Beds. In texas, hospitalizations hitting a new high as the state sees a surge in babies testing positive and the u. S. Accuses chinese spies of trying to steal vaccine secrets. Were talking to the head of the cdc live only on gma this morning. Dangerous storms on the move. Seven twisters reported in wisconsin and illinois. The northeast bracing for severe widespread winds and a possible tornado. Plus, what could be a big Tropical Storm now forming in the gulf. Ginger is tracking the latest. Dining out dilemma. How safe is it to eat out at a restaurant right now . The surprising advice from seven Infectious Disease experts. And the countdown clock is on. The nba is gearing up to finally return and this morning, our exclusive interview with three basketball legends. Dwyane wade, chris paul and Carmelo Anthony on life inside the bubble, plus, how theyre teaming up on a new social Justice Initiative to support and empower the black community, only on gma this morning. Good morning, america
York times article today on the gravity across the entire sunbelt. It is going to be fascinating to see how the mayors and the with ars buttress up washington that seems to feel like the pandemic has moved on. That is decidedly not the case this morning. Jonathan the pandemic has not moved on. We turn to the Economic Data a little later this morning. We constrain the reopening process for the economy. Neither is positive for the economic outlook. We are already seeing that was companies hesitant to rehire people as a result of a lack of confidence. Read ofget the latest initial jobless claims in the united states. The pace of filing is still very high, 1. 3 million filings expected. Hear from, we will the sec chair in front of the House Financial Services committee. Interesting to hear what he says. Later today, we get the fed stress test results, possibly indicating whether banks may have to cut dividends. A lot of people are already expecting they will curtail those payments. See wha
Will have a great chart coming up on this. Madame lagarde is worried more about big worried about more than economics. Francine this is something a lot of people, i dunno if they saw coming but certainly we should be more prepared, but your absolute right. Lets go into the data and i will have a liquidity chart in the moment. Down. Tures down futures down. All of this rocketing off the president s speech last night which was taken quite poorly by the markets. Onto the next screen with oil weaker. A couple of pretty good days. Down to a stronger yen, thats a safe haven play. Brazilian riel an example of emergingmarket stress. Francine today we have Christine Lagarde. See are all rallying, we oil sliding. I wanted to show you what im looking at in terms of the european boards. This was quite significantly because european stocks you can see individually the dax and all of them down some 5 . This is my more broader cross asset and i have to say everyone is talking about President Trumps r
A return to rodeo. The town of gilroy in shock hopes to bring the Community Back together. Good evening. This weekend marks the first large outdoor event in gilroy since the garlic festival shooting. Security at the gilroy rodeo will be beefed up. Organizers say it is vital for the town to keep coming together. Reporter this is not a big professional rodeo. This is a Smaller Community oriented familyfriendly event. This is the right tone for gilroy to come back together. They are just putting the finishing touches on the rodeo arena in the stands are empty. When gilroy fans come back to the first big Outdoor Events is the garlic festival they will be welcomed with a dazzling symbol of strength and resilience. We cannot live our lives in fear. We are gilroy strong. I feel the rodeo is a perfect event to bring everyone back together. Reporter is gilroy rodeo 2019 said some question whether the event should be held at all coming less than two weeks after the garlic festival shooting. Was
[chanting] the people want the fall of the regime and protests sweep the lebanese capitol beirut for the second day. Hello, start of a new week but the worlds Financial Markets looks like the same story fears of a slow down in the worlds biggest economy are continuing to spook markets in asia and europe after the big drop and sent global commonty prices and currency tumbling. The shanghai index wiped out its entire gains for the year dropping 8 1 2 at closing time on monday, the sharpest fall since 2007 and that had a Ripple Effect across the asian markets and the niki the biggest since 2014 and 5 trillion dollars has been wiped off the market since china devalued its currently earlier this year. Crude oil has fallen below 45 a barrel and currencies across asia are badly hit as well. In india it takes more than 66 to buy a dollar, that is a twoyear low. Adrian brown has more from beijing. Reporter shanghais stock market is a very scary place. Within minutes of the market opening today