And, nigeria begins rolling back restrictions to get the biggest economy in africa back on track. Health officials warn the timing could not be worse. South koreas baseball fans are looking forward to the league restarting on tuesday even if they are only allowed to watch the games on television. Brent im brent goff. To our viewers on pbs in the United States and around the world, ill come. Welcome. The race to develop a vaccine is underway. Today, led by the European Union, countries around the world pledged seven and a half billion euros to fund the fight against the virus. The European Union chief held the event as a victory for global cooperation. Todays fundraiser was just as notable for the noshows as the donations. We have more in this report. Lets start the pledging. The e. U. Kicked off its fundraising drive with one billion euros. Pledges were beamed in from across the globe. The kingdomom of saudi arabia has pledged 500 million. Pop icon madonna has made a lastminutee donati
Since the great recession. Is now the time to start worrying we asked this question because we said it only lasted a couple of hours, no big deal. Here we are, two weeks later it has been at, near or inverted for the past two weeks. Although. 3 back in may. Three months ago, true. Now we have all of these indicators flashing recession, recession, recession should we you should always be worried i think, but i think with worrying comes pete uses the word all the time, trading opportunities. I think thats what you have now. He said something a couple of weeks ago, stay with me, the volatility will be volatile. I agree with that. I will Say Something that ive been pretty steadfast, i think the market will bottom, s p 500, when the vix prints. I think the trend will continue to be lower for all of the reasons you mentioned. There are other reasons as well. It is not just the u. S. china trade. Quite frankly, it is not just this inverted yield curve. Other things are going on as well the ma
Search business. And prudential prepares to deliver firsthalf earnings in about 15 minutes. Profits are expected to surge by 10 , but investors eye the challenges ahead. Welcome to the show. Lets get straight to european markets, which were indeed quite strong yesterday. A slew of earnings and oil prices recovering by a couple of percent allowed equity markets to perform relatively well, better in europe than in the u. S. , but positive across the board. Now, today we are down 0. 6 for the broader stoxx 600 as you can see, a correction from yesterdays positivity and more of a continuation of how august as a whole has kicked off. Ftse 100 down 0. 6 , germany and france down a little bit more than that. Athens is in positive territory and seema will tell you why. Absolutely. Lets take a look at that top story. Greece and its International Creditors have agreed to a deal on bailout terms following long negotiations. Finance Ministry Sources telling cnbc that a number of minor issues still
Losing its license to operation in london. Is it a red flag for the london economy . Were going to get into that coming up. But we begin with this breaking news in the last hour or so, Health Care Stocks rebounding as senator john mccain says he will not vote for the Graham Cassidy Health Care Proposal Kayla Tausche is here to bring us to up speed kayla . Reporter that statement landed with a thud earl yer this afternoon, bill. Arizona senator john mccain becoming the second official no on the republicans final push to Reform Health care this year, with just republican votes creating a significant and perhaps insurmountable obstacle for this bills passage. Mccain says the bill of this impact should be done on a bipartisan basis, saying, i cannot in good conscience vote for the Graham Cassidy proposal. I believe we could do better working together, republicans and democrats. And have not yet really tried nor could i support it quhowith knowing how much it will cost, how it will affect i
Quarterly results late today. We begin with amazon and its big earnings miss, not coming anywhere near where wall street was expecting. And one reason was a sharp rise in the ecommerce companys shipping costs which rose more than 40 . Other expenses included investments in new Growth Markets like fashion and beauty. Here are the numbers. Amazon earned 52 cents a share. Wall street was looking for 78 cents. Revenue rose 29 from a year ago to 32 billion. But its Sales Guidance wasnt as strong as some would have liked. That sent shares lower in initial after hours trading. Heres the onekey takeaway from amazons results. Reporter over the last two quarters, amazon has blown earnings expectations out of the water. When it came up short this time, the stock went lower in the after hours. Amazon was expected to make a killing in the ecommerce space during the allimportant Holiday Shopping season but its outlook fell a little short. On the bright side, its ecloud business continues to grow at