Market, that is the title. Retail earnings rolling out this morning. Economic data showing customers are slowing their spending. October retail sales data shows the slowest growth in about six month. Joining us to break it down is michael mckee, Bloomberg Economic and policy correspondent. Michael we call it getting whacked upside the head here in the colonies. In april, just a 0. 3 gain for the month of october, down from 1. 6 in the month of october, with the pendant was at its worst in april. Only five of 13 categories rose last month, compared with 11 of 13 in the prior month. October andm november seems to be getting worse. Jp morgan economists report that chase card spending has fallen notably in the first part of this month. It is, as they say, really dropping off,. That suggests a weaker month ahead. Who knows what will happen with black friday, if anybody cares about that anymore, but it is a clear americans are cutting back. The actual results come a much less meaningful than
Treatment front the top u. S. Infectious diseases advisor and to me says theyre seeing progress in trials with the antiviral drug rem disappear dr she said the average Recovery Time was cut from 15 days to 11 well the u. S. National institutes of health reported the mortality rate dropped from 11 and a half percent to 8 percent although with 31 percent improvement doesnt seem like a knockout 100 percent it is a very important proof of concept because what it is proven is that a drug can block this virus mike hanna has more now from washington. Well certainly on that recommendation from the foremost medical authority in the United States Dr Anthony Fauci hes worked on combating viruses from the bowler h. I. B. Aids and now the current pandemic occurring now one must stress as well this is very early days the trial that was conducted using rem disappear was a limited one it was a little more than a 1000 patients some of whom were given placebos some of whom were given the actual antivira
But is by 4500 in one day. Is that from a switch in statistics . Protesters in lebanon return to the streets. The lockdown silenced antigovernment protest actions, but that is no longer the case. German fans not ususing socicial media. They are not allowed in the stadium to follow their teams, so they found cardboard and got out scissors and glue. We will show you what they put together. Im brent goff. To our viewers on pbs and around the world, welcome. We begin with a stark warning about when the coronavirus pandemic will become history. Germanys Health Minister said the country faces a longhaul before approaching any end to the outbreak. Germany is buying more flu vaccines to prevent it a double wave of infections in the fall. The latest figures from the robert caulk Institute Show how it has developed in germany. The technician show how many people became infected and when the the ban on public gatherings took a while to make a difference. The closing of schools brought infections
Receive american text. That going is backed, topping 13,000 and bringing its games t gains to 40 . It is 2017 all over again. Shery lets get a quick check of how markets closed wednesday session in the u. S. Equity markets started the session higher, but most momentum in the afternoon. The s p 500 looks awaiting between gains and losses. Th s p 500e fell for a fourth consecutive session. Still the tech sector was strong. Chipmakers leaving the gains leading the gains. A philadelphia chipmaker closing at the highest level in more than a month. 1 ,nasdaq gaining 3 10 of despite the fact that President Trump said at one point the u. S. Will one day sue google and facebook. U. S. Futures at the moment not doing much. Lets see how markets are shaping up in asia. Sophie we could see another lackluster day in the making with the regional benchmark for another session. This thursdayont, we have Chinese Industrial profits and japanese retail sales. In the tech space, japan with a few news lines
Hurt american businesses and consumers. Joins us now from wall street there you are young its good to see you he ends how we had any reaction from the white house to this letter. Well i have not seen the no official response from the white house but there has been a group from the Business Roundtable led by jamie diamond the head of the biggest u. S. Bank j. P. Morgan meeting with the president on friday but the topic was partly about not so much china a bit more what happens to the Free Trade Agreement with canada and to mexico and so the businessmen they were pushing hard at the president are dragging to make a case how dangerous it would be to impose tariffs for example mexico is that this would really be hurtful to the u. S. Economy when it comes to china the u. S. President does not seem to be in any rush to get a deal done and here we have 2 topics on the table one question is will the terrorists that are already in place be dialed back if there should be a deal with china and th