The economy as early as next month. Almost 2 Million People have died worldwide. The imf and world bank prepare to meet amid the most down the worst downturn since the 1930s. The new reality of collapsed trade and mounting unemployment. Oily we are seeing reversing gains as much as a percent at one point in london. 25 , sames now down for wti. We had the reduction coming from opec and its allies are that would have been the sickest single largest in history. Goldman sachs but says it is insufficient. U. S. Futures gained at the open, reversing earlier prices. The nikkei futures also down 1 . We have markets closed on holidays including australia and new zealand. Global cases also affecting sentiment in the markets. Those cases rising towards 2 million with the United States the epicenter of you break after fatalities in the country surpassed italy. There are signs of optimism in the hotspots like new york. Lets bring in Sophie Kamaruddin with the latest. We have seen President Trump. A
The u. S. Enters a new week with the highest number of coronavirus doubts in the world. Administration is still trying to ease lockdown restrictions by may. The Top White House virus eight says infection levels are stabilizing. Some of the u. S. Could be open in the next month. The imf and world bank held meetings this week using digital remote software. The global lenders will facing new reality of mounting unemployment. Thecials have already said Global Economy is suffering its worst recession since the 1930s. India is set to extend its current 21 date lockdown to the end of the months to allow more time to evaluate the spread of the infection. The Prime Minister said the government has adequate supplies of medicine and protective gear for frontline workers, adding that the next four weeks will be critical. The virus is ad social emergency. In hong kongals are facing a pay cut. Announced new stimulus. The additional spending accounts for double the projected government budget. The ph
China is accused of faking virus data. And oil slumps yet again. President trump says he may intervene in the standoff between saudi arabia and russia. Taylor lets get a check on how u. S. Stocks ended the day. We opened up to the downside. Off by 4. 4 . The biggest selloff in two weeks. Really acrosstheboard. All of the defensive sector selling off. There was some concern for the market. Perhaps some optimism as the selloff on wednesday could reverse some of those if you think futures are up. I want to flip up the board because it has all been coming down to these oil markets. Haidi we are setting up for that negative start to trading in asia. We are looking at japanese and korean futures. Weakness here in sydney. Looking at the degree of the trading, down more than 3 . Watching out for the kiwi dollar and aussie dollar. Taylor a press conference is happening now. President trump is warning that malign actors will try to exploit the situation. Naval vesselsg and planes in the region.
Payment ahead of a vital eu summit next month. Now on bbc news all the latest Business News live from singapore. What does it take to keep their Competitive Airline up and running . We will find out from the man who was credited with turning qantas around. And the new chief of ericsson has his sights set on asia as the tech and Telecommunications Industry changes with the times. Good morning asia, hello world. It isa good morning asia, hello world. It is a wednesday. Thank you for joining us for another exciting edition of Asia Business report. We start off with australias flagship carrier qantas and the ceo alan joyce. Heres the highest paid Airline Chiefs in the Airline Asia Pacific region june. He Airline Chiefs in the Airline Asia Pacific regionjune. He has turned around the fall tunes of the airline through painful cost cutting and restructure. They are now investing in new routes, especially in asia. We spoke to mrjoyce in london about qantass ambitions in china and its eye water
Thusburg maryland book festival. Starting at 10 00 p. M. Eastern, not the cleaver family. At 10 35, Melvin Goodman author of whistleblower of the kraimt yts author Sharon Weinberger at 12 15 p. M. Discussion her book the imagine nears of war, the untold story of darpa, the Pentagon Agency that changed the world. At 1 0015 eastern, the decisive years, 1970 stoichl 1980. At 2 15 p. M. Sidney blumenthal, the political life of Abraham Lincoln 1849 to 1856. And at 3 15, a missing naval officer in the pacific and his familys quest to bring him home. Watch our live all day coverage of the book festival starting saturday at 10 00 a. M. Eastern on cspan 2s book tv. Next, the Inspector General for the Transportation Department gives an update on the federal aviation administrations nextgen projects to modernize and change to a satellitebased air Traffic Control system. Other topics include whether the air Traffic Control system should be partially private advertised. Congressman bill shuster cha