good morning and welcome to "street signs. i'm julianna tatelbaum and these are your headlines deutsche bank leads the stoxx 600 sharply higher after the lender posts a surprise profit for the first quarter and unvesters shrug off a capital shortage warning. state aid sends shares higher as the german governor says the carrier will remain

competitive after the crisis. adidas at a standstill saying refuse news are severely impacted by the closing. >> we'll have a better view after may when we see the progress in germany. boj launches an unprecedented expansion of the boq in a move that sends asian equities higher and sets the stage for the fed and ecb meetings later this week uk prime minister boris johnson returns to work to lay out a plan to lift the lockdown.

spain lets children outside and france looks to approve its exit plan in parliament. very warm welcome to "street signs. you can see we're outside downing street awaiting boris johnson, who's returning to work after recovering from the coronavirus. we'll bring you the prime minister's comments as soon as they come in. meanwhile, let's get a check of european markets. we're off to a roaring start the stoxx 600 rallying in the first hour of the session. last week we saw a modest

retreat and just about 1% lower. this week focus firmly turning towards the reopening of the european economy with several countries over the weekend announcing their plans to ease the lockdown measures. the united kingdom is the outlier in that respect. we're awaiting clarification to the uk's strategy for real opening the economy. it's q1 peak season earnings we've heard from a number of different companies across the spectre. the bank of japan pledging more support, unprecedented commitment to buying bonds and the ecb and federal reserve coming up later this week. let's dive into the individual markets. here's a look at sectors we'll hopefully have regions in just a moment. here's a look at the sectors

banks strongly outperforming this morning, up about 3.3%. autos, travel and leisure, insurance and basic resources round out the top of the stoxx 600. important to recognize here the extent of the gains we're seeing this morning banks, obviously, are rallying in part on the bank of japan news and surprising deutsche bank, let's detail in terms of what we heard from deutsche bank this morning, if we could highlight that story for you and perhaps take a look at deutsche stock. up more than 11.5% this morning after they prerelease some strong q1 numbers. they have surprise on the revenue front and scrapped their target when it comes to capital. they had 12.5% 2020 capital

target they said they may temporarily come up short when it comes to hitting this target, but the reason is they want to support more lending to the economy and support their clients. investors seem very surprised and positively reacting this morning to that news let's get out to annette on this story. does this change the trajectory for deutsche bank as an equity story? >> i wouldn't go as far as saying that. remember, deutsche bank was trading at roughly tenure row before the coronavirus outbreak, so i think the equity story -- it's not the greatest but obviously it's about the outlook and also about that -- they show us now they can actually generate higher revenues that was one of the main sort of concerns from investors when it comes to their restructuring

plan, that deutsche bank is cutting assets aggressively, selling business but at the same time, they were saying in their targets they want to increase revenue. this didn't happen during the last quarter this quarter is surprise you're seeing revenues sitting confidently above 6.4 billion euro it will be interesting to see on wednesday when they publish where that revenue came from the most realistic is it came from investment banking because wall street also benefitted from the volatile market environment. of course, deutsche bank shirted its equity bank business but very big in fixed income trading. they should have benefitted quite a lot from the market turmoil in the first quarter

what they're saying as well, obviously, is that they expect loan losses to go up and we're seeing also their -- to 500 million euro it's quite clear this crisis, we were discussing that concerning various banks, in this crisis the banks are part of the solution and the governments need them in order to channel the money to the real economy. we see that here in germany quite impressively, that banks like deutsche bank have set up specified teams in order to actually work the demand loans and that's what they've been saying as well, their clients need them quite a bit and that's why the capital ratio is going down i think regulators in that current market are quite humble

when it comes to treating banks and their capital position we've seen a lot of relief coming from the regulator in that respect bottom line, positive numbers. shares are up by more than 10% we have -- i don't remember when sieve seen that last when it comes to deutsche bank shares. >> thank you very much for that update on deutsche bank. remarkable share price reaction we're seeing this morning. as i mentioned, we are expecting to hear from prime minister boris johnson. you have a shot of downing street that's a live shot we've seen the lectern put out and set up this is the first day he's come back to work in over a month a lot of burning questions from the british public on the uk strategy in terms of coming out of this lockdown let's get out to steve who joins us now with more steve, what is going to be the first priority for boris johnson as he gets back to work today.

