Will accept junk, recent fallen angels as collateral. Time now for todays market moving news from brussels in new york. We want to begin in europe, where the pandemic drove the economy to a record slump in april. Pmi Area Services completely decimated, falling to 11. 7. Manufacturing also dropped to 33. 6. Bloombergs maria tadeo joins me from brussels. Maria what you are seeing is that the Coronavirus Crisis is going to do a lot of damage to the european economy. [indiscernible] brussels tell us they do anticipate a contraction for the entire euro area. This is potentially huge. Youre seeing again the European Central bank stepping in to try to shield some of those markets, in particular in countries like. Taly ,he other side of the equation what exactly are european leaders going to do to help the ecb, to put more money on the table and also protect their own economies . There has been a lot of backandforth. Perhaps a 2 trillion euro package. But all of this is still very much in the
In a newncanguage like spanish, fh, german, els 10 to 1s are available as an more information on, babbel. Com. The freeman foundation. By judy and peter kovler foundation; pursuing solutions for americas neglected needs. And by contributions to this pbs station from viewer you. Thank you. Announcer and now, bbc world news. Off the coast for a of days. It is coming into port in san francisco. All of the people on board will be quarantined. We will look at the president ial response to the crisis more broadly d update you on what the w h who has been saying. They said that the outbreak has been close to a pandemic. This coronavirus outbreak is now testing, economialth systems and governments arounde pdates from italy, the u. S. , ireland,hina, the u. K. And elsewhere. The number of cases worldwide in more than 110,000. The death toll is close to 4000. 60 people have recovered. Hewe will haveatest on the virus spread ia moment. This is not just to health crisis, it is an economic crisis a