The last 20 minutes or so. Nasdaq is down 33 and 3 quarters. Now these numbers coming after signs of the spread to have virus stabilized in hot spots. That led to strong rally yesterday. Here at the close yesterday, the dow gaining and s p entering bull market. U. S. Death toll topping 14,080 but there are signs that the spread is slowing in hot spots. The cdc issued guidelines to get to workers. The Trump Administration requesting 250 billion, democrats want additional 50 billion. Fed chair jay powell will be giving us an update on the economy and actions taken to combat the impact of the virus, thats today 10 00 a. M. Eastern time. More to expect from the fed. The today is a big day for oil. We are watching the contract right now. Its up almost 5 and a half percent. The investors are watching the opec meeting including saudi arabia and russia, can they come to an agreement . All rising on hopes of a deal to cut production and bring an end to the costly priced war. And then there was
good afternoon. the bbc has cancelled two of its football shows, football focus and final score, after a number of presenters and pundits refused to take part, as controversy continues over the corporation s decision to take gary lineker off match of the day. the presenter will not be hosting the programme tonight after criticising the government s language about migrants on social media. former bbc director general greg dyke said the corporation had made a mistake and undermined its own credibility. last night the bbc said that gary lineker would be stepping back until there is an agreed and clear position on his use of social media. our media correspondent david sillito reports. when gary lineker left home this morning, it wasn t his normal saturday schedule. morning, it wasn t his normal saturday schedule. morning, it wasn t his normal saturda schedule. . ., ., , saturday schedule. have you had any discussions. saturday schedule. have you had any discussions. the satu
About how they fit everything in and in the sport this morning. Were leeds. Make it to the championship play off final. They thrashed norwich four nil and theyll take on the winners of southampton versus West Bromwich albion who play tonight. Tyson fury wouldnt look at Oleksandr Usyk in the eye yesterday ahead of their world title fights. This is how world title fights. This is how intimidating you can be and who is the richest person in sport. Well find out later. Good morning. Its going to be a warmer day for most of us today, but there is a risk of thunderstorms for some. Find out all the details with me a little later on. Good morning to you. Im Ellie Costello and im tom harwood this morning, although im tom harwood every morning. Every morning. But im here this morning. This is breakfast on gb news. On gb news. Well, welcome tom harwood this morning. Its a delight to be here. A slightly earlier alarm than usual, but you know what. 7 its all worth it. What time did you wake up. 7 3
We are about 30 minutes out from the open in china and hong kong. Very interesting couple of days to come. We are keenly watching the u. S. Inflation report. Disappoints if cpi to a market that has been awkwardly repricing. Were also passing these comments from jay powell is saying that nothing has changed. Also a reminder, the last trading day for mainland markets before they shut down for the oneweek holiday. The last trading day of the year of the rooster. A modest recovery story playing out a link the lead from wall street. David, it is a busy day in terms of investors passing the data. David there is a lot of data coming through. As you alluded to, there is an Inflation Report that we are stuck between that. We are waiting to exhale or to gasp. Yes, you are getting gains but they are capped. Across the getting likes of gold, the dollar is back below one. 08. 1. 08. That is essentially a picture across the region. Little higher on the regional benchmark. We have malaysia gdp still
Daybreak asia coming asia. It is after 7 00 here in new york. We are fresh off of those revised gdp numbers coming out of japan. As sometellar economists would have expected. Up 0. 3 quarter over quarter. Hading what economists expected, 1. 5 for the fourth quarter. It was amiss for that. The biggest driver they were talking about was capital spending. That was just 3. 5 percent. It swung into positive territory. We can see a little less optimism here. That gdp deflator, three straight quarters in negative territory. We continue to see the negative territory. Looks a little murky for japan. Lets go to the market. A final reading, big changes were not expected. When it comes to the Growth Outlook we see the yen strengthening. Those gdp numbers came in below estimate. The surplus narrowed to the smallest in 2. 5 years, a slight concern for trade. Take a look at the reaction in tokyo. Lets look at what is going on with the nikkei 225. Japanese stocks dropping 1 10 of 1 , a drop for a four