Commitment to reviving inflation after yesterdays landmark German Court Ruling. Disney takes a 1. 4 billion hit. Bmw joins Fiat Chrysler and vw on warning for the Second Quarter. Unicredit set aside 900 Million Euros. We break the full forced quarter members. Firstquarter numbers. Have we have manus we those firstquarter numbers, a loss of 2. 71 billion for the First Quarter. The market penciled in a number of 1. 95 billion. You are bang on the money. They were one of the first to come out with 900 million set aside for covid19. Italy will contract by 13 . This is the challenge for they were one of the lead nonperforming loans. Unicredit, the stoxx 600 banks index still underperforming. The exposure is a critical issue for all of the banks. We do not seem to have broken that symbiotic relationship between banks and the sovereign. First quarter loss, 2. 71 billion. Net profit a year ago. This is a bank influx at the moment. In flux at the moment. We are waiting for numbers to come throu
Hardpressed drillers . We will ask. Now we are quoting the next contract for june delivery. The price coming in at, where was it moments ago, what was it, 15, 16 a barrel. The president will fill the Strategic Petroleum reserve with up to 75 billion barrels. That helps storage capacity. But it makes no impression on collapsing demand which is at the heart of the oil price problem. A lot of people expect that that price, the one we see right now, what was it, 16, 15 a barrel, expect it to down from here. Well see. Stocks, theyre down in part because of the Oil Situation. Its another indicator of how badly the virus is affecting the economy. Investors not happy about the demise of Americas Energy industry. The dow will be down 500, s p, lets see, 54 points down and the nasdaq down about 82. A small loss in percentage terms compared to the dow and the s p. Well, the president s twitter account active last night, late last night. He called the virus the invisible enemy and said he would is
Businesses dont go anywhere americas war starts right now. Millions of americans are struggling to get their stimulus checks but even if they can get through the iris web site they can still have banks steal their money join me to talk about this is fair and cousins editor the national trialware magazine this this story i guess its no surprise right this whole litany the whole nature of this legislation was to put money in the hands of people so they could eat so they could pay their rent now we see the threat of banks saying what well the banks are saying hey you have Overdraft Fees from a couple years ago oh youre youre behind on this payment that you know this debt that we hold for you were going to steal your money and the worst part about this is not. Just the fact that the banks are doing this its that this was intentional this was intentionally put into this piece of legislation because they wrote in a provision congress did as part of the stimulus package here that the federal
Instead the rule says were going to leave it up to the treasury run by steve maneuver the banker hill decide if banks are allowed to take your money and of course minucci did the very predictable thing which was to say absolutely banks if somebody owes you money this stimulus check is going right into their account at your bank you can go ahead and keep it that is what they explicitly told the bank teller and extent the bill exactly limit you the back story a little bit more Treasury Department is having this massive webinars telephone conference with banks all over the all of the u. S. And they they say by the way is it ok if we take this money that comes to us the 1200. 00 check and if they owe us money on overcharges are they on us money on delinquent payment on a loan that we can take that money and real cutesy she says well you know theres nothing the explicit that says you cant add other words youre right they understood this when they went into it. 1 understands that hes looking
Millions of americans are struggling to get their stimulus checks but even if they can get through the i. R. S. Website they could still have banks steal their money join me to talk about this is fair and cousins editor the National Trial where the magazine this this story i again its no surprise right this whole living the whole nature of this legislation was to put money in the hands of people so they could eat so they could pay their rent now we see the threat of banks saying what well the banks are saying hey you have Overdraft Fees from a couple years ago oh youre youre behind on this payment that you know this debt that we hold for you were going to steal your money and the worst part about this is not just the fact that the banks are doing this its that this was intentional this was intentionally put into this piece of legislation because they wrote in a provision congress did as part of the stimulus package here that the federal government cannot seize any of this if you are th