Austria chancellor retraced that aid must be disbursed as loans, not grants. Jay powell will tell the senate the fed is prepared to use its full range of tools to support the economy as traders bet the u. K. Will have negative rates by the yearend. A warm welcome to daybreak europe. Just a quick mind flashing across the screen on julius baer, one of the swiss private institutions, by the banking institutions. Asset management dropped by 8. 2 . They say their strategy for islementation of change back. 300 92 billion swiss francs in terms of asset under management. Good morning. Did we catch you offguard . He smiled and looked at the camera but it is a trifecta day. I have three things. Powell, 30e pivot by Million Barrels of oil demand in china, and you have a vaccine hope, so it is hope that is driving this or is it the pivot by powell that is the more dominant . Good morning. Nejra good morning, manus. It seemed to be what we heard from danna. We had the share hitting a record high. G
And here are your top headlines. Angela merkel and president Emmanuel Macron back a 500 billion Euro Recovery Fund for the European Union. The deal needs the support of all 27 eu members, but the two countries of the biggest payers. President trump called the World Health Organization a puppet of china and promise to pull u. S. Funding. Stocks and futures shake off tensions and push higher. After eights potential vaccine for coronavirus. It is raising 1. 3 billion to fund the development. Just under one hour from the start of cash equity trading in europe. We kick off this program with a relatively dire number, european car sales are down 78 in april as demand evaporates. You expect that if you cannot leave the house. Stock futures are barely higher now. Just above unchanged. Dax and ftse futures up about 0. 1 . We have breaking news from the u. K. In terms of the regime that will apply from january 1. Earlier this place year, but we are in this transition phase until the end of decemb
And louisiana congressman whip Steve Scalise on the new immigration rules coming out of the white house and Energy Secretary rick perry. The president promoting turning natural gas into plastics, you dont want to miss any of those fine gentlemen. Lets take a look at the market, futures pointing to low e open this morning, 86point loss on dow futures, losses across the board after bruising week last week and bruising start of the week with dow shedding 390 points, Goldman Sachs issuing warning on trade, does not believe u. S. And china will reach deal before 2020 election, treasury yields tumbling in yesterdays selloff amid global worries, trade fears, you take a look, 1. 3 , i said this yesterday, 1. 3 is the record low on 10year treasury, we are not far away, jon, your reaction with what really started last month in terms of a trade war and now currency war . Jon worried that we could be heading toward a recession, i was looking for confidence calls yesterday and youre starting to see
Record most strongly my personal apology and sympathies with all Sub Postmaster is, their families and those affected by this as we get into the conversation, there will be an opportunity for me to elaborate, but i felt that was important for me to say upfront. It but i felt that was important for me to say upfront to say upfront. It was the term ern adam crozier to say upfront. It was the term ern adam crozier to to say upfront. It was the term ern adam crozier to give to say upfront. It was the term ern adam crozier to give evidence. To say upfront. It was the term ern| adam crozier to give evidence. The whole company, because of what we inherited, whole company, because of what we inherited, effectively on the royal mail side inherited, effectively on the royal mail side that had not been invested in for mail side that had not been invested in for a mail side that had not been invested in for a decade, had not hit its quality in for a decade, had not hit its quality of in for a deca
You this morning, could you switch parties in november . If you a democrat considering putting for donald trump, voting for donald trump, 2027488000. A republican considering switching to clinton, 2027488001. Phone lines are open, lets take some calls here. While we are waiting for you to dial in, last nights primary results. We begin with montana. Bernie sanders and scored a in that western state. In new mexico, Hillary Clinton. As a victory there new jersey, Hillary Clinton also with a win over Bernie Sanders. In north dakota, Bernie Sanders wins another democratic caucus. In south dakota, the primary thee, Hillary Clinton with win. Here is where the delegates stand right now if you go to our delegate tracker. 2497. Y clinton with with 100 663. 1663. Lets listen to the Presumptive Republican nominee from last night after his victory. Say towhat he had to voters who had not supported him in the past. Just a minute. First bone colored emerson and indiana. A democrat. Good morning to yo