Proceed with caution that is the message from the prime minister as much of the economy in england reopens, having been under lockdown since the start of the year. Also for wales and for scotland as well. One of the sectors worst affected by the coronavirus shutdowns, the hospitality industry. Customers can now meet indoors. Pubs, cafes and restaurants can serve guests inside, although with table service and social distancing in place. All hotels, hostels, b bs and conference centres are also set to open. Here s what some businesses think about the reopening. Lockdown was a very, very tense time. What has been very lucky for me is that i have not lost any of my 500 staff but it was at a price and the price was that cash has been haemorrhaging out of our account all the while. We have no revenue and yet we continue to pay rent, there are lots of business costs that don t go away while there has been no cash, you really have become a business that is on its knees, waiting for the resur
let s go through the main business stories. on monday, uk prime minister borisjohnson said a planned reopening of the economy could take place in england next week, with the opening of all shops, gyms, hairdressers and outdoor hospitality areas. but he said it was too soon to say whether international summer holidays can go ahead this year, a remark that many in the travel industry have interpreted as suggesting that the planned reopening of outbound travel could be pushed back beyond may 17. the business travel association summed up the mood, describing the news as beyond disappointing. joining me now is susannah streeter, senior investment and markets analyst, hargreaves lansdown. the travel industry have been lobbying hard to get this data brought forward. it looks like there which was not granted. it certainly does seem as though caution is the name of the game here. yes, there were high hopes that actually, the global travel task force would say is it safe, certain route
plus ikea s free trade fears. the boss tells us protectionism means higher prices for everyone. hello there. we start in the us where wall street shares have slumped once again on fears that interest rates could soon be on the rise. the chair of the federal reserve, jerome powell, has been trying to reassure investors that ultra cheap credit will remain in place for the forseeable future. but it seems they no longer believe him. proof of that a sell off on the stock market especially in those technology shares that have done so well in the pandemic. the nasdaq has lost almost 10% since its peak in february. and a surge in interest rates or yields on the bond markets. from new york samira hussain has more. covid 19 infection rates are falling. vaccinations continue across the country and americans are beginning to feel more hopeful that an end to this pandemic is coming. it is part of the reason why the long term bond landings have gone through the roof, it is a sign t
if robinhood was hoping for an easy ride from the authorities, it will have been sorely disappointed. not talking about the 13th century outlaw, but the trading platform that shares the name. accused of market manipulation, the app restricted trading in the now infamous gamestop stock as redditers forced professional outfits to take on huge losses. our north america business correspondent, michelle fleury, has been following the hearing from new york. this is a new chapter in the gamestop saga, politicians trying to understand how in january, shares were gamestop, brick and mortar video company rose 2000% and turned wall street upside down. for several days, little investors be beat out big ones with an online reddit form called wall street that. one investor, kate gill, is become the face of the movement and whose alias is roaring kitty, push back against any suggestion he manipulated the market. the idea that i manipulated the market. the idea that i used manipulated