Maintain normal Monetary Policy for as long as possible and fixing will be key. President trump wants to return to the campaign trail as his doctors say he is not a transmission risk. The u. S. And europe are not on the list for easing curbs. Haidi markets coming online for the start of the brandnew trading week. Lets go to sophie kamaruddin. After inome enthusiasm cap the best week since april. Australia posted record shipments when it comes to iron ore, putting some down pressure on the commodity. Gold holding about 1900 per ounce, after its second weekly gain. 2300 for bullion, early 2021. The aussie dollar under pressure. It had fallen by 4 . 4 . The offshore yuan on the retreat. Looking forward to the fix to see if that will add more weakness on the offshore yuan. Futures, nikkei Futures Holding steady while the 106,s trading around testing the 65 day line. Todays south korean markets come back online after the long weekend. We have korean trade data later today. Won trading korea
Likely to hit around 15 . This morning, the private sector reports the loss of 20,236,000 jobs just in april. Reopening the economy is designed to try to bring back some or most of those jobs. So here we are. With all the bad Economic News breaking around us, what does the market do . Well, it rallies. For the third day in a row, the market opens higher. This is a bet on the recovery and a bet on the federal reserve, which is putting at least 4 trillion into the economy, and the treasury which is putting in over 3 trillion. Thats called stimulus. Investors appear to like it. The dow is going to be up about 140 points. Nice gain there. The s p up 15, nasdaq up about, what, 58, 60. Look at this. Oil, 23 a barrel. Thats where it is now. Earlier, it had been at 25. There has been a dramatic fall in supply and a hopedfor pickup in demand as some states start opening up their economies. So thats why we are in the mid 20s for the price of oil. But you can say goodbye to the gas price decline.
Developments and Governor Andrew Cuomo has been mentioning these developments. Now worry on the food side though. We heard that tyson foods is indefinitely suspending operations at that largest pork plant in south dakota and worries now, forget about whether you get pork or beef. Whether, if and when you get it. We could be looking at sharply higher prices because right now it is in short supply. Connell mcshane on the latest developments. Hey, connell. Reporter neil, we have widespread agreement whether it is governments or companies, about the economic damage being caused by this pandemic in the country where there are differences though is on the approach to how to reopen economies. Now, you mentioned, some of it is businesses versus government. Business us will make the own decision. Tyson is example of that. Suspension of these operations you mentioned is an indefinite suspension. The basic thing here. A lot of workers, so many calling in sick at that plant that tyson felt they ju
Color to, it is that the new york police department, the acclaimed nypd, has five deaths within the organization, not just police officers, but their staff as well. Really bringing home the seriousness of this in new york we are in the interregnum, francine, up to jobs day. Of wednesday,rts thursday, and friday will be extraordinary. Francine . Francine i have to say, we are going to spend a lot of time talking about those pmi numbers in china. They are nowhere near normal, but they are much better than they were a month ago. Lets get to first word news in new york city with viviana hurtado. Viviana we begin with the white house, and Congressional Democrats are preparing for a fourth economic stimulus. The proposals include aid for the travel industry and the Mortgage Markets. Says states and local governments will need more help. Over to japan, where the party the ruling party proposed the guest ever stimulus package, valued at 554 billion. A third would be at private initiatives and
A unique. Minority with the challenges from tourism. Welcome to the show its good to have you with us dan an International Investigation into alleged war crimes committed in afghanistan all for justice to the many unnamed victims of that countrys wall its a question thats hung in the air for some time but now the International Criminal court all for some hope that the so will be yes this off the judges last week authorized an investigation into alleged war crimes and crimes against humanity committed during the war in afghanistan the ruling covers atrocities committed by the taliban Afghan Government forces and. U. S. Forces the investigation will look at crimes such as attacks against civilians murder torture rape inforce disappearances and many others. The United States which is not a member of the i. C. C. Has criticised the judgment and so has the government of afghanistan. Joining me on the line from kabul now is kate clark use codirector of the afghanistan and the list of network