But the breakdown of oil today on Global Demand is really significant. Under 40, not only but well on to new lows right now, 39. 71 on world oil. It is much more about the pandemic than it is the epsilon off the american election. Jonathan a breakdown on the equity benchmark in frankfurt, germany, the dax suffering. What is new about today . The dollar bid through g10 against e. M. You mentioned the turkish lira this morning as well. The Dollar Strength returns with a bit of a vengeance this wednesday morning. Tom let me triangulate again here triangulate yen here, folks. You throw the dollar out and look at euroyen, and euroyen clearly indicates weak euro. Lisa teladoc a. M. , german chancellor ashtead 00 a. M. ,erman chancellor 10 00 a. M. German chancellor Angela Merkel discussing new restrictions to stave off the rapidly increasing number of cases of covid. Also at 10 00 a. M. , ceos of facebookalphabet, and are testifying to a Senate Committee on restrictions of political messages
Middle of may. The key question is why should Americans Care about it because it will rebound right back if it fails this weekend. Jonathan what is failure this weekend . What is success . Will they kick the can european style, or will we see progress . Lisa theres less than a 50 chance there will be a deal agreed upon, something we are watching. 8 30 am, u. S. Housing starts and building permits. Got Mortgage Rates under 3 at record lows. P. M. , former fed chair janet yellen and ben bernanke testifying before congress, signing a letter alongside 28 other economists urging more fiscal support, piggybacking on what a lot of people are saying. Tomorrow, that meeting in brussels wraps up. It is believed to be the biggest meeting of World Leaders since the pandemic started. They are taking measures such as opening bathroom doors with their elbows to avoid spreading the virus. Jonathan why dont they just do it with their feet . Tom this is really important. The Prime Minister of the United
Futures searching for direction. Take a look, gain in the dow but decline on s p after wild day yesterday. Dow erasing all of its early gains of more than 900 points to end the day negative yesterday at 4 00 oclock on wall street, the dow industrials coming down from a gain of 900 to end down 26, the nasdaq down 25 and s p 4 points. Treasury secretary mnuchin seeking 250 quadrillion. If the money did run out the white house would go back to congress and ask for more. Meanwhile in china the country ending the lockdown of wuhan, people allow today leave the city where outbreak began. Mornings with maria is live right now. Global markets this morning red across the board in europe. Take a look at european indices, cac quarante 75. Still no unified response in europe to coronavirus pandemic from European Union leaders following 16 hours of discussions, talks set to resume tomorrow. Boris johnson remains in intensive care as he battles coronavirus. Overnight in asia and markets in china, so
Across markets trying to figure out what the latest tariffs mean for some of the allies of the u. S. This after moves against an array of trading partners. Lets check in also on crude. Opec starts in a couple of days. We also have a great lineup of guests today. Later the brazilian environment minister and a 10 00 a. M. U. K. Time we have the chief executive officer of. Lets get straight to the bloomberg first word news in new york city. We begin with this, no impeachable offenses, that is the conclusion of the report of the investigation of the republican report of investigation. The democrats are expected to release their findings, that is ahead of the u. S. Judiciary Committee First public hearing on wednesday. Possibly the worlds most ambitious policy to combat Climate Change. European leaders are set to bringing net emissions to zero. Eu is also considering over the hong kong, the chief executive is planning more relief measures as ongoing unrest continues to impact the economy. S
Social media giant. Mornings with maria begins right now. Maria big show this morning, fox news senior strategic analyst jack keane is with us on taiwan arms sales, texas congressman joining me on iran and china, u. S. Secretary of commerce under george w. Bush, Carlos Gutierrez and former white house director Anthony Scaramucci, joining us, mlb baseball commissioner and author is here talking about new book for the good of the game, lots of stories to tell when he was the commissioner and allstar game on fox, dont miss a moment of it, big 3 hours coming up. Joining the conversation Fox Business Network Dagen Mcdowell, wall street journal economic editor Jon Hilsenrath and Washington Examiner editorinchief hugo gordon. Getting exciting about that. [laughter] dagen im just laughing we will talk about that today, i think, but the fed is in a top spot because Economic Data looked pretty good right now but led the market to expect it to to go ahead and cut Interest Rates, so we have to wat