A legit state sponsored torture begins in germany. A standoff in the South China Sea the u. S. And a stray away into a dispute between china and malaysia. And in sports the n. F. L. Draft gets ready to go virtual the games best Young Players will be selected remotely millions of fans watching. Lets begin in the United States where figures released just hours ago paint a devastating picture of the economy in just 5 weeks tens of millions of jobs have been wiped out take a look at the numbers last week another 4400000 americans filed for Unemployment Benefits thats fewer than the week before when more than 5300000 registered for jobless support but the scale of these weekly figures is unprecedented in all more than 26000000 americans have now applied for Unemployment Benefits since the end of march that was when President Donald Trump made the 1st of his coded 19 outbreak declarations. I want house correspondent kimberly house joins us live from washington d. C. Rising unemployment kinle
Tries to revive its faltering economy. And Jerusalems Al Aqsa mosque compound islams holiest sites closed during ramadan because of coronavirus restrictions. So an agreement among the worlds Top Oil Producers to cut output comes into effect today friday following the collapse in global prices it was spurred by a slump in demand because of the deal to cart output came with a lot of infighting between the worlds big Oil Producers go back to early march when they met in vienna and work out how to keep prices stable but failed to reach an agreement opecs recommendation was to take 1500000 barrels a day off the market if russia agrees to cut production as well russia said no. And so top producer saudi arabia retaliated by announcing a production increase instead sparked a price war lasted nearly a month prices dropped below 20. 00 a barrel also in riyadh did resolve their differences eventually agreed to gradually cut production by 10000000. 00 Barrels Per Day but as american producers whic
Definitely not what the doctor ordered madagascars president and the herbal remedy that could put his people at risk. To suspected members of the syrian president s Security Forces go on trial in germany on torture charges. Hello thanks for joining us new figures released in the u. S. Paint a picture of an economy devastated by the coronavirus in just 5 weeks all the jobs created since the end of the 2009 recession have been wiped out so take a look at the numbers last week another 4400000 americans filed for Unemployment Benefits its the 3rd week that number of new claims has declined a sign the worst of the shock may be over but this is what it means a record 26400000 americans have now lost their job since the end of march thats when lockdowns shut down production and led to mass stuff for a lowes thats more than 15 percent of the entire u. S. Workforce are White House Correspondent kimberly begins our coverage record highs and expected to keep climbing because the reason we dont be
Holiest site is closed during ramadan because of coronavirus restrictions. Now an agreement among the worlds Major Oil Producers to cut out for that comes into effect on friday it follows a collapse in Global Oil Prices spurred by a slump in demand because of the pandemic and it seems the deal to cut out what may have only happened because President Donald Trump reportedly pressured saudi arabia plying the u. S. May withdraw its military support for riyadh the savage raid as this report. Oil and water do not mix but politics in oil bond very well there is no official transcript of the conversation between the u. S. President and the Saudi Crown Prince which resulted in saudi arabias latest Oil Production cut reports suggest president all trump told muhammad bin sole man that u. S. Forces stationed in the kingdom could be withdrawn if saudi arabia did not stop flooding the market with cheap crude within days riyadh announced production cuts and ended its Oil Price War with russia. 20 me
Chairman. Lets get you started with a quick check of how markets are trading. U. S. Futures continuing to add to gains after u. S. Stocks rallied in the regular session. Vaped tech shares leading the gains. Alphabet optimism about the experiment of drug coming from Gilead Sciences. U. S. Futures gaining ground at the moment. This after the s p 500 rose in the regular session. We have some negative data when it comes to u. S. Fourthquarter gdp seeing the biggest fall since 2008. We did get the fed decision. We have policymakers holding rates steady. Wti also continued to add to gains after we rose in the regular session, rebounding from almost 30 of declines in the last two sessions. Haidi of course one of the big headlines, the Trump Administration putting together this Manhattan Project style effort to drastically cut the time it takes to develop a coronavirus vaccine. Operation work speed hopes to have enough warp speed hopes to have enough doses available by the end of the year as g