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bank should have never taken jeffrey epstein on as a client as it agrees to pay a $115 million fine. confirmed drove cases in america have crossed the 3 million mark while the death toll has made the biggest one day jump since early last month. let s look at the markets as they double down on the concerns around the coronavirus and of course the economic impact the european markets had a contraction. decent forecasts for investors to rake through just highlighting some of the fears that many have had in the spike of fresh cases we are seeing in terms of the market action, we are picking up on the wall street trade and to european markets that reversed. you can see another modest decline. 1/3 of a percent coming off the benchmark. the sectors and the boards the ftse trade is down by .2 of a percent. it is a minimal decline. we re hearing further reports around consumption, any further scheme to try to support market businesses that has meant we are just down modestly t ....
if you look at it, it is more of a financial thing than an oil situation. airlines stock go into descent. problems for peugeot expecting to see the european car market shrink this year. lse outperforms. also reaffirming the final dividend and will complete the $37 billion refinitiv deal in the second half. president trump issues an executive order suspending all immigration into the united states to, quote, fight the invisible pandemic and to save american jobs. well documecome to street . let s get to the top stories of the today, which is energy markets. u.s. crude turns negative for the first time ever. siting the strain on storage looking at minus $2.08 falling 30%, yesterday settling over minus $37 a barrel. that means producers would pay traders to take oil off their hands. amid wide-spread lockdowns amid an output cut among opec have not yet taken effect uta trading around $20 a barrel. clearly holding out much better than the may contract. big questions ....
recovery of the whole of europe. president trump invokes a wartime law to get more swabs produced as he rebukes accusations from impov ngovernoy don t have enough testing equipment to reopen their states elsewhere the uk government is reportedly split on easing of lockdown restrictions, as it appears the health secretary matt hancock wants to defeat the virus before easing measures phillips first quarter numbers drop 33% as they suffer the effects of coronavirus in all of their markets the ceo telling this station, though, they do see growth coming back in the second half of the year. our order is strong and we expect a gradual resumption of consumer sentiment, as we could already start to see in china. light crude prices get crushed amid concerns the u.s. is about to hit storage capacity, sending the may wti contract to its lowest level since 1999 well, a very warm welcome this morning let s get into our top stories of the day a number of u.s. governors have ....
as demand dips and price wars loom with brent reaching its lowest level since 2002. awe quarry tet of eurozone banks scrap their proposal after the ecb wants to preserve cash until october in a bid to maintain liquidity the number of confirmed coronavirus globally has risen 723,000. the death toll has risen to 34,000 germany and france have started lockdown with germany. the number of deaths in italy has fallen for the second straight day tough restrictions remain in place. elsewhere china says it has posted a drop in new cases for the fourth consecutive day as beijing battles against a second outbreak of the virus. how are the markets reacting to it markets are trading on the back foot in europe. we are seeing some pretty substantial losses coming together in the early hours of trade. ftse 100 down 2.6% in the germany the dax is holding up a little better, down just 1.4%. a few sectors are getting a particularly hard hit this morning after some analysts weighed t ....
president of the united states is the president of the united states. he can do whatever he wish and he is not accountable to me or anybody in this room. renault shares fall to the bottom of the 600 as reports emerge that nissan is gearing up for a potential divorce. the pound falls below 1.30 against the dollar after the bank of monetary policy committee says he would vote for a rates cut if there is no improvement in the uk economic data welcome to the show, everyone the most senior commander of iran s revolutionary guard was called to a closed session of parliament after tehran admitted it mistakenly shot down a ukraine international airlines passenger plane. there were no immediate details asked of the official but iran blamed its air defense system for the crash, which killed 176 people the announcement has sparked protests across iran and protesters have called for the resignation of iran saying they tried to cover up involvement in the crash. dan is in ab ....