Terrible composite pmis from the region. Oil continuing that recordbreaking rally yesterday. Some delegates a little bit more optimistic about getting deals done. Now i want to update you on our top stories from our new york team. We want to begin with europe. Thentioned the economies in slump of unprecedented scale, pointing to a contraction of about 10 . Bloombergs Michael Mckee joins us with more. Good morning, mike. Michael we are getting to the point where Economic Data are almost irrelevant to investors. Yeah, it is terrible. We know that. Weve traded it. Thats why you are not seeing a huge reaction in equity markets in europe because it was largely expected. It is sort of exactly what you think wouldve happened. Services pmis and composite pmis just falling off a cliff. The story in spain and italy there, but also france and germany. Those economies have basically shut down. Economists try to put a number on what that means, and that is where you get that 10 contraction figure,
Economy could lose a chunk the size of japan as coronavirus cases top 1. 5 million. Across extends gains opecplus meetings as Top Producers move closer to a deal. Cutia says it is ready to 1. 6 billion barrels a day. Just under one hour from the start of cash equity trading. Lets take a look at your futures. Gains inoking at futures on the ftse, cac, and dax of 1. 2 . More than 1 gains in european futures. U. S. Futures had a mixed picture. Nasdaq futures were down and we were seeing gains over the last 30 seconds. We are seeing u. S. Futures climb wellwell ahead of the open in new york. Johnson haser boris spent a third night in Critical Care where we are told his condition is improving. Officials are drawing up plans to extend the lockdown in a bid to control the crisis. Scientists predict the u. K. Will be headed into the peak of the outbreak over the next week. Biden is thejoe Presumptive Democratic nominee for president. Thats as Bernie Sanders ended his run, thanking supporters f
Unprecedented move the u. S. State department indicts venezuelas president Nicolas Maduro on allegations of Drug Trafficking there are also reward money is being offered were going to discuss all right its time to boost your news i q. Hard coded 1000 again dominating headlines with now a 170 countries and territories reporting new cases here are the latest numbers worldwide there are now more than 500000 confirmed cases and more than 22000 deaths and right here stateside confirmed cases now top 74000. 00 and deaths related to the virus just over 1000. 00 and here in washington after days of debate republicans and democrats came together to pass the largest ever stimulus package for americans in. Patted by the coronavirus shutdown the bill is now headed to the house and President Trump has already promised his signature archys Rachel Blevins is joining us live with a breakdown of whats in this bill rachel well manella 1 the senates 11th hour vote is being called historic after the democ
Who are all going through illegal lives. Hello theyre just gone 5 oclock here in moscow you without international our top story this hour World Oil Stocks are taking a major hit today following the failure of crude producing countries to agree production cuts as demand for oil fulsom it fears about the coronavirus saudi arabia says it will now actually increase output in a dispute with russia so lets get the details on this one quarter joins us in the studio for more on just bring us up to speed then on the latest developments while indeed the markets in short are just going way down since mondays opening Global Markets have taken a huge plunge the price of oil has seen its biggest drop since the 1st gulf war in 1901 and wall street futures are really in freefall right now i me. They even had to be trading of them had to be closed early today this was the 1st time this has happened since 2016 so not a not at all good news at all down to this plummet in the price of oil this is basicall
Am calling for the end of life all go into israel and the relief to their lives. Good evening just gone 6 here in moscow youre watching r. T. International our top story this hour World Oil Stocks are taking a major hit today following the failure of crude producing countries through agree to production cuts as demand for oil falls a myth is about the coronavirus saudi arabia says it will increase output after a dispute with russia on quarter as more details since mondays opening Global Markets have taken a huge plunge the price of oil has seen its biggest drop since the 1st gulf war in 1901 and wall street futures are really in freefall right now i mean the trading of them had to be closed early today this was the 1st time this has happened since 2016 it all started last week last friday when opec held a meeting with the. Russia to discuss an agreement about potentially lowering Global Oil Production by 1500000 barrels a day now that was amidst a big drop in Global Demand linked to th