Angela merkels coalition hammers out a 130 billion euro booster shot for the economy including Infrastructure Investment and rebates for electric cars. Only one option for the ecb today. The central bank is seen boosting its emergency Bond Buying Program by 500 billion euros. Some investors say anything less would cause a shock similar to marches selloff in peripheral debt. Falling in line. Hsbc and Standard Chartered both back to beijing when it comes to the proposed security law in hong kong. The latter saying it will maintain stability in the region. We are just under an hour away from the start of cash Equities Trading. Lets take a look at what futures are doing. We see red arrows, albeit small red arrows. Ftse futures down 2 10 of 1 . Dax futures unchanged right now. We are starting to see you as futures actually turn higher u. S. Futures actually turn higher. Dow jones is rising. S p and nasdaq futures still down. It looks like weve had some incredible gains. It would be Pretty A
During the coronavirus prices are corona style lockdowns and the resulting massive drop in Economic Activity necessary to fight Global Warming. And germanys beings are in decline and a violent environmental activists say humans are responsible kicked up a political fight that pits environmentalists against coalition government. Plus a time capsule pops up in berlin and its quite groovy. Its a trip back to the sixtys from wall to liechtenstein and one of the Worlds Largest collections of. Goes on display. Im gonna welcome to the program millions of people in india and bangla. They should being evacuated says to emergency shelters as one of the fiercest storms of decades makes landfall cycle and im from his packing dangerous Hurricane Force winds and Authorities Say it could trigger a potentially devastating storm surge along the low lying coast authorities are also worried about the spread of the coronavirus outside lone shelters where they say social distancing is impossible assent to
That completes the risk off picture. Take a look at that bloomberg 1 . Ar index, up about a haven to bid. Investors going into the breen back into the greenback the midof this dismal data. David are the any individual stocks doing particularly better or worse than what we are doing overall . Abigail relative to the horrible Economic Data, some sectors are down even more. One of the big headlines this morning was u. S. Retail sales for march plunging the most ever, down 8. 7 . Core, pvh corps down 14 . Ge down 18 . Industrial production tumbling the most since 1946. The homebuilding sector tumbling the most ever, even more than 2007. Lennar, one of the largest homebuilding companies, down nearly 8 . The reason that stands out is this is a Health Crisis and many analysts are saying will this turn into a financial crisis . Not signs of that happening yet because of all the liquidity the fed is injecting, but could it turn into a housing crisis . The fact that we have the homebuilding sent
Yes bank has a high level of bad loans and not enough capital to cover the losses putting the bank at risk of default thats why the central bank decided to place yes bank under a moratorium and is now working on a merger or takeover naturally a market based. Solutions of the problem a bank lead investor of led resolution of the problem is already refundable we have said that in Office Statement yesterday also so naturally you have to give time to the bank to the management to you know take whatever steps they need to take. Because of the uncertain future shares of yes bank plunged more than 70 percent during trading hours wiping out around 1000000000. 00 euros of market value in a single day its the biggest fall ever of an indian blue chip stocks. Yes or no bank lets go to both had been kind of run a krishnan who joins us from delhi from the new site scroll rohan could you tell us whether or not depositors should be panicking right now. Broadly speaking to both of our fine yesterday it
Thank you. This hearing is entitled Holding Wells Fargo Accountable examining the roll of board of directors and that the greatest patterns of consumer abuses. Today, we received testimony from elisabeth and mr. James quigley who until earlier this weeks are as chair of the board of directors of wells fargo and companys Walls Fargo Bank respectively. Both have resigned as our call for the resignations following the release of us phasing majority statute on wells fargos compliance failures in their individual failures as Board Members. Resignations do not absolve them of their failures. Directors at wells fargo, and institutions across this country must understand that they are the last line of defense when it comes to protecting your companys shareholders, employees and customers. And while ms. Duke mystically said said, there resigned to quote, avoid distractions that would be cleared and this is not a distraction, we are examining the conduct and the dereliction of duty. Over the pas