Worst Nuclear Accident causing pollution levels to soar war in ukraine. The air. Thank you very much for joining us in many ways theyve been the forgotten victims of the coronavirus pandemic but now the impact of the outbreak on elderly People Living in camps is becoming fully apparent and is fears many deaths is still going on reported a survey in new york state has found 90 Nursing Homes reported 20 or more deaths in recent weeks but the report only included a fraction of facilities in the states where the figure is believed to be in the thousands and much higher nationally in canada a nursing home near montreal is under investigation after 31. 00 deaths were in ca uncovered that authorities found other residents in and fed in their beds after some staff fled the facility in the u. K. Many deaths in care homes arent included in official figures its estimated they could be as high as 7500. 00 Health Workers if they did for more protective equipment to keep themselves and residents saf
Consumerfacing businesses and both are on the move in the afterhours session and we have Team Coverage to break down both of these reports and lets kick things off with csx with the call now under way and lets get to Frank Holland with the details. Melissa, shares of csx up, and something weve seen in a number of other companies and one of its competitors, union pacific. On that call the ceo says production demand was too hard to forecast in this covid19 environment. Also during the call the cfo kevin boone said the Company Raised 500 million in debt and the Company Believes it is in position for a potential recovery and maintaining a strong cash reserve. Our Liquidity Position is extremely strong with nearly 2. 5 billion of cash and shortterm investments at the end of march this represents multiples of what we would consider normal, targeted cash levels cash may be strong, but volumes are weaker year over year to start q2 its been seen in the three weeks since the First Quarter ended
Your interview with her. It will be fascinating to hear what she has to say. David theres a lot of talk already in washington about the next one, number four. How long before we see congress back together again to act on anything . Kevin i asked that to congressman french hill, and he gave me the timetable of 60 days. He said he wants to see in the conversations they want to see happen to see how this stimulus, which is 10 of gross domestic product, see how this stimulus impacts americans, and also to get an update on the Health Care Concerns of this, to see within the next two months whether america can get around this virus and be able to bring it into place. From his Vantage Point and other conversations that i had yesterday, sometime in the next two months, potentially some more wiggle room for financial institutions. That could be the next piece of this. But a bit too premature at this point to predict out. Guy fair enough. Thanks so much to kevin cirilli, our chief washington cor
No limit, the ecb unveils a 750 billion euro bond buying plan to sue the markets. Christine lagarde throws the full weight of the central bank behind the single currency. The greenback becomes the haven of choice as u. S. Futures selloff again. Liquidity evaporates in the fx markets on fears of a lockdown in london. Stimulus from every angle, global fiscal support soars to trillions of dollars. I count almost 4 trillion of support. The rba cuts rates. Until the one hour start of cash equity trading in europe, and it looks like the wheels are starting to turn in little more risk on. Futures in europe are higher, they were lower minutes ago. Coming back as we see asian markets closed. S p futures still down 1. 6 , nowhere near the limit they bounced off of earlier. U. S. Futures also showing smaller losses than previously, as all this stimulus comes out. We are hearing talk of one trillion from the u. S. , 800 billion from the ecb. It adds up to about 4 trillion from Central Banks and go
And strikes across france. Unions are stepping up their battle against proposed Pension Reforms this is now in the largest industrial action that france has seen in decades and from breaks it to the next it is rocking the British Royal family britains prince harry and meghan announcing theyll step back from royal duties but it seems they forgot to tell the queen will take a look at the royal fall well. Im burnt off to our viewers on p. B. S. In the United States and all around the world well tonight in just the last few minutes the canadian Prime Minister has echoed u. S. Reports that intelligence sources indicate iran likely shot down that Ukrainian International Airlines Plane which crashed on wednesday the plane was on its way from the iranian capital tehran to the ukrainian capital key unnamed u. S. Officials have told the u. S. Media that and raney an air Defense Systems may have accidentally shot down the plane ukraine has asked western nations to provide any evidence intelligenc