And this is the one bit to show you cant afford to miss more in washington coming up also the ongoing global unrest and provirus has been the Oil Price War between opec member we catch up on the moves in the oil sector where demand stands amid the drop in travel plus i. G. M. Has announced that the company is stepping out of the facial recognition game after growing outrage surrounding the practice we take a dive into the Controversial Technology and how the firms stock is reacting we have a fact show today so lets dive right in. And the United States has officially entered a recession in february of this year ending 128 months of economic expansion which was the longest run in more than 150 years. According to the National Bureau of Economic Research now the announcement from this organization comes much earlier in a recession than they generally like the any b r wrote about the situation saying the unprecedented magnitude of the decline in employment and production and its broad reac
And astrazeneca is said to have made a preliminary approach to gilead. A merger between the two would be the biggest deal ever in the sector. It has just gone see it 6 00 a. M. In london. Nejra, welcome back. You went away and you unleashed the burn. I know you are excited. Curvee never far from a steepener. Bondthis momentum in the market be a repricing or is there a risk from jay powell to the bond market . A few bonds at 1 . The older you get, the more enticing 1 looks. Good morning. Bears were really on a tear. Curve is the steepest in more than three years. It is good to be back. Last week was a memorable week. Was it really a turning point for risk assets . That is the question. How high will the hurdles be this week . The ecb went above and beyond last week. Can we expect much from the fed this week . Futures are positive in the u. S. European futures are looking a little negative. Eighth day ofits declines. A lot of that has to do with the euro strength. We have pulled back fro
And here are your top headlines. Angela merkel and president Emmanuel Macron back a 500 billion Euro Recovery Fund for the European Union. The deal needs the support of all 27 eu members, but the two countries of the biggest payers. President trump called the World Health Organization a puppet of china and promise to pull u. S. Funding. Stocks and futures shake off tensions and push higher. After eights potential vaccine for coronavirus. It is raising 1. 3 billion to fund the development. Just under one hour from the start of cash equity trading in europe. We kick off this program with a relatively dire number, european car sales are down 78 in april as demand evaporates. You expect that if you cannot leave the house. Stock futures are barely higher now. Just above unchanged. Dax and ftse futures up about 0. 1 . We have breaking news from the u. K. In terms of the regime that will apply from january 1. Earlier this place year, but we are in this transition phase until the end of decemb
A turning point. Accused of involvement in the murder of his former wife the suitors Prime Minister resigns after months of speculation. And left high and dry by the coronavirus endemic filipino maritime workers will now face an uncertain future. There will be an independent inquiry into the International Response of the coronaVirus Outbreak investigation will include an examination of the World Health Organizations role the 194. 00 w. H. O. Member states unanimously passed the European Union resolution that would allow for what they called a comprehensive evaluation of the Global Reaction w h o director general dr. Welcomed the resolution our own ways. That majority remains fairly quite muted to transparency accountability and continues improvement we want accountability. Anyone. But the resolution follows sharp criticism of the w. H. O. By u. S. President donald trump he says missteps by the organization came at an extreme cost basically they have to clean up their act they have to d
Speculation and an argentinean Community Leader dies from the coronavirus after fighting for clean water in one of the biggest slums in when as i say. There will be an independent inquiry into the International Response to the coronaVirus Outbreak the investigation will include an examination of the World Health Organizations role the 194. 00 w. H. O. Member states unanimously passed the European Union resolution that would allow for what they called a comprehensive evaluation d of the Global Reaction w. H. O. Director general dr ted. Welcomed the resolution ive only used. Dubliner george remains fully committed to transparency accountability and continues improvement we want accountability more than anyone well the resolution follows sharp criticism of the w. H. O. By u. S. President donald trump he says missteps by the organization came at an extreme cost basically they have to clean up their act they have to do a better job they have to be much more fair to other countries including