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Market. Three year and 10 year bond options coming in superstrong. Watch how that winds up performing. Time now for todays top market moving news from our new york team and washington team. We want to begin with economic the u. K. Economy shrinking on the 6 in march. Predicting what could be its deepest contraction in more than three centuries. Bloombergs Michael Mckee has more. Michael ask not for whom the bell tolls. It is the u. K. This time. Just one week under lockdown was still enough for a 2 contraction during the first quarter. As you mentioned, a 6 contraction during the month of march. Britain plunging into what may be its worst depression or recession, at least, since 300 years ago. Three centuries, according to those who have been figuring out. Tourism fell by 46 , air transport down 44 . Engine ofpending, the the economy, down 1. 7 in the first quarter, the largest drop since the financial crisis. We got data from the ....
Mondays losses on the dow eclipse the first day of the wall street crash in the great depression, as the ceo of nasdaq says it is critically important to keep markets open. Macron callsuel for unity in the battle against the coronavirus. The e. U. Closes its borders, as im a trump admits the u. S. Could enter a recession. Unknown, volkswagen says the economic fallout from the pandemic is impossible to predict, as car plants across europe are shut down. Anna good morning everybody. A grizzly monday on wall street following a 100 basis point cut from the fed after an emergency meeting, the dow fell almost 13 , the biggest plunge since 1987. Oil hit its lowest level in over four years. President trump says the coronavirus may cause economic disruption against the summer and it could send the u. S. Economy into recession. Pointing, u. S. Futures up and european features also pointing to gains. The s p has fallen or risen by 4 last six days, an incredible record of volatility. And, lets loo ....
Sunday the election had record turnout following 6 months of protests that rocked the island now while those who support the protests not stay when not everyone is on board china daily published an editorial monday stating the results of sundays District Council d election marks a setback for hong kongs Democratic Development as the results were skewed by the illegal activities of the opposition camp to the benefit their candidates in the run up to sundays voting members of the opposition camp particularly their young agitator is engaged in an all out campaign to sabotage the Campaign Activities of pro establishment candidates and intimidate their supporters from going to the ballot box now kristie theres a lot going on here but what is the significance of those big wins for the pan democrats in hong kong ....
A lot going on here but what is the significance of those big wins for the pan democrats in hong kong you know economically and otherwise this is actually quite significant because as the markets look at this was a reading of barometric reading on the overall sentiment in hong kong and how how the people really felt because Mainland China was actually quite surprised by this turn out they were actually completely surprised and blindsided because they thought that the opposition would not be as strong as they all are and react as strongly as they did because as you said this was a record turnout over 70 percent of the voters actually turned out and not to mention this is for some of the least powerful positions on the council there pretty much response for anything relating to like garbage pickup to street cleaning to Like Community labor so these are not the primary elections ....