The man to take on trump joe biden is formally converted as the democratic nominee in the race to the white house. The European Union says it standing by the people of balad who said its called violence against antigovernment protesters there shocking and unacceptable they deserve the block held an emergency meeting with the agreed on sanctions against those responsible for the crackdown have rejected the outcome of this months disputed elections that have called for an end to president Alexander Lukashenko ball roll. Today we gave them 3 clear messages. Firstly we stand by the people of belarus who won fundamental freedoms and democracy. Secondly we will sanction all those responsible for violence repression and false if occasion of the results of the election and thirdly we are ready to accompany peaceful democratic transition of power and bellows. And in minsk the embattled president look has ordered the police to stop further demonstrations against his leadership hes asked his inte
We are where we should be. We will warm up as we go through the end of the week. Details on that are coming up in a few minutes. Good morning, we are looking at Traffic Alert that is one issue on westbound 92 near the 101 connector. There is a three car crash and one vehicle has overturned. It is making one lane slow and traffic is backing up around the san mateo bridge. If you are taking the san mateo bridge, you will see brake lights. We will keep a close eye on that. South of there, there is some roadwork. We are at the news desk. We have new numbers in on unemployment claims. 1. 4 million new applications across the nation and that is e d oducof week prior. Some bses thatd their and shude after being le to open. That was after another search of coronavirus cases. The numbers were worse than expected although they have been over 1 million a week since march. We will stay on top of it in half an hour. A new. Coronavirus testing site shuts down after massive turnout on opening day. Al
Caller there are many many millions who are not coming back and some Small Businesses that are struggling an advantage. Airbus flies after boeing sees deliveries drop to the lowest level in six years from from the iata director later in the show. And swinging to the first ever quarterly losses as the lockdowns hit sales. But stores will reopen in most markets in june as it bisdishest a bonus dividend a warm welcome to street signs. Lets kick off with the fresh outlook from the oecd coming out now seeing negative growth of negative 6 and negative if a second corona outbreak occurs. The euro area gdp is forecast at negative 9. 1 in 2020 negative 9. 5 if a second outbreak occurs and the uk negative 11. 5 and negative 14 next year if another outbreak occurs. They have presented two scenarios. One where the virus continues to recede and one where a rapid contagious continues through 2020 and looking at what would happen let me run you through these for 2020 global gdp seen down negative. 6
An awesome day i wanted to get with you first so thanks so much. Youre very welcome look forward to talking in the future. David, well see you later. Thanks for that. Good morning welcome to squawk alley. Im Carl Quintanilla with Morgan Brennan and jon fortt coming to you live from separate locations. Interesting price, but not dramatic, another alltime high on the ndx for a second day. S p really about 100 points from going green for the year vix below 25 the 10year yielding 0. 8 very busy morning in terms of critical levels, morgan. Absolutely. I think the headline numbers are milestones you put out there, put night focus in terms of how swift the selloff was and plunged into a bear market and now how swift this rebound, this rally weve seen in recent weeks, has been as well. That being said, there is a lot and i feel like we say this every day, but so much for the market to digest right now, whether the ecb and the Bond Buying Program announced this morning, whether the initial jobl
A common enemy. Hungarys Prime Minister gets sweeping new powers he says will help tackle the outbreak critics fair here use them to muzzle political opponents also. Our nation is helping us in our hour of need. A navy ship with a 1000 beds on board arrives in new york to help provide relief in the u. S. Epicenter. The World Health Organization has expressed hope that corona virus infections in hard hit European Countries like italy and spain might be stabilizing but its leaders were quick to add that doesnt mean tough measures to mimic the spread of the disease and to track it should be reduced. We should start to see stabilization because the cases we see today really reflect exposures 2 weeks ago. And going down isnt just about a lock down and let go to get down from the numbers not just stabilize requires a redoubling of Public Health efforts to push down not it wont by itself it will be pushed down earlier spain announced deaths in excess of 800 for the 3rd consecutive day another