>> no doubt about it the nhs has to sort out expou expounding issues set out by dominic raab unless you can deal with a second wave and more infections and more mortalities and more hospital admissions, you cannot get the country back to work we went into lockdown on march 23rd boris johnson went into hospital on april 5th on april 12th boris johnson came out of hospital and now we're not due to have the second review -- or the second lockdown period reviewed until later next week, may 7th. so, there's a lot of things that need to sort out before the country can get back to work that's not to say that areas of the country haven't been getting back we've seen land rover, and some retailers and we've seen it in the construction sector, plenty

companies coming up yet again. there's a whole host of issues that need to be sorted out the backers of the prime minister are looking for a clear strategy rather than the government knowing themselves, they want the skulz to know what it is, the institutions, the national health service and industries at a time businesses, big and small, are suffering cash flow and facing imminent existential problems as well as the death toll in the united kingdom reached a grim milestone over the last few days, 20,000 mortalities in the uk and that's just in hospitals alone. some estimates say it could be twice as many, as many as 41,000 deaths in the uk one, the death toll was 24 higher and in hospitals, i hasten to add, that's one of the lowest figures we've seen on a daily basis, and many estimates

from nhs england, from ons and scientific community who believe we hit the peak infection rate in the first wave, and they believe we hit peak infection and more tal tis around the 8th of april there are higher hopes we're on the mend i'm told boris johnson is going to the lectern now. >> i'm sorry i was away from my desk longer than i would have liked. and i want to thank everyone who stepped up, including first secretary dominic raab, who's done a terrific job. once again, i want to thank you, the people of this country, for the sheer grit and guts you've shown and are continuing to show every day i know that this virus brings new sadness and mourning

to households across the land. and it is still true this is the single biggest challenge this country has faced since the war. and i no way minimize the continuing problems we face. and yet it is also true we are making progress with fewer hospital admissions, fewer covid patients in icu and real signs now we are passing through the peak thanks to your forebeerance, we are on the brink of achieving that first clear mission, to prevent our national health service from being overwhelmed in a way, tragically, we have

seen elsewhere that is how and why we are beginning to turn the tide if this virus were an invisible mugger, which i can tell you from personal experience, it is, then this is the moment when we have begun together to wrestle it to the floor. so it follows this is the moment of opportunity, this is the moment when we can press home our advantage, it is also the moment of maximum risk, because i know there will be many people looking now at our parents' success and beginning to wonder whether now is the time to go easy on those social distancing measures and i know how hard and how stressful it has been to give up

even temporarily those ancient and basic freedoms not seeing friends, not seeing loved ones, working from home, managing the kids, worrying about your job and your firm let me say directly also to british business, to the shopkeepe shopkeepers, entrepreneurs, on everyone on whom our economy depends. i understand your impatience i share your anxiety and i know without our private sector, without the drive and commitment of the wealth creators of this country, there will be no economy, there will be no cash to pay for our public services no way of funding our nhs. yes, i can see the long-term consequences of lockdown as

clearly as anyone. yes, i entirely share your urgency. it's the goth's urgency. and yet we must also recognize the risk of a second spike the risk of losing control of that virus and letting the reproduction rate go back over one. that would mean not only a new wave of death and disease, but also an economic disaster. and we would be forced once again to slam on the brakes across the whole country and the whole economy, and reimpose restrictions in such a way to do sxhor lasting dang i know it is tough and i want to get this economy moving as fast as i can, but i refuse to throw away all the efforts and sacrifice of the british people

