Damage assessment economists expected payroll reports to show 22 million job losses, taking unemployment levels to their highest since the 1940s. Neel kashkari says the impact will be devastating. And customer orders slump. We speak to the ceo. Lots still ahead in the trading day. We will talk about siemens numbers and the lack of visibility. We also get plenty of analysis for the jobs report which we expect to see later today. With that in mind, lets take a look at futures. It seems we have found plenty of reason to be cheerful this friday. We will not have any trading in london because it is a Public Holiday, but we have plenty of positive trading coming in from the Asian Session and indeed, in the futures, we see that reflected. Futures point higher by around 1. 3 while european futures, where we see moves to the upside. Euro stocks futures up by a similar amount. Of focus on reopening, which seems to be taking place or being planned for in various parts of europe and in some cases
Steps. Morgan stanley and wells fargo join european lenders in pledging to preserve jobs during the crisis. Deutsche bank says it will pause future cuts amid its restructuring. Welcome to bloomberg daybreak europe. U. S. Futures on the back foot today after the best threeday gain in mere nine decades for the s p 500. The dow is technically in a bull market but it is 25 below the february 12 record. In terms of asia, a mixed picture. Following that emergency 75 basis point cut by the bank of india. A big drop in industrial profits in china. That is the news overnight out of asia. The 10year treasury yeild slipped five basis points. Risk off coming back into these markets after the powerful risk rally. We ask the question whether it is a bear market after the devastating rest jobless claims numbers, so weakness in the dollar. The dollar is hedging for its biggest retreat since 2009. Gold has its biggest weekly advance since 2008 after the effects of the funding squeeze and oil heading fo
Transcript to fit their political meme. My question is what are we going to hold nancy closely, adam schiff response will for their treasonous actions but that is from michael in florida. We will go to steve next in fitzwilliam, New Hampshire. Steve, go ahead. Caller hello, sir. Good day to you. All right. This is all give intake. This all has been a plot since the day the man was elected. That evening. They came out and said on video we will see the ruination of donald trump. And they have been doing that since day one. If it is not one thing it is Something Else the next day. This wont work, well try Something Else. Host steven New Hampshire we seen video of the chief justice departure and we want to let you know the senate has been in a quorum call and very common in the u. S. Senate if you are a regular watcher. No business conducted they are waiting for senators to come to the floor and speak but as of now, in a quorum call and we will continue to take your comments and calls as t
Constitution. You can hear more from robert byrd who served in the u. S. Senate for more than 50 years, this sunday at 5 00 eastern youre on American History tv on cspan3. At the annual Southern Historical association meeting, a group of professors discussed challenges and strategy for teaching the reconstruction era. They talk about sources and trying to find a balance between National History and local history in survey courses. [laughter] aaron good morning. My name is aaron dean, and i would like to welcome everybody to our panel this morning on teaching reconstruction. We are happy to have cspan here, which is not normally part of these panels. We will get going right on time. I will also explain first we will use this morning and then get out of the way. I will offer just a couple of to kind ofy remarks set things up, and then introduce our panelists, and then they will each talk for a short bit, we are hoping within the fiveminute range and i did not bring a cudgel, but every on
High berlin and moscow criticize sanctions against the gas pipeline accusing washington of interfering in internal affairs. Credit suisse, confirms it had former executive board member followed after the domestic regulator opens a probe at the lender. China plans to reduce tariffs on more than 850 goods as it looks to boost imports in the coming year. According to the finance ministry, beijing will lower the rates for goods such as diabetes drugs and frozen pork to help with shortages caused by the swine disease. This as the second largest economy faces slumming growth and trade tensions with the u. S. President donald trump says progress has been made in the socalled phase one trade deal after a phone call with president xi on friday u. S. Leader tweeted he had a good conversation with his counterpart and a formal signing of the agreement is being arranged chinas news agency reported during the talk the chinese leader expressed deep concerns about the, quote, negative words of the u.