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Following the situation from virginia she says the consulate closure will only worsen relations. The decision to close this consulate which happens to be the 1st consulate that the Chinese Government opened in the u. S. After it removed diplomatic ties with the United States back in 1979 the u. S. Has also been imposing sanctions on Chinese Government officials on students on businesspeople its trying to bring to the United States for trial the number 2 of way she is fighting extradition from canada to the United States as we speak the Chinese Government in turn has kicked out reporters has strongly surveilled people who have been working inside t ....
Pound hole in its bottom line. Auto aid renault struggles to restart production amid faultering demand mixes messages from the hill was fed chair and secretary mnuchin give different assessments of the speed of the recovery they also seek to defend their stimulus measures from accusations they are propping up wall street at the expense of main street. Main street is in a class by it self really. Diverse small, medium and Large Companies different credit needs, some credit based, some asset based. It is a really complex undertaking. A warm welcome to the program. Lets kick off with the top corporate story. Marks and spencer has reported more than 20 decline. The company added that it with also accelerate a restructuring effort aimed at trimming costs during the pandemic. Lets get to steve who joins us outside an m and s store in london theyve been struggling to restructure for years now. Is it going to be different this time aroun ....
Ready and waiting. Jerome powell says the fed is willing to use all weapons to combat the coronavirus downturn. Philip lane says the ecb is prepared to boost bond buying. Andrew bailey testifies in front of lawmakers today. A lot of centralbank action. Global coronavirus cases near 5 million, as one report throws cold water on modernas vaccine testing. That is what drove stocks lower yesterday and now we see futures down here, up in the u. S. And asia, say mixed picture. J. P. Morgan joins a Goldman Sachs in saying that further quantitative easing is needed to cap bond yields. The u. S. Is so strong a billion dollars of 20 year treasuries today and it looks like a lot more supply is getting mopped up by the central bank. An hour away from the start of cash equity trading in europe. Take a look at the picture here. Arrowslooking at all red in terms of futures, euro stoxx, ftse futures and dax futures are down. If you take a look at ....
It is the new epicenter. It is spreading like wild fire. The Oil Price Wars raging on this morning. Saudi arabia says it will boost production to the max, 13barrels a day as russia is increasing production as well. Mornings with maria is live right now. All right, we want to start with Global Markets this morning. Ftse 100 up 50 points. Cac quarante up 83 82. The bank of england announcing an emergency rate cut this morning, 50 basis points, bringing that rate down to a quarter of a percent, thats from the bank of england. In ash overnight red across the board. Take a look at the story. Worst performer here was korea as well as japan down better than 2 a piece. Back here at home 10year yield falling, down another 10 basis points this morning at. 711. The countrys lockdown moving toward shutdown in italy. Signs more severe restrictions could be impose today stop the spread of ....