Markets
Trump says new guidelines aim to lift some lockdown restrictions
During a Fox News interview ahead of the calls, he credited the president with gathering some of the "best of the best" to help shape his approach on reopening the economy. "It's not the law". We don't have a king. Arkansas Gov. Asa Hutchinson, also a Republican, said he, too, expected the call to remain with the states. [Full Article...]
OIL WATCH: Oil price drops below $20 per barrel
The Energy Information Administration reported a rise of 19.2 million barrels in domestic crude supplies for the week ended April 10. In March, Saudi Arabia triggered an oil price war flooding the market with cheap oil after OPEC + had failed to reach an agreement on additional cuts. [Full Article...]
US retail sales plunge by record 8.7% in March amid shutdown
That combination led to the steep drop in retail sales. The 8.7% drop in retail sales from February to March was weighed down heavily by declines in clothing and apparel, autos, furniture and home goods, and restaurants, according to the Wednesday report from the Commerce Department. [Full Article...]
Most small UK companies have no pandemic insurance - watchdog
THE interim chief executive of the Financial Conduct Authority (FCA) - the UK's financial services regulator - has written to the country's insurance companies to demand that claims related to the coronavirus pandemic "are assessed and settled quickly". [Full Article...]
Government will not sit back and let economy falter — Sunak
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The absolute priority must be to focus all of our resources not just of the state but of businesses and all of you at home as well, in a collective national effort to beat this virus. Mr Sunak said: 'Our public services and its incredible workers are working with enormous resolve and skill to keep us safe. "This is going to be hard". [Full Article...]
Google orders staff to work at home due to Coronavirus
Elsewhere, Apple Chief Executive Officer Tim Cook also proposed the concept of working from home to several employees at its global offices from March 9 to March 13. It has also organised awareness sessions across all its facilities on how our employees and partners can minimise their exposure by following simple precautionary measures and good hygiene practices in line with the guidelines issued ... [Full Article...]
$1.5 Trillion Fed Intervention Fails To Halt Market Meltdown
Investors further lost confidence Wednesday in the U.S. government's ability to quickly produce a coherent policy plan after President Donald Trump addressed the nation with few details on fiscal stimulus measures, instead touting restrictions on travel from Europe to the United States that deepened the sense of alarm. [Full Article...]
Head to Amazon for a day rich for six billion dollars
Bezos, 56 - who founded the e-commerce company out of his basement in Seattle , Washington, in 1994 - gave $36bn worth of stocks to ex, Mackenzie. To help its employees during the crisis, Amazon also increased pay for hourly employees by $2 per hour in the U.S., Canadian dollar 2 per hour in Canada, and 2 euros per hour in many European Union countries. [Full Article...]