The p. M. I. Well dive deep into this in a bit. Look at the boards. The dollar still holds on to the retreat. That is helping some asian currencies out there. Ere holding on 706. We were near the 100day moving average. Were siegristance now that the dollar seems to be hovering around the twoweek lows despite the fact but were seeing the dollaryen pretty much at 168 but seeing at least six days of gains so far for the japanese currency. Watching oil price. We see it climbs once again. You are seeing w. T. I. Futures. 4 higher for brent crude. Gold snapped out of four dives declines. It is largely unchanged. Hovering around 62 basis points now. We have the First Official gauge for chinas economy in april. Weakened again. Investors are waiting to see what steps the pboc may take to bolster the economy. Our guest from citigroup joins us this morning. What is your assessment of the p. M. I. Data that we got. Nonmanufacturing. Manufacturing below the forecast. Still in expansion territory. A
Some demonstrators across the u. S. Say that fed up with ongoing coronavirus restrictions. In some shops and schools reopened in germany one of several countries easing research. The grim economic fallout of the new coronavirus pandemic for 1st time in history u. S. Oil prices crashed below 0 dollars into negative territory on monday its just rebounded in asian markets to around 2. 00 a barrel but why did the crash happen in the 1st place well thats because theres more oil in the market because of low demand and produces a fast running out of storage lockdowns around the wall the response to the coronavirus have produced a massive slump in demand for energy u. S. President donald trump says the collapse in prices is short term and suggested that it could even be a positive thing for america. Based on the record low price of oil that youve been seeing. At a level thats very interesting to a lot of people were filling up our National Petroleum reserves through dziedzic you know the Strat
Thats the question of the global lockdown shows only a few signs of being lifted. Strain your 2nd largest domestic air carrier loses control of its company because of a lasting effects of the pandemic. Welcome to the program as coronavirus cases in the u. S. Continue to climb President Trump says hes now planning to temporarily suspend immigration in a tweet he said it was necessary to stop the outbreak and that it would also protect american jobs trump previously suspended travel from europe china and other nations because of the virus lets talk to john hendren now he joins us live from chicago john so a rather ominous tweet from the president saying immigration to the u. S. Will be temporarily halted what more can you tell us. Thats right daryn this is a surprise in the sense that it was delivered late at night not in his News Conference where he could be questioned about it and that just happened hours ago here in the u. S. But this is fully in character for donald trump you remembe
And the asian markets react strongly to news about the collapse in old prices well take you live to hong kong for the latest. And australias 2nd Largest Domestic Airline the hands of the control 2 administrators and the struggles from the effects of the pandemic. Coronaviruses cases in the United States continues to climb President Trump says hes now planning to temporarily suspend immigration in a tweet he said it was necessary to stop the outbreak and that would also protect american jobs trump previously suspended travel from europe china and other nations because of the virus lets go live now to john hendren in chicago john so a rather ominous tweet from the president what more is he been saying. Thats right there in excuse me distracting wind here but im in chicago and they dont call it the windy city for nothing and the president issued this tweet in the dark of night and he seemed to do that for good reason he could have made this announcement at his daily News Conference where
Will reopen the economy if it is safe. And the italy and italy and lowering in the number of cases. Manus we are getting some breaking news. We go to the heart of earning season. Single structure. Jennifer may will leave at the end of may. Numbers, First Quarter, nonir four f. They see a solid start to 2020 despite the eye of the coronavirus storm. And First Quarter results, they theyted some softness and had said there was a little bit of a dent with a significant new business having been derailed. They see a solid start to 2020 amid this covid19 crisis implying a strong rebound. In the structure at sap. We are waiting to see if any other news is coming through on their dividend. Good morning. It is all about the oil market. Nejra absolutely. 20 7 revenue increased for sap. The tech sector is going to be in focus this week. In the u. S. As well, we have the following revenue and the pulling away of the forecast for ibm. Tech has been resilient in the equity market. If that falls, we m