Lets say business incredible india was always the marketing slogan in this case an incredibly woeful performance and record slump for indias economy 24 percent drop in the 2nd quarter much much worse than full cost the same story playing out around the world strict lockdowns to contain the growth the driven down spending but things were looking good for india before the crisis it was the worlds Fastest Growing bigger economy until a few years ago alice to predict 1st year decline this is 1900. Is executive director an asia pacific chief economist at i. H. S. Market just how bad was the economy before the crisis hit. The Indian Economy had been moderating over the last 18 months momentum had slowed considerably but it was still growing at a positive pace so what has happened since the pandemic really escalated in india is that the government put in very severe low measures. Many other countries have done all around the world and as a result of the severe lock down Industrial Production
And did what theyre supposed to do if somebody gets sick everything stops the trial stops they investigate that astra zeneca said the company said in a statement that pausing the trial is a routine action that has to happen whenever theres an unexplained illness in one of the trials various Health Experts medical experts Industry Experts agree this doesnt mean the potential vaccine is dangerous or that the study that the vaccine is a failure just more so that the protocol is the process worked as it should the reported illness a type of viral infection and one of the female participants could be totally under under related and related i want to really underscore that fact but keep in mind astra zeneca is a Multinational Company Pharmaceutical Company that reported in 2019 more than 24000000000. 00 in revenue it has many investors so its within the companys interests obviously to play this down tone this down a bit mad so. Said the astra zeneca an Oxford University trial is among 9 othe
About the golden opportunity traders are spotting in the market, thats ahead we start with another big day for the market nasdaq posting another alltime high as coronavirus cases continue to climb and risks up we got the Economic News on the u. S. Front so guy, have we become enured to the rise in coronavirus. We got really good and really bad data i think the market seems to discount the bad it seems to get geeked up on the good, which weve seen over the years. To me its all about the liqu liquidity thats being presented and put in the market by Central Banks globally im pretty outspoken about that. But we did say on june 26th, if you recall, we were encouraged the market held 3,000 level at s p 500 and gave us something to trade against. Didnt think wed be here today, quite frankly. But the next level, the june 7 high of 3240 is in the cross hairs of the market and has to prove itself there what i would say today that gives a bit of pause is the fax that the vix is sub on today, held
22. 11. Amazing. Vonnie isnt it just . In the u. S. , we saw a bit of a fluctuating session overnight. Futures is rebalancing, and lots of movement into equities, where there had been selling earlier in the month. Primarily, Health Care Companies and all of those Companies Whose ceos appeared with President Trump in the rose garden are leading the market higher. Deller index the dollar index at 99. 15. Guy lets get more insight on what is happening today and what can happen next. Joining us on the phone from london, Morgan Stanley chief cross asset strategist andrew sheets. Jp morgan thinks the lows are in for stocks. Goldman sachs isnt quite so sure. What do you think it Morgan Stanley . Likely we do think it is that we saw the lows on march 23. I think certainly, some level of a retest is possible as you get through tuesday, some of those monthend flows are going to go away. The Economic Data is still going to be bad. Case trajectory in the u. S. Still looks bad. Case we certainly so
That china would take more measures to bolster its economy. Companies from adidas to tyson are spelling out what the impact will be on their bottom lines and the pace of homebuilding fell less than expected and it surged to a 13year high our closer today, with the debate just showers way, former chair sheila bair willbe here to discuss a wealth tax, financial transaction tax and how markets are responding why she says as a republican shes voting for warren. Thats all coming up after the bell joining us for the hour, keith bliss, welcome back, keith. Thank you very much. The question has been asked a lot of times, and yet you still look at these markets and record high territory going up every day despite the coronavirus warnings and fears and cases and you wond frer if theres a disconnect. I dont think theres a disconnect i didnt think there was going to be much to this story its a serious story and could impact the markets the longer it goes on. Now were starting to see the trend is c