Two million for the nante straight week. And the fed could hold further guidance until the fall. B. O. J. Upped the board for Small Businesses. The question you may be asking yourself in the market today is where the focus will shift in todays session from reopening to escalation. Hong kong very much the focus over the abandonment of the growth target for this year which was widely anticipate. The central bank that we learned overnight is india unexpectedly cutting rates with g. D. P. Set to shrink. We had that note from goldman talking about the worst recession ever in the Second Quarter for india. Weve got a 40basispoint rate cut to 4 from india today. Little bit of weakness in the rupee. In terms of the broader market, youre seeing the hang seng lead those losses in asia there is red on the screen across asian markets. Also u. S. And european futures pointing to a lower open. A clear risk coming through today. The 10year treasury yield drops by three basis points toward the 64 and o
This is boom bust the one business show you cant afford to miss. In washington coming up its thursday and unemployment numbers are in from last week and theyre not getting any better theyre nearing rates we havent seen since the Great Depression minutes from last months Federal Reserve meeting show there is more concern about the long Term Economic recovery we spoke with former u. S. Representative dr ron paul to get his take we have a pop show today so lets go and dive right in. The Global Pandemic surpassed 5000000 new cases as a lot in america surpassed several countries in europe cases in brazil are still surging the country recorded nearly 20000 new cases its biggest single day spike it could soon have the 2nd highest number of cases in the world its thursday and unemployment numbers are in from last weekends to. On the rise all nearly all 50 states have at least partially reopen and still 2400000. 00 more americans filed for unemployment just last week that brings the 9 week tota
This is boom bust the one business show you cant afford to miss. In washington coming up its thursday and unemployment numbers are in from last week and theyre not getting any better theyre nearing rates we havent seen since the Great Depression minutes from last months Federal Reserve meeting show there is more concern about the long Term Economic recovery we spoke with former u. S. Representative dr ron paul to get his take we have a pop show today so lets go and dive right in. The Global Pandemic surpassed by 1000000 new cases as a lot in america surpassed several countries in europe cases in brazil are still surging the country recorded nearly 20000 new cases its biggest single day spike could soon have the 2nd highest number of cases in the world its thursday and. Employment numbers are in from last week and still on the rise all nearly all 50 states have at least partially reopen and still 2400000 more americans filed for unemployment just last week that brings the 9 week total j
Down more than 1 earlier on. We have a weakening offshore yuan, which is notable, because it had been strengthening. Brands, the best performer, surprisingly in the s p 500. It is closing 23 of victorias secret stores. Automobiles doing well today. Lets get a deeper dive into todays market action. Standing by we have taylor riggs. Taylor mostly risk off tone, bonds catching a bid. Gold is slightly weaker, but yesterday was higher. You also have the south african relative to aning weaker dollar, after the Central Bank Cut its key rate less than most. Also playing is crude, up for six straight sessions. You are seeing some of this go back to fundamentals. Prices had gotten so low, demand is starting to come back. Continuing to trade above 33 a barrel or the second straight session. It is the highest now going back to march 11, before the lockout started. Taking a look at the individual stocks, you mentioned l brands. They will try to split up victorias secret and that embody works. Bath
The Global Pandemic surpassed 5000000 new cases as a lot in america surpassed several countries in europe cases in brazil are still surging the country recorded nearly 20000 new cases its biggest single day spike it could soon have the 2nd highest number of cases in the world its thursday and unemployment numbers are in from last week and still on the rise will nearly all 50 states have at least partially reopen and still 2400000 more americans filed for unemployment just last week that brings the 9 week total jobless claims to more than 38000000. 00 analysts are even expecting even worse numbers for the month of april now russia still seeing its cases surged deputy Prime Minister a top 10 are goalie cova reported the countrys Unemployment Rate has risen by 30 percent since the start of covert 19 the pandemic is expected to wipe out 20 percent of russians disposable income in the 2nd quarter of 2020 well the World Health Organization reported the world record in newly reported cases wo