Annualized basis. Slightly less bad in the estimates. They do expect a contraction of more than 20 . Nonetheless, the nikkei up 2 . You looking at u. S. Jobless claims and payroll, adding urgency around stimulus in washington. The snp active futures in the u. S. Up 1 10 of 1 . The dollar still a big story in terms of the weakness. 6. 97 . Offshore at stronger data suggesting the economic recovery in China Remains on track your the bloomberg dollar index flat. This is what is happening with the dollaryen, flat essentially. The pound on a tear. Have a the boe that will meeting thursday and no action is expected. We will look at some of the commodities as well. 56,10 year yield below yelled at 55. Today we are expected to get details around a treasury in cash issuance and the economic recovery plans in the united states. Thats whats happening with oil at 43 a barrel, down 6 10 of 1 . Lets get to first word news with Karina Mitchell in new york. Karina global coronavirus cases have topped
Corona crisis you can find more Information Online at e. W. Dot com and on t. W. Social media channels. Tourists have never been as welcome as they are now. The coronavirus condemning it has put the brakes on tourism in berlin everything came to a standstill who weeks. Pleasure boats once filled with sightseers and now mostly empty hotels and restaurants also worry that people will stay away. And obviously we have to show were still hearing that were responsible for the livelihoods of 45. 00 people and that they didnt get it usually worked out. 80 percent capacity right now its around 20 percent of whats happened to. The industry faces huge losses now people who depend on tourism hope that the coming months will bring a turnaround as visitors put the lockdown behind them. Welcome to our coverage not in special here and itll be a new some want to johnsonville him with us now normally theyd be everywhere crowding beaches mountain tops and in a city sleeping their rubbish behind and lots
[inaudible conversations] good morning. Today is the day we will examine the president s fiscal year for the epa joining with morning is administrator wheeler and acting chief Financial Officer. Welcome to both of you. Fiscal year 2021 the president s 66 billion to the epa but this request the presidency of what you were able to achieve on the fy 2020. And then to eliminate the new funding we provided to address pfas and the Clean Energy Funding grants c by 47 percent at 409 million fy 2020 also has money from the 3 billion we invested with our nations crumbling Water Infrastructure. Recently held a listening session and they would lose and what at what happened of these cuts were to go through the pollution control also proposed cuts to the clean water grant act air pollution and monitoring to have our communities back home included it would be an absolute catastrophe for clean water. And i directly heard about concerns with the budget with the pfas pollution it could be truly devasta
State bob joining us this morning along with tennessee senator Senate Armed Services Committee Marsha blackburn. 5 cohost Juan Williams, big 3 hours coming up right now. Fox Business Network dagen mcdowell, wall street journal assistant editorial James Freeman and former republican president ial candidate steve forbes, good to see everybody this morning. Good to be with you. Steve and i jumped into mcdonalds on fifth avenue, breakfast of champions. Make maria great again, even greater. Maria oh, my god. Thats right. Maria markets are higher, we had the powell conversation yesterday and, of course, testimony hit markets on the upside, we got that optimism once again this morning, the chairman jay powells comments about the rate cuts and and the backdrop for the economy, the central bank sounded doveish citing global and economic conditions, watch this. We look at a broad range of data, since the june meeting and for a period before that, the data have continued to disappoint. Lets go to
Lee of california on the 2020 spending package being worked and by the house. As always we take your calls and you can join the conversation on facebook and twitter. Washington journal is next. The federal deficit jumps 207 billion in may. Those on Social Security face a 20 cut in benefits unless Congress Acts and lawmakers face a deadline to avoid mandatory cuts across the board. Is thursday, june 13 and spending season is upon us. This morning, your chance to tell washington how you want them to spend taxpayer dollars. Republicans, 2027488001. Democrats, 2027488000. Independents, 2027488002. You can go to twitter at cspanwj or join the conversation on facebook on facebook. Com cspan. We will get to your calls in just a minute. How do you want lawmakers in washington to spend these federal dollars . What are your priorities . Take a look at the drudge report, the banner headline federal spending sword. Wall street journal with similar headline. U. S. Budget deficit grew 39 in the firs