Secretary talks to cnbc moments ago. Shares of Morgan Stanley are slightly lower, it would appear, ahead of the open. The bank topped revenue estimates by a billion on what was stronger than expected trading revenues and ev price war elon musk cutting the cost of teslas model s for a second time in one week, carl meantime, guys, got to take stock of this selloff here in the premarket, jim general take this morning is that the market is now catching up to what we know has been a problem in europe, and these lockdown restrictions in the uk and france are getting more serious. Dollar strengthening, some believe, because the situation here is at least better than europe on a relative basis. I think were importing their negative ty. I dont think it is going to last you cant make any moves to the positive until about 11 00 when you start seeing their markets peter out. It is one thing, it is very frightening when you read what is going on there. It is obvious it is a second wave it seems mor
Waters off nourishes where a strap the strand of oil tanker has broken in through the ask a maritime expert to assess the impact. Thanks. Im Rebecca Ritters welcome to the program hong kong may be a time when jimmy lai has denied colluding with foreign governments he made the statement after being released from prison on bail why was arrested last monday under a new security law imposed by beijing during an interview with dave w. He said he expected resistance to china would continue in hong kong. Venturing campaigner jimmy lie has been detained many times but this was the 1st time he was taken away in handcuffs litel g w that although he expected his arrest. He was surprised that it came so soon and that his sons were also targeted. This time the edge so maybe because they have this so cheesy i was actually shocked and that makes it more scary especially when when when they take your tram me it was what you do i think this is a very effective intimidation to the community. And i says
Our african country staying ahead of the coronavirus the continent has some of the worlds lowest infection and death rates but always getting the whole picture of whats really happening this is inside story. Hello welcome to the program and its. When covert 19 started to spread around the world aid workers warned of disaster for africa fearing for weak and poorly funded Health Systems in many places and crowded cities making social distancing impossible but african countries appear to be managing data from Johns Hopkins University Shows relatively few cases in Subsaharan Africa compared to the hot spots in the United States europe and latin america just under 4000 african deaths so far and 130000 infections senegal has one of the worlds highest recovery rates research is there a trial in a testing kit that can return results in 10 minutes and costs just under a dollar in ghana the World Health Organization is looking into an approach called pool Testing Health workers analyzed multiple
One spirit too many initially gave only from the response. To a new commission chief slams Member States for not showing solidarity as the coronavirus moves through the continent. Down to berlin Basketball Club terms of mentor film studio pro athletes are keeping kids active during unself isolation. And the only phenomenon welcome the United States now has more registered cases of covert 19 than any other country surpassing even china 85000 people in the u. S. Have contracted the virus and more than a thousands have have died a crisis has hit the American Economy heart fueling record searched. In unemployment. Meanwhile the countrys largest city new york is struggling to cope. These are desperate days in new york with more than 3 and a half 1000 new cases in the last day alone medical facilities a critically overstretched a long line of worried people wait outside this hospital in the borough of queens just to be tested for the virus. Almost any scenario that is realistic will overwhel
The dow down 879. Combine with more than a thousand point loss of yesterday, it is drop of over 1900, this steepest two day drop of dow has seen in history. This is significant, also remember, dow less than 500 points from correction territory that is down about 10 from the highs, we saw a big flight to safety today, continued one, which is also a red flag, yield on 1 10year note a little bit higher than 1. 3 , also hitting record lows, now latest coronavirus numbers is what is spooking the market. In china more than 77,000 cases, in italy 322 in iran 95. And that spread outside that took investors off guard. This selling all on the back of more concerns that you could see the spread come to the United States today cdc warning it is not a matter of if, but when the virus hits the states, and how many people will contract a severe illness. You had hhs secretary weighing in on that. There is now Community Transmission in a number of countries including outside of asia. That is concerning