7. 75 . Very much under pressure. Vonnie we do have another headline from the Federal Reserve. It turns out the fed will help liquidity and banks even further. The fed will let banks delay the capital hit from the loanloss accounting rules. Banks can mitigate the capital hits for up to two years. Banks also allow the new tools assessment counterparty risk, and this is all on a statement from the Federal Reserve and the last human its. In the last few minutes. Week, including last weekend of very difficult liquidity conditions, particularly for nonfinancial but also for the banks and major banks. Week, including lastwe are not seeing too much relief in the markets. We are seeing the s p 500 down 3. 5 and the dow off its lows but still down 3. 8 . The nasdaq down 3. 5 . At 65 and avix dollar index that continues to weaken. We had a headline from the imf a few moments ago which suggested that 80 countries, including countries have requested aid. The managing director of the imf does not t
Rejected. The eu is expected to approve a brexit delay as a fasttrack deal is blocked by mps. A fresh election could be in the cards. Softbank swoops in. Wework accepts a 9. 5 billion bailout from the Japanese Investment firm. The company is now worth less than 20 of its valuation in january. Semiconductor stocks fall on weak forecasts from Texas Instruments as the trade war bites. Good morning. Matt we are less than a halfhour away from the european open. Taking a look first at the treasury yield, you can see we have come higher and are now going lower. May a riskoff day. Take a look at what the futures trade is showing us across europe. Ax futures down ftse futures so far have been little changed. Dax and cac futures are both down substantially. You can see the parisian equity twox futures down more than thirds of 1 . In terms of u. S. Futures this morning, a sea of red. S p, dow jones, and nasdaq all off. What does the set up look like in terms of brexit after last nights big boat .
Shadow brexit secretary, the portuguese finance minister, and a Brexit Committee member. The Vice President of the European Commission also joins us a little later on. The four we get the brussels, lets get straight to the bloomberg first word news. Heres nejra cehic. Nejra President Trump will be briefed later on various ways to implement comprehensive tax code changes. He will be presented with possible changes i officials including gary cohn. That is according to people familiar with the meeting. French president ial candidate Francois Fillons wife penelope has been charged in the fake jobs probe according to reports by french Media Outlets citing unidentified judicial sources. Her husband has been charged with graft, which he denies. Calls to an olivia fillons lawyer were not immediately returned. Blackrock is said to be shaking up its unit by cutting jobs, reorganizing funds, and lowering fees according to a person familiar with the matter. The revamp moves money into cheaper offe
Supposed to make the delivery of Public Services easier but as we hear sometimes it just just the opposite and the red carpet is heating up standing by to bring you all the glitz and glamour at the World Premiere of Wes Andersons latest movie zero at this. Pattern of a warm welcome to you im cheema south africa has a new president hes serious. His election comes a day off to jacob zuma agreed to step down off this party the a. N. C. Ordered him to resign or face a vote of no confidence south africa spot a man convened this morning to elect the new president only one candidate has been nominated many. The nomination is in order accordingly in terms of term five of part eight of rule three to the constitution i declare. The honorable mark the maryland. Elected president of that it probably gives a. Sense of elation and jubilation in the parliament in south africa with me in the serious christian man who has been closely monitoring that story and developed from south africa welcome a chri
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