Drillers to leave oil in the ground. Good morning, this is bloomberg surveillance. I am Francine Lacqua. Lets check in on the markets. We have a lot of news, but we are used to it. Terms of european stocks, u. S. Futures, and everything in between, the big story is oil. We had the iaea report yesterday, production cuts on sunday did not seem to be enough. Stocks rising, u. S. Futures rising. Investors are trying to gauge the damage caused by coronavirus, and awaiting the next corporate earnings. The dollar also extending gains. Lets get the first word news from new york city. Milestone, with a global infections topping 2 million. In the u. K. They will extend the nationwide lockdown as Officials Say there are signs britain may be passed the worst of the pandemic. In theh korea, and election, the Democratic Party in the 300places seat national assembly, that is the largest elementary victory in more than 30 years. The result as a show of support handling of the coronavirus outbreak. Fiv
Economically but really to the health crisis. Is norancine, there question about the extension of the virus. The cases of the virus are rolling over, but i will tell you, if you look at it graphically, it is ever so slight. The dawning awareness here in the pandemic in the last when he four hours is a primal scream for testing. In the last 24 hours is a primal scream for testing. There is a new awareness that Going Forward we need testing, and that is not so much to get people back to work but to stop the job losses. Remember, we have jobless claims this morning at 8 30. Francine what you are talking about is two different tests, right . Both i hear more and more people calling for action, testing on whether you have covid and testing on whether you had it and have developed antibodies. Thats get to first word news in new york city. Lets get to first word news in new york city with evian hurtado. Viviana President Trump will a lack will talk today about whether to relax guidelines. He
Giving a little bit of a lift to your markets. I am looking at the u. S. 10year yields now coupled with this truce around these trade tensions is weaker than expected factory numbers. Watch out for that. , 1387. See gold down manufacturing pmi below estimates at 47. 6. Than what the preliminary reading was. We speak to Joseph Oughourlian. The best opportunities to find value. Lets get to bloomberg first word news. Hi, francine. Deutsche bank may cut more than a fifth of its workforce. It would be the lenders shakeup in years. They may approve the loss as many as 20,000 jobs. They were working on tough cutbacks after failed merger talks. Trump coming the first sitting u. S. Leader to set foot inside north korea. He met with kim jongun at the militarized zone at the demilitarized zone. He said stepping across the border was a great honor. He also invited kim to visit the white house. Closer to becoming the next European Union commissioner. President donald two skids trying to shore up th
Amber Capital will back a
strategy shift at ProSiebenSat.1 put forward by the German
broadcaster s top investor MFE-MediaForEurope at a shareholder
vote later this month, a senior executive at the.