Significant challenges. Hedges rise, oil falls for a cplus talks ope are delayed for a third day. Crude had capped its biggest monthly increase since may. Heading for the exit. Unicredits ceo is stepping down after four years at the top of italys biggest bank. It comes amid clashes with Board Members over acquisitions. It is 6 00 a. M. In london, 7 00 a. M. In vienna. We are where we are supposed to be. You wanted to start with oil. I absolutely applaud the decision. There is this line that the prince threatened to resign. My question is simple, is that petulance, posturing, or productive . Good morning . Morning. Annmarie i am certainly sure it is not productive. They are meeting on thursday. A brilliant note overnight saying that like with everything with opec the first day, there is always drama. She compared it to as much as drama you would see in an episode of gossip girl. A lot of infighting. Usually, you and i will report on it between saudi arabia and russia. This time, it is r
A 2nd wave of coded 19 but his Health Experts say infections will come back. After 9 years of a war in syria the 1st trial linked to alleged state sponsored torture has begun in germany plus. Field u. N. Technology thats making it difficult for nations to connect when they need to be communicating more than ever. And in school the n. F. L. Draft gets ready to go virtual the games best Young Players be selected remotely with millions of fans watching. Lets get going we begin this news hour in germany where the chancellor Angela Merkel has issued a call for Greater Unity in the fight against with 19 during a speech to the Parliament Mrs merkel emphasized both the need for International Cooperation and also within the European Union saying success could only come if the book could fight the virus together with that in mind she called for a bigger budget and she said germany was ready to pay quote significantly more to help with the economic. Recovery that comes as a youth leaders prepare
Your new i hear. What President Trump has launched his initiative to reopen america in the coming weeks americans across the country took to the streets calling for changes to be made right now but while some demonstrators say they are in favor of the Administration Others have criticized its response to the pandemic arties Rachel Blevins is joining us live from the newsroom with more details to all of this so rachel what can you tell us well manila in the midst of a nationwide walk down Many Americans are taking to the streets voicing their opposition to the ongoing restrictions in the name of stopping the coronavirus over the weekend demonstrations were carried out in florida virginia michigan maryland texas california and 10 other states in idaho over 1000 protesters broke social distancing protocols. As they gathered outside of the State Capitol building in boise many of them wave signs that read there is no justification for taking individual freedom in the guise of Public Safety
And bank ofs, citi, america all reporting today after j. P. Morgan and wells fargo yesterday. The pboc cuts mediumterm borrowing costs again amid expectations of further easing, after the imf warns this years downturn could match that of the Great Depression. We are just under an hour away from the start of cash equity trading across europe. Lets take a look at how futures are trading. We had gains in the cash trade yesterday in europe, with the exception of the ftse, and big gains in the u. S. To close the session last night. Mixed trade in asia as the earnings season began to kind of way on some investors sentiment. As a result, we see european futures down this morning. Nasdaq, u. S. Futures down as well, about two thirds of 1 . Lets get you the bloomberg first word news from the terminal. President trump says he is suspending u. S. Funding for the World Health Organization while his administration reviews its response to the coronavirus. He says the who was slow to share informatio
That welcome just gone 3 oclock in the afternoon here in moscow you will see international now World Oil Stocks are taking a heavy hit following the true producing countries to agree to production cuts as demand for oil falls saudi arabia has now said it will increase output so thats done a lot to the price of oil today its damaged it significantly dont courses here to talk more just tell us about the latest state of the markets well andy the markets are going way down since mondays opening asias markets have seriously plunged to european and american futures are in freefall and oil prices have seen their sharpest drop since the 1st gulf war in 1901 so its not exactly a good situation sure and its all been sort of painted on an argument between saudi arabia and russia just expand on that yeah exactly basically it started with i mean a price wars. The raging right now between saudi arabia and russia started over the weekend when riyadh which runs the Worlds Largest oil company cut the p