Was nasdaq and s p 500 down almost 3 . Add boycott slit sit Major Companies pulling out of advertising dollars from social media giant is costing Company Millions anding to surngd pressure and down two and a a quarter percent right now. Boeing takes flight test of the 737 max begin this is week. The stock is up on the news this morning premarket up close to 3 and Federal Reserve Shopping List essential bank releasing name of companies that it is purchasing Corporate Bonds from. Including automakers, telecommunication companies, even beverage cocacola, plus china take more steps to plan down on hong kong frms and beijing says it will impose visa restriction on americans with what they call egregious conducts on Hong Kong Related issues. Mornings with maria is live right now. Global markets look like this european indices highser with the up a third of the percent and paris up about 16 points also a third of the and dax is higher than 34 points twothirds of one percent. In asia across th
The designation of this episode as a recession even if it turns out to be briefer than earlier contractions now economists generally define a recession as 2 consecutive quarter months of 2 consecutive quarters of Economic Contraction g. D. P. In the us has already fell by 5 percent in the 1st quarter of this year and the economy is expected to climb by a steeper margin in q 2 of 2020 lets get some expert analysis on this and and the state of the economy with todd morris chief strategist at the trading and cohost christiane who joins us from los angeles thank you both for being here today but i want to start with you now the n b e r declared that the u. S. Recession began officially in february now this marks the fastest the n b r has actually declared any recession is this a good thing as the faster the drop usually the faster the bounce back. From a back listen i put very little stuff. To what any account is really said because theyre not calling it until its already over and theyre s
Allowed to dock in italy since the pandemic began why aid groups are concerned many more will follow. A name change that tensions between china and japan in their dispute over uninhabited islands in the East China Sea. In sport a huge show of support for the African American racing driver who was the target of a racist nascar drivers pushing Bubba Wallaces car to the front of the field before mondays race in alabama. The current of us pandemic is accelerating across america south and southwest a dozen states reported record increases in new infections over the weekend as one rises in the number of people in hospital the u. S. Now accounts for 20 percent of new global cases while restrictions have been further reduced in new york states like florida and arizona are seeing infections rise brazils outbreak also continues to worsen and india has reported another daily record of new cases with more than 15000. 00 confirmed on monday on sunday the w. H. O. Warned that the pilot his eyes atio
President donald trump takes aim at a Left Wing Group involved in the protests outlining plans to declare and teeth a terrorist organization. And a test of wills police and National Guard on standby as curfews come into effect in cities in more than 20 states. Well theres an uneasy peace across the u. S. As protesters continue to make their feelings known about the death and Police Custody of an unarmed black man its provoked widespread anger but so far no repeat of violent demonstrations over the past days people have gathered again in minneapolis where this all started did announce the death of george floyd he was killed by a white Police Officer who knelt on his neck for almost 9 minutes last monday but the National Guard has now been mobilized in several states to help contain the violence nightly curfews have been imposed on theres already a heavy Police Presence on the streets of many major. Cities in washington d. C. Hundreds of gathered outside the white house President Trump h
Under the coronavirus pandemic is accelerating across america south and southwest a dozen states reported record increases in new infections over the weekend as well as rises in the number of people in hospital at the u. S. Now accounts for 20 percent of new global cases all restrictions have been further reduced in new york states like florida and arizona a seeing infections rise brazils outbreak also continues to worsen and india has reported another daily record of new cases with more than 15000. 00 confirmed on monday on sunday the w. H. O. Warned that the partys size ation of the crisis is just as dangerous as the virus itself rob reynolds reports from the situation in the us. There are 29 u. S. States and territories that are experiencing spiking numbers of positive corona virus cases the situation here where i am in Los Angeles County is definitely one of the hot spots now the governor of california gavin newsom held a briefing a short while ago he had some pretty. Sobering stat