Of the markets. We will break it down with tiffany mcgee. Plus an exclusive interview with the ceo of halliburton, jeff miller. With oil prices around 40. Guy lets talk about the data. The data was grim. Worse than anticipated. As gdp data was bad but not bad as anticipated. The real story for me today is the claims number. Higher and looking fairly sticky. Now. Mckee joining us point out the highlights. Ofwe basically had two sets numbers. One that told us where we were and one that told us we may be going back there again. When you look at the gdp numbers, the number the u. S. Uses is 32. 9 . The entire last for year, we would be down 2. 9 . 32. 9 . 10 quarter over quarter. That compares with germanys 10. 1 , the u. S. Is 1 10 of a percent better. It shows the u. S. Global economy is in a lot of trouble. Where did it go wrong . Personal consumption was down 34. 6 percent. This was an annualized number. ,usiness investment nonresidential, down 27 . In all across the board terms of gdp
I am Francine Lacqua in london. These are your markets, doing a little bit great after the week we had last week. The ftse gaining some 2. 2 . A risk on bit more of move. I would caution everyone that these are on thoughts that the central bank would step in, and it is not because of threats that the coronavirus is getting any better. Lets get to the bloomberg first word news in new york city. Number of deaths of coronavirus around the world is over 3000. New york city has reported its quarantined to her manhattan apartment after contracting the virus and iran. Whennor cuomo says it was not if the virus made its way to new york. Aking a hit in february after spread of the coronavirus. Pmi plunged to a record low of 40. 3. The official reading also reached a record low of 35. 7. Chinas economy is gradually returning to work. 70 of at 60 to capacity last week up from about 50 two weeks ago. In the u. S. , former Vice President joe biden has won the South Carolina primary. It puts him clo
Pres. Trump and i think situation in ukraine is very important. The meetings coming up with russia and ukraine are very important. Theres a big possibility that very big progress can be made. I think its very important for ukraine. I think its very important from the standpoint of russia also to work out peace because theyve been fighting a long time, too long. I think theres a really good chance that that will happen. Also, with respect to nuclear weapons, ive spoken to president putin, and ive communicated with him. He very much wants to, and so do we, work out a treaty of some kind on nuclear weapons. That will probably then include china at some point, and yourselves, by the way, but it will include china and some other countries. We intend to see if we can work something out to stop the proliferation, to stop what is happening because we are making a lot, and we are renovating a lot, and frankly, the whole situation with nuclear is not a good situation. We ended the treaty because
Francine lacqua is at the london event. We will join her later in the show. Lets get you through some of the Wild Movement in Global Markets. It was risk on. Believe that the chinese delegation was looking at a broad area of subjects, but now the latest lines coming through around basketball broadcasts. Now a warning from the chinese side. China sang stay tuned for a retaliation when it comes to the blacklisting of Chinese Companies by the u. S. Government. The market in the last five to 10 minutes is clearly turning. U. S. Equity futures 0. 1 lower. Gold, same story, flipping around, now higher. Trepidation percolating throughout the classes. The aussie dollar coming off the highs of the session. Other surveillance points to look out for. Francine. K. Time will be speaking to the chief executive of Fidelity International. Dodds half past 9 00 london time. Chinese state tv halting broadcasts of the National Basketball association games, saying the backlash intensifies over a tweet expr
Matt miller in berlin. Lets check in on whats going on in the market. We do have gains across some european indices, right now you can see the stoxx 600 up. 2 , the broader European Index is gaining. The dollar is also strengthening against the yuan, you can see one dollar now buys 689. 71 offshore, and the pound is weakening. You can see it down 123. 38. As we get closer to the possibility of hard brexit or new elections, investors continue to sell sterling. Now to the first word news with Viviana Hurtado in new york. Chief executive carrie lam has condemned the violence in her first News Conference on the city since the end of british rule. Fresheclaration follows demonstrations with Police Firing tear gas and rubber bullets at protesters. This week, u. S. China trade talks are set to resume in shanghai, the first since discussions broke down almost three months ago two days of talks are scheduled to begin after president s trump and xi reached a troop at the g20 although deep tensio