2. 95 . There were talks yesterday about another policy easing soon. There we have it today. The china 10 year bond futures rising on the back of that. The taiex currently down by 2 10 of 1 . T mnc will build the new mac chip. Apple is working on its own mac processes. It will be faster than the processors in the iphone as well as the ipad. The benchmark in new zealand currently bucking the trend, up a marginal 1 10 of 1 . Rishaad absolutely. Getting more details on that. The pboc acting in order to show sufficient liquidity in the system. Injecting merely a billion dollars worth of you want into the banking system. Weve got that declining or cut by 20 basis points. 3. 15 . Direction from our chief asian market strategist. Money intoue to pump the system, the financial system. Does it end up in the right places . This is targeted, hence the name. As the we. Look at chinas policy execution in the past six months. Lot that emphasized a these liquidities need to go to the real economy, to
All of that leading to a stronger dollar and weaker commodities like oil. Under armour out with earnings as well. Lets get right to it. Their adjusted loss coming in 0. 34 a share, almost double what we had been expected. Net revenue for the First Quarter coming in at 930 million. That also came in light. They see a significant decline in revenue since midmarch, so no surprise there. Marriott coming out with their numbers as well. As you can tell, it is going to be bad. Marriott international looks at first court or revenue coming in of 4. 68 billion, a decline 6. 6 year on year. A really ugly number. They say they had liquidity about 4. 3 billion as of may 8, so obviously sustainability and solvency these kind of companies , especially hospitality, as well as airlines, really front and center. All of this really winds up depending on when the world can reopen. Lets get to all of our market movie news from new york. In london, u. K. Promised her Boris Johnson announced the first carefu
What happens after yesterdays big move the dow down yesterday by 2. 1 the dows worst performance going back to may 1. A lot of this was happening as we were getting comments not only from Stan Drunkenmiller and dave tepper talking about his concerns about this being the second most overvalued market he had ever seen. Comments from fed chairman jay powell all of those things adding up saying what do we need to worry about and where do we need to be concerned . Watching the treasury markets, you will see the yield for the 10year right around 0. 61 so that is with a little more pressure. Watching wti this morning, you will see that is up about 5 i think it is 2r5iding near session highs of 26 a barrel. Andrew thank you. Every day, we have a huge show another big one this morning what is on the lineup this morning. The ceo of verizon, New York Times, mohammad eleran to join us and eric schmidt who will be working with the governor of new york states and work places looking to him and that
Job losses. The consensus for the Unemployment Rate is a sharp rise to 16 , the highest since the great depression. U. S. Fatalities from the coronavirus talked 26,000 75,000. The u. K. And france prepare for easing measures next week. A positive u. S. China trade talk call. Christine lagarde says the ecb must go beyond normal tools. Welcome to bloomberg daybreak europe. Lets get the breaking news in terms of earnings. It isng with siemens, cutting its fullyear revenue to moderate drop from a moderate rise. They are saying fullyear revenue they are expecting to see a moderate drop. They were seeing a moderate rise. Second quarter industrial falls. Ses adjusted ebit those are the red headlines. In terms of what we are looking at, they see a stronger Coronavirus Impact in the third quarter. That is interesting for all the people who have been saying earnings would be bottoming in the second quarter. A stronger Coronavirus Impact in the third quarter. They are pulling their fullyear guida
The june contract plunging as well. Down 35 on the session. The carnage we have seen for oil is not over. We have a rally for bonds on this as investors are seeking safety. The biggest question is it seems crude oil is pricing in some sort of a deep recession, maybe something worse, where stocks on the year are down just 10 , perhaps still pricing in the vshaped recovery, which side is right . It is unclear. Perhaps the truth is somewhere in the middle. David thank you so much to for that market check. It is clear President Trump has inherited a major crisis in the white house. We bring in somebody who is familiar with dealing with prices, the white house chief of staff and secretary of defense as well as other major positions. He also leon panetta he is leon panetta. Thank you for being with us. Give us your view from 40,000 feet. You have dealt with crises inside government. How is the Trump Administration doing as they look at this balance between Public Safety and bring the economy