Euro bailout investors price in the prospect of negative interest rat rates after opening the door to the policy of course we are keeping it to where the access would be a very warm welcome to street signs. Weve got some fresh data coming through. This is flash pmis as a whoeld. The flash manufacturing pmi for may has come in at 39. 5 up from 33. 4 in april in terms of the composite number for the eurozone, that has come in at 30. 5 up from 30. 6 in april the services pmi which has been the hardest hit sector as a result of the lockdowns. That has come in at 28. 7 up from 12 in april, we already had france and germany come through and we have the overall eurozone number. One other thing, one of the key kpoen nants here, the new business pmi has come in at 28. 4 in april an uptick there. Contraction did ease in may but still very sharp we have the euro trading slightly weaker versus the dollar this morning. Lets bring in our first guest Chris Williamson geoff and steve also with us chri
Virginia senator quarter and the founder of world central kitchen jose andres talk about the credit virus pandemic, hosted by talk about the credit virus pandemic, hosted by the Economic Club of washington. Mark is a native of connecticut. He wanted George Washington university where he got a 4. 0 average and valedictorian of his class and later went to harvard law school, came down and got back into washington. He got involved in the cellular telephone business, formed club your capital, made money doing that. And ultimately got involved in government and politics and became the chairman of the Democratic Party in virginia and also later became governor of virginia and then elected senator from virginia in 2018, reelected in 2014 and he is up for election again in 2020. Mark, thank you for joining us. Enormousyou got an round of publicity publicity from your tuna melts. I assume the microwave behind you or the kitchen behind you is where you cook that why was there so much attention t
Winning streak lets go to bob with more on the market bob. Its a little bit of indeterminent trading. We have been trying to get over the end of april highs we would break out of there and well be to the march. We have been stalled out here. Take a look at the sectors here. You can see in front of you, reits down banks have been drifting lower all month. Consumer staples out performing a little bit now down as much a couple of news announcements the fed niensannounced they wer going to start buying the Corporate Bond etfs. This has been real winner for people who tried to front run the fed anticipating they were going to be doing this up 16 in the last month wells fargo, all sorts of Corporate Bonds. Ge capital bonds are in this thing. The other piece of good news or interesting news is pnc. They own 22 of blackrock. They own i shares. They are selling that whole stake. This is one of the greatest invest ms of all time. They made need it for capital, Capital Improvements overall a lot
Federal reserve will meet this week to decide on how to tackle some issues facing the u. S. Economy what moves will they make following recent rate cut well take a look and later in the midst of shortages due to the outbreak we take a look at the surge in prices for some products and there are reports of profiteering with a boom bust panel show today so lets dive right in. As we continue to discuss the prospects of returning to normal life in reopening economies the truth is many experts dont believe that will fully happen until there is a working vaccine but there is some promising news out of Oxford University in the United Kingdom according to a report in the New York Times scientists at the university of Jenner Institute are ready to move forward with trials of an inoculation tested against previous versions of the krona bias which. Harmless to humans researchers at the National Institutes for health Rocky Mountain laboratory in montana tested the oxford vaccine on 6 monkeys now th
Legislative days to revise and extend their remarks and include extraneous material on the bill under consideration. The speaker pro tempore without objection. Mr. Neal madam speaker, i yield myself such time as i may consume. The speaker pro tempore the gentleman is recognized. Mr. Neal first, thank you. We are here today in these very trying and unprecedented times to act on an emergency interim funding package that i am pleased has strong bipartisan support. But we did not arrive here without significant efforts by our democratic colleagues. When we began negotiation was the senate, we were presented with an insufficient proposal that did not address the Public Health crisis that has now claimed the lives of nearly 48,000 americans. The measures that we fought for will now bring real leaf to the American People relief to the American People, and prioritizes resources to combat this virus. This means more funding for hospitals and Health Care Workers. It also means resources designat