and to risk a second major outbreak and huge loss of life and the overwhelming of the nhs. i ask you to contain your impatience because i believe we are coming now to the end of the first phase of this conflict in spite of all the suffering, we have nearly succeeded we defied so many predictions. we did not run out of ventilators or icu beds. we did not allow our nhs to collapse on the country we have so far collectively shielded our nhs so that our incredible doctors and nurses and health care staff have been able to shield all of us from an outbreak that would have been far worse. and we collectively flattened the peak so, when we're sure that this

first phase is over and we're meeting our five tests, deaths, falling, rate of infections falling, avoiding a second peak, then that will be the time to move onto the second phase in which we continue to suppress the disease and keep the reproduction rate, the "r" rate down, but begin to refine the economic and social restrictions and one by one to fire up the engines of this vast uk economy. in that process difficult judgments will be made and we simply cannot spell out now how fast or slow or even when those changes will be made, clearly, though, the government will be saying much more about

this in the coming days. i want to serve notice these decisions will be taken with the maximum possible transparency. and i want to share all our working and our thinking, my thinking, where you, the british people of course, we will be relying, as ever, on the science to inform us, as we have from the beginning, but we would also be reaching out to build the biggest possible consensus across business, across industry, across all parts of our united kingdom, across party lines, bricking in opposition as far as we possibly can because i believe that's no less than what the british people would expect. i can tell you now, preparations are under way and have been for weeks to allow us to win phase two of this fight as i believe

we are now on track to prevail in phase one i say to you finally, if you can keep going in the way you have kept going so far, if you can help protect our nhs to save lives and if we as a country can share the same amount of optimism and spirit shown by captain tom moore, who turns 100 this week, if we can show the same spirit of unity and determination as we've all shown in the past six weeks, then i have absolutely no doubt we will beat it. we will come through it all the faster and the united kingdom will emerge stronger than ever before

>> prime minister boris johnson back boris johnson having covid-19, but did his words chime with british residents and businesses, which is champing at the bit to get back to some form of normality let's go through what the prime minister said. he starts off crediting the nhs, calling it invisible mugger, maximum risk is what the prime minister is saying this is that moment and social distancing, easing up now would risk everything that has gone on to business britain, he understands the anxiety but he says the country must not risk a second spike you notice the prime minister talking about the r-rate,

meaning it's reproducing faster thandie minimumishing but below one is where it currently is and he's very concerned about it starting again but he was clear we're coming to the end of phase one and refuses to throw away the work of the british people saying the country has shielded the nhs so the nhs can help the country again. having enough incubators and enough ppe as well he says, i cannot spell out now what the measures will be, but we will fire up this vast uk economy, is what the prime minister said there, but there would be more from the government in the coming days with reliance on science and more transparency. the government is accused of -- the prime minister promising not

only more transparency but to bring opposition parties on board. there will be a degree of skepticism about the last comment because it was the last prime minister as well talking about potentially bringing the opposition parties on board to bring some form of coalition of interests so we can walk forward together as well i wonder how -- perhaps a trap for labor opposition but he wants to get the rest of the society on board and preparations are under way for phase two. perhaps shamelessly the prime minister mentioning the national hero of the day, captain tom moore who has raised tens of millions for the nhs, turning 100 saying we should channel the spirit of captain tom moore. back to you. >> i can't help think of the comment you raised earlier this morning about boris johnson being a master communicator. it was really a reminder watching him speak there, listening to him, what a

difference it can potentially make to have someone leading at the helm and communicating the government message strongly. let's leave the uk for a moment and push on and talk broader europe factory and building sites from italy will open may 4th as the country plans to end its strict lockdown wholesalers and retailers will be able to restart over the following weeks while public places and parks will also have restrictions lifted. however, schools will remain closed until at least september. the announcement comes as the country recorded its lowest single day death toll since mid-march. prime minister conte has warned people will need to wear face masks and social distancing otherwise the country could face a second wave of the disease. >> translator: if we don't respect the distance and the precautions, the epidemic curve can rise again and spin out of control. we'll have more of our people dying and at that stage the

