Is actually the. Solution is for those that dont have to where. They should not an option for billions of people around the world. Coming from the russian capital base international my names you know mail in 30 minutes of news and views. Well here is where we are in the numbers as we enter a new week its is 4 months since the 1st infections began to cause concern to run the world. More than 1800000 cases have been logged in over 116000 people died another important figure though over in the corner the number of people known to have recovered from kobe 1000 know its over 434000. Lets focus on new york 1st the worst affected states in the worlds most affected country the governor of new york is planning to launch a fund to support medics but theres skepticism from unions who blame him for budget cuts which they say have squeeze resources left the middle of quip to deal with the pound demick with more and similar struggles elsewhere globally here is our Senior Correspondent in iraq gusti
Works ceo will be joining him along with other content and we are out of time, from myself and tyler matheson, mike santoli has you on the other side. Stocks surge as Congress Says that help is on the way when thats still the question. Good evening and welcome to cnbcs continued coverage of markets and the economy in turmoil. I am brian sullivan. In a year of firsts it was another recordbreaking day on wall street. The dow soaring 2,112 points, thats its biggest point gain ever and the first time the index has risen more than 2,000. That move translates into an 11. 37 gain making it the largest climb and the biggest since 1933 on this as they close on a massive package for the American People that could be in the trillions of dollars and well have much more on that coming up and first, lets get to the markets and the money on another wild and record breaking day on wall street we begin with bill nygree in. We need to hear from you on a night like this. These are the machines coming in
Prone to gaffes. In congress, no agreement on how to respond to the virus. The latest proposals, a payroll tax holiday for the rest of the year. In other words, your Social Security contribution, suspended. Another one, extend the april 15th tax deadline. However, congress had better get on with it. A oneweek recess starts friday. The market, not happy with any of this. Stocks will be down at the opening bell. You kind of get seasick watching it all. Down 2,000 monday, up 1100 tuesday, this morning we will open about 800 points to the downside. Similar losses for the s p and nasdaq. The virus, there are now just over 1,000 cases in the United States. Draconian action in new rochelle, new york, where the National Guard has been called out to help with a cluster of cases in that town. Seattle has restrictions on large gatherings. The first lawsuits have appeared, a cruise line sued. And just look at this. Students at the university of dayton rioted last night after the authorities announ
Concern. In an exclusive interview, fetal ceo says things will get worse before they get better. The expectations of how long the virus might last and its longlasting impact, people have probably been reducing their worstcase scenarios over that period of time. Is said toredit ceo emerge as a leading contender for the top job at hsbc. Could another European Banking head be about to jump ship . Lets take a look just under an hour away from the start of cac equity trading at futures this morning. Down across the board, no matter where you look. Red arrows there. They are pretty solid. 0. 5 down on deck futures. 0. 5 drop. S, also almostfutures down 0. 66 . Gmm. A look at the that will show you quite clearly that we had big losses in equities and asia overnight. We continue to see some of those equity indices fall. Hsi. Kong down 1 on the if you look at the bonds, if we go to the next column you will see that investors are buying bonds and that really weighs on the yield. The trend is ris
A photo closely watched by beijing. In a dramatic about turn iran has now admitted shooting down a ukrainian airliner describing it as a disastrous mistake 176 people were killed when the plane crashed on wednesday a commander with the revolutionary guard amir ali apologized to the nation and accepted full responsibility he says the plane was brought down by a short range missile soon after takeoff from tehran it was the same night iran launched missiles at the rocky bases housing u. S. Troops. As a lot of. Those in our Aviation Services who were denying responsibility they were saying this based on their findings and i repeat they are not to blame it is us who are to blame the plane was on its way it did not have any error or mistake everyone worked very well efficiently it was us who made a mistake and we are responsible we should accept responsibility and accountability this was a very small missile and thats why the plane had the time to sort of land and to crash it did not explode