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Will accept junk, recent fallen angels as collateral. Time now for todays market moving news from brussels in new york. We want to begin in europe, where the pandemic drove the economy to a record slump in april. Pmi Area Services completely decimated, falling to 11. 7. Manufacturing also dropped to 33. 6. Bloombergs maria tadeo joins me from brussels. Maria what you are seeing is that the Coronavirus Crisis is going to do a lot of damage to the european economy. [indiscernible] brussels tell us they do anticipate a contraction for the entire euro area. This is potentially huge. Youre seeing again the European Central bank stepping in to try to shield some of those markets, in particular in countries like. Taly ,he other side of the equation what exactly are european leaders going to do to help the ecb, to put more ....
On tv and radio. Im Jonathan Ferro. Tk taking a break, equity market soft, down a 30 on the s p 500. The bowls on wall street getting more bullish. Now looking for 4900 on the 400, the price target set at the end of december. He was bullish and right to be. He raises his price target. City are looking for 5000 by the middle of next year. It is record high watch on the street. Lisa and the potential for a 28 gain this year, the biggest going back to one to 19. Can we get the start of a new bull market given some of the increasing credit contraction, the softening in Economic Indicators check out could this be the start of a new bull market as many are calling for . Jonathan i loved what scott cronin had to say. Clearly we were chasing the tape. Growing conviction in years earnings acceleration is a key point of differentiation. He is looking for earnings to accelerate int ....
Bloomberg to break your. Lets get to the top stories that that your agenda. Israel and hamas had the dentist conflict in decades. Oil surged as much as 5 as risk sentiments sour around the world. Plus, World Leaders condemning the violence. The u. S. Is sending military support to israel. We will bring the very latest from the region. Those are your geopolitical headlines. Risk sentiment is souring around the world. We already see it in futures trading. You already always see this in geopolitical trading. You see a selloff in the markets. Especially when it comes to the United States. Even overnight they have started to pair some of the losses here. The real pain is coming in the u. S. Sector. We will dive into that throughout the show. You are seeing this dynamic where european and traders have pulled out only for American ....
In its ongoing commitment to establish factoring as a viable financing solution for Africa’s small and medium-sized enterprises (SMEs), thus bolstering their ....
Triumph Financial CEO Aaron Graft talked future opportunities as growth engine TriumphPay flipped to negative EBITDA in the first quarter. The post Tough trucking market hits EBITDA at TriumphPay; other indicators up appeared first on FreightWaves. ....