Here are your top headlines from the bloomberg terminal. The fed flags the risks. Global stocks slide. U. S. Central bank minutes say the virus will weigh heavily on Economic Activity. Also betes will released later on today. The u. S. Suspends its extradition treaty with hong kong. Beijing and washington are also set to play in resumption of trade talks after last weeks flop. The eu rejects the results of the belarusian election. The block falls short of calling for a fresh bowl even as eight individual members back that kind of mood. Move. Lets take a look at futures. We are seeing red across the board in terms of european futures. More than 1 drops on the euro stock. Ftse very widely traded. Dax futures in frankfurt. Acrossseeing red arrows u. S. Futures as well. Still looking at drops their. 0. 5 on s p, dow jones, and nasdaq. Anna . Anna we see the European Equity market having to catch up a little bit. Lets get to breaking news in london. Too late is where they operate. Numbers c
Week on the hole for global stocks. Lets get a first word news update. Heres leighann gerrans. Leighann president macron of france has appointed a new Prime Minister. Macron is preparing to reshuffle his government in the widely expected relaunch of his presidency for the final two years of his term. North Korean Leader kim jongun urging people to stay alert of coronavirus. He warned that complacency could lead to unimaginable and irreversible crisis or get despite the warning, he has reaffirmed north koreas claim to not have had a single case of covid19. This is widely doubted by Global Health officials. European president christine crisiss signature fighting tool is becoming the focus of disagreement among policymakers. Governing councilmembers face a potential risk over how much their emergency Bond Purchase Program should stay weighted toward weaker countries such as italy. That is according to multiple conversations with central bank officials. And hong kong, police have charged a
To try to get there first and that sort of thing so im hopeful we will very much try to learn as much as possible from that facility and from all the other ones too we have a lot to learn here. So well certainly be trying to do that. In terms of fiscal concern, so, you know, for many years ive been before the fed i have longtime been an advocate for the need for the United States to return a sustainable path from a fiscal perspective at the federal level. We have not been on such a path for some time, which just means that the debt is growing faster than the economy this is not the time to act on those concerns this is the time to use the great fiscal power of the United States to do what we can to support the economy and try to get through this with as little damage to the longerrun productive capacity the economy has possible the time will come, again, and reasonably soon, i think, where we can think about a longterm way to get our fiscal house in order, and we absolutely need to do
Josh lipton standing by and gene munsters gearing up for facebooks call and we kick things off for Julia Boorstin for facebooks big quarter quite a move quite a move, Melissa Facebook shares up almost 10 on better than expected revenue and user growth. Cfo dave waner reassuring investors saying that while the outlook is uncertain, advertising is stabilizing so far in april were not immune to this from this crisis. We did see a steep decline in advertising revenue starting at about the first week of march, and that sort of continued weve seen some more recent stabilization as part of the Earnings Release we did include information on the advertising performance in q2 in april and thats about flat year over year. Facebook lowering its expense guidance for the year for 56 billion, as the company spends less on travel events and marketing as well as slower head count growth while the user growth and engagement did surpass expectations with 2. 36 billion people using one of its apps every s
Futures and negative territory for the first time on record. Air travel is floundering with carriers slashing services and grounding planes. Richard branson says the virgin operation may not survive. Today was big story the crash in oil prices. We have the wti futures settling at 37. 63 per barrel. You are taking a look at june futures at the moment. This of course still at a volatile level, but the real question being is will it suffer the same fate . Today, we saw the technical auditing exacerbating the price plunge away from the may futures contract ahead of the Energy Companies running out of place to store oil. U. S. Futures jumping 3 10 of 1 after they pulled back from a six week high. Quibi stocks under pressure. Jim. Ng us now is what was interesting in todays session was it a virgins we saw in the market. We had the price of oil collapse but at the same time, really not a lot of movement when it comes to the u. S. Stock market for the treasury market. Why are we seeing such di