The spread of the virus and in other news under pressure and his weight as Opposition Leader is accused of a coup attempt and several of his associates are due to. The United States has had the worlds worst single day of the corona virus pandemic with close to 1200 deaths on thursday at the same time more than 30000 new cases where recorded wartime powers are now being used to get urgently needed equipment out to desperate hospitals residental drum signed a defense production act ordering private companies to make masks ventilators and other medical gear new yorks mayor is urging people to wear face masks in public as the city remains americas 1000 hotspot a White House Correspondent Kimberly Hockett reports on the measures President Trump announced the top of the pandemic. As the number of corner virus cases in the United States continues to rise so does historic unemployment as a result the u. S. President announcing 350000000000 in Small Business loans to help Small Businesses retai
Little, too late. European Officials Say it is too lockdownrelax restrictions. The german finance minister says he is prepared to offer aid. Read on the screen in asia for the third day in a role. Weakness in european and u. S. Futures. After gains in their cash trading yesterday. Investors mulling this grim milestone in terms of the outbreak. Jobless claims out of the u. S. , 10 million ssericans laming joblessne over the past two weeks. It could be noisy data because it does not take into account the full stale scale of the lockdowns. The dollar index above 100, Holding Onto Gains from the past two gains. Record to jump as President Trump talked about saudi and russia cutting production. The state ofto fourwith coronavirus, months after surfacing in wuhan, china, it has infected one Million People across the world. Italy and spain amount for almost half the deaths. The u. S. Accounts for a quarter of the cases. For a quarter of the cases. With some virus carriers preventing presentin
A meal on the table for those living under lockdown and in other news under pressure venezuelas Opposition Leader is accused of a coup attempt and several of his associates are detained at. The end thank you very much for joining as the u. S. Has recorded the worlds worst single day of the coronavirus pandemic with close to 1200 deaths on thursday at the same time more than 30000 new cases where recorded wartime powers are now being used to get urgently needed equipment out to desperate hospitals resin donald trump signed a defense production act ordering private companies to make masks ventilators and other medical gear new yorks mayor is urging people to wear face masks in public as a city remains americas kovac 19 hot spot our White House Correspondent kimberly how get reports on the measures announced by President Trump to tackle the pandemic. As the number of corner virus cases in the United States continues to rise so does historic unemployment as a result the u. S. President ann
The bloomberg terminal. A grim milestone. One Million People have now tested positive for the coronavirus with more than 50,000 deaths worldwide. The Asian Development bank estimates the cost of the pandemic at 4. 1 trillion. We will get through this, you was Vice President mike pence tells bloomberg that the economy will rebound from mounting unemployment as the government ramps up virus testing. We are testing over 100,000 americans a day. We literally are tracking every single day the number of cases that are coming out, where they are coming out. Pullback, oil markets reassess President Trumps tweet on output cuts with brent and of uti giving up some of yesterdays gains. We will double big into that story. Just under an hour away from the start of cash equity trading here in europe. Lets take a look at futures right now. They are down in terms of european futures. Downed arrows with futures 6 10 of 1 . Euro stoxx, ftse, dax futures also down. Lets take a look at u. S. Futures. We a
Brokered. Weekrude about 13 on the but we cant go without pointing out we are down about 50 on the year. The dow, the nasdaq, the s p down roughly 1. 5 on the day. The big decline or is really the russell 2000. A lot of concerns about what the smaller and Midcap Companies are going to fair. We also saw a selloff in the financial space. The bank index down about 4. 8 on the week. We should also point out, on the weekly gains and losses, the only three sectors that managed to close with gains this week was energy, consumer staples, and health care. Also up about 2 , scarlet. Scarlet it is interesting how weve seen the gains that initially came at the open disappear pretty quickly. For all the talk that the data is backwards looking, the fact that it is friday and we have so much uncertainty i had of us with worsening numbers presumably means that investors dont want to be long heading into a weekend. Now all eyes are looking towards the opec Conference Call on monday. Certainly there a l