kit juckes with us from societe gnerale.ow doro, and dollar -- i play that for profit and not lose money by the end of the year? kit: you stick with the yen as something you want to own most of the time because it does not weaken much and it is still the best to have for return of significant risk aversion. for now, the dollar is only really going to turn lower when we come through and get light at the end of the tunnel. why all these countries have massive leads for dollars around the world, even though the fed is prominent, that keeps it propped up to some degree. that makes it more difficult, so emerging-market currencies are weak every time they are, and it props up the dollar. the euro, frankly, if we cannot hold here right now with these talks about this deal, we could to 1.10 inn at 1.08 a flash. if they get this deal to the next level where they can consolidate, i might feel a little bit more optimistic about things. right now i am not, i am -- i might buy the swiss franc but not the euro. not thebuy the yen, but dol

juckes is talking about, all those anti-seats and what is so charming, are they getting all the moneyto the ticketholders? some of the money? is it nationwide? they've had some of the money backs from the game that he wasn't able to see, some of the games. some of the money. i believe other clubs have given some of the money back as a credit to use your season ticket in the following year. we got to deal with the politics in this economy. yesterday if we confirmed whether we have larry kudlow this coming payroll, and i can confirm for you that we do. 9:30, one hour after the payroll, we will be catching up with the national economic council director. what you want to hear? >> i want to hear from mr. kudlow about fiscal policy. we want touch on that, i'm sure, with john bolton, but without question, you got to go to lawrence kudlow. the urgency the president feels to get it going, that could be a key item for president trump. >> some important conversations coming up tomorrow with mr. bolton, during this program at 8:30 eastern. then on thursday after the payroll, we will catch up with

juckes, i did kit the same thing he did in his morning note.i did a fibonacci analysis of what we saw yesterday. that is too much mathematics or friday. all you need to know is it was ugly and we have a very nice bounce to -- bounce today, from the worst vic's -- from the , to today. it is certainly better today. francine: here is ritika gupta with first word news. ritika: there has never been a month as bad as april for the british economy. gdp fell more than 20% as the coronavirus lockdown took hold. on a three-month basis, economic output shrank more than 10%. the imf says the global economy is recovering more slowly than expected from the coronavirus. the fund expects it will have lingering scars from the experience. the imf will release economic with injections june 24. it expects them to be worse than the last forecast in april. the imf says in general asian economies are further along in the recovery path. president trump is rejecting calls to overall law enforcement to cut funding. he says a strong economy will be the fix for racial inj

juckes, i did kit the same thing he did in his morning note.sis of what we saw yesterday. that is too much mathematics or friday. all you need to know is it was ugly and we have a very nice bounce to

so we got this jucks pox, q.e. forever -- juxtaposition, q.e. forever, versus the reality of risk for the world. as the number of cases rises, it is unsettling the markets. in excess of $2 million in the united states of america. so the message from the fed, battling against the uncertainty of covid-19. good morning, nejra. nerja: good morning, manus. the debate about yield curve control continues. we understood that the fed and officials were certainly looking at it. in terms of the reaction in the treasury market, i mean, the bulls certainly came back. we saw that 10-year yield drop to a 72 handle. the five-year part of the curve, the belly, is what's really been outperforming. and certainly outperformed yesterday as well. taking a look at the broader markets, you're seeing really a little bit of risk off coming through in today's session. so we did see a bump up in u.s. equities yesterday. but then they gave up the gains. we're seeing futures firmly lower in the u.s. and europe. the fed is the parent and the market is a child that just kind o