damage to our economy will be irreversible if you love italy, you keep the distance. >> meanwhile, france's prime minister will lay out a plan to ease coronavirus restrictions to parliament this week lawmakers will then debate and vote on the proposal lockdown measures in the country have been in place since march and set to be lifted on may 11th in spain, children were able to go outside for the first time in six weeks as the government looks to gradually relaxing nationwide lockdown. spain reported 288 fatalities from the virus, its lowest daily death toll in more than a month. prime minister sanchez added adults will be able to exercise outdoors from may 2nd but only if the country's coronavirus figures continue to improve. >> translator: it has cost us too much sacrifice to get here it has cost us too much to bend the contagion curve to risk it

through an excess of anticipation if the current evolution is maintained and we meet the conditions set by the world health organization we may look at the start of the second transition stage. in switzerland they will begin to ease some coronavirus restrictions today the first of three steps aimed at gradually reopening the country, hospitals will be able to start surgeries, as well as hair salons, spas, sxo compulsory skulz on may 11th let's bring in charlotte, economist from ing we appreciate you being with us, coming to us from brussels we were just hearing from boris johnson. he's re-emerged back to work, the first time in almost a month. here in the uk, this stands

around exiting a lockdown has been a lot more resistant or reticent than we've seen in countries like switzerland why has switzerland been able to get so far ahead of the curve that they're able to open today when a country like uk is still reluctant to talk about reopening. >> the lockdown started very early in uk and the economic situation is quite severe in switzerland so they see to reopen the country we know 1.5 million people are temporarily unemployed in switzerland, which is the equivalent to 30% of the workforce. that's the reason, i guess why they are higher on the curve. >> in terms of the policy

response, switzerland has done an excellent job their small business funding scheme has been branded a success, i think, by most economists what was so efficient about the way this scheme was structured we're really waiting to see whether these other schemes around the world will have the intended effect of helping small businesses. >> first of all, its program was quite large the reason it's so large is because switzerland is at significant advantage compared to other countries. it was really quick to implement. also they are really efficient in structure because they have all means necessary. that's really the reason they

have been more successful. we know the program is the largest ever in switzerland. that's allowed small companies to receive support quite fast because this is a large program and can be even larger it means the means are there and they want to make it as successful as possible and they manage to do it. >> what does this all mean for the swiss franc? you mentioned one of the key pillars as to why it was so successful, the small business scheme, because they threw more money at it, in a stronger debt position going into it than many european countries we're awaiting real agreement from european leaders when it comes to a coordinated fiscal response all of this suggests there will

be more upward pressure on the swiss franc. what's your take >> the swiss/pond and the currency increases sharply in times of crisis like the current one. there's not so much terrific appreciation the risk is quite the opposite, the swiss franc appreciates a lot when we have a crisis like that it the swiss economy is quite open and exports a lot 66% of gdp is export to other countries such as the u.s. and germany and other countries in the eurozone which means the -- it's not good for the economy and that's why it's -- to appreciate too much.

try to appreciate the swiss franc to go below 0.015. the problem is we're not sure the swiss franc can continue that much on the foreign exchange market. we know switzerland is on the u.s. list which means switzerland could receive something by the u.s. if it depends too much on the market they may not be able to continue that program we know if the swiss franc appreciates too much, it will be really bad for the swiss economy and could lead the swiss economy to a worse year than we can think of it's a major risk for the economy because the swiss national bank rely on the

foreign market. >> appreciate you being with us this morning we're going to squeeze in a quick break. coming up on "street signs," survival at stake. find out why the ceo of airbus is issuing a harsh warning to staff after the break.

