Rise as the fallout cripples the global economy. Avoid itsbe forced to growth targets for the year. Shery lets get a quick check of the markets. We are seeing u. S. Futures rising a 10th of 1 . This after u. S. Stocks fell for the first time in three days. We have a mixed corporate bag of earnings. Not to mention worsening economic data. U. S. Companies cutting a record 20. 2 million jobs in april. Tone comingsk off from increased coronavirus cases and deaths in italy and new york. 10 year yield at the highest level in three weeks. The u. S. Has increased the amount of debt plans to issue in quarterly refunding options. We have the s p 500 falling 7 10 of 1 . Utilities and Energy Leading the decline. Lets take a look at what oil is doing. It is rebounding. 2 . Er than higher by this after snapping a five day rally on supply glut. Saw data showing u. S. Gasoline demand is steadily recovery. Lets turn to our top story, the war of words between china and the u. S. Intensify yet again with
Diary. And welcoming us into the. Let us get as up close and personal as the pandemic will allow. The diaries starts minute d. W. All eyes on europe and the u. S. As their economies begin reopening in parts so can businesses find their footing or will a 2nd wave of infections push them back to the brink. Also coming up saudi arabia announces further cuts in Oil Production and further measures to help its Oil Dependent economy. And well look at how the pandemic is threatening medicine shortage just at a pharmacy near you. This is your Business Report im Stephen Beardsley its good to have you with us wall street wavered monday as more economies began reopening at risk of new infections the dow index. Much of the session down before recovering some of its losses in spain france and belgium have all relaxed some pandemic restrictions beginning this week as have more states in the u. S. Meanwhile south korea once a model for its response is reporting new cases as is the chinese city of wood
Virgin australia tracks interest from indias largest by just budget carrier. Shery lets get you started with a quick check of how the markets are trading. We are seeing u. S. Futures under pressure, this after the regular session ended mixed. Markets pretty optimistic about reopening some parts of the u. S. Economy, but also a bit more cautious given that we have seen flareups around the world. The s p 500 finished unchanged. Health care led the gains, but financials weighed on the index. The nasdaq composite getting for the sixth consecutive session, outperforming again. The longest winning streak this year. Take a look at what oil is doing. Wti gaining ground, above 24 a barrel. This after it fell and erased earlier gains in the new york session. Tohave saudi arabias plan output, providing a boost but that was not sustained. We have opec given its Monthly Oil Market report on wednesday. Haidi in the u. S. , President Trump has responded to reports china is considering scrapping the p
Theyre keeping a diary. And welcoming us into their stuff. A little sketchy as up close and personal as the pandemic will of my own. Diaries starts many teams g. W. All eyes on europe and the u. S. As their economies begin reopening in parts so can businesses find their footing a 2nd wave of infections push them back to the brink. Also coming up saudi arabia announces further cuts in Oil Production and further measures to help its Oil Dependent economy. And well look at how the pandemic is threatening medicine shortages at a pharmacy near you. This is your Business Report im Stephen Beardsley its good to have you. With us wall street wavered monday as more economies began reopening at risk of new infections the dow index spending much of the session down before recovering some of its losses spain france and belgium have all relaxed some pandemic restrictions beginning this week as have more states in the u. S. Meanwhile south korea once a model for its response is reporting new cases a
Suchi over the persecution of a 100 muslims and a giant asteroid is hurtling past earth but close enough for astronomers to study it. Were looking at the economic effects of the corona virus pandemic this hour they are being felt in many parts of the Global Economy aviation and oil is specially and its hitting the big players airbus has already said its bleeding cash at an unprecedented speed and announced it would cut production by a 3rd now it has posted a 1st quarter loss of half a 1000000000. 00 the chief executive of the european or a Swiss Company is warning this is quote the greatest crisis the industry has ever known its rival in the u. S. Boeing has already announced plans to cut 7000 jobs its chief executive predicts global revenues in the industry could drop by more than 300000000000 dollars this year and then 3 years after it will be in a recovery phase and in the u. K. British airways is set to shed up to 12000. 00 jobs which would be a 3rd of its workforce the airline has