a lowerures point to open on lockdown news. fears rise of a prolonged economic slowdown. and u.s. equity futures trade higher. 24 hours to go. the presidential campaign enters a final stretch as donald trump and joe biden focused on the key swing states of pennsylvania. biden leads his rival in a series of weekend holes. it is 6:00 a.m. in london and dublin. ryanair. good morning. we have an expectation for more losses. first half losses, record losses in the second half relative to the first half. there s a couple of lines that are critically important. $1.18 billion. there is no full-year guidance going into 2021. as michael o leary and the rest are facing new lockdowns and the u.k. in terms of no leisure travel, it must be essential travel. this is the message from boris johnson. it could be extended. ryanair expects record losses in the second half but there s one line here and we will put it to michael o leary himself. he joins us very shortly. putting measures in place
anna: good morning from london. manus cranny is in dubai. these are today s top stories. it is a mixed monday for global equities as coronavirus cases and u.s.-china tensions threaten risk appetite. mike pompeo suggests action to protect national security will not stop at tictoc. shares did as earnings missed the mark. the group says it will accelerate cost cuts. more to come from our exclusive interview. we will hear from socio-general after a surprise sociale generale after a surprise loss. task force head says the pandemic is in a new phase. it has just gone 6:00 a.m. in london. it is 9:00 a.m. in dubai. normally it is yusuf and i this time. they were very clear, the single worst economy is the u.k. it is one of the weakest economies globally. they have taken a hit. they gave us a global perspective, a wide range of losses. there has been a big shift in the global economy, but it is not going to be enough to steady the ship. the next three to six months will be criti
pandemic could do lasting harm to u.s. productivity. and bnp paribas warns earnings will see a big hit from the outbreak as it takes more than one billion dollars in charges as a write-down. economyr view, the getting back to normalization will be happening at the best at the end of the year and a return to gdp to normal will not be before 2022. voice of guidance for those numbers. warning that profitability could drop as much as 20% this year. between 15%-20% is the warning. in the dropping by 14% quarter but it is the announcer: 9rovision covid-1 provision. when you think about what has come so far, santander, $1.6 billion. deutsche bank was 500 million. what you see here is para bof taking a smack at the equity side of the business. fixed income commodities rising by 35%. those are the top line numbers. let us get to lars maca henil. were three projections impacting. the cost of risk. 500 million. literally affect is leading to the accounting. our portfolios are growing
trillion, far below the target set by the kingdom. we are live from hq. plus, flying high. results season continues with ryanair. we are joined this hour. we will also keep an eye on the drivers of uber ahead of results later today. manus: welcome to daybreak: europe. ryanair, guidance. pretax profit, beating the 41.5 million, but it is to the future and the outlook i think the market will focus. they are talking about the risks to delivery of the 737, and with the guidance, this is what i can tell you. they see a narrowing of full-year profit after the tax 809 million.$ these are the top lines coming through from ryanair. this is certainly comfortably beating full-year profit. the 737 delivery. that is ryanair. let s get you to the markets. we are risk off from equities, and the dollar, michael o leary shortly, us very, very i saw michael flash on the screen. he is joining me very soon, 6:30, and we will talk about the guidance and the risks with michael o leary. to the