From going on to larger trials and theyre currently working on hop a longer more and deadlier pandemic. Also coming up tonight teachers in south africa say their schools are becoming breeding grounds for the coronavirus and they blame corruption that they say existed before their students were even born theres no follow up theres no need to for their wicked that is bad in our institutions. To give people to go there to do it their way can bend as no one call comes the off that wants to change the way that everything was done according to their. Viewers on p. B. S. In the United States and all around the world welcome we begin the day with what could be the twilight of transparency in americas battle against the coronavirus on. Newsday the u. S. Reported 67000. 00 new cases of the virus thats the highest daily figure yet the death toll in the country is moving towards 140006. 00 hospitals in Miami Florida are now filled to the brim with coated 1000 patients of these are statistics that
And the u. S. Outweigh recent stimulus gains. It share in hong kong. Lift after the exchange relaxes rules around chinese companies. Shery lets get started with a quick check of the markets this is as stocks have fluctuated with gains. Lower we havedow losses led by energy and to wait a, continuing rise in coronavirus. Markets were also under pressure after reports of President Trump and chinas xi jinping for reelection helped, according to National Security advisor john bolton. We did have the nasdaq composite gaining. 2 . Three quarters is trading above the 200 Day Moving Average so we continued to see strength for those big tech companies. We are seeing wti trading below 30 a barrel and we have seen pressure in the new york session after reporting crude stockpiles reached another. Lets show how things are shaping up for asian market. Asian stocks are set for a mixed session with a lot of groups at the open. Qe stocks opened lower. Gains, due in 45 minutes time. A contraction is expe
Halston, 12. 5 . San miguel withdrew its tender officer for the company as the timeline ran out. Ayala down. 31 . The overall composite half a percent higher. Lets move things along and get to new york and look at some of the first word news. Global Coronavirus Infections continue to rise and now top 4 million with jess at about 280,000. The u. S. Has by far the most cases and fatalities with 1. 3 Million People infected and almost 79,000 having died. The virus was first reported in china and beijing has confirmed about 83,000 cases with just over 4600 fatalities. Saudi arabia says it is planning to cut spending and triple vat to 15 as it looks to offset the impact of the virus. The finance minister says the pandemic combined with Falling Oil Prices has cut revenue input and president and pressure on the public purse. The kingdom reported its biggest surge of new cases sunday, rising to almost 39,000 confirmed infections. To apply more powerful stimulus. The pboc were released a quarte
Deal and its official the u. S. And china have their phase one trade deal but this is just the beginning of law a long negotiation process theres a lot to break down here and were excited to have Richard Wolfe both of economic update on here to help us cut through the slopes and dig through the details. And while we have seen a breakthrough on the play front the tension is still present in the tech sector and the race but we take a look at the latest battleground in the telecom fight taking place in the United Kingdom so much to get to and sell little time lets go. Despite this touted as a quote a landmark signing of phase one between president and vice premier and they all the markets are still on enthused phase one has pretty much been priced into the market already so if anything additional detail starts to take the steam out of the rally and it came of the surprise that existing u. S. Tariffs on chinese goods will stay in place even after the deal is signed bloomberg reports that t
A long negotiation process theres a lot to break down here and were excited to have Richard Wolfe both of economic up on here to help us cut through the slopes and dig through the details. And while we have seen a breakthrough on the prey front the tension is still present in the tech sector and the race. We take a look at the latest battleground in the fight taking place in the United Kingdom so much to get to and sell a little time lets go. Despite this touted as a quote a landmark signing of phase one between president and vice premier li all the markets are still an interest phase one has pretty much been priced into the market already so if anything additional detail starts to take the steam out of the rally and it came of the surprise that existing u. S. Tariffs on chinese goods will stay in place even appy the deal is signed bloomberg reports that the 2 sides have an understanding that no sooner than 10 months but u. S. Will review the progress and potentially. Additional terrac