In the block frances g. D. P. Fell by 5. 8 percent over the quarter as did spains economy declined by 5. 2 percent now german officials had also announced this week that they expect their g. D. P. To decline by 6. 3 percent for the year overall meanwhile the European Central bank announced thursday it would keep Interest Rates where they are at 0 but added they will continue stimulus measures until the economy stabilizes. And here in the United States new filings for unemployment reached 3400000 for the week ending the 24th of april now this brings the total number of claims over the last 6. 1000000 despite the dismal Economic Data an incredible number of unemployed americans markets are on pace for the best month and decades today of course excluded so lets get some expert analysis on the situation with tobin smith c. E. O. Of transforming research and boom bust cohost christi i thank you both for joining us today now christy weekly weekly jobless numbers are in now as i just mentione
More protection, the ecb tweaks policy. The economy ravaged by the coronavirus. Ftse futures point lower, and much of europe is closed but we will see trading in london. Apital is coming apollo aims to raise 20 billion and several new funds for opportunities in distress and private debt, this after boeing sold 25 billion worth of bonds in the largest offering of the year. Just under one hour away from trading in the equity markets that are open. London notably, and the ftse futures are down this morning. We also see s p futures, dow futures, and nasdaq teachers down. Nasdaq futures down. We know the u. S. Markets will be open as well today. Typically a european holiday. The u. S. Has detonated a different has designated a a different day for that purpose. The notable figure, the first one i see in the First Quarter, 802 Million Pounds versus 86 Million Pounds in the previous year. This is a number we are looking out for a lot of banks during this crisis. Newsrms of other notable from r
Us today now christy weekly weekly jobless numbers are in now as i just mentioned 3840000 filing for unemployment which is worse than expectations again how bad can this actually get. It came back quite bad because if you remember we have been coming in worse than expectations now for about 6 weeks in a row so now you have roughly 30300000 people who have filed for unemployment in the last 6 weeks which its pretty much one in every 6 americans so with more employers cutting payroll in order to boost their earnings economists have now up their forecast that the Unemployment Rate for april could go as high as 20 percent now unemployment has always been a bit of a lagging indicator given the time it takes to process and gather all these numbers some analysts suggest that the real numbers are likely to be higher and estimated that up to 12000000 more people have lost their jobs to claim yet given the backlog in the system the biggest drops to date came from california florida connecticut a
Incident was caught on camera. Cell phone video shows a man brandishing a back moments before he was shot dead by San Leandro Police during the detention. Officers the boy tasered. A taser was in effect. The same officer then fired one shot at the suspect striking him in the torso. At the same time simultaneously the second officer for their taste. The incident happened just before 3. 15 saturday afternoon inside the walmart on his spear in boulevard we spoke to a customer off camera who was inside the store and i heard. People ran towards. The back from the front of the store saying there was someone with a gun and then there was someone shooting. This video shows the chaos inside then more people started to come towards them. And thats when everybody kind of started getting in panic mode and everybody kind of just wanted to find an exit and everybody was scared everybody huddled together San Leandro Police initially responded to a robbery but that was not the case when they arrived p
Seriously when you have such weakened trading volumes. In oil, a choppy session overnight after a big gap down sunday. The direction now depends on when the Global Economy will be able to open up, and that will be the indicator for all of the economic data, as well as risk appetite. Time for todays market moving news from our new york team. We begin with a historic price deal. Plus coming to an agreement to to cut minutes output. ,inutes after the deal was done the Saudi Oil Minister saying that opec is up and alive. With more is in reordering. What do we with more is annmarie hordern. What do we know now . Annmarie they were able to finally clinch this deal, 9. 7 Million Barrels a day. I would say that the main takeaway, goldman put it as historic, but insufficient, given how bad the demand loss is and how bad the supply glut is. These cuts of 9. 7 Million Barrels a day. We should also say that goldman puts it at 4. 3 Million Barrels a day, when you take from First Quarter levels, ass