Superintendent spearman is here with me today to make an announcement about the public schools, k12. As you know, by executive order, we closed those schools for a number of weeks, a decision we made after much consultation with a comprehensive group of people including parents, teachers, Health Experts, and otherwise. We decided not to reopen the schools for the rest of the school year. Schools will remain closed for the rest of the school year. When i issue that order, which will be next week, it will provide a number of things. One of them is flexibility for the districts and the superintendent, and others involved to allow teachers for special needs classes for children to do some teaching of some kind, and other flexibilities that will allow them to do things they need to o. They also dont present the threat that opening schools backup would do. Also, we would encourage School Districts and schools, principals, teachers, parents, and all involved, to have Graduation Ceremony find
Upon first their trade war fears which have kind of gone down and now the coronavirus fears which we do think will eventually pass also do you buy the chip stocks . Theyve been buffeted around on supply chain disruptions yes we like the chip stocks. We think theyve been great investments and have had a turning point in their cycle we expect them to continue to do well and we have an exposure that we like thank you both for joining us obviously pharma is a big piece of the story lets check in for the latest on the virus with nearly half of the cases outside of china coming in just the past four days carl, concerning increases in case numbers coming from several countries over the weekend south korea, italy, and iran total numbers now topping 79,000 around the globe with more than 2600 deaths. The World Health Organization just now in a briefing detailing some of the findings from its teams visit to china. One is that the epidemic appears to have peaked and plateaued in china between jan
Increasing pessimism about growth. More ceos than ever see a slowdown. Sophie chinas mystery virus is spreading through persontoperson contact. Hubs stepping up passenger screening. Lets turn to selina wang in beijing with australian markets coming online. Selina we did see australian markets red hot. We are now starting to see them drift slightly lower, marginally except for the new zealand up. 2 after gaining 3 since the start of this year. We did yesterday see the equities hit record highs when it comes index price and private equity valuations. So, that would be enough to ring bells in normal times but our strategists say that macro backdrop in australia is dire enough to call this rally into question when you consider the massive wildfires that are damaging their economy. With increasing focused on environmentally sustainable investing, that rally is potentially at risk. I want to check on that a little bit more with this next chart. Thelook at that rally in context of the u. S. C
Maintaining ties with venezuelas president. And sprint to the finish. Deutsche telekom sees profit rising as the companys tmobile unit edges closer to stealing a landmark u. S. Deal. Just under 15 minutes away from the start of cash equity trading in europe, lets take a look. Irst off at futures green arrows across the board put futures up. 7 , more than 50 points right now on that optimism about more stimulus injections coming from beijing. Take a look at u. S. Futures for the second trading day of the week. Remember, shorten holiday week. Still have a solid seven hours until u. S. Markets start to think about opening up. Throughout the morning. Lets take a look at the risk indicators we can glean from the gm them here. In terms of equity indexes, you can see in asia, we have decent gains here. In terms of forex, we can see a intle bit of a mixed picture terms of the hong kong dollar and japanese yen, little changed, but we do see some yen strength. You see that in some other assets a
Coronavirus. Obamaso sell barack we saw apple yesterday or the day before. We saw ashares selloff because vacated senate seat. It is difficult to do guidance. Fly up tol apply puma says the negative impact from coronavirus on sales will four paying customers on the be felt. Ship it uses to fly astronauts we dont have a number yet. Into space. It is a very fluid situation is it opens the way for private a lot of companies try to figure space tourism, but there is no out what it means for their price tag yet. Globalist when he four hours per supply chains and when it will quicktake. And in pick up again. We are watching individual stocks across the board. Stocks in europe being supported by the idea that the pboc and daylobal news 24 hours per officials in china will do more quicktake. On to spur the economy. 09. T crude at 58 francine russia temporarily we will speak with a deutsche banned the chinese from entry. Telekom chief executive. The who says beijings continuing efforts in hubei