Ad the u. K. Is to planning custom regime at its border. Michael is expected to rule out extending the brexit transition period today. Welcome to daybreak europe. We saw quite a drop, the stop and 12 weeks in the s p 500, declines of almost 6 . Somehow they are saying it will be normal. You see consolidation, gain in futures following a drop like that. Whats it about jay powell . Was it concerns about a second wave . Or was it because of bullish positioning and sentiment getting a little too stretched . Whatever it was, youre seeing the selloff continue in asia today, about 1 or more in u. S. Futures. The european futures firmly in the red. We saw some Dollar Strength in yesterdays session, which speaks to studying somewhat today, a drop of almost six basis points in the 10 year treasury yield. We move up 2. 5 today, and oil set for his first weekly drop since april, being swept up in those second wave fears. As i was saying, he was stocks saw their worst selloff since march, with almo
To be a coordinated e. U. Wide response but it really has been anything but to be honest because what weve seen is Different Countries really opening their borders at different paces for example than i did. Border checks for you citizens traveling into the country however some borders are closed for example the border between france and spain that is because spain has decided it doesnt want to reopen its border until at least june the 21st it could be somewhat later than that well the french president addressed the nation and the french people on sunday night saying that it was very important that people in europe began to feel more comfortable enough that they can travel around but he said of course the virus is still very much among us however the french president said that france is now in a socalled green zone and what that means is that the risk of infections is no the government says it is more or less on to control him so no restrictions have lifted so for example here in paris
Still but i dont think that the local Law Enforcement system is to stand there clearly racist i understand that distrust however of the Africanamerican Community given the history in this country because i think we have to recognize that for most of our history our institutions were explicitly racist protest marches are starting in new york as well christian salumi is there. Yeah demonstrators continue to come out in force weve seen all day thousands taking to the streets like what were seeing behind me here would happen here in manhattan its happening in brooklyn and rallies in parks all over the city. You notice behind me some of the stores are still boarded up from what happened a few nights ago some looting the last few nights have been very peaceful and weve seen some victories for the demonstrators as well with. The mare and the governor announcing steps towards Police Reform that they are valid to take in the wake of this outpouring of support i should also point out that as wev
First time in years. And the fed the ecb cuts funding costs. Boris johnson pledges a lockdown exit plan. Welcome to daybreak era. As we head into may, how about these markets . 1987. St month since u. S. Equities. U. S. Jobless claims yesterday, the you want to focus on the unemployed or the fact that the claims have been decelerating for four weeks. We saw a red on the screen yesterday. More than 1 . Own a lot of markets closed. In asia, japan is open. Read on the screen for japan. Many are closed but ftse futures points to a down day. Risk off across the markets. Dollar strength coming through on the bloomberg dollar index. Oil is an outlier in terms of the risk picture heading for a monthly gain. Coronavirus,o the u. S. Coronavirus cases recorded the slowest daily increase for the month of april. Resident donald trump will theel to camp david for first time leaving the white house compound for more than a month. The president is preparing to resume travel and reopen the economy. Yor
Media and especially from the resistance sort of left or mocking trump for saying the crazy thing you know maybe we can inject disinfectants into americans in order to help them recover from coronavirus i cope at 19 so while they were laughing at them the very same day they were laughing at john for saying that they announced this why didnt any will wait until the official nomination to bring in the ghouls yes thats Larry Summers advising Biden Campaign on economic recovery just a reminder that summers in 1901 of running the World Bank Issued a memo saying that we should dump our toxic waste from the west developed nations onto the least developed nations to those who cant fight back because they dont have the you know the wealth or the sophistication to appreciate how toxic waste can ruin their environment they dont understand beauty like somebody like Larry Summers he also was instrumental in passing the commodity futures modernization act which legalized gambling turned derivatives