If we can bring the board up. Gold up 0. 2 . A lot of Market Participants looking at the Earnings Results and european stocks. Now lets get to the bloomberg first word news. Hi, laura. Thanks. Global coronavirus cases have topped 15 million. The u. S. , india and brazil account for nearly half of all confirmed infections and fatalities. Texas reported its biggest daily number of deaths. Australias budget deficit is set to hit a post world war ii ecord. The deficit will be more than double what it was the past year. It comes amid a surge in spending to mitt gate the impact of the virus on the economy. There are still some challenges times ahead. We continue tonight the decisions to provide support in the economy. We do have to get back into situation revival. The employees on their own income rather than rely on taxpayer support. Francine italy funding to rescue the economy hit by the pandemic. Bloomberg has been told the extra money will be used to help businesses and provide subsidies
The pain for struggling retailers, but some Companies Found creative ways to engage consumers. On the round table the, ben levisohn, carlton english and al root. Ben, you used a great phrase earlier this week when we were talking about the market, you said this week the market was violently flat. Whatd you mean by that . Right. So the market, it seems like every day the dow is going up 400 points or is dropping 400 points, or it looks like its going to drop 400 points but then does an about face and heads higher. Were seeing coronavirus cases spike in many states, and some days the headlines seem to matter and other days they dont. And its really not clear what is going to get the market sort of knocked out of this range that its been in. The s p 500 did finish higher this week, but its still below the june 8th high from the rally off the marlo. So its going to be march low. Its going to be interesting to watch as these headlines continue to keep the stock market in place or if market
The heated rhetoric not helping the markets at all as we head into the final hour of trade. Neither did the weekly jobless claims number that came out this morning. It rose for the first time in 15 weeks. Then you have goldmans morning call that apple is bruised and should be tossed from your portfolio. Weve got red acheck it here. Dow down 341. S p down 38. The nasdaq down 227 points. This china situation, American Farmers dependent on selling their product to china, are bracing to be pawns once again. We will talk exclusively to a wisconsin soybean farmer about how his business was first affected since signing of the phase one trade deal and who knows whats going to happen to that phase. From massages to a whole different business of medical testing. How one chain flipped Business Plan to survi the covid crisis. Weve got the ceof express supspa group. They have the airport chains where you get massages. Hes here to tell us how hes pulling the 180 and offering covid tests. Its a fox b
Retailers, but some Companies Found creative ways to engage consumers. On the round table the, ben levisohn, carlton english and al root. Ben, you used a great phrase earlier this week when we were talking about the market, you said this week the market was violently flat. Whatd you mean by that . Right. So the market, it seems like every day the dow is going up 400 points or is dropping 400 points, or it looks like its going to drop 400 points but then does an about face and heads higher. Were seeing coronavirus cases spike in many states, and some days the headlines seem to matter and other days they dont. And its really not clear what is going to get the market sort of knocked out of this range that its been in. The s p 500 did finish higher this week, but its still below the june 8th high from the rally off the marlo. So its going to be march low. Its going to be interesting to watch as these headlines continue to keep the stock market in place or if market can get going. But its n
By the United States of america. You go out and look at all the speculation. I would suggest right now it is speculation about what china will do, but there is no speculation that they will do something. Jonathan there is a broader story to acknowledge, whether it is the economy and trade, whether it is foreign in the , the commonsea denominator is trust and the lack thereof. You see it playing out more in the last couple of months. Tom it is worldwide. SyrIan Duncan Smith was on. Ir Ian Duncan Smith was on there is a Global Messaging here about china and what to do with their economic and military assertiveness. Jonathan for the equity market, we are down just eight points on the s p 500. Market participants dont know what to do with that story. This has been the take away for the last several weeks, every time we see a headline like this. We come back pretty quickly. Lisa trade tensions were a tear bleed through into the economy. Result, an unclear less fuzzy result that we are is th