Hey, connell. Cohn cohn were connell were getting hit grim milestones with the covid19 it would appear. Total number of cases will top 200,000 by end of the day. The in new york city the death toll has topped 1000. 43,000 plus infections, death toll at 1096. Now one of the issues here locally has been how to keep the firstresponders safe. If you look at the nypd, the new York City Police department, 15 of the workforce has called out sick. You know that adds up to about 5000 workers. So a little bit more than that. Over 1000 Uniformed Police officers in new york have tested covid19 positive. And some others told us they have had trouble actually getting the test or, you know, waiting a number of days to get the results back. They have to sit out on the job while they wait out the results in some cases. Similar situation at the fire department. Similar situation at ems. All of that is going on. While help is coming in on the medical side, we talked all week long about the huge hospital
It is thursday, september 26th and fbn a. M. Starts right now. I find the things, they just cant be found. Ill share this love i found with everyone. Well sing and dance. Cheryl welcome to fbn a. M. Good morning. Im cheryl casone. Lauren good morning. Thank you for joining us. Im lauren simonetti. Cheryl lets take a look at how your money is doing this morning. Hopes of a trade deal with china helped the markets yesterday. Weve got green arrows to show you. This morning the dow is up 56, s p up 5 andahalf, nasdaq up 11 and a quarter. Lauren the yield on the 10 year treasury is at 1. 72 . Cheryl oil down slightly this morning. The price of crude getting close to where it was before the attack on the Saudi Arabian oilfield. We have a gain of 1 15cents. We should add that gas prices in the country are lower today. Lauren stocks in asia mixed. The shanghai composite in china down 0. 9 , investors taking profits off the table before trading is suspended next week. Cheryl as the brexit battl
Stimulus support. Sony posts a 30 drop in firstquarter profits. The conglomerate targets a high score from playstation saying it aims to sell 25 million consoles. Investors are awaiting the latest numbers out of disney. The ceo says he may want to do away with the groups no growth businesses. It is a bit of a turnaround in sentiment for markets. We are almost up 1 in the early hours of trade today. It is a sharp move versus yesterday. Yesterdays session was a downbeat and that continued into the u. S. Markets closing. The focus for investors was the downgrade of several regional banks. The banking index yesterday in the u. S. Finished the session down 1. 3 . China is confirming the country is experiencing deflation. We will talk out that later on the show. The mood as i said is more positive today. Up 9 10 of a percent. Lets get further insight on the breakdown. I want to start with the italian index. This after a extreme day of selling yesterday after the government decided to introdu
Limiting investment by American Companies in the chinese tech sector because of Serious National Security risks. It would require us firms to disclose investments in sensitive areas such as Artificial Intelligence and ban some investment altogether. Beijing has reacted angrily saying it is gravely concerned about the order. A spokesperson for the Chinese Embassy in washington says the curbs seriously undermine the interests of chinese and American Companies and investors. Republicans have said they do not go far enough. This is a new front in the tech war between two global superpowers, the restrictions prevent American Private equity and Venture Capital firms from investing in high tech sectors investing in high tech sectors in china, such as quantum computing, Artificial Intelligence and advanced semiconductors. The goal is to stop us capital in know how speeding up the development of technologies that could help china develop weapons for use against america in a military conflict. I
Theyve got a very short period of time to evacuate. Things are escalating. Absolutely. What does america need to be doing right now. Here what he just said, though. They have time on the other side of the border to leave. The israelis, jewish brothers and sisters did not have that same luxury. They were not given time. The attack was instant. It was deadly. It was uncalled for. Undeniably it was evil. Evil. I am a big fan of psalms 1226 it says pray for the peace of jerusalem. I amm also a fan that talks abot the wrath of god. I hope hamas is wiped off the face of the earth. I met just last week. Meeting with the ambassador of israel. A proportional response is to wipe them off the face of the earth. I really like that response. They said that they have the resources, weaponry and the manpower that called up 360,000 reservists. They have what they need because we have been investing in them for more than 10 years. About 35 billion. The iron dome sophisticated Missile Defense system. Wh