Euro bailout investors price in the prospect of negative interest rat rates after opening the door to the policy of course we are keeping it to where the access would be a very warm welcome to street signs. Weve got some fresh data coming through. This is flash pmis as a whoeld. The flash manufacturing pmi for may has come in at 39. 5 up from 33. 4 in april in terms of the composite number for the eurozone, that has come in at 30. 5 up from 30. 6 in april the services pmi which has been the hardest hit sector as a result of the lockdowns. That has come in at 28. 7 up from 12 in april, we already had france and germany come through and we have the overall eurozone number. One other thing, one of the key kpoen nants here, the new business pmi has come in at 28. 4 in april an uptick there. Contraction did ease in may but still very sharp we have the euro trading slightly weaker versus the dollar this morning. Lets bring in our first guest Chris Williamson geoff and steve also with us chri
Ease concern over coronavirus. 1 10 year yield falls below for the first time in over 150 years. Uncoordinated action. Other g7 Central Banks are yet to follow suit, though expectations for the central bank of canada, japan, and korea and furtherrowing to fall. Scott meinhardt said u. S. Equities could slump another 15 but a surprise come back for joe biden on super tuesday cease turn positive. Speaking of the biden news, we are getting a breaking headline on the bloomberg terminal that joe biden has won the Texas Democratic president ial primary, state that was expected to show strong support for Bernie Sanders, has gone instead for joe biden according to the associated press. Of super tuesday for joe biden. A contender who had almost been counted out after the initial caucuses, coming back in a big way after getting endorsements from Amy Klobuchar and pete buttigieg. Matt, lets go from the United States politics to Money Management in the u. K. Breaking news on the uks largest manage
These are the markets. A little bit of a lift, and a lot of focus on tray concerns between the u. S. And china. A letter concerns with turkey and possible sanctions. Overall, there is optimism about fed policy and when it comes to brexit. 26 and there seems to be hope on the market. It will be difficult on brexit by the end of the week. Thursday and friday is the allimportant eu summit in brussels. Wirecard under extreme pressure. Aumping this morning after ofry accuses the Company Total nonsense. The share price is down 15 . We will speak to the nobel prizewinning economist who won yesterday, Michael Kremer. Time, a london conversation with James Bullard. Brexit. Gan with the eu chief negotiator Michel Barnier saying a deal is possible this week, after the telegraph reported a mood of cautious optimism. The leader of thin land who says there isnd not enough time to reach a deal before thursday. In hong kong chief executive carrie lam denied the city is a police state. She repeated vio
On allmond avenue near monterey highway. The vehicle hit a utility pole and that knocked out power to the block. One business located near the class crash said the loss of service hits them in the wallet. We are losing money. We are losing a lot. Who wi repay you to me . As the Police Department to pay oh . When you think . I dont know. I dont know too. I hope they will fix it today. Pg e crews say they hope to restore service by 7 pm. San jose police will only say the crash involved one vehicle the officer was not injured. Shelter in place effect for three schools has been lifted after police investigated a device found at bowers park. The three schools had to shelter in place for an hour while the Santa Clara County sheriffs bomb squad clear the area. Nearby residents were asked to shelter in place but no evacuation orders were issued. Senior management at Nustar Energy are defending the company after explosive accusations that employees abandon the facilities during tuesdays fire an
This new team assembled here and reflecting, i think, the depth and breadth of talent in our extraordinary party. He then set off for the commons, where mrjohnson told mps, while he wants to leave the eu with a deal, there must be preparations for a no deal brexit. Today is the first day of a new approach which will end with our exit from the eu on the 31st of october. And in cricket, nightwatchmanjack leach hits a spectacular 92 as england open up a slender lead against ireland in the four day test at lords. The uk has seen the second hottest day on record, with temperatures reaching 38. 1 celsius in cambridgeshire. Its also the hottest day of the year so far. While families are enjoying the school holidays, the heatwave is a chance to bask in the tropical temperatures, for others, the extreme weather could mean disruption or a danger to health. Public Health England has issued a heat health warning. Lets speak to our weather presenter, chris fawkes, about whats causing this record br