction i guess probably the most important question there is as we come out of this pandemic and. Its all going to be about the economy and its everything were going to think about for the next few months if not years is about recovery so infer a very simple question will it be a v a you or in hell go ahead
A workaround for the dispute over ecb bond buying. Crude edges higher on signs of demand recovery. We get a clear picture on the fallout as aramco reports results this hour. Manus a warm welcome to the show. Allianz, a tough time for them, that is what they are reforming reaffirming this morning. An implosion by 30 . That was pretty much as they had warned the market. Call toe, there is this preserve capital. Were standing by the 2019 numbers. The word reopen, what is the view from the cfo . A drawdown of capital from pimco. They have ripped up the guidance , we put those questions to the cfo very shortly. We will speak to the cfo, he joins us for his first interview of the day. What have you got . Nejra great to see you again after my day off. Debt. First half net 7. 5 5 billion euros. They say they could use up to one billion euros in the fiscal third quarter. At first half adjusted ebit 30 million euros. In the meantime, im back, whatd i miss . Nejra you missed the whole debate manu
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
Austrias chancellor tells us shared debt is not the answer to the coronavirus crisis. Meanwhile, chancellor merrickle here in germany has a workaround for the dispute over e. C. B. Bond buying. Testing times. President trump says the u. S. Has prevailed in the battle to boost coronaVirus Testing to capacity. This as Boris Johnson is forced to water down his plans for rebooting the u. K. Economy. Plus, the fed dips into credit on the corporate side. Today marks the opening of a much anticipated facility to buy corporate debt e. T. F. , a key part of the Central Banks coronavirus strategy. Just you said an hour away from the start of cash equity trading in europe and the u. K. Lets take a look at futures here. Ftse n see that we have futures it is changed. Futures across the board are not moving very much, although at least in europe we see some direction. Everything moving to the down side. And more so when you look at the da x, the ibex and the ftse down a third right now. Take a look