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Reappearing here. I am a new new jersey girl. There has been a new executive order signed by Governor Phil Murphy about wearing masks. At us check on the markets. On the back of some of those concerning headlines regarding deaths in florida and texas because of the covid crisis. The Dow Jones Industrial coming off by one playboy percent. And some risk aversion in europe. Tensions between the u. S. And china. The u. S. Dollar continues to show some strength. Keep an eye on that market and Pay Attention to the dollar and what happens with the hong kong dollar and the chinese yuan. A lot of risk sentiment is being reflected in those assets and it could be a key on how u. S. Markets trade on friday. Concerns about the supply side. Field in libyan production. Sinking below 40 a barrel. Let us get to that exclusive ....
Hotel giants see room revenue plunge 80 the central bank said they only answer to the court not the government the call to justify its Bond Purchase Program significant loss of output has become inevitable. That is the message from the governor andrew bailee forecasting a 14 drop in gdp. Sterling rising as the bank of england predicts a sharp recovery in 2021 caller expect a recovery much more than the pull back from the financial crisis. After the british telco cut its dividend looking to shake up its sector a warm welcome to street signs. Lets get to our top data point, chinese exports jumped by 3. 5 in april as reopened factories in the country moved to fulfill back log of orders. With a 2 fall in the month. The biggest decline since 2016 the trade surplus grew to 45. 3 billion. Far above expectations how meaningful is this jump in exports . Is it reflective of rebust gains or concentrated in particular sectors . Even af ....
Misses forecast. The depressing demand for smartphones. Later, we will have more on the earnings but first lets get you started with how markets closed in the u. S. On this tuesday session. Later, we will have more it was stocks down, yields down, risk obsession for the markets in the u. S. This of course as we have seen investors cautious of the gathering on thursday, Getting Started and gearing up for what could come out on Monetary Policy changes. That led to more concerns on trade tensions as well. The s p 500, we saw every sector in the red. We have materials and financials leading the decline. That halted the threeday rally. We also had a pretty mixed picture for u. S. Retail earnings. A big week of earnings for u. S. Retailers. 4 e depot surged more than on signals that we could see a stronger second half. In the meantime, the nasdaq fell 7 10 of 1 while the dow fell ....
Me. 13 for the s p. 38 for the nasdaq. Thats. 66 . Russell 2000 down more than 1 . Lets check in with simon at the big board. I mean it is the Energy Stocks that are taking it on the chin here at the moment. That sector down almost 2 trading just above 45 a barrel on crude under a huge amount of pressure. Transocean, southwestern, chesapeake, chevron, many of those are not adjusting correction but arguably in a bear market. Bob pisani is here to talk us through the action. Slower Global Growth in china, slower Global Growth in latin america, particularly brazil. The commodities complex, new lows in exxon, new lows in chevron. Thats why the dow is underperforming the rest of the market. Conocophillips, devon energy, a halfadozen big energy names again at 52week lows. Were seeing some new lows in other commodity stocks. Group ....
Journal there close to raising rates next month. Chinas push to join the elite as a currency takes a hit. More work is needed on the yuan. Welcome to countdown. This is Bloomberg Live from london. 6 00 a. M. Numbers are coming through from moments ago. Lets get to carolyn conan. She is in paris. Yes. It is the highest quarterly earning in eight years since the financial crisis. Societe generale benefited from three things. They had a good performance and equity ending. It jumped 61 . They also had a gain of 312 Million Euros. Recovery of the economy in europe, especially in france. They had 45 Million Euros in russia. This is smaller than it was in the First Quarter you also told me in the Second Quarter. We spoke ....