Points. Brent really rolling over by about 5 , much worse than wti. It is now a pure demand issue. You see equities taking it on the chin, as well as commodities. Time for todays top market moving news from new york and our london team. We want to begin in the u. S. Come over Senate Democrats blocked Mitch Mcconnells attempt to advance the coronavirus economic rescue package. Minneapolis fed president neel bloomberg the fed can do more to support the economy. We are being more aggressive. Is there more we can do . Yes. Is there more we may end up doing . Yes, but i feel we are being very aggressive. Alix joining me for more is Michael Mckee. Walk us through what he said, what more they can do, and what is going on in d. C. Michael jim bullard is the one who really scared the markets by saying a 30 Unemployment Rate and perhaps a 50 annualized decline in gdp during the Second Quarter. Morgan stanleys is the closest to that 30 , so he thinks things can be much worse. They still say the f
Washington, our bloomberg voices are on the ground with todays top stories. Newndia, protests against a citizenship law sparked unrest across the country, raising concerns that Prime Minister Narendra Modi has taken his agenda too far. Joining me from new delhis bloombergs Southeast Asia government editor. These protests have been going on for about a week now. What do they want . What is the goal here . Reporter they want this new law overturned. This law bans undocumented migrants from neighboring citizenship,king while allowing migrants of other religions. Ifi has pushed this wrapped policies in the past, like his decision to demonetize 80 of the countrys currency, and yet he was reelected with a massive mandate in may. But the depth of this anger really hints that he is pushing his hardline hindu agenda too hard this time. Alix now we had to london, where the threat of a new deal poundsas wiped out the postelection gains. Joining us is jess shankleman. What happened the last few ho
No surprise. That risk on rally. It felt like oil helped in some ways to turn the market around, too. You had a sloppy 10 year auction and reporting from bloomberg that said saudi arabia is hey,ng its buddies, saying we need some help. David the u. S. Will report jobless claims for the past week. At 1 00, the u. S. Treasury will auction 19 billion 19 million in 30 year bonds. Cbs and yelp will report quarterly earnings. We are joined by luke kawa and Michael Mckee taylor and Michael Mckee. Lets start with that china data. As you know, exports actually went up. Theiris another line on on the imports which shows they are negative, but better off than it had been. Michael the numbers are a bit of an anomaly because we did see in june president put additional tariffs on. Economists are expecting this to turn around because of the threat of new terror of new tariffs. Bloomberg had a very interesting story yesterday that said warehouses in the u. S. Would fall. Not chart where you put anythi