Over to you. All right tyler, thanks very much. All three of the major averages are hanging onto their gains in the month of may tension escalating with china. My theme is still intact thats a broadening of the rally. This is in stutter steps you get a day like today where you pull back a little bit but not numuch obviously, some of the china etfs, thats first one down today on concerns about whats going on in hong kong. Look at the leadership this week russell. Its been bank stocks and Energy Stocks oil is on the downside thats what i mean those groups have been leadership stocks here look at these china stocks we did get alibaba thats down concerned to whats going on hong kong what was down, transports, russell down the nasdaq, the big tech names is under performing this week. This is rotation this is broadening out of the market that trend continues if you look at individual secto sectors, banks were behaving horribly they are outperforming this week so the Energy Stocks even though
Headline, governor bailey with a negative two year yield. Francine there will be no money for my kid because as soon as i can, i will be spending it on childcare. I asked him whether negative rates was something he would consider. The change in tone between him and his predecessor is stark. Governor carney always saying absolutely not negative rates for this country. Andrew bailey who has been in charge for about two months, kept the door opened, saying probably not now but because of the severity of what we are facing he will not rule anything out. There is a change in tone on what they can and cannot do. Seeinge changes we are from tuesday into this wednesday, chairman powell with adam posen and the Pearson Institute at the Virtual Conference today, that will galvanize global wall street. Jack ablin here with us in a moment. Here is ritika gupta. Ritika we are waiting to see if Jerome Powell gives anything up about what he will do next. He may call for congress to do more to combat t
To filipino seafarers facing an uncertain future. The u. N. Is warning the pandemic is having an a devastating impact on Indigenous People well beyond that the immediate threat to their health. And research is Prime Minister stepped down after months of pressure related to the killing of his exwife. In School Professional rugby players in new zealand on the Training Field we report on the countrys efforts to secure its National Schools financial future. Now there will be an independent investigation into the World Health Organizations handling of the current virus pandemic the move by Member States comes as economic powers the u. S. And china continue to engage in a war of words over the outbreak thats now killed more than 300. 00. 1000 people china accuses the u. S. Of avoiding responsibility and shifting the blame for its mishandling of the crisis to present on trump threaten to permanently hope funding to the w. H. O. That means the agency would lose its single largest contributor t
Us over time significantly closer to what i have called the pre covid inflation path while allowing us to monitor how some Key Developments unfold. Taking off british carriers hitting the top of the stoxx 600 as signs point to a recovery in the industry. Oil prices rising on the news opec and allies will meet tomorrow in a signal there may be consensus onextending outpu cuts a warm welcome. We are waking up a day after the ecb meeting. Lets look at some of the Market Reaction to the meeting. The euro has climbed to a threemonth high while italian bond yield on the back of the decision to ramp up the stimulus plan the euro trading about 11 basis points higher to 11347. The ecb will double its Bond Purchasing Program to 1. 25 trillion euros the ecb president Christine Lagarde ses they still face a contraction of 7 this year. They dont expect inflation to rise leaving it far below the 2 target she said she hoped the boosted bond buying will steer inflation back to pre covid levels collect
And it is way bigger than any of us this is europes moment. The European Union proposes an unprecedented 800000000000. 00 stimulus package to deal with the coronavirus pandemic fallout. And he was one of the worlds most wanted man a Court Decides where a top suspect in the rwandan genocide should be tried. Im joining us there with sports the English Premier League teams agreed to return to contact training and by nina take a step closer to a record 30th but just like a title as theyve been here is rivals but. So we begin in the United States where another death of an unarmed black man in Police Custody has triggered new protests police fired tear gas to disperse demonstrators calling. Justice in minneapolis has been you know widespread outrage the video of mud showing an officer using his need to pin george floyd to the ground the officers involved in the attempted arrests have been fired and now all cools for them to Face Criminal Charges 100 times this report should just warn you tha