Salt lake city, you. Hugely consequential city, utah. Hugely consequential. Rudy giuliani will join us, the former mayor of new york city. We hope to get ample time to speak of his health, the health of many in the white house, and his thoughts on the path forward for his president. Weve got Market Recovery off the shock of yesterday. What is the character of recovery you see . Jonathan equity futures up 0. 7 . The bond market down, treasury yields higher. The president backing away from talks with House Speaker nancy pelosi. I have to say, the administration looks really aligned wit Senate Republicans in a way it hasnt, offering a slim bill, offering a checks to americans. There used to be three positions. Now it looks much more like t wo. The difference is i dont thing that spread can reconcile before the election. Futures lifting up 24. That is a high for the session. We are roughly back to where we were for that profound tweet from the president yesterday. Two tweets following in t
China is accused of faking virus data. And oil slumps yet again. President trump says he may intervene in the standoff between saudi arabia and russia. Taylor lets get a check on how u. S. Stocks ended the day. We opened up to the downside. Off by 4. 4 . The biggest selloff in two weeks. Really acrosstheboard. All of the defensive sector selling off. There was some concern for the market. Perhaps some optimism as the selloff on wednesday could reverse some of those if you think futures are up. I want to flip up the board because it has all been coming down to these oil markets. Haidi we are setting up for that negative start to trading in asia. We are looking at japanese and korean futures. Weakness here in sydney. Looking at the degree of the trading, down more than 3 . Watching out for the kiwi dollar and aussie dollar. Taylor a press conference is happening now. President trump is warning that malign actors will try to exploit the situation. Naval vesselsg and planes in the region.
Two hours, make it 3. 5 hours from now, without question the most anticipated jobs number in the history of the nation. This is the weekly jobless claims. It is expected to surge out. I put a chart out on twitter and linked and linkedin. It is just ordinary what we could see. David folkertslandau coming up. In a moment. Let me go to the tape right now, equities, bonds, currencies, commodities. Not all that much going on. A bit of a pullback, the dow two days in a row elevated off where we were in the grimness of friday, of monday as well. Also oil with a little bit of a lift off about it, francine. European stocks retreating with equities, government bonds advancing. I am looking overall at european sovereign debt. We are seeing a little bit of a move after the ecb scraps limits , a landmarkhases decision that gives an almost unlimited firepower to fight the economic fallout from the pandemic. You can see euro strengthening, tom. Tom it is an extraordinary time. Francine and i are tryi
Windows cracked open on the island of manhattan, the soft drone of sirens each and every moment of each day. Francine it is terrible. A lot of us have looked at china with our colleagues, and we are partners for many months, and italy. The pattern, we have been looking at curves and we are trying to flatten the curve by making people isolate, but the curve is similar from country to country with a laggard of one to two weeks. You can look back at the sirens and more resources needed for the heroes and nurses and doctors. Here,e have seen a lot and bloomberg graphics with a great chart out on the number of beds in the five boroughs of new york city. , learned a lot from that chart and from the new york times, great log charts showing the pandemic. All you need to know is new york state, not asas a a city, is on the wrong side of these different geographies affected by this pandemic. There were news in new york city, here is Viviana Hurtado. Viviana the largest economic rescue in u. S. H
Stuff happen here in the lockdown of new york and london. That does not mean the conversations will stop. Great conversations lined up today. Thank you so much for watching our last hour with rupert harrison. We move forward with michael a moment. Ning us in my observation is that every nation for itself right now. How was Prime Minister johnsons weekend . Francine i do not think they are competing with each other. There is a lack of coordination, but when you look at the u. K. , that is coronation between treasury and bank of england. So it is domestic coordination that got it right. If you look at the global efforts, maybe coordination could help in terms of medicine of swaps medicinal sops information. Boris johnson has told people to selfisolate or at least distance themselves. If you look at pictures across london, many people, far too many people, are just not heeding the advice of what the government is saying, which is why we hear that the government is thinking about a lock do