Unfolding story within the United Kingdom, and quite frankly, across europe. Lisa this is a story that just encapsulates 2020. A mutated virus destroys christmas. That seems to be the mood and the United Kingdom as people look toward a more virulent strain that we are seeing. Tom the strain is a big shift. For those of you just catching up, we showed brandenburg at berlin. It could be any other airport in europe as people are trying to figure out what to do. Euro star really chaotic this weekend. This is a movable story. David and maria will join us in a moment. I want to focus on a new variance of the virus. We are thrilled that paul hunter will join us later in this hour, truly expert on religion. Let me look at virology. It. Res not doing they have worsened dramatically. The vix says it all, up five. That is not a typo. Wake up, matthew. Get off the ski slopes. 27 point 09, that is a huge big figure move in volatility that wrapped around the virus, wrapped around what we see in the
Tom i would really suggest oil is important, but complete we secondary to the implosion that we saw yesterday and american jobs data. And the french data not much better. Right now, for global wall street, it is about calibrating the slow down and the nonrecovery out in the third quarter. And also, its the follow on from the rents that werent paid. There were massive upsets this morning. Francine i dont disagree. But oil can make things worse. Lets get straight to uber first word news in new york city with viviana hurtado. Viviana we do begin with oil. Opec putting together a Virtual Meeting of its members as President Donald Trump calls for a court need cut to end the historic crash in crude prices. Two delegates telling bloomberg the meeting will be held on monday. Saudi arabia insists it will only cut if others do. This includes the u. S. Of thetoric streak economy adding jobs for one under 13 months is probably ending as tom was mentioning. The march jobs report coming out at 8 30
Look at how we are doing on the sector picture. It looks fairly split. To theng of a bias downside. Materials and the Energy Business look in the red. We will look at the bp share price in a moment. Financials, industrials and health care mixed. No clear picture coming through. Many of these sectors look fairly mixed. Matt we see more stocks losing than winning. Down, 250 gaining right now. If you look at the moves to the upside, you see Louis Vuitton rising, only 0. 5 . Bp up 0. 4 after putting out earnings. You see a lot of metals and minors stocks to the upside. Hsbc down 0. 75 . , a lot ofvartis drugmakers and consumer staples, Household Goods coming down. Diageo also declining. Down about 0. 4 . Lets focus on the fed ahead of tomorrows fmoc meeting. A Third Straight rate cut is expected, but the focus will be guidance aspowells far as policy to come. Powell has said the economy is in good shape, but gdp growth is expected to slow further in the Third Quarter. Peterg us now is, Pet
Opposition to the plan. And oil falls as opec calls on producers to abide by output shery shery . Lets start with a check of how markets closed in the u. S. The s p 500 closing above 3000 again, just one 5 short of its alltime high. It was boosted not only by fresh stimulus coming out of the European Central bank but also a bloomberg report that the Trump Administration is now considering offering a limited trade deal to china. We saw the dow gaining 45 points on the nasdaq closing at a july high, gaining for a second consecutive session. Almost every sector on the s p 500 was on the green except for energy. As paul mentioned earlier, oil fell today. We had the International Energy agency warning opec of a daunting surplus of crude. That really not helping the oil market. U. S. Futures at the moment unchanged. Lets see how we are setting up for asia. Sophie this friday, asian futures are hinting at gains. Central Bank Developments very much top of mind. Overnightust holding after a vol
Gander she become an International Public health emergency. Algis or. The man accused of 2 mosque attacks in new zealand has appeared in court 5 video link brandon turned has pleaded not guilty to all charges he faces 51 counts of murder and 40 counts of attempted murder and watch of 15 back to back shootings took place at 2 mosques in christ church. Under thomas whos been inside the court to tell us how this all played out in court. Was about a kilometer from hare that the man accused of these horrific killings on the 15th of march said carried them out at one mosque just over the side of a City Center Part from here in another mosque a couple of kilometers away hes not here now hes being held in a prison in all clear the main city in these events and he appeared in court via video link now he could see the lawyers his own lawyer and the crown lawyer making the accusations against him you can see the judge where he couldnt see where the 100 or so family members of victims sitting in t