The declines in technology and real estate shares on the stoxx 600 and then the Pound Holding on to declines we saw yesterday as figures show that the u. K. Economy contracted more than any other in europe in the Second Quarter. Plenty more of markets shortly now lets get straight will raise more questions over the governments handling of the pandemic. There are worrying signs the bounceback may run out of steam. Hard times are here. Hundreds of thousands of people have already lost their job and sadly many more will. But i will say to people, although tough decisions lie ahead for all of us, no one will be left without hope or opportunity. Up ina plans to bring tiktok in talks with the u. S. It is likely to take place as soon as this week. We are not certain what beijing hopes to achieve when bringing up the app. It comes just days after President Trump signed a ban on transactions using the app on National Security grounds. Protests in belarus. Protesters took to the streets to have
My board is taking action to make sure america has the equipment needed to fight the Global Pandemic. Beijing hits back after President Trump questions the accuracy of chinas coronavirus data their numbers seem to be a little on the light side im being nice when i say that, relative to what we witnesses and what is being reported Cruise Companies forced to issue stock at 8 a share and raise debt with a staggeringly high coupon. Very warm welcome to street signs. Lets get you a check on Market Action it has been a choppy session for market equities. All four of the Major Regions are seeing gains we saw the dax lower and the ftse 100 before rebounding now we have seen an uptick we have seen on both sides of the atlantic, a plunge in equity prices today, a little more optimistic. Clearly overall, investors still lack conviction of where we go from here. More to look at the severity of the impact even more americans filing unemployment we saw a record of 3 million americans filing for bene
This is bloomberg. Vonnie thank you. We are back in a moment. Vonnie this is bloomberg markets. On vonnie quinn. Saysard chartered ceo singapore and hong kong could recover from the pandemic in the second half of the year. Francine lacqua spoke about what the western world could learn about controlling the virus. The bank of england took the view, understood the view that given the uncertainty around this crisis, uncertainty in terms of financing requirements, uncertainty around the losses that banks will take, its appropriate to be atraordinarily despite strong Liquidity Position and loan but today, regulators have taken the view that prudence should rule the day. I understand that. When can we get back to Something Like a more normal capital strategy . Role ofhave to see the banks helping the world recover from this tremendous shock, has largely flown through. We can all speculate how long that will be. I think we will see the ability to return to normal by the end of the year, but e
Street really is power lunch starts right now and we do welcome you to power lunch. Im bill griffeth, were going to look at where the markets have been standing today we have been in rally mode for the most part, but as we all know from last weeks epic volatility, things can change very rapidly with any particular headline, but as you see, more than 1 gains for all three of the major averages nasdaqs wiping out last weeks losses at this point the s p, thats still 3 from record highs but you can see that some of the safety sectors have been hitting alltime highs today as bond yields rebound we have Consumer Staples, real estate, and utilities doing very well today that means theyre expecting even lower Interest Rates. I would imagine, melissa bill, thanks. As you mentioned, stocks rebounding bond yields also bouncing bab. Whats behind these moves . Lets get to bob pisani at the new york stock exchange. Important thing here, its been quite a rally in the last couple days. Look at some of
Very very very modestly on monday in a fashion dynamic of course the wall street session of the night it was wait and see a trade is looking testimony coming up later this week got you a skilled place in the direction for the fate of course but also in japan look of cool Consumer Prices patoka this is the leading indicated that rising 2. 5 on the shop acceleration thanks coming into that because we had peace from last look than we did actually do moments not considering calling the view from the economist to is that the boj ship balancing a blend of economic thing comes through the point of the equity in a little bit on continuing to hold around the 150 mark to what we think a career in the side of trade because we have the kospi just coming online here again a little the Fourth Quarter gdp figures the ancient to to. 2 on the. 6 of court a little bit of weakness that equity space is one of really try to take latest lessons from japan culprit governments are forming one of the fact is t