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Twoyear is now trading, but that doesnt seem to matter. The majority of debt in europe all undergoing this powerful rally, despite the fact that we are going to see horrific unemployment number in about an hour and a half. Lets get you out of the market moving news from our new york team. We want to start with the much awaited u. S. Jobs data out of april for the next hour. Economists now estimating 22 million jobs wiped out in the past month. Joining me now is carl riccadonna, bloomberg chief economist. It is hard to put these into perspective. Help me out. Morning. D these numbers point to immense disruption in the u. S. Economy, on a scale we really have not whichn recorded history, goes back to either world war ii or the great depression. ,o put some context around this this is far more than all of the job losses we saw during the Great Recession concentrated into a single month. If we take the job losses of the last nine rec ....
About seven basis points. Still an awful long way to go on that story. Vonnie in the u. S. , it is a positive session, slightly risk on. We have some guidelines for when the economy might start to reopen in new york city and in various economies around the country. Markets hanging onto that. Banks are the best performers in the s p 500, which is up 0. 9 right now. They are followed by Consumer Services and real estate. The yen is stronger today as well, off its highs now. 107. 20. T crude down at 12. 40. That continues to darken. The 10 year yield is now up to 65 basis points. Slightly risk on tone today. Talk a bit about what is happening in a little more detail. Italy, france, spain announcing plans to ease lockdown restrictions as the british Prime Minister pours a little cold water on the idea. Giuseppe conte in italy raising concerns about a possible second wave of in ....
Over two days, as the biggest oil etf dumps short dated contracts once again. We will speak about this and earnings with the bpce l, Bernard Looney, coming up shortly bp ceo, Bernard Looney, coming up shortly. Aboutl speak to the ceo the impact of coronavirus and the business shortly. Get to some numbers coming through this morning. We have got numbers coming through from bp this morning. They are talking about how the industry has been hit by supply and demand shock. They remain committed to delivering their net zero ambition. We heard about that back in february or so from the company, from Bernard Looney, the relatively new ceo at the helm of dp. First quarter dividends bp. Dividends, so maintenance of that dividend at least at the same number. Bp saying it had around 32 billion of liquidity available at the end of th ....