Migrant workers storm a Railway Station in mumbai protesting over the extension of indias lockdown just left the jobless and hungry class. Get past yourself and preach about societys new yorks governor accuses donald trump of spoiling for a fight over claims the president has betrayed and how to lift knockdowns. And why u. S. Farmers a dumping rivers of milk all shop shelves are empty and millions of americans of all agree. To the huge cost of the coronavirus pandemic has been laid out in a dramatic prediction from the International Monetary fund it expects global output to shrink by 3 percent this year which sounds small but would be the worst year since the Great Depression of the 1930 s. This equates to a 9 trillion dollars cotton world production this year and next a loss greater than the combined g. D. P. Of germany and japan italys economy is expected to be one of the worst hit shrinking by 9 point one percent but the i. M. F. Thinks less developed economies will fare better lati
About think about society. New yorks governor accuses donald trump for spoiling for a fight. And why u. S. Farmers are dumping milk. Shop shelves are empty and americans go hungry. Hello. The huge cost of the coronavirus pandemic has been laid out in a dramatic addiction from the International Monetary fund. It expects global output to shrink by 3 this year, which sounds small but would be the worst year since the Great Depression of the 1930s. This it equates to a 9 trillion cut in world production this year and next come a loss greater than the combined gdp of germany and japan. Italys economy is expected to be one of the worst hit, shrinking by 9. 1 . The imf thinks less developed economies will fare better. Latin america is warned to expect a comparatively small 5. 2 drop. There is hope, the imf predicting a 5. 8 global rebound next year. From the International Monetary fund, a warning. This is a crisis like no other. Is substantial uncertainty about the impact it will have on peop
Happy weekend. We are practicing social distancing here so we are at chevy, we promise to do ours. Keeping our space. Were offering chevy owners complimentary onstar crisis assist services and wifi data. If you need a new chevy, interestfree financing for 84 months with deferred payments for 120 days on many of our most popular models. You may even shop online and take delivery at home. Its just our way of doing our part. How are we doing weatherwise . Happy saturday to you guys. We had some nice weather in store for your afternoon today. Today will be like yesterday. Even a tad bit warmer. Things start to change on the back end of the weekend. Rain returns to the bay area. Giving alive look over San Francisco as we look at the bay bridge and across the bay, we are looking up partly cloudy. Things in the inland cities in the 30s once again. For the afternoon, mix of sun and clouds. Mild temps. Folks get 70 degrees this afternoon. For the first full weekend of spring, rain in the foreca
Welcome to Worldwide Exchange, im wilfred frost. And im seema mody. We are taking you back with some of americas most notable black artists, right now youre listening to james brown i like that one great way to start the show. Lets get to the Market Action futures are slipping it comes off a soft day. The dow was higher yesterday the s p down by 0. 2 the nasdaq 0. 4 . A bit of a selloff in the afternoon. Not much in reaction to the fed Decision Just softness in the tech sector thats why we saw the nasdaq as the worst performer. Futures are down quite sharply 64 points for the dow. The nasdaq down another significant move, 67 points. Thats higher in percentage terms. 12 points down for the s p question marks on whether this is in relation to the announcement, reported announcement that President Trump is under investigation for obstruction of justice an update from washington on that coming up the fact that the nasdaq is leading the move down, suggests it is not that as the driver, just
2. 145 overnightin asia, look at whats been happening. You can see the nikkei closed down by a quarter of a percentage point the hang seng off by 1. 2 . The shanghai was flat. Lets look at whats happening in the european markets in early trading. At this point there are red arrows across the board there as well biggest decliner is the cac, which is down by 1 . The ftse and dax are off by 0. 8 when it comes to currencies. You will see right now the dollar is up across the board. Euro at 1. 1163 crude oil prices which were down 3. 7 yesterday, the lowest settlement weve seen since november 14th, you can see this morning down once again. Another 11 cents to 44. 62. We want to bring you an update on the terrible shooting that took place yesterday. Republican congressman Steve Scalise is in Critical Condition this morning after he was shot by a gunman yesterday. Squawk was on while this happened the congressman was shot in the hip, underwent surgery at Medstar Washington Hospital Center a s