In terms of the euro, that is firmly in focus. European leaders meeting in brussels at loggerheads over how to rollout the plan. The offshore currency is essentially flat. The fix is essentially 6. 99. That is what the aussie yen is doing. The u. S. Dollar has ticked up 2 10 of 1 after a number of weeks of weakness. We can move it onto look at some of the commodities in the 10 year. A bit of concern about demand destruction for crude given the infection rate in the u. S. Florida, some policymakers saying the virus is out of control in that state. That will be a concern. 40 for wti. You still have this significant divergence between the 10 year, u. S. And china. Rishaad just getting some news from a motor company. It is secured funding from a variety of private equity companies. What it does show is chinese startups promising vehicles. Attracting funding even as we are seeing the industry having a rough time of it. This is leading to x peng saying the Company Managed to achieve the 400
Infections heading towards 16 million. Hong kong says the situation is increasingly severe. Has extended the Wage Subsidy Program beyond september to protect the economy from fallout from coronavirus. Shery a quick check of how the markets are trading. We are seeing u. S. Futures kicking off unchanged. This after we saw u. S. Stocks rally amid encouraging vaccine news, this time from the university of oxford and astrazeneca. The s p 500 finished at the highest since february, turning positive for the year. Tech and discretionary stocks outperforming. The vaccine optimism sort of faded. We have a very Competitive Landscape that failed to impress. Risk was revived in the afternoon session following improved u. S. Infection numbers. California and arizona reporting a slow down infections. We still have that stayathome defense rate being back with strength. The underperformance from the russell 2000 very pronounced, while the nasdaq also finished at another record high. Take a look at what
Home, stillg at sequestered within this pandemic. The new slow extraordinary. As you just heard from the president and from Vice President biden, clearly political. We will touch on that in a moment. Will joins levkovich us of citigroup on these extraordinary markets. We can talk about the politics of the moment, the relative calm of last night, but i think ive got to go to the clarion call in 15 minutes of the first of the may labor reports, the adp report. How do you link this wednesday report into what we are going to observe friday of an american jobs depression . Jonathan to keep it simple, the numbers will be ugly. They will be ugly this morning, ugly again friday morning. Quite clearly, this market is focusing on the aggregate numbers in the future, and hoping that the outlook its better as the year grows older. On the degree to which things improve, that is where i think we should have real debate. It is the social unrest that speaks to the disparity on a range of issues, not j
Work on an app to improve Contact Tracing as the country faces to contain the virus. Im still going to welcome to the program u. S. President donald trump has threatened to withdraw the United States from the World Health Organization and permanently and u. S. Funding in a letter to the u. N. Bodies director general mr trump demands changes based on his criticisms within 30 days he accuses the organization of mishandling the global Coronavirus Response and being a puppet of china and china describes his comments as a Smear Campaign that accuses him of shirking americas responsibilities to the w. H. O. Final decision to fund the w even before trump had issued his incendiary letted to the World Health Organization it was clear. He was about to attack. But i think theyve done a. Very sad job in the last period of time. And again the United States pays them 450000000. 00 a year china pays them 38000000000. 00 a year and theyre a puppet of china. China centric to put it nicer but theyre a p
Im not thinking out of the gym well i guess sometimes i am but i found nothing which prevent me to germany thinks deep into the general culture of looking at stereotypes a question that in years think is an essential country that i dont. Need to be taken as grandma down to you its all about. Im rachel join me from the gentleman from d. W. Post. Countries are spending big to keep their economies alive right now but many nations simply cant raise the cash well talk to the president of the world bank about freeing up money for poor countries and maybe even canceling old debt. Also on the show whats a hotel to do when there are no guests to book about renting out. Rooms as home offices. This is a Business Report im stephen theres in berlin its good to have you with us the world bank is urging rich nations to support developing countries in the fight against the krona virus pandemic repeating its warning that 60000000 people could be thrust into extreme poverty by the pandemic and an interv