Special rapporteur for man mark pulls out the nations leader aung sun so much. Of the continued persecution of Rohingya Muslims. The Economic Impact of the coronavirus pandemic continues to reveal itself in the last few hours the Worlds Largest economy the us reported a 1st quarter g. D. P. Loss of nearly 5 percent thats worst thats the worst result since the 2008 financial crisis airplane make a boeing suffered a 640000000. 00 loss in the 1st quarter an abcess was also reported a loss of half a 1000000000. 00 we have 2 correspondents covering these developments john hendren is standing by for us in chicago to tell us more about the flaws of the Aviation Industry but 1st lets go to a white house forest correspondent kimberly hellcats. Kimberly these quarter one g. D. P. Figures today suggest that the slowdown was beginning before the lockdown began. Yeah you know theres no question that there is a suggestion of that but well there were stay at home or is going into effect at the tail e
Seeing some good things in its earnings. We are also getting a few good out of a study on a gilead drug, sending shares higher today. It looks like this particular duration taking the drug allowing for the same results, which means we will be able to get more testing done to see if it has an impact on covid19. Guy the data are bad, the science is good. That is probably the message coming out today. The gilead news having a positive effect on european stocks. We are near session highs. Today is aial sector prime driver. Volkswagen trading to the upside. Airbus reporting numbers today, trading around 10 higher today. Outve also had a surprise of cycle downgrade for italy. Yields moving up a little bit, not that much. Big volatility continuing in the crude space. Brent trading up by 10. 5 . Vonnie keep an eye is well on the fed decision this afternoon, and the statement, which will be interesting. Jay powell will hold his virtual News Conference in the afternoon. For his thoughts, we are
And farewell to an icon of both bollywood and hollywoods a fun car and dies at the age of 53. 00. Its still early days in the pandemic caused worldwide recession but we now have a better sense of how hard key sectors of the economy being impacted the Worlds Largest economy the United States is wiped out a decade of growth shrinking by 4. 8 percent in the 1st quarter according to figures released a short time ago one of its largest manufacturers boeing has reported losses of at least 600000000. 00 while european rival airbus says that it lost more than half a 1000000000. 00 in the 1st quarter of 2. Europes largest economy will have the worst year since the end of the 2nd world war germany contracted by 2 percent in the 1st quarter but is forecasting a 10 percent drop in quarter to compare those figures with what we heard from china 2 weeks ago a near 70 percent decline and historic drop in performance compared to the same period last year out of there as john hendren has been following
Ignored risks to civilians in a drone strike in tripoli last november. Actually. Going un special rapporteur from the young mom calls out that ations leader Aung San Suu Kyi over the continued persecution of rohingya muslims. And well to what i call the problem of india act of funk rock dies at the age of 53. Its still early days in the pandemic caused worldwide recession but we now have a better sense of how hard key sectors of the economy are being impacted the Worlds Largest economy the United States has wiped out a decade of growth shrinking by 4. 8 percent in the 1st quarter according to figures released a short time ago one of its largest manufacturers boeing has reported losses of at least 600000000. 00 while european rival air bus says that it lost more than half a 1000000000. 00 in the 1st quarter to europes largest economy will have the worst here since the end of world war 2. Germany contracted by 2 percent in the 1st quarter but is forecasting a 10 percent drop for quarter
President will set out on from appointing his friend as federal police chief and a close shave a large asteroids games past earth but astronomers saying it posed no danger to the plotting. To. Blow welcome to the program the brutal impact coronavirus lockdowns are having on the Global Economy is becoming clearer with the release of new Financial Data the worlds biggest economy the United States has shrunk 4. 8 percent since the start of the year thats its largest drop since 2008 meanwhile new numbers from europes economic powerhouse germany show its g. D. P. Is expected to contract by more than 6 percent this year in a country into its deepest recession in half a century and the economic heart of Africa Nigeria has just been granted a story point 4000000000. 00 loan from the i. M. F. Thats the funds the largest ever aid package for a single country and all of this says the International Labor Organization Warns that 1600000000 workers in the informal economy are in immediate danger of