Im grant lotus and im Vicki Liviakis that officer derek shop and. Whose knee was on George Floyds neck has been fired. And is now facing charges. This is his mug shot. Here in the bay area anger and frustration with floyds death has reached a fever pitch with local protests, turning violent. One San Jose Police officer was hurt as you can see there a group of nearly 100 people stormed highway one oh one in san jose shutting down traffic across all lanes as we mentioned 8. 80 in oakland is shutdown kron fours also the money and live in our newsroom. With the latest on the protests l a. Theyre granted vicki so frustration of course has increased here in the bay areas well thousands of miles away from minneapolis and although were seeing these images of damage and violence we also do not want to lose sight as to the message here. Unfortunately, the demonstration though in san jose started out peaceful and then quickly escalated to what you saw there an officer knocked down lying beside a
Time for todays market moving news from our washington and new york bureaus. President trump is pushing to reopen the economy, even if it leads to more deaths. Speaking in arizona in his first trip outside washington more than a month, the president is preparing for phase two of the u. S. Response to the coronavirus. Pres. Trump the people arent going to accept it. They wont accept it, and we shouldnt accept it. We have a great country. We cant keep it closed. Ive had doctors say, why dont we close it for a couple of years . This is the United States of america. Will some people be affected badly . Yes, but we have to get our country open, and we have to get it open soon. Alix Kevin Cirilli joins us with more. Good morning, kevin. Kevin good morning. The president returns from that trip to arizona, really signaling that he is going to be taking his message of reopening the economy back on the campaign trail in arizona, where polls have him trailing joe biden anywhere from 4 to 6 . Clea
Matt stocks and freefall. The s p 500 sees its worst session since 2011 and the fastest stock Market Correction ever. 5 trillion in Global Market cap are erased in a week. Virus fears intensify. Cases and south korea to knock 2000 cases in south korea top 2000. Jp morgan joints citigroup and Goldman Sachs in slashing estimates for u. S. Companies, and crude slumps. Oil set for its worst week since 20 11 as well as opecs secretarygeneral says there is a renewed commitment for joint action. A report says saudi arabia wants producers to agree on additional cuts of one Million Barrels a day. Just under an hour away from what could be a bloody day of trading. Futures that i looked at were the worst since at least 2016 on the stoxx 600. Anna good morning. Is this what fear looks like . Markets down by more than 4 . You will see how much scary looking red there is on that screen. Futures in europe down by more than 4 on the cac, as you can see, and expect them to see significant losses. U. S.
Joint action. Saudi arabia wants producers to agree on additional cuts of one Million Barrels per day. Nejra what a wipe out on wall street. We will get to that in a moment, but first, breaking headlines coming through. We are still in earnings season. Basf sees significant first half Coronavirus Impacts on the Global Economy, and it sees 2020 point 2 ebit of four billion euros to 4. 8 billion euros versus 4. 5 billion euros in 2018. Those are the two red headlines. They are saying they do not expect the virus effect to be fully offset over the years, so some important headlines coming through on the impact of coronavirus. Elsewhere in the numbers, it is proposing a full year Dividend Per Share meeting the highest estimate, but it sees a significant first half Coronavirus Impact on the Global Economy, bracing for a possible profit drop on coronavirus but also the slump in autos. That is the main takeaway here, adding to industrial gloom by adding to the profit drop due to the impact of
Plus, gunfire erupts at a flea market in texas. Several victims rushed to the hospital. Breaking his silence one week after this horrifying crash, nascar driver ryan newman reveals his injuries and his hope for the future. And a dream come true. We hear from the 42yearold zamboni driver who got the chance of a lifetime, getting called into the game, helping his team win and what he said when he was called into action. Good monday morning, everyone. Thank you for joining us. We do begin with concerns about the new coronavirus reaching new levels. The outbreak is spreading in more countries including italy where several events and a famous festival have been canceled. Meanwhile here at home, authorities in one state have successfully fought a plan to house patients at a local facility. All this is spreading to the financial markets, but some analysts saying this Health Emergency could have a longterm impact on the global economy. Reporter overnight, President Trump confirming that americ