welcome back to "street signs. i'm julianna tatelbaum with steve sedgwick these are your head headlines. >> reporter: the moment of maximum risk perform boris johnson returns to work telling the british public that any lifting of lockdown measures risks a second wave of infections. >> i can see the long-term consequences of lockdown as clearly as anyone. so, yes, i entirely share your urgency, it's the government's urgency, and yet we must not risk a second spike. the bank of japan pledges unlimited bond buying which

cents asian stocks higher and sets the stage for the ecb meeting later this week. the deutsche bank leads the stoxx 600 higher as they post a surprise profit for the first quarter and investors shrug off a capital target warning state aid hopes to send lufthansa shares higher as the government says the carrier will remain competitive after the crisis let's get you a little more detail on the bank of japan move the boj plans to boost its bond-buying programs to unprecedented levels to help the japanese government combat the coronavirus crisis the central bank has planned to buy up to 20 trillion yen, almost tripling the previous cap of seven and scrapped the plan,

saying it will buy as much needed to keep the yield of the ten-year bond at zero. meanwhile, profits at chinese industrial firms fell nearly 35% year-on-year in march, marking a slight decline from member, the largest fall since 2010 only 8 of 41 sectors recorded profits in the month, a sign of the world's second largest economy is struggling to recover from the outbreak amid lagging domestic and international demand let's take a look at asian markets in the overnight session. the japan news providing a boost to sentiment the nikkei 225 up 2.7% in hong kong, the hang seng trading up, and chinese markets lagging. shanghai composite up quarter of a percent and shenzhen behind it taking a look at u.s. futures. last week we saw markets end the

week lower, breaking a two-week win streak oil price volatility, one of the key themes of the week now we are looking forward to central banks this week. we, of course, are digesting bank of japan news which set the stage for federal reserve meeting taking place this week as well as the ecb meeting also the earnings front, we are seeing peak week for q1 earnings in the united states the highlight -- one of the key highlights will be big tech reporting five of the major technology companies, giving us some insight into what they've seen over the quarter and what they expect in the months ahead. looking at u.s. futures, dow jones set to open 200 points higher the nasdaq and s&p 500 also poised for a strong start. european markets, as you can see here, strong gains across the board this morning led higher by the german index as well the ftse, trading more than 2% higher the cac 40 holding up.

tension in the market seems to be focused on the reopening several european economies over the weekend. we heard from spain, italy, france, all announcing what they plan to do to reduce the confinement measures currently in place boris johnson, as we were watching said the uk not quite ready to think about reopening just yet he did not give any time frame we'll see how the uk public reacts to that in the coming hours. several corporates in focus, in addition to the macro level, bayer adding the coronavirus pandemic has caused an uptick in demand, although they say they're unclear if they can maintain that bounce the group, which also manufacturers pesticide, has

forced it to take a tougher stance on lawsuits in the united states speaking to cnbc earlier this morning, the ceo saying they worked hard for first quarter but challenges remain ahead. >> we have a resilient supply chain. we worked very hard to keep production and supply chain and entire value chain up and running throughout the first quarter. some of it pays big dividends because we are able to respond to a fairly volatile demand and we expect to do so while going forward. depending on how the infection moves, we'll see further volatility we're prepared to dealing with it and let's see what the remainder of the year brings there will be positives and negatives. >> another german stock, shares in adidas are positive despite

first quarter fall in sales. adidas says around 70% of shops remain shut and it's unclear when they will reopen. shares now trading 1.9% higher speaking to cnbc earlier, adidas ceo said the company was looking at financial vehicles to raise money in the short term but its goal ultimately is to regain organic growth. >> at this stage we're about 5 billion of liquidity part on the balance sheet and we had a state bank loan that was spearheaded by uni credit. right now we are looking upon other financial vehicles but the most important part is to bring down the loans and the debt position we have, is really getting into grow organically again. that's going to take a while you saw guidance for the second quarter. right now that's not our primary concern. our primary concern was having a strong balance sheet that can take us through a crisis for a longer period of time. >> shifting gears to the airline

