Rise as the fallout cripples the global economy. Avoid itsbe forced to growth targets for the year. Shery lets get a quick check of the markets. We are seeing u. S. Futures rising a 10th of 1 . This after u. S. Stocks fell for the first time in three days. We have a mixed corporate bag of earnings. Not to mention worsening economic data. U. S. Companies cutting a record 20. 2 million jobs in april. Tone comingsk off from increased coronavirus cases and deaths in italy and new york. 10 year yield at the highest level in three weeks. The u. S. Has increased the amount of debt plans to issue in quarterly refunding options. We have the s p 500 falling 7 10 of 1 . Utilities and Energy Leading the decline. Lets take a look at what oil is doing. It is rebounding. 2 . Er than higher by this after snapping a five day rally on supply glut. Saw data showing u. S. Gasoline demand is steadily recovery. Lets turn to our top story, the war of words between china and the u. S. Intensify yet again with
Coronavirus cases continue to rise as the fallout cripples the Global Economy. China may be forced to abandon growth targets for the year. We are just getting some news crossing the bloomberg when it comes to expectations for summer earnings out of we are expecting a pretty down quarterly in terms of the impact for the asiapacific. We will be bringing those to you shortly but in the meantime, we have data out of south korea. Shery we are getting the current account numbers for south korea for the month of march. Current account surplus coming in at 6. 2 3,000,000,000 fine 6. 23 billion dollars. The current account surplus narrowing a little bit from the previous month of february. Also, the month of february being revised lower to 6. 4 billion. The goods trade balance coming in at 7 billion. The surplus was a little larger than the previous month. Given that we do have the coronavirus pandemic and april export numbers really taking a hit, the march current account numbers not looking t
With more. Well, john, ahead of tonights debates, both facebook and twitter are making changes and announcing Different Things that they are doing to show that they are unbiased and they also want to be tools for civil discourse and valuable information, not for the spread of fake news now, twitter will be broadcasting the debates in english and spn aish with tools to make those live streams easier to find twitter is enacting new more stringent rules to enforce what they call healthy election conversation explicitly prohibiting manipulating or interfering in elections, including efforts to suppress voter turnout cracking down on spam as we twitter will regular lu disclose efforts to manipulate the platform and political and issue ads will be explicitly identified to you a void accusations of bias, both twitter and facebooks policy teams have been in touch with the dnc, rn, and all Campaign Teams Facebook Says those organizations can reach out it to identify suspicious behavior which it
Yesterday, but again we were talking about Massive Gains not just through the month of july but year to date as well well continue to keep an eye on this if youre watching treasury yields, this is where you would anticipate seeing moves if there were a downgrade if people were afraid of rushing into this. But it turns out u. S. Treasuries are still a safe haven and why the yields are still a bit lower. The 2year note trading at 4. 86 . Of course, all that related to what were seeing. Talk about the downgrade because it is our top story. Theyre citing what theyre calling an erosion of governance Emily Wilkins joining us now good morning to you. Good morning, andrew. Yes, shocking news yesterday at least for some of those in the Biden Administration seeing that downgrade in the u. S. Credit ratings from a aaa to a aplus this is only the second time the u. S. Credit rating has been downgraded like this treasury secretary janet yellen is quickly depending the Biden Administration she says
District council, the tech policy summit with live coverage. That event is already an progress and just got avoid tn social media where we did nothing for 25 years. The good news is Speaker Mccarthy to together a task force to do this. The good news is that speaker johnson and checking jeffreys ours putting together the Informal Working Group soon. Theyre trying to get some major ai bells done this year. Among them are the create the ai acts. Even some people like ibm do not have enough resources to compete with the huge databases of openai, of google, microsoft. We need databases that are available to businesses, researchers. This creates a large database, probably not as large as if you scrub up 6 trillion words, maybe 40 of them are not true. There will be all kinds of stuff about nazis and qanon theories. The idea and a Community Dataset is you let scientists of a curated data set is you let scientists build them for us. Another basic part of ai safety is the notion of not allowing