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Economy. We do think this is going to take some time yields on both sides of the atlantic fall. U. S. Futures suggest the dow will open 500 points lower travel and aviation crowd the stoxx 600 as lufthansa warns of deeper job cuts and unsettled return to work take away shares turn hire as snatching up grubhub. Beating uber to the top seat at the table. A very warm welcome to street signs. It has been a pretty remarkable morning already in the first hour of trade. Weve got a substantial selloff. The stoxx 600 down by 2. 6 it is really a sea of red. Just over a dozen stocks are trading in positive territory. This comes after the Federal Reserve meeting yesterday where they vowed to keep rates near zero through 2022. They forecast about a 6. 5 contraction. When looking at a policy stance and eyeing up some fresh ip infection data and seeing a rise of new cases in the west and deep south concerns of the implications of opening up the ....
From the bloomberg terminal. A 2 trillion dollar wipeout. U. S. Equities see their worst rout in 12 weeks. Is there more to come . The precipice of disaster. Americas fourthlargest city but it may reimpose Steven Mnuchin says the country cannot close again. Plus, european banks close to Capital Requirements. Just under an hour away from the start of trading. Futureske a look at after the big drop we saw. Saw drops in asian stocks overnight. If you look at yesterdays cash a drop in the dax. 559 points. 559 point drop. In terms of u. S. Futures, we see a little bit of green on the screen. 1. 5 gains in s p and the dow. Can news on the u. K. Economy, lets get straight to that. The u. K. Economy shrank by 20. 4 . That is versus the previous month. Dropstimate had been for a of 18. 7 percent. 19 or so. It does show a stunning drop in output for the u. K. Economy during speci ....
Go higher. The crash stride an hour away. Lets get your top headlines off the bloomberg terminal. China p. M. I. Data Beat Estimates but it is a mixed picture for asian stocks and u. S. Futures turned in the case negative. The w. H. O. Said the coronavirus outbreak in europe may be approaching its peak but across the atlantic new york city reports a 16 increase in deaths in just six hours. Plus lenders from howards bank to unicredit halts dividends at the request of the b. B. C. Well speak with the chair to have Advisory Board in just over an hour. We do see futures positive here. Certainly in germany. 3 4 of a percent. Up on the dax futures. U. S. Futures we pointed out are down right now. Of course that can change. Volatility is the name of the game these days but we see a little bit of a split in terms over the risk indicators. Anna, what do you see from your g. M. M. . An ....
Fall to the lowest since late 2015 as Jerome Powell opens the door to a july rate cut but investors ask, will he cut by 50 basis points . Packed, governor kuroda due to speak imminently after keeping policy unchanged this morning. The yen holds it strongest level against the dollar any year. Economists expect the bank of england to strike a hawkish tone but hold steady on rates as the candidates for next Prime Minister are whittled down later today to two. Good morning. Matt we are less than half an hour from the european open and i want to show you a quick chart of gold. Ands a hike in your chart we are at the highest level we have been in half a decade. 4. 70 1340 dollars. When the fed cuts rates, treasuries look less attractive as a competitive asset to gold and that is why you get the lift in the price. Lets look at the futures. We are looking at games. Plea gains. We didn ....
live from cnn center, this is cnn newsroom. with rosemary church. today marks one week since 21 innocent lives were cut short by a gunman who opened fire inside an elementary school in uvalde texas. in the hours ahead, the first funeral will be held in the devastated community. one day after grieving family gathered for visitations or two of the young victims. more visitation and funerals are planned in the week ahead. but some of the 19 students and two teachers killed in the horrific shooting. but amid the grief, there is growing anger over the police response. as the justice department to repair first a lot to review a law enforcement actions. cnn s, adrian bowed, us has more. we are now getting our first glimpse at some of the information relate to officers outside. robb elementary. school as a massacre was unfolding on the inside. abc news obtained a portion of video that appears to be audio from one 9-1-1 operator relaying information from a child inside the c ....