Have heavy crime tape restrictions in place and heavy restrictions on any foreigners trying to enter china and this is simply chinas why of dealing with what they believe could be a 2nd wave of infections 180 cases its certainly not a Great Development but china would say its particularly in recovery mode at this stage compared to the rest of the world but there have been a number of questions about the accuracy of these figures coming out of china weve had last week a senior british minister Michael Goves questioning tried as transparency about the effectiveness of this particular virus and present donald trump has also said he questions the number of deaths he said the death toll is on the light side looking at the overall figures coming out of china the total number of deaths of 3343. 00 so thats certainly low in comparison to the rest of the world and 83134 cases of the crowd a virus infection so this is why the questions are appearing and increasing about chinas transparency and i
Are being affected dramatically by covert 19 was it originated in china but by march it was clear the coronavirus was a global problem. Italy altered a National Lockdown 2 days later the World Health Organization made a red declaration deeply concerned by the alarming levels of spread and severity and by the island mean the level of this action. We have that for a man to be an assessment that 19 can be contacted i used as a pandemic when the w. H. O. Declared a pandemic all march the 11th there was a total of 118000 cases globally nearly 4300 people had died but 90 percent of those infected with hiv 19 were in just 4 countries china south korea italy and iran a month later much has changed the number of known infections is approaching 2000000 across more than 180 countries and around 100000 people have died the United States has more confirmed cases than any other country wealthy nations with sophisticated Health Care Systems have struggled to contain the virus so what chances that the
Last week, i warned you. Didnt think it wouldlast. More bad news about the pandemic and we would get slammed again thats what happened today dow plummeting 900 points, s p plunging 1. 4 . Nasdaq also nose diving, 1. 4 . Last night the president gave us pretty down beat, realistic forecast for covid19 fatalities if youve been following the experts and a potential death toll in the hundreds of thousands, might not have surprised you. But for a lot of investors it was a rude awakening i cant blame anyone for selling after that miserable First Quarter with very little good news on any front in the battle against covid. Lets be real. This market is an incredibly leaky ship if youve been laid off, having health problems, your family is hurting, supporting a loved one out of work, youre most likely going to have to sell stocks to get through this period. People need cash you cant fight that kind of selling. Thats what were seeing so why not simply dump everything, flee, maybe head for the hil
A nationwide the number of new cases per day is flattening substantially suggesting that we are near the peak and comprehensive strategy is working overtime or guidelines to slow the spread or decreasing the rate of new cases very substantially and will result in fewer hospital admissions and were seeing that its. Incredible i think with with no exceptions its looking like its low. The u. K. Has reported its highest daily death toll but there are signs the number of cases are leveling out in spain and italy the italian Prime Minister says restrictions there will be extended dominic kane reports from berlin. Its a stark example of what the coronaviruses done to this continent the traditional good friday papal Passion Service in rome and pope francis forced to preside over a ceremony with almost no congregation because the pandemic continues to kill thousands of people every day we are particularly concerned by the large number of infections reported among Health Workers in some countrie
Cut this month thanks. We are seeing a big bounce back. All angles are covered for you bob pisani, Rick Santelli in chicago seeing new lows on the ten year yield, meg has the latest on the coronavirus and Steve Liesman on whether the fed will come to the markets rescue here we begin with stocks and bob with the latest here kelly, were just off the highs. The question is, why theres two essential reasons. Number one, we have extreme oversold conditions. Well explain that in a minute and number two, we have hope for fiscal stimulus and coordinated monetary stimulus and theres indications those are coming together as well there you got your rally take a look when we say extreme oversold conditions. It shows you mouch much the market momentum is moouing below 30, thats oversold. You very rarely see this its screaming buy in a traditional way to look at the markets. Another extreme indicator, you have nyse, the volatility index. We were at 49. Thats almost four standard deviations away. We