space, german economist has said the government wants to ensure, quote, large and important companies such as lufthansa, remain competitive after the crisis the government has not made a decision on the struggling airline aid package but enough to get it going. it's up about 7% this morning. elsewhere, airline klm is set to receive 7 billion euros from french government, saying the package was needed to save the airline. but warned the money would come with strings attached. and shares in air france klm up 3.5% in the airline supply chain, airbus has seen harsh commentary through the weekend. the ceo of airbus warns the group's survival is at stake in an employee memo seen by reuters, the ceo saying the company was, quote, bleeding cash at an unprecedented speed

and airbus shares are coming under pressure trading down about 3.3% pretty significant commentary coming through on both the airline side of things and also in the aerospace side of things with a crucial supply part when it comes to airlines let's get out to charlotte on this story for more. what does the path look like for airbus, in particular we're seeing governments step up and support the airlines, which are crucial for airbus. >> the package would be good for airbus because they have some outstanding others with airbus that's why airbus has said in the past few weeks they say at the moment they don't need the aid but they are calling for state aid for airlines airlines, their customers, the ones buying their planes airbus is trying to respond to

this new environment where planes are virtually grounded and airlines are trying to hold onto cash to survive this acute phase of the crisis. so, they have already slashed production by about a third. they have suspended their 2020 outlook and dividend they say they're trying to adapt. we've heard from the company say they're bleeding cash at an unprecedented speed. you could argue airbus is in a slightly better position, its competitor boeing coming out of its own max crisis of course, a decade of growth for the plane manufacturing in this new environment when it adapts and how and when the demand will come back for airlines air france klm ceo warning he doesn't see business going back to normal within two years if not a bit longer

trying to decipher how and -- how it will look like and seeing when demand will come back it will be interesting to see whether airbus is taking state aid or whether job cuts, but we see warnings are sending airbus decline on the market. >> thank you. let's talk tech. tech's big five will dominate earnings season this week with investors keen to see how coronavirus has impacted their business the company offering cloud-based services, enabling work from home like amazon and microsoft have performed well so far this year companies relying on advertising, like apple and alphabet, have suffered.

karen, they're so dominant from a market cap perspective i'm curious, what's your take on this earnings season whether that will reinforce the view they should be dominant or cause investors to rethink >> five major companies that represent 20% of the s&p 500 market cap, microsoft, amazon, apple, facebook and google, you see how the markets have swung on the back of the individual names. when it comes to the winners, gene monday center is calling apple and tesla winners this time around. apple, we'll be looking at the demand side around iphones amazon and microsoft are winners because of remote working that has pushed many towards those trends with cloud service and amazon being out front with delivery you may see long-term investors try to step in by the long-term

trend and pick up the stocks we might be in for a volatile week first out is alphabet, expect a big hit to advertising for google very much geared towards the travel industry. you've seen that industry effectively cancel $3 billion worth of ads in the second quarter. there will be a hit there. expect maybe a pick up in google cloud. also youtube with so many people under lockdown facebo facebook, revenue was slow coming into this crisis so it needed to pivot towards e-commerce fintech needs to stop fears after the privacy concerns you will expect to see the company see a massive hit from the advertising part of the business they did ink a deal with

whatsapp microsoft, many of us have been using teams, you'll see pick up. the daily record 2.7 billion meeting minutes up 200% from what you had in mid-march as lockdowns were beginning that's a strong jump apple, who wants to buy $1,000 plus iphone when their job is in doubt. also the iphone 12 cycle, how it will be rolled back, whether pushed back to the holiday season to ensure smooth rollout across the board that's what we're looking at and amazon clearly the winner. as you've seen a real pick up in deliveries don't forget amazon web services used to support the rollout of the marketplace, but the marketplace might look a little healthier. a lot for investors to rake over

on the growth side. >> looking forward to your analysis as the results come through. we'll squeeze in a break when we come back, president trump pulls out of his daily coronavirus press conferences hitting at the media's approach to the briefings there are times when our need to connect really matters. to keep customers and employees in the know. to keep business moving. comcast business is prepared for times like these. powered by the nation's largest gig-speed network. to help give you the speed, reliability, and security you need. tools to manage your business from any device, anywhere. and a team of experts - here for you 24/7. we've always believed in the power of working together. that's why, when every connection counts... you can count on us. sleep this amazing? that's a zzzquil pure zzzs sleep. our gummies contain a unique botanical blend,

