Is boom bust the one business show you cant afford to miss. In washington coming up positive news for a potential run a virus vaccine sparked a rally on wall street but how long could it lasts and as a pandemic shifts global trade and supply chains kind of may have to fight another trade war in the pacific well break it down with miami business well we have a package of the day so lets go and dive right that. We begin this hour with an update on the Global Pandemic the crown of ours has infected more than 4700000 people globally the death toll is now at nearly 317000 while stocks surged on monday morning as manager and i reported some positive data on Early Vaccine testing for its phase one response companys stock was up nearly 30 percent early monday the company said it will begin the phase 3 trial on the vaccine. In and july us coronavirus cases near 1500000 states are easing restrictions americas Auto Industry is gradually reopening this is a sector that employs nearly 1000000 peopl
We begin this hour with an update on the Global Pandemic the crown of ours has infected more than 4700000. 00 people globally the death toll is now at nearly 317000. 00 will stocks surged on monday morning as madonna reported some positive data on Early Vaccine testing for its phase one Response Company stock was up nearly 30 percent early monday the company said it will begin the phase 3 trial of the vaccine in july u. S. Coronavirus cases near 1500000 as states are easing restrictions americas Auto Industry is gradually reopening this is a sector that employs nearly 1000000 people the trouble ministration is now considering restoring funding to the World Health Organization this is just one month after the president announced it would suspend funds over the alleged mishandling of the krona virus meanwhile the chinese president xi jinping pledged billions to the organization to help fight the pandemic. Trying to provide 2000000000. 00 over 2 years to help with code 19 response and eco
Mcdonalds says its aware of a Technology Outage impacting restaurants, and that the issue is being resolved. They said its not related to a Cyber Security event. Joining us now from new york is michelle fleury. Not michelle mcfleury as i would be tempted to say in other circumstances. What is going on . Restau ra Nts Restaurants have been affected overnight and it seems to be able to play a big issue in bangkok, australia, also where you are in the uk and ireland. Some stores had to close reportedly because the it systems went down, people were not able to order because of the touchscreens are not able to place mobile orders. In some cases they went back to pen and paper to take orders and that old thing of accepting cash. All of this has been accepting cash. All of this has been a black eye for the chicago based company who have come out and said it is not related to a Cyber Security attack but they have not given any more details about what caused the outage. They said in a statemen
Host welcome to bloomberg daybreak australia. We are counting down to asias major market opens. The top stories this hour. Asia sat for a lower open after wall street fades at the close. The dow jones retreating from the 40,000 level. Host jamie dimon sounding on alarm when it comes to lingering Inflationary Forces telling us the chances for a hard landing are higher than markets thank. Host and a busy friday in china with highlevel talks on the property sector. A third sale of special bonds and april Economic Data that may show a modest improvement. Host we do have south korean jobs crossing the bloomberg. We see the Unemployment Rate for april sticking to two point 8 . The expectations from economists were two point 8 and it is unchanged from the previous month. We were expecting potentially more of a softness. Up to 2. 9 percent. We did see level force participation increasing. But the jobless rate levels around this level are below the postpandemic average of 3. 3 . Bloomberg econo
Points. Oil is about the only asset thats not participating today. In our road map this morning tech trifecta, amazon, microsoft beating expectations. And jack dorsey taking onethird of twitter shares and dishing them out to employees. Futures up sharply as Chinas Central Bank cut Interest Rates. Lowered by 25 basis points. Reserve requirement reduced by 50 basis points and comes a day after a rally which included a jump in the dow hints of further easing by the ebc. Look the communist mean business they wont let this economy slow that much more. They are trying to change thing. Were getting hints consumer is spending more in china. Chinese stock market, we used to talk about it every singling day, had a nice rally. Europe, draghidraghi. He manages to get the dollar to soar on just talk. Hes the pied piper of higher stock prices. Last night some quarters that are thinning like the new york mets. I talked to mr. October last night. Saw him at a party. The actual mr. October. Daniel murp