Of the mining, some of the oil and gas doing well today. Health care is the lead losing sector. We will talk about that with the devil, with the Telefonica Liberty deal. Brutalbank of england, a session being forecast. We apparently have an issue here in london with manipulating the turkish currency, according to the authorities. Local banks having interactions with a series of them. And the norwegians have cut rates down to zero. Down despiteking the krona is knocking down to 1. 96 . Earlier, Francine Lacqua speaking to bank of england governor Andrew Bailey about open it do qe for the bank of england open ended qe for the bank of england. Weve got a rapid expansion of stimulus, so we got a lot going on. We have already got a lot thats happened, and weve got quite a long way to go in terms of what weve announced. In terms of payments, we will be going until probably early july. The view we took is that although we said in the march report that we will obviously continue to support the
Drug failed in trials. Good afternoon afternoon and good evening, good morning. This is viviana , this is bloomberg surveillance. First thing is first, this is what your markets are doing. A lot of the focuses on earnings. A lot of the focus yesterday was the fact that we saw this blunder through w. H. O. Leaking. We understand gilead and the impact we saw on the markets because the trial was not as successful as a lot of people were hoping it would be. Overall, your markets are also focusing on oil. Touch today, west texas actually extending the recovery, treasuries climbing with the dollar, and a lot of the focuses what is going on with italy, the Italian Government bond fell after the europeans felt signed off on this plan, immediate follow from the pandemic, and we also look at Corporate News and some of the earnings. Ifo german Business Confidence falling, but it was expected. Of the 79. 7 figure. Again, that is the lowest ever, and in about 30 minutes, we will speak to the head o
What is so important is a massive shift and the quality of the riskuncle relations this morning. I dont want to over of the riskon relations this morning. I dont want to oversell it, but it is that type of monday. Francine we will ask how some of these countries are doing with lockdowns in a second, but first lets get to first word news in new york city with viviana hurtado. Viviana as soon as may 15, that is the date could begin reopening. Governor cuomo laying out a phased plan that starts with construction and many factories. He said he would probably begin upstate before moving to the new york city area. Yesterday the state reported 367 deaths, the lowest in almost a month. To the u. K. , where Horace Johnson is back at work. The last cup where Boris Johnson is back at work. The last couple of weeks he recovered from coronavirus. In his first public statement, he urged people not to give up on social distancing measures. He said ending the lockdown now would risk a second spike of
Extraordinary. The underlying reasons why is very clear. We are up to our eyeballs in oil, at that means the price goes down. We have some terrific perspective today on oil. Too much oil, not enough storage. We will have plenty more on oil and we will try to figure out whether this could happen to another part of the market, but first lets get to the first word news in new york city with viviana hurtado. Viviana we begin with speculation about the health of north koreas leader kim jongun. The u. S. Official got word that mr. Kim was in Critical Condition after cardiovascular surgery. The white house reportedly was told mr. Kim took a turn for the worse. Kim is 36. He recently missed holiday celebrations in pyongyang. Now to president donald trump, issuing an executive order temporarily suspending immigration. Late monday night, the president tweeting the move is needed to contain coronavirus. He also says it will protect american jobs. No word on how the suspension will last or who it
Reports out of earnings. Some ceos talking about china being slow to recover, for example. Seeing the pace picked up at a very slow rate. We also have the Economic Data this morning, personal spending down 7. 5 in the united states. Compoundingdp data yesterday. That said, the 10 year yield us to let 60 basis points the fed and the ecb are doing all they could possibly do to keep the Financial Markets working. To point out. Ocks tesla up 4. 3 , just one exhibit 11 Earnings Report investors were cheered by, even though there are plenty of challenges facing tesla ahead. Twitter reported advertising revenue down about 1 4, and even though monthly and daily subscribers are up, the advertising revenue is very concerning to investors. That stock down more than 5 . Lets talk more about the ecb. The central bank is absently front and center. The data out of the euro zone today, 3. 8 in the First Quarter, the fastest contraction we have ever seen. The ecb now seeing a series of longterm loans f