A major expansion in coronavirus testing the u. K. Government extends knock down restrictions for at least 3 more weeks and Brazils Health minister is fired after a dispute with president abbas an hour over the call in a virus response. Chinas economy has suffered its shopping fall since it opened up to the world in the 1970 s. In the aftermath of the coronavirus pandemic Gross Domestic Product g. D. P. In the 1st quarter promenade by 6. 8 percent compared to a year earlier its the 1st time is contracted in decades as speak to our correspondent katrina youre in beijing so a story fall katrina but not a surprise entirely. No i mean outbreak prevention measures saw chinas economy at a standstill for almost 2 months Factory Production was halted businesses were closed and hundreds of millions of people were stuck indoors and the result is this full of 6. 8 percent historic as youve just said and also the 1st disruption to chinas an interrupted worth for almost half a century and we got so
Careful step at the time donald trump announces guidelines for reopening the u. S. Economy but democrats say they are vague and inconsistent and want a major expansion in coronavirus Testing Process harassed and threatened Health Workers in chile say theyre facing social isolation because a virus fiennes. Thank you very much for joining us chinas economy has suffered its shop is full since it opened up to the world in the 1970 s. In the wake of the coronavirus pandemic Gross Domestic Product g. D. P. In the 1st quarter prompted by 6. 8 percent compared to a year earlier its the 1st time its contracted in decades that speaks to katrina you in beijing for us some. Really historic brunch there but not entirely surprising katrina. No not surprising at all i mean this outbreak saw chinas economy come to a standstill for almost 2 months thats no Factory Production many businesses were closed and hundreds of millions of people were forced indoors and thats led to this historic fall of negativ
Criticism. With infection rates falling jamey says the outbreak is now manageable again. Plus Health Workers fighting coronavirus in chile report an increase in her assessment and discrimination. And im santa how much with all the sport including plans are in motion to complete it this season the European Champions League with all the 29th and 10th for the final. Alarming new numbers showing the strain of the coronavirus pandemic on the worlds 2 biggest economies there is increasing doubt about the u. S. President s 2 week deadline for getting businesses back up and running in 30 states 22000000 americans have made jobless claims over the last months numbers not seen since the Great Depression of the 1930 s. And chinas Gross Domestic Product has plummeted by almost 7 percent in the 1st quarter thats the sharpest fall since it opened up to the world 40 years ago. Theres been a big rise in the death toll in the original epicenter of the outbreak will hand 50 percent more people die there
A little its the longest iterates. A leading professor tells m. P. s the u. K. Government was too slow to react to the global pandemic. Raising to meet demand kenya steps up mass production so the government introduces tough rules to curb the spread of coronavirus. Now alarming new numbers showing the strain of the coronavirus pandemic on the worlds 2 biggest economies theres increasing doubt about the u. S. President s 2 week deadline for getting businesses back up and running in that he states 22000000 americans have made jobless claims just over the past month numbers not seen since the Great Depression of the 1930 s. And chinas Gross Domestic Product has plummeted by almost 7 percent in the 1st quarter that the shop just for since it opened up to the wild 40 years ago and theres been a big rise in the death toll in the original epicenter of the outbreak. 50 percent more people died there than was previously reported the total number of fatalities in the city is now said to be 3869.
White hou on remdesivir and looking past chinas first gdp contraction in 40 years oil below 18 is something to watch. That report out of stat news reflects how much hope there is, whether its remdesivir or Something Else for an effective treatment going into the fall. It does it may also reflect thin trading having spoken to a number of people this morning who are wondering whether or not you can have big moves in the market with just a billion dollars of futures being bought, which may seem like a lot, but is not. Because, you know, you have a lot of Fund Managers who tighten risk, they took down their net exposure, perhaps they didnt kel quite a sell quite as much its unclear how much buying power is needed to move the market in a significant way. Remdesivir itself is important were all hopeful that it is going to actually have an impact on the outcome of the disease for those who get very sick and end up in the hospital but it is not going to be what we call a chain terminator it is