Gilead sciences, as you heard from maria, positive news from a government trial of their remdesivir and also from two of their own trials. Positive news on a treatment. That sent futures straight up earlier this morning and look at the stock, also straight up, 6. 8 . Thats the effect of this effective trial of remdesivir. Up go futures, up goes gilead stock. More on this in a moment. A second reason for the dows gains, investors expect a strong recovery for the economy starting in the summer. The market always looks to future conditions. Theres a third reason. The Federal Reserve is likely to say today they will do whatever it takes to stabilize your money. Wall streets expecting more stimulus. The dow will be up close to 550 points at the opening bell, close to 2 . The s p up 2 . The nasdaq solid indeed, up over 2 . We had boeings numbers out this morning. Continuing problems, but its cutting 10 of its work force and investors like that. The stock is up nearly 6 . Okay. More on all th
Over two days, as the biggest oil etf dumps short dated contracts once again. We will speak about this and earnings with the bpce l, Bernard Looney, coming up shortly bp ceo, Bernard Looney, coming up shortly. Aboutl speak to the ceo the impact of coronavirus and the business shortly. Get to some numbers coming through this morning. We have got numbers coming through from bp this morning. They are talking about how the industry has been hit by supply and demand shock. They remain committed to delivering their net zero ambition. We heard about that back in february or so from the company, from Bernard Looney, the relatively new ceo at the helm of dp. First quarter dividends bp. Dividends, so maintenance of that dividend at least at the same number. Bp saying it had around 32 billion of liquidity available at the end of the quarter. The bp ceo, we are taking Decisive Action to strengthen finances. We have heard about how they will not be taking government money, they want to get through
Death toll from a shooting rampage rises to 18. Lets take you straight now to the white house. Donald trump is answering questions in the Coronavirus Briefing. President trump thats on top of thousands and thousands of hospitals built in new york, for hospitals alone tilt and 2900 beds, and got them done so quickly, nobody saw anything like it. Fortunately we havent had to use too many of them, and thats ok. Thats probably better news than having to use them all, right . Because a lot of good things are happening in new york and elsewhere. Through the publicprivate partnerships and deregulation, the federal government has already made tremendous tasting capabilities possible, but sums some states need to take action to will utilize it. Today, the United States has conducted many more test than any other country. You can add them all up and they dont catch us. Our numbers have been doubling certainly on a monthly basis, but almost on a weekly basis, we are moving very rapidly. At a numb
Tayyip erdogan confirms the deaths of 2 soldiers deployed to libya and Global Support continues to be impacted by the corona Virus Outbreak with rugby 6 places and now under threat and remembering a basketball legend kobe bryants widow vanessa leads the tributes at the Memorial Service and off hand. But the rise in corona virus threats in china and a sharp increase in infections a stalking fears that the Global Spreads of the outbreak is entering a new phase iraq has now banned travelers from 7 countries after reporting its 1st case on monday among the banned countries is iran its confirms 15 deaths but has denied reports that the talk could be much higher bahrain afghanistan kuwait and some arent. All reports its infections now in europe italian authorities have sealed off the worst affected towns in the north of the country 7 people have died there and more than 200 are infected the highest concentration outside asia at least 10 people have died in south korea where there are almost
From jail off the Supreme Court ruling. Adding fuel to the fire protests in lebanon are affecting a fragile economy. Now as were hearing a court in india has started to announce a verdict on the rule of the ownership of a religious sites both hindus and muslims claim the land where a 16th century mosque was raised in 1992 thousands of troops have been deployed in the northern town of the idea the provincial government of the pradesh has ordered all schools and colleges to remain closed until monday. Security has also been tightened across the country and indias Prime Minister Narendra Modi has tweeted appealing for calm he said whatever decision the Supreme Court arrives at it will not be a victory or defeat of anyone i appeal to the countrymen that all of us prioritise that this decision should further strengthen indias great traditions of peace unity and good will a long awaited verdict is on a land disputed by hindus and muslims at least 2000 people were killed in riots after hardli