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The gloom crew. They have been wrong, wrong, wrong. We will reassess. We start strong with james bevan in a moment. Francine we have a lot of Economic Data that could support the rally or not a little bit later. Consumptionat price and other things we need to watch out for. Lets get to first word news in new york city with ritika gupta. Joe biden ritika joe biden wants to change the slogan from America First to americas back. Restore u. S. Ties with International Organizations that President Trump spurned over the last four years. President trump heads to pennsylvania in his campaign to overturn Election Results there. He will meet with state republican lawmakers examining accusations of voting im ....
Here as well. Also want to point out some breaking news. Macys says their cfo paula price is going to leave the company. They are looking at an external search currently. Premarket withn the overall market. Exxon mobil also coming out, finally the last of the big majors to cut their capex. They see overall Capital Investments for this year about 23 billion. They saw up to 33 billion. They are also cutting operating expenses by about 15 . They are maintaining their longterm outlook. They say Capital Allocation priorities remain unchanged. The longest chunk of all these cuts are going to be spending in the permian basin. That is interesting. We heard something very similar with chevron, a little easier to shale. Ex within they are dealing with the fallout of the crisis. Watching those stocks as we head into the open. U. S. , as wellthe as the markets, but the collapse ....
State of wisconsin holds primaries off to conservative courts refused to stop proceedings. Now u. S. President donald trump has accused the World Health Organization of botching its response to the coronavirus pandemic he also called the agency china centric and threatened to cut funding and this comes as the u. S. Recorded nearly 2000 new deaths from the virus just in the past 24 hours more than 4000 people have now died in new york city alone britains Prime Minister has also spent a 2nd night in intensive care Boris Johnson was given supplementary oxygen but is not allegedly on a ventilator the Junior Health minister says that johnson remains stable and in good spirits while the chinese city where this outbreak began has now opened its doors again its 110 ....
Conditions should be attached to an economic rescue package. And whats being called one of the most dangerous elections ever the u. S. State of wisconsin holds its primary after conservative courts refuse to stop proceedings. Now u. S. President donald trump has accused the World Health Organization of but showing its response to the coronavirus pandemic he also called the agency china centric and then threatened to cut funding this all comes as the u. S. Recorded nearly 2000 new deaths from the virus just in the past 24 hours more than 4000 people have died now in new york city alone britains Prime Minister has spent a 2nd night in intensive care Boris Johnson was given supplementary oxygen and the Junior Health minister says he remains stable and in good ....
At the ecb, Christine Lagarde says the central bank will be resolute on inflation. Manus we kick off bloomberg daybreak europe, waiting to hear exactly what the list of unreliable entities are from the chinese back to the u. S. Alive and well against argentina, brazil, france. That is the market angst in global trade. It is not going down. If anything, we are ratcheting higher. Man back at it, and this is the first time President Trump has explicitly tied tariffs to currency issues. We sigh risk on session yesterday and that started to sour in the u. S. On the terrace risk and on the factory data out of the u. S. After optimism around china. Manus of course, you are quite right. Interesting how his view on currencies the bloomberg john, crazy from like a fox in terms of understanding how currency markets move. The backs rose on a of issues. Socgen says the fed will cut 10 ....