To rise. S continue the u. S. Now topping one million american deaths, now surpassing the total suffered in the vietnam war. President trumps top infection expert says the virus is not truly going to go away. Anthony warns any reopening of the economy must be prudent. Breaking news out of south korea right now. We are getting march Industrial Production numbers. When it comes to the month on month figure, a gain of 4. 6 . This was a much bigger than gain then was expected, reversing two months of declines. When it comes to the year on your number for Industrial Production, it is a gross search of 7. 1 percent again. The expectation was at was for a contraction. We have seen the south korean economy really battling the coronavirus pandemic. We had seen First Quarter gdp sinking seeing the biggest drop since the financial crisis back in 2008. It seems that we have a little bit more optimism when it comes to the Industrial Production side of things. We are going to get samsungs final earn
India italy locking down the whole country. Lets get straight over to the markets now, we are joined by Sarah Ponczek. One of the one of the highlights . Helling say the the selling has not stopped. Saw a limitafter we down in futures yesterday, we and at the same time we have new zealand coming on, getting closer and closer, well below the 200 Day Moving Average which served as support earlier on. At the same time, we have seen dollaryen moving closer and now the yen is trading at the highest level. Prior to the president ial election in the United States, and also, the vti crude oil extending losses again after the worst day since the 1991 we have seen absolutely massive moves. Day, we didf the close down 7. 6 and if you look at the different barometers, we have seen massive moves. The average move over the last eight trading days has been 3. 7 , that is the largest going back to 2008, so to put into context the amount of volatility we have seen, the vix also at [indiscernible] lets
The program its a deal in principle and one that will have many people feel really after hours of discussions Russia Ukraine and the European Union have reached a tentative gas deal that go into effect on the 1st of january the deal was brokered right here in berlin. These pipes are front and center of a geopolitical crisis natural gas is supposed to be sent from russia to germany to supply the e. U. With one of its Major Energy Sources the north stream and nordstrom to pipelines. Bypass ukraine and safe on billions in transit fees that are currently a major source of income for the neighboring country not to rely entirely on the north rim Delivery System russia still wants to send some gas through ukraine asked for ukraine the country depends on gas from russia but must call has weaponized its supply in the past cutting it off repeatedly in the 1990 s. Russian president putin says similar action is no longer planned. We are not going to sign any kind of contract with ukraine in order
It right here live. And we are looking for more market records today. The dow and s p and the nasdaq, all expected to make records. It was a year ago today that the market was in freefall. Remember that . It was about 6,000 points lower on the dow. That is very much not the case today. Varney company is about to begin. David and there is news overseas. We are watching hong kong this morning. Monthslong protests are flaring up once again. Riot police fired tear gas at protesters this morning. We are going to be monitoring this throughout the morning right here. But lets focus on some positive news at home. A brand new sales record, Super Saturday sales hit 34. 4 billion, the biggest single day of retail sales in u. S. History. The figures coming from Customer Growth partners. Joining us is retail watcher michael zacore. Ive got to think this is all about the economy. We have fatter wallets because people are making more. Weve had increase in wages and we have jobs galore. Is that why pe
Critics say some cosmetics have Dangerous Levels of mercury. China prepares for its biggest ipo since 2015. It may not be plain sailing as investors lose their taste for mainland stock. Paul lets check how we are treating right now. Australias asx has just come online. We are looking flat at the moment. We have the staggered open. We will see how things unfold. New zealand has been treating for a couple of hours. Currently higher by four tens of 1 . No change for the nikkei futures. S p futures becoming as well. We have had some encouraging news today regarding the usmca. Beingas if that bill is pushed through as the thanksgiving holiday approaches in the u. S. Out of have the poll britain that shows Boris Johnsons conservative party on trunk to secure a majority in decembers election. Lets get the first word news. Su we are going to star in the u. K. Sterling strengthened as the u. K. Poll suggested the conservative party may when a comfortable majority. The survey of 50,000 voters se