This is boom bust that one business show you cant afford to miss. Out in washington coming up american style more jobless claims as the u. S. Braces for a historic Unemployment Rate plus tensions between the u. S. And china as the coronavirus threatens a new cold war between the 2 countries we have a packed show for you today so lets go and dive right in. We began by tracking the spread of the Novel Coronavirus the brics nations brazil and russia seeing sharp rises. In their cases brazil topped 127000. 00 infections leading to an even gloomier outlook for the 2nd largest economy in the western hemisphere this as analysts Capital Economics have predicted at least a 10 percent decline in the nations quarterly growth this due to the outbreak while russia still seeing a surge in cases with most of its capital and largest city moscow the virus lock down combined with the global drop in oil prices well theyve contracted russian economy activity by one 3rd according to the countrys federal ta
Leading the way. We await any kind of agreement out of g20 Energy Ministers meeting tomorrow. Vincent absolutely guy absolutely. I think it is going to be absolutely fascinating today and tomorrow. Where are we in terms of expectations from the market . I hear anything less than 10 Million Barrels a day in the market is going to think that aint enough, and as a result of which, we could see crude, which is catching a decent bid right , coming off a bit. I think youve got a whole bunch of things still coming towards us. Jay powell is going to be speaking very shortly. I guess hes got a bunch of questions he needs to answer. It is getting awfully comp located in terms of the number of fed programs out there awfully complicated in terms of the number of fed programs out there. Normally you probably sell a bit of risk going into the weekend. That is not happening. Keep an eye on the norwegian krone, heavily geared towards the oil price. Eurodollar trading 1. 09. The dollar under little bit
Plea for the federal gornment to do more to control this pandemic it comes as United States reports the countrys highest singleday death toll from coronavirus good evening. Thanks for joining us tonight, im ken wayne and im pam moore more than states are now under stay at home or shelterinplace orders but. The president says a National Stay at home is unlikely. We continue to do our part to kron 4 with social dtancing here in the studio and Health Officials want us all to do the same in the last 24 hours more than 900 people in the u. S. Have died from coronavirus the death toll for americans. Is now more than 5100. And if the Coronavirus Task force projections are correct that number will multiply at least 20 fall there are more than 213,000 cases in the u. S. With more than 9800 here in california. Around the world more than 935,000 people have been infected and more than 47,000 people have died. Th is all according to Johns Hopkins universitys coronavirus tracker map the ongoing out
Contraction than anyone realized , and the statistics on this pandemic are not all that good, are they . Francine now, they are not great. We have that horrific figure of 2 Million People infected worldwide, however we are seeing the u. S. , germany, and others thinking about relaxing the rules. It is different in japan where they are talking about a state of emergency. Today, overall the initial claim tally is said to push the fourweek total to 22 Million People without a job. We will spend time talking about that, and we have a headline from apple. I just got the air pods. Apple plans over a year headphones to bolster business working from home. Tom we have seen apple with product announcements including the smaller i found in the last lasturs, iphone in the 48 hours and they are separated from the collapse in smallcap. Right now, here is viviana hurtado. Viviana donald trump will unveil today plans to relax stayathome guidelines and suggests the coronavirus is flatlining in parts of
Between 5 and 7 . That kind of sets you up for your morning. Dollaryen, safe haven bid full in play. The yen and this was see the safe haven of choice. The long end of the curve taking more of that safe haven demand. Crude rolling over now. You have the virus, what is happening between opec and russia, and now a travel ban, which is going to destroyed jet fuel demand. Really taking it on the chin. Time now for global exchange. We are going to bring you todays market moving news from all around the world. Our bloomberg voices are on the ground with all of this mornings top stories. We begin in washington, where President Trump suspended travel from europe for the next 30 days, effective friday at midnight. The been excludes the you could the ban excludes the u. K. Pres. Trump to keep new cases from entering our shores, we will be suspending all travel from europe to the United States for the next 30 days. The new rules will go into effect friday at midnight. Alix joining me as kevin cir