S p 500 higher. Groups leading gains include stayathome stocks, consumer services. Oil after inventory close to 41 per barrel, big drawdown way more than anticipated. The 10 year yield up. The dollar index continues to weaken. Plenty of strength in euro. We will talk Canadian Dollar in 10 of 1 after the decision from the central bank. Ministers agreed to boost oil output. This will be offset by members that did not fulfill commitments in june, such as iraq and nigeria. The saudi minister sees a ceiling. Ellen, this was the deal agreed to by members. Will that have any impact on members for those countries so dependent on china . Ellen that is a huge question. According to the saudi oil minister, not a single barrel will be exported extra in august compared to july. He perceives saudi arabia will consume extra barrels produced domestically and while the price people in saudi arabia pay for oil cost has gone up recently, it is not merely what the saudi government would get if they were s
Relaxed in thailand but without tourism many still need food handouts. Welcome to the program the global hunt for a Coronavirus Vaccine and treatment took a leap forward on monday with World Leaders pledging billions of dollars to the fight the European Commission hosted a virtual Fund Raising Conference a nations promise to contribute more than 80000000000. 00 towards research 3 and a half 1000000 people have now been infected by the virus about a 3rd of those have recovered but about 250000. 00 people have died and gradually country by country in some instances even city by city lock downs are being lifted one of the hardest hit countries italy was among the nations that began easing restrictions on monday will be live initially a little later now so join a whole begins our coverage from oxford where scientists are working on a potential vaccine. Coronavirus is going away so the world must find ways to live with it better ways of testing for it more effective ways of treating it most
States fears of a new outbreak emerging in the countrys northeast. Hello thank you for joining us at the global hunt for a krone virus vaccine and treatment took took a leap forward on monday with World Leaders pledging billions of dollars to the fight the European Commission hosted a virtual fundraising conference and nations promised to contribute more than 8000000000. 00 towards research a turning point according to the commissions president 3 and a half 1000000 people have now been infected by the virus worldwide about a 3rd of those have recovered but about 250000 people have died gradually country by country in some instances even city by city lockdowns are being lifted one of the hardest hit countries italy was among the nations that began easing restrictions on monday well have more from italy a little later but show the whole begins our coverage from oxford where scientists are working on a potential vaccine. Corona virus isnt going away so the world must find ways to live wit
A grants to malaria scientists discover a microbe the prevents mosquitoes getting infected. The fight against the corona virus has been given an 8000000000 dollar boost leaders from the e. U. And other nations pledged to cash in a Video Conference on monday it will be used to help speed up research into a vaccine and treatments by the United States where almost 70000 people have died didnt take part john holl has more. Coronavirus isnt going away so the world must find ways to live with it better ways of testing for it more effective ways of treating it most importantly eventually a vaccine against it. The patents are many the goal is one to defeat this virus and e. U. Led virtual pledging conference aims to channel billions of dollars into the Global Response its not just about pouring money into research but also about pooling resources and expertise for the common good it really measurable sense and. It will be. Now. Some. Why. The u. S. Isnt involved and while china is offering to
Euros for vaccines diagnostics and treatments and all of these money will help kick start unprecedented Global Cooperation and it will create a truly unique Global Public good in the u. S. The trumpet ministration is projecting coronavirus deaths will reach 3000. 00 a day by the end of the month thats according to an internal report seen by the New York Times the document also forecasts new cases increasing to 200000. 00 each day it comes as a number of states have started to reopen their economies despite warnings from Public Health experts our White House Correspondent kimberly hawkers has more. Yes the numbers are astonishing they have been upgraded from about 25000 infections a day 2200008 day by the end of june with the number of daily deaths by june rising to 3000 a day this is enormous in terms of the projections given the fact that these states are reopening now the white house has responded saying look at these are centers for Disease Control models these are federal Emergency