karen tso joins us with more. >> focusing on the positive reopening of the economy there are negativesre -- namely the escalation in the u.s./china tensions that is the market industries claim fresh -- that they haven't seen since march 25,000 on the dow and the s&p getting above 3,000 at one stage. but we will wait and see how the response this week and whether investors change their tune. that said, there are growing hopes of a stimulus plan as republicans -- the idea. democrats approved a $3 trillion package. republicans in the senate continue to block it mitch mcconnell, the senate majority leader says congress will have to pass another coronavirus relief package that decision will be made in coming weeks philip and frances, back to you. >> we'll have details on burger king's new siadianngocl stci whopper. >>> two gators battle it out on a golf course in south carolina. " i think we're gonna swap over to "over seventy-five years of savings and service." what, we're just gonna swap over? yep. pump the breaks on this, swap it over to that. pump the breaks, and, uh, swap over? that's

karen tso is joining us. good morning. >> good morning. the u.s.sury department will borrow a record $3 trillion this quarter by way of compareso scomparison $477 billion the first quarter the borrowing will continue in the third, as well the debt is because of covid-19. the money will be used to mostly sib subsidy the emergency measures going to individuals and businesses some money will be used to backstop the federal reserve and programs announced the u.s. government debt has climbed to almost $25 trillion, jumpi inin ining 6.4% if there is a year to celebrate a national nurses week, it is 2020 from tomorrow, we've got the fast food chain subway teaming up with post meats ates to effectively deliver food for the front line workers it seems if you spend $15 on the order, you're buying lunch for one of the workers back to you in the studio. >> cannot thank them enough. thank you. >>> looks like we'll have to order a lot of food. coming up next, janessa is tracking a chance for snow in the northeast. >>> keeping an eye on the kids from afar. the vi

that is all for today's show i'm karen tso. thanks for watching. "worldwide exchange" is up next. these days staying connected is more important than ever. so we're working 24/7 to maintain a reliable network, to meet your growing internet needs. we're helping customers who are experiencing financial difficulties stay connected. we're increasing internet speeds for low income families in our internet essentials program. and delivering self-install kits to your door. nos comprometemos a mantenerte conectado. we're committed to keeping you connected. for more information on how you can stay connected, visit xfinity.com/prepare. >>> it is 5:00 at cnbc and here is your "top five at 5. discussing the human cost of reopening and others saying the economic cost of staying close is too high. >> and revealing another $3 trillion stimulus plan nancy pelosi speaking about the proposal >>> shut down through the fall drastic measures being taken at the nation's largest

incredible stuff there european markets not on that list with the exception of denmark and slovakia karen tsoin our london news room >> you can see the even split between the winners and losers stoxx 600 tracking up. heavy lifting from the likes of the uk market and italian stocks these have been some of the underperformers as of late as you look at the major indices, you can see the green on the boardsing, slimmer gains through the territory. losses sliding by a quarter of 1% some bounces just over .7 of a percent. seeing negative news from thyssenkrupp warned that in the current quarter, lozs could tally up to 1 billion euros forcing the company to say it does not have a liquidity problem. proceeds expected from the elevator unit sale which inked just on the eve of this crisis to ryanair, the budget carrier on the boards you can see a spike of 3% in that stock. eyeing a return to the skies trying to residence respect 40% of flights scheduled by 1 july versus a skeleton of 30 flights a day. passengers would have to wear fas masks and ask crew if they want to make a visit to the toilet and fi

crossing there about an hour ago with reaction from karen tso >> the reaction in wall street this morningwe see across the board. take a look at all of the red behind me, that tells you how weak the sentiment is. the benchmark down 1.5%. core markets have been clear underperformers this morning that data in the 5.8% slump not helping the sentiment for the uk we have a new phase for those who cannot work from home allowed to go back to the work force. mostly construction jobs we can see the red amid a spike of infections among countries that have emerged from lockdown. new advice and hope we may residence respect summer here with some cross-border travel. staying in hotels, going to beaches may be allowed with some of those with the same covid-19 risk profile we have seen some guidance may keep the lockdowns against nonessential travel until about mid-june tui there, the german travel operator is hoping from july can resume some of those holiday plans for clients. back to you, brian >> karen, thank you. let's go now from london to d.c. house democrats unveiled a $3 trillion, 18-page spendi

i'm karen tso. european stocks and global decliek. warns of lasting economic damage >> the economic response has been timely and appropriately large. it may not be the final chapter, given the path ahead is uncertain. >>> criesler ahrysler and peugeh breaks on future >>> higher call volumes offset by lower revenues. helping the german telco beat expectations >>> an insurance warns casualty claims to top the year >> the underlying performance, we'd be talking about a strong delivery but of course, the conversation will be dominated by the impact of the virus that will have impact and growth for the remainder of the year. >> a down but not out. second quarter global oil demand we'll speak with the executive director on this show. >>> let's dive in to that oil report that is just crossing the latest is that all demand is set for a record fall in 2020. probably no surprise to our viewers out there. it has trimmed the forecast for the drop citing the easing in drop down measures that has trimmed estimates by 690,000. the report that 2.8 bi

i'm karen tso, these are your headlines.the sharpest contraction since the financial crisis a warning the following period will be worse. >>> an industrial boost for european data showing the first rise lifting the stocks and all indices to the green >>> drug suppliers rocked as president trump readies an executive order to protect u.s. production s s a backlash from french government >>> and a plan to build a chip factory in arizona a move that will help the country's independence from china. >>> a $1.6 billion pound funding to get people going and computers back after an enormous spat between london mayor and the prime minister >>> we've had a fresh read in on the damage for the german economy. showing us it is shrinking at the fastest pace since the financial crisis the german plunge 2.2 and 1.9% on the year. europe's largest economy was already struggling before the shutdown much of the economy in march caused much of those key areas with a huge plunge pointing out the market, we are stronger across the board in contrast

. >> karen tso live from london. thank you, as always.see you today. >>> up next, a look at axios' one big thing. >>> coming up on "morning joe," a big show. 24,000 confirmed cases and 1300 related deaths. ohio governor mike dewine has been waging a tough battle against the coronavirus. he's going to preview the state's next steps to stop the spread and reopen their economy. "morning joe" is moments away. (j.k. vo) if you're off the roads for all of us, farmers is here for you. and if you're on the roads for us, well, we're here for you, too. >>> welcome back, everybody. joining me now with a look at axios am, the co-founder of a yoeaxios, mike allen. good to see you. talk to us about the one big thing today. >> axios one big thing is mike pence on mike flynn. on friday, i hopped on air force 2, the same morning they discovered that one of their staff members had tested positive. we flew to iowa with vice president pence. i had an interview with him there for axios on hbo. knowing that president trump had said he would consider bringing g