The market, its the same as yesterday, the markets churning with gold moving higher. But you are right, we have seen a bounceback to green on the screen after the navarro flap. Its clear, its a market in search of a story in the line, maybe we can find a story from philip. Francine we will talk about runaway inflation with him shortly. Lets get to first word news. President trump calmed that the phaseng one agreement is fully intact. Peter navarro said that aspect of the trade deals were over on fox news, and he said his comments were taken wildly out of context. Mike pence is warning that more young people around the country are testing positive for the coronavirus. Making their mark in a Conference Call with governors. Concerned byed Texas Governor greg abbott. The infectionat rate is rising. Boris latest stage in johns Boris Johnson announcing the latest age in lifting the coronavirus locked down. Movie theaters and museums may open the door after next month and he may also cut the
Story. It has come an awful long way awfully quickly. Still do not know how this saga ends. Coming up later in the hour, we will be doing more on wirecard. We will also be covering what is happening in europe in terms of the political story as well. We are going to be talking to brian chesky, airbnb cofounder and ceo. We will get more on the reopening and how that is affecting his business. Looking forward to hearing from him. Stocks continue to climb. Lets talk about that. Alix yes. As we reopen, the question becomes, which country did it right . Which country is going to get the biggest boost if we get a vshaped recovery . Is it going to be the u. S. Or europe . Over the last month, the dollar in the u. S. Has been outperforming. But now what . Us, our guest who downgraded the u. S. And a good in the euro zone because of the covid19 response. Walk me through the thesis. Thank you very much. Very good to be with you. The thing we are trying to the last here is for decade, investors ha
French group bucks the trerchd by confirming its dividend bnp says revenue is resilient. Saying the Economic Outlook is difficult. We should look at a return to normaliz normaliz normalized aspects is probably not going to happen this year. The return like in 2019 will not be reached before 2022 new car sales are almost completely wiped out in april, falling 97 . Levels not seen since 1946 as the coronavirus pandemic wipes out consumer demand. A clash of titans wework founder adam neumann takes the fight to softbank for scrapping the 3 billion tender offer that was paurt of a rescue plan for the Office Sharing group a warm welcome to street signs this morning. We are awaiting germanys Constitutional Court ruling on whether they overstepped the mandate purchasing bonds even if the courtrooms in favor of the central bank, the decision could have a Lasting Impact on measures including the pandemic emergency package lets get a check in the leadup to the decision. We have seen yields move h
Way better numbers anticipated coming through. This is in yuan terms. March exports thought to be down 12. 8 . Official number suggesting they were down just 3. 5 . Imports year on year from 7 . 2. 4 . Ht increase of that is what we have at the moment coming through with the latest data from china and the department. Lets have a look at what else is going on. Hong kong schools have been closed since late january. Little hope classes will be resuming soon amid this coronavirus. They wonder there could be an exodus of students. Issue with thehe hong kong education secretary, kevin yeung. Kevin good morning. Did theseow long schools stay closed, secretary . Kevin it is difficult to tell. Health of our students is always our first priority. Are stillage we monitoring closely the coronavirus,f the whether the situation in hong kong and other places in the world, before we could finally make a decision when our schools could resume. What needs to change for you to actually change your policy
Least. Day two of the Goldman Sachs global macroeconomic conference and goldmans chief equity strategist. We have breaking news out of south korea and Fourth Quarter g. D. P. Numbers. This is much faster than what was expected and fastest pace since the Third Quarter of 2017. These are the preliminary numbers for the Fourth Quarter. The south s also korean economy expanding 2 meeting the bank of korea projections and have seen growth in Household Spending and gains and Consumer Confidence and a lot of it supported by the south korean with their budget being passed in august and seeing a growth of 1. 2 , which would be the fastest pace since the Third Quarter of 2017 and for that 2019 growth of 2 which is atching. Lets look at what it is setting up. We had reaction across asian markets which led to the european session in declines and the u. S. As well as account of the news of the spreading china case. Avirus and one and not much of a rebound. Futures are looking pretty soft and we are