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Drillers to leave oil in the ground. Good morning, this is bloomberg surveillance. I am Francine Lacqua. Lets check in on the markets. We have a lot of news, but we are used to it. Terms of european stocks, u. S. Futures, and everything in between, the big story is oil. We had the iaea report yesterday, production cuts on sunday did not seem to be enough. Stocks rising, u. S. Futures rising. Investors are trying to gauge the damage caused by coronavirus, and awaiting the next corporate earnings. The dollar also extending gains. Lets get the first word news from new york city. Milestone, with a global infections topping 2 million. In the u. K. They will extend the nationwide lockdown as Officials Say there are signs britain may be passed the worst of the pandemic. In theh korea, and election, the Democratic Party in the ....
Footing. If we do get some kind of opecplus deal, that will provide some support in the markets. Guy we are seeing equity markets bid, and it is stuff the market has really fallen out of love with that is catching the biggest bid. The travel and leisure sector, airlines, some of the catering companies, the hotel groups really bid today. Bid, up by 1 . We are anticipating any second now the start of a Video Conference call between eurozone finance ministers. We will get the results of that maybe a little later on. We continue to watch what is happening over at st. Thomas hospital, where the Prime Minister of the United Kingdom is in intensive care. Withrms of what happening yields, going a little higher today. Trading at 37 basis points on the u. K. 10 year. Alix we will say higher maybe in quotes. For more on the impac ....
Who will pay for the financial fallout of the coronavirus pandemic governments around the world pledged trillions of dollars. Their economies afloat will. Stop Global Financial crisis. Welcome to the program. Most economists agree the coronavirus pandemic has pushed the world into recession trade and business abruptly stopped when billions of people were told to stay at home governments are pledging huge stimulus packages to try and reduce the damage the European Union has agreed to 590000000000. 00 rescue package to prop up the worst hit economies such as spain and italy that includes Unemployment Benefits loans for Small Businesses and Health Care Services but leaders couldnt agree on how to ....