Accusations police in the philippines are committing rights abuses as they enforce strict coronavirus measures. And charities education the district take children at risk of Domestic Violence and abuse during lockdown restrictions. More lives have now been lost to the coronavirus pandemic on u. S. Soil than all of the americans killed during the vietnam war a tally by Johns Hopkins University Shows more than 58300 people have died and more than 1000000 people have been infected cabral and is under reports from new york the epicenter of the u. S. Outbreak. Courtney to fly over by u. S. Air force and navy planes over new york city a display of gratitude for Health Care Workers and 1st responders here in what is the epicenter of the u. S. Krone by risk crisis a crisis that has put more than 20000000 americans out of work in only one month and at one point had more than 300000000 americans under stay at home orders transfer. Forming even the busiest cities like new york in 2 ghost towns th
And miles persecution of muslims likening it to genocide well talk live to un special rapporteur young elite. Down. The giant asteroid is hurtling past earth. Strong in most. Sports including more doubts around the Tokyo Olympics is japans Prime Minister says it will be impossible to host the games next year unless the coronavirus is contained. For weeks planes have been grounded ships docked and factories closed around the world all an effort to counter the coronavirus pandemic well now the impact on the Global Economy is becoming clearer as Companies Start reporting their 1st Quarter Results the Aviation Industry for example its reeling and is expected now to take years to recover British Airways for example cutting over a quarter of its. And ab os when its posted a loss of half a 1000000000. 00 its all led to a worldwide collapse in the demand for oil and its price its now a surplus and no way to store its major exporters like saudi arabia and venezuela are feeling the crunch the ki
A currency crash pushes the qana me to the brink. And along with Everything Else going on a giant asteroid is due to herschel to earth in the next few hours. The economic effects of the pandemic are being felt in many sectors of the Global Economy right now but aviation and oil in particular ahead in the biggest player after already announcing it would cut production by a 3rd and that the company was bleeding cash at an unprecedented speed and us has posted a 1st quarter loss of half a 1000000000. 00 the chief executive of the European Aerospace company is warning it is quote the greatest crisis the industry has ever known its us rival boeings already announced plans to cut as many as 7000. 00 jobs with its chief executive predicting Global Airline revenues could drop over 300000000000 dollars this year and. The industry will take years to recover and in the u. K. British airways is set to cut up to 12000. 00 jobs which is around a 3rd of its workforce airlines suspended 96 percent of
Tonight. We have got guy adami and we have tim seymour and steve grasso and brinmar trust jeff mills. Guy, were up 770 points on the dow and we have oil spiking, as well and banks participated and a lot of different sectors participated in this mini run or mini rally and whatever you want to call it is it because of fed help . Is it because some of these coronavirus numbers came down, giving us a reason for optimism or was it Something Else yeah. Typically its all of the above and ill have to reposition my camera in a second and i apologize if the shot is lose pep yesterday made sense to me in the way the market traded up and failed at the levels that we talked about it didnt make sense to me, but to your point, i think the howard marx article helped and the fact that Bernie Sanders dropped out helped and i think the dr. Fauci comments helped and its an amalgamation of a lot of things that are positive and i understand the reasons for optimism my concern is even with the market current
Drug that meant people werent dying of this. In the study, only two people died no placebo up against the remdesivir they were using these are early results but promising signs of hope. The dow futures indicated up by about 700 points if we continue like this, that would put the dow in positive t territory. S p indicated up about 75 points and the nasdaq indicated up by about 177. Lets look at the treasury market yesterday, those yields for the 10year were under a little pressure they had come back down even more we were talking about under 0. 7 looking now at the 10year treasury, you will see on this friday, last trading day of the week, the 10year is yielding 0. 64 . Looking at oil and the shut down of Oil Production and cuts of the number of barrels being produced a day around the globe, you did see prices come back down it is not enough to keep up with the dropping demand. Watching that too. This morning, wti is down to 18. 61 a barrel well be talking markets, potential medical bre