Will accept junk, recent fallen angels as collateral. Time now for todays market moving news from brussels in new york. We want to begin in europe, where the pandemic drove the economy to a record slump in april. Pmi Area Services completely decimated, falling to 11. 7. Manufacturing also dropped to 33. 6. Bloombergs maria tadeo joins me from brussels. Maria what you are seeing is that the Coronavirus Crisis is going to do a lot of damage to the european economy. [indiscernible] brussels tell us they do anticipate a contraction for the entire euro area. This is potentially huge. Youre seeing again the European Central bank stepping in to try to shield some of those markets, in particular in countries like. Taly ,he other side of the equation what exactly are european leaders going to do to help the ecb, to put more money on the table and also protect their own economies . There has been a lot of backandforth. Perhaps a 2 trillion euro package. But all of this is still very much in the
Nobel peace prize winner Aung San Suu Kyi will defend her country. Tributes are paid to the man who inspired the ice bucket challenge who has died at the age of 34. It was a Viral Campaign that raised more than £150 million for charity. Arsenal end their longest run without a league win since 1977 as they beat west ham 3 1. Good morning and welcome to the bbc news at 9. New zealand prime Ministerjacinda Ardern has said there are questions which must be asked after the volcanic eruption on white island. There are five confirmed fatalities and eight people are missing on the island, though police say they are also likely to have died. Officers earlier announced that a criminal investigation would be opened, but later revised this, saying it was too early to comment. White island is new zealands most active volcano. Its in the bay of plenty, around 30 miles off the coast of the north island. From there, our correspondent Shaimaa Khalil reports. The Prime Minister on the site of where tho
Time now for the global exchange, where we bring you todays market moving news from around the world. Joining us in singapore is enda caringlynd hong kong, from hong kong, karen leigh from westminster, anna edwards. Trade talks with the u. S. Are expected to resume in early october. Enda curran has more. Da obviously a signal here that talks are going to go ahead. Weve been waiting for some kind of breakthrough, and now weve had a statement from the Commerce Ministry that there was a telephone call that included china vice premier liue h china vice permit or china vice premier liu he. Theres a little less committal on the chinese side, but there is still a healthy dose of skepticism required. A lot of economists say that these two sides have a long way to go before they reach any kind of meaningful deal. Duember, more tariffs are in october and december. We had some commentary from the global times today outlining that both sides are in a deadlock, and it is in both of their interests
Shoppers hunting for deals. Holiday sales are expected to increase by about 4 this year, to more than 580 billion, according to the National Retail federation. Allison worrell kicks off out coverage of retails big day. Its 5 30 in the morning at one of miamis most popular malls, and while it may look tame now, but this is the calm before the black friday shopping storm. Reporter from the victorias secrets pink, to the apple store, people are enthusiastic about buying and it shows. David vaton is on the hunt for an ipad mini and he says when it comes to getting a good deal, sleep is overrated. I stayed up the whole night, i did not go to sleep at all. Today, so its been a really long night. I got up at 2 00 in the morning. I probably got like five hours of sleep but im awkwardly awake right now. How much do you expect to save . Well i just saved 50 bucks on this jacket. I dont know, maybe another hundred, save about 150. Reporter more than 145 Million People are expected to go shopping
Schaeffer is making his list. Well tell you what hes buying now. That and more tonight on n. B. R. We begin with what has become the unofficial post thanksgiving pasttime for Many Americans shopping. The black friday doorbuster sales began earlier than ever. Yesterday, in fact. But stores were busy with shoppers hunting for deals. Holiday sales are expected to increase by about 4 this year, to more than 580 billion, according to the National Retail federation. Allison worrell kicks off out coverage of retails big day. Its 5 30 in the morning at one of miamis most popular malls, and while it may look tame now, but this is the calm before the black friday shopping storm. Reporter from the victorias secrets pink, to the apple store, people are enthusiastic about buying and it shows. David vaton is on the hunt for an ipad mini and he says when it comes to getting a good deal, sleep is overrated. I stayed up the whole night, i did not go to sleep at all. Today, so its been a really long nig