Program germany has posted the most corona virus infections in a day and with infections sharply rising in other countries as well Financial Markets are getting the jitters again amid fears of tighter restrictions european shares sank to near 2 week low on thursday driving the sell off across europe and asia are coronavirus concerns germany reported daily infection rate. On thursday hong kongs hang seng index tumbled over 2 percent shanghai and tokyo shares also fell. Lets cross over to our markets correspondent Chelsea Delaney in frankfurt chelsea a record 6638 new infections in germany leaders are saying the 2nd wave will be big yet theres seems to be little optimism that can be stopped. This is all becoming very real for investors and for politicians and for citizens across europe weve seen over the past few weeks a lot of. A lot of optimism among investors we havent really seen big impacts on the stock market despite these rising number of cases but today it is really starting to s
1 it is not the fed. Its not the trade talks, its demand demand for money demand for homes, demand for processing, demand for cancer drugs and programming and demand for cell phones and demand for planes and of course perhaps most important, demand for stocks yet if you listen to most of the experts you here a lot of fury about ow the Global Economy has gotten weaker because the trade war has shut down international trade. I dont want to sugar coat anything the Global Economy has absolutely taken a hit yearoveryear and the tariffs are part of that but here is the thing. Many stocks were trading like were about to get an even more stringent round of tariffs and that didnt happen instead the president started negotiating with china and that allowed a host of flailing stocks to get their mojo back. The tariff made it strong that without the averages demand would have never made it this far. Let me walk you through the places where that demand is m t most palpable first there is demand for
The next hour of cnn this morning starts now. Good friday morning. We are watching Hurricane Hilary this morning, a powerful category 4 storm as it barrels towards the west coast. It is supposed to weaken. Thats good news, by the time it reaches the u. S. It is expected to bring heavy rain and maybe flooding to the southwest over the weekend, as we learn fema is running out of money for Disaster Relief after an historic year of disasters. One of Donald Trumps close allies and codefendants was at the Capitol On January 6th with Conspiracisy Theorist alex jones. President biden about to hold summit at camp david to figure out how to counter the looming threat from china and north korea. National Security Council Spokesman John Kirby will join us live to preview this highstakes meeting. This hour of cnn this morning starts right now. Developing this morning, Hurricane Hilary a category 4 storm rapidly intensifying and on its way to the west coast. It is expected to weaken by the time it r
Welcome to cnn this morning. Its saturday, august 19th. Im amara walker. Im victor black well. Thank you for spending part of your morning with us. Were learning more about what is expected to happen when former President Donald Trump surrenders to officials in the Fulton County jail in georgia. How this will look different and how the Secret Service is prepared. This hoss we have suffered is unspeakable and devastating. We will continue to mourn as we care for the survivors and begin to move forward together. So much heartbreak as the death toll in maui continues to climb. As were getting a closer look at the scope of the damage, what the governor is saying about the Recovery Efforts and whether tourists should continue to visit. Hurricane hilary is closing in on the southwest with a years worth of rain. Weve got a look at areas the most at risk. I look on the bus and really our kid is the last kid on the bus. Willie wont be riding the bus anymore. A nationwide shortage is causing cha
Hello, everyone. Thank you so much for joining me. Im fredericka witfield. A Major Hurricane is barreling toward the southwestern u. S. Hurricane hilary has weakened to a category 3 as it hammers mexico with strong winds and high waves. Forecasters warn it could dump more than a years worth of rain across california, nevada and arizona in a short amount of time. The threat is so severe in the golden state that a Tropical Storm warning has been issued for the First Time Ever there. Cnn meteorologist Allison Chinchar is tracking the conditions. A years worth of rain in a short amount of time, how are they going to handle that . That is the big concern, because especially in the desert areas that ground is not able to absorb it very quickly, so a lot of it becomes runoff, leading to localized flash flooding. Sustained winds 125 Miles Per Hour gusting up to 155. Weve seen that Forward Movement pick up. Its starting to speed up. Thats important for the timing of a lot of the rain showers. W