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Market. Three year and 10 year bond options coming in superstrong. Watch how that winds up performing. Time now for todays top market moving news from our new york team and washington team. We want to begin with economic the u. K. Economy shrinking on the 6 in march. Predicting what could be its deepest contraction in more than three centuries. Bloombergs Michael Mckee has more. Michael ask not for whom the bell tolls. It is the u. K. This time. Just one week under lockdown was still enough for a 2 contraction during the first quarter. As you mentioned, a 6 contraction during the month of march. Britain plunging into what may be its worst depression or recession, at least, since 300 years ago. Three centuries, according to those who have been figuring out. Tourism fell by 46 , air transport down 44 . Engine ofpending, the the economy, down 1. 7 in the first quarter, the largest drop since the financial crisis. We got data from the ....
Different for many families tomorrow as dozens of School Districts around the bay area will be closed. Ktvus greg liggins joins us live with how families are getting around the bay area. Reporter tomorrow the school behind me as well as mr. Other schools in alameda will be closed as well as schools in oakland, San Francisco, across the bay area, across california, for that matter. So many parents are trying to figure out what to do about child care and also trying to insure their kids continue to learn while theyre out of school. This weekend the nonprofit Bay Area Tutoring Association has been getting a flood of calls for help. The last few days have been unprecedented and the number of phone calls and emails that we received on our website in terms of how can i support my student or how can i make sure ....
Equities climb as President Trump delivers a measured response to iranian strikes on u. S. Bases. He does, however, promise new sanctions on tehran. Fighting back, japan calls of itsghosns criticism legal system absolutely intolerable. This after he blasted tokyo for hostage justice. Plus, not so fast. Hard. In hong kong hits u. K. Retailers post sales britishafter what the Retail Consortium called the worst year on record. Speaking of that m s Third Quarter, looks like u. K. Sales theout, gaining 0. 2 , and fullyear guidance has been ishanged, but mark spencer out with like for like u. K. Sales. We are also getting german trade balance and current account data right now as well as industrial , the Industrial Production yearoveryear figure, a drop of 2. 6 ....
Trade talks calling progress in trade talks calling progress in trade talks. Lets get started, then. Frances government is set to unveil details today of its programme to reform pensions. It comes as commuters have been dealing with transport chaos amid a series of widespread strikes. So, what could the changes entail . At the moment, france has a retirement age of 62, which is one of the lowest in the developed world. Some Railway Workers can even retire as young as 52 years old. France has 42 different pension schemes at the moment. The government would like to unify them into a single system. If the government is unable to push through the reforms, one independent forecast warns france could be facing a deficit of 18 billion by 2025. The Prime Minister of france, edouard philippe, is hopeful the countrys influential trade unions cancel future strike action when the propos ....