The p. M. I. Well dive deep into this in a bit. Look at the boards. The dollar still holds on to the retreat. That is helping some asian currencies out there. Ere holding on 706. We were near the 100day moving average. Were siegristance now that the dollar seems to be hovering around the twoweek lows despite the fact but were seeing the dollaryen pretty much at 168 but seeing at least six days of gains so far for the japanese currency. Watching oil price. We see it climbs once again. You are seeing w. T. I. Futures. 4 higher for brent crude. Gold snapped out of four dives declines. It is largely unchanged. Hovering around 62 basis points now. We have the First Official gauge for chinas economy in april. Weakened again. Investors are waiting to see what steps the pboc may take to bolster the economy. Our guest from citigroup joins us this morning. What is your assessment of the p. M. I. Data that we got. Nonmanufacturing. Manufacturing below the forecast. Still in expansion territory. A
Jerome powell talks of heartbreaking harm from the coronavirus and says the pandemic has brought the u. S. To an abrupt halt. We are seeing optimism with asian stocks really prized to follow the leader when it comes to gains on wall street overnight. The s p 500 gaining 2. 5 percent, touching a sevenweek high as we have the dual optimism over expected track to a vaccine with the socalled operation work speed from the Trump Administration. More encouraging news about efficacy on a Gilead Sciences therapeutic as well. We are taking a look at gains resuming in new zealand. Japanese futures pointed up after yesterdays public holiday. U. S. Futures also showing an extension of those public gains. On seeing futures looking positive as well. Korea closed today and hong kong markets closed for the birthday holiday. Taking a look at oil because we are seeing a second day of gains for wti up, the 22 plus gain in the overnight session. We are seeing opening up here higher by over 6 in asia. This
Thank you so much for joining us for our special coverage of the Memorial Service in the town of hono germanys leaders are gathering there right now together with thousands among them survivors and relatives to remember the victims of the racially motivated attack a far a gunman shot 9 people dead in shisha bars there 2 weeks ago he then went on to kill his mother before turning the gun on himself well the initial outpouring of grief in this city soon led to demonstrations not only in han alley itself but across the country people took to the streets to call on their governments to redouble its efforts in dealing with far right extremists well in the aftermath the german chancellor Angela Merkel described racism as a poison in society shes attending the Memorial Service today and. We will bring you german president frank of the star meyers speech live. But as we wait for him to stay to address the crowd at the memorial like to introduce to you my colleague your Political Correspondent
We have a huge lineup this morning. Steven mnuchin will join us. That is at 7 45 a. M. Eastern at 8 00, well get reaction from political strategist hes been out all over the place what is there to talk about . A few things what did we say . President trump is ripping apple . Ive said all along, apple has to get on board. Switching sides no. Im not. It is not apples responsibility to keep us safe the issue is how much theyve been cooperating it does sound like the company has been pretty responsive they dont want to create an encryption key to allow any government to get any phone. They should cooperate in cases like this. I hope they are cooperating behind the scenes. I do want to see them cooperate on some of these but i can under the broader issue. The journals point is that in the meantime, apple shouldnt be seen as a public enemy no. So barr wants cooperation. Right but not just on this issue. He wants to create a larger issue. He wants to establish and create law for life that wou
Mr. Clerk, can you please call roll call . Item one, roll call. [roll call] we have a quorum. Thank you. I will proceed with the chairs reports. Colleagues, i would like to begin this meeting with offering our collective deepest condolences to the families of Michael Evans and Benjamin Dean who were hit and killed in horrific crashes on our streets last week, as well as kelly dean who is critically injured and in the hospital. As was noted at the rally on the steps of city hall this morning, commissioner haney organized it, and motorists must slow down. The tenderloin, which is an area that commissioner haney and i share, his not a traffic sewer, it is a neighborhood, and i did not have a chance to say this morning at the rally, but when you drive through there, if you are watching my face, when you drive through there, you drive through there at 25 miles an hour or less. Speed kills. I am going to depart from my remarks and say the following thing, which is we are joined by we were jo