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welcome back to "street signs. president trump canceled both of his coronavirus daily briefings over the weekend saying they were, quote, not worth the time and effort the president blamed the media for asking hostile questions and reporting fake news after his comment that disinfectant could be ingested as a coronavirus treatment. tracie potts joins live from washington, d.c. we've been talking about the different measures european governments are taking to begin reopening their economies. what's the latest from the united states? le. >> reporter: well, in the united

states the federal government has issued guidelines but left it up to each of the 50 states' governors to determine when and how to reopen. now there's a concern that some are jumping the gun, that they're doing it too soon. four states that are reopening this week, the federal government says they're doing so against guidelines the guideline was to wait until coronavirus cases were dropping for 14 days before even considering reopening. some of these states are doing it before that others are partially reopening, restaurants or other particular businesses others being much more cautious. new york, where that area has really been the hot spot for the united states, saying they won't even consider anything until mid-month. then they'll take a look at their numbers and then they'll start very slowly with low-risk professions like construction, mostly outside, and essential businesses 14 days after that if things seem to be going well they'll take it community by

community instead of looking at the numbers statewide. the federal government will be looking at this. president trump has a video teleconference with all those state governors today and he'll likely face questions about what he said before the weekend, this suggestion of ingesting disinfectants to kill the virus. the president saying he was being sarcastic but other states saying they've been flooded with phone calls whether this is safe. >> thank you for the latest. tracie potts, nbc news. back here in the uk, prime minister boris johnson says the government will outline lockdown exit strategy in the coming days as he made his first public appearance since recovering from covid-19 but warns they risk maximum risk of a second wave. steve, interesting to hearing

boris johnson after a month away from the spotlight, do you think the pressure will remain on the uk government to ratchet up their transparency and communication with the public as when we may see things ease when it comes to the lockdown >> reporter: absolutely, no doubt about it the answer to that question is, yes. no doubt about it that boris johnson possesses oratory skills we've seen some awful presentations from his colleagues over the last couple of weeks when boris johnson has been out of action we know he went into isolation in 11 downing street and on the 5th of april went into st. thomas hospital and intensive care and released on 12th of april and has been in convalescence. he returned to downing street and the communication point has been missing first let's listen in to what the prime minister just said. >> we want to get this economy

moving as fast as i can, but i refuse to throw away all the effort and the sacrifice of the british people and to risk a second major outbreak and huge loss of life and the overwhelming of the nhs. and i ask you to contain your impatience because i believe we are coming now to the end of the first phase of this conflict in spite of all the suffering, we have so nearly succeeded. >> reporter: very importantly, the prime minister talking about the moment of maximum risk and also mentioned twice in his speech the r-rate, the scientific definition of whether the infection is reducing. they want to be seen to be working with the government and don't want to be trapped by the

government's constraints back to you. >> thank you, steve. we'll be watching the space over the coming days. thank you very much. let's take a look at u.s. futures now. we are poised to open for wall street this comes after a restreet last week for global equities the oil price volatility, one of the key themes last week this week it's peak week for q1 earnings several central bans in focus. the bank of japan overnight announcing unprecedented easing when it comes to commitment to buying bonds then the fed and ecb meetings to look forward to later this week. that's it for showed's show. i'm julianna tatelbaum thanks for watching. "worldwide exchange" is coming up nex

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. stock futures are higher to start what is going to be a very, very busy week on wall street with a lot of corporate earnings and data as well. oil crashing down again. it is off and another bankruptcy in the oil patch to pay attention to as well we have all those stories, including a blockbuster report from "the new york times" as well about china's efforts to cover up an initial report damaging china's response to the coronavirus outbreak welcome, everybody, good morning. it is just about 5:00 a.m. here on a very busy