Package. The merger between psa and fiat in a move that could force more concessions from the auto giants a new designated driver. Replacing the head of vw brands as the automaker battles with unions over cost cutting plans saudi arabia will no longer cut Additional Oil they say demand is thriving. With we have no whatsoever for lack all of us in the whole World Oil Market have no stomach whatsoever for any type of laxityies. A warm welcome to street signs. European markets have been open about an hour now. It has already been a choppy session. We open in positive territory. Now the main benchmark is down 0. 4 yesterday, the main benchmark dropped 0. 3 what was remarkable was the fact we saw the final recession word enter the mix. Declaring the United States has officially entered a recession just as the nasdaq hit a new record high and raised all losses for 2020. Major difference for what we are seeing in Financial Markets and what we are seeing in the real economy. Begging the questi
The National Guard is ordered out of washington as people protest continues. Lets check on the markets. Saw ong those gains we friday, resuming the rally on better than expected jobs numbers from that job support. We are seeing new zealand trading higher. Bouncing back from the friday selloff. Sidney, we dont have trading today due to the queens birthday, long weekend. We are watching the aussie dollar. In terms of u. S. Futures, we have seen a pop up of about 0. 5 . Lets look at the oil patch. We had the extension by opec in the alliance. We are seeing upside when it comes to crude, up by 1. 6 . New york crude just over 40 a barrel. Continued gains when it comes to commodity commodities related currencies. Sophie protests continue across the u. S. And around the world as some of the largest crowds gathered over the weekend. The demonstrations have been largely peaceful. Cities have lifted curfews and President Trump has ordered the National Guard out of washington. A bloomberg editor
That 10,000 mark and close there. The market picture is mixed, of course, as george floyd is laid to rest in houston. You are looking live inside the fountain of praise church as the Memorial Service continues. The death of the africanamerican man in Police Custody just over three weeks ago was the spark for protests on racial inequality and police brutality. Major corporations, you have seen this, we have told you about it, rushing to pledge support for the cause. Randall pinkette is not only the winner of season four of the apprentice but he founded and runs a company that actually leads corporations in a whole bunch of Government Agencies to overcome the racial divide. Hes here and he will tell you which companies are doing it right and what else has to be done to achieve true equality in the workplace. Forget carmageddon. Vroom is shooting straight up after its ipo today, up triple digit percentages. Wait until you see that. The ceo of the online used car dealership is here on whet
And twitter adds a fact check donaldor u. S. President trump for the first time. He accuses the media giant of stifling free speech. Manus just on 6 00 a. M. In london. I dont have a big enough following for a fact check. Good morning. Economic risk, Political Risk, and earnings risk. Right now, the markets are ignoring Political Risk, whether they are right or wrong, but they are certainly focused on economic risk. Jamie dimon embolden us with his comments of a fairly rapid economic recovery. He and bullard have come down towards 10 unemployment. I want to remind you 10 unemployment was the top of the Global Financial crisis. I know the stimulus is different, but these are very bullish economic record pieces that inflame the mood this morning. Good morning. Nejra good morning. Yes, it is really interesting with jamie dimons focus, versus what we saw in 20082009. That leads people to question at this point when we do see the rally continuing in risk assets, particularly equities, with
Standoff over highway checkpoints native american tribes clash with the republican governor in the u. S. State of south dakota. Another snag for the largest hydroelectric dam in africa sit down rejects ethiopias plans to start filling the reservoir with water. And parts of a Chinese Rocket crashed to earth in the most significant uncontrolled descent of space junk in decades. The European Union is urging leaders to reopen borders closed because of the coronavirus pandemic tourism makes up 10 percent of the blocks economy and the e. U. Says the industry is now at the risk of collapse unless urgent measures are taken natasha bottle reports from power. A glimpse of war going on a holiday in some parts of europe will look like this summer barriers separating sun loungers on the greek island of santorini not the beach experience the most holiday makers a used to but one that complies with new social distancing rules we hope these barriers wont be the future for beaches we dont want this but