Recent crash. Broadcasting live. Im john thomas certainly glad youre with us. I restart with the latest on the krona virus italy is shutting down all production of nonessential goods due to the 1000 pandemic thats as the disease has now claimed almost 13000 lives that worldwide and the number of confirmed cases has reached 305000. Production shutdown in italy was announced by Prime Minister just in the past couple of hours he said italy is in the grip of its worst crisis since world war 2. Today we decided that the government. Throughout history no social issues of providing goods and services. Italy has seen it nearly 800 fatalities in the past 24 hours alone the pandemic has now killed more than 4800 italians significantly more than in china russia is stepping in to help italy the Defense Ministry will be sending a planeload of disinfection equipment along with 8 teams of viral exists to the country starting on sunday are 20 just on of joining my colleague earlier in the studio with
We look at Dollar Strength and yields moving. Taylor if you blink, you missed it yesterday we had the fourth halt on the s p 500. Down p fell 7 and it shut for 15 minutes or so. We were able to close off of the lower bound. The bloomberg Dollar Strength also hitting a record. Cash is king. Francine we will talk a lot more about that. Its get straight to the bloomberg first word news. Senate passings. The second major Coronavirus Relief bill, President Trump signed any it into law signing it into law. Lawmakers are rushing to come up with phase three, a comprehensive rescue plan the administration estimates could cause cost 1. 3 billion. The u. S. Federal reserve and a dramatic late night step to help funds havets, the been under pressure because people are rushing into cash. A surprise move from the European Central bank, launching dollargency 820 billion Bond Buying Program to battle the coronavirus outbreak it will allow the ecb to focus purchases on italy and other struggling govern
Weekly gain. Virus figures, coronavirus cases surging again, wall street still headed for strong gains for the week, s p and dow up more than 1 the past five sessions. The company beat on earnings, suspended its 2020 forecast on coronavirus uncertainty, and as well were going to be talking with the ceo of roku later this morning which also reported numbers. And jedi blocked, a federal judge haunting microsofts pentagon cloud contract after an amazon suit. For the second straight day the number of confirmed cases of coronavirus shot higher. Chinese authorities reported 5,000 new cases and 120 more deaths the death toll stands at nearly 1,400 and total cases into the range of 64,000. As increasingly guys, the conversations turning to diagnostics as opposed to the spread itself. Right there have been a number of articles that are very subjective about whats happened some of them say that, look, it could be a 24day incubation, so what they thought they were letting people go and some of it
T International Im john thomas certainly glad to have you with us right now a rocket attack has been reported at the airport in baghdad iraq reports say 7 people have been killed lets cross live now to our tease. Who has been covering the story for us caleb what do we know so far. At this point were seeing reports that 2 vehicles were struck by rockets near the airport in baghdad now the reports seem to indicate that when this took place 7 people were killed in addition to that were seeing reports of injuries as well now the reports seem to indicate that among those who were killed was a leader of the Popular Mobilization forces of shia muslims in iraq this was an individual who participated in the protests outside the u. S. Embassy in baghdad and now furthermore were seeing indications that 12 iraqi servicemen were injured we understand that at this point the u. S. Airport im sorry at this point the airport in baghdad is on lockdown the flights have been suspended its not exactly clea
To influence the sovereign decisions of europe we are holding negotiations with the United States meanwhile the german parliaments kmita chief on economy and energy told r. T. That the lane is ready to respond to any sanctions imposed by washington and the u. S. Is unhappy that we are not buying their gas they want to boost their own trade and thats why they are imposing sanctions on Companies Involved in building the pipeline firstly american liquefied natural gas is obtained through fracking which makes its unacceptable for germany secondly it is much more expensive than rushing gas the natural gas we get from russia is high in demand and due to falling production in europe demand has only increased so we plan to import more of it this is why north stream 2 is so important because russia of north stream 2 will be completed even if u. S. Sanctions are imposed on project participants that was announced by kremlin spokesperson to me trip is called he noted that the u. S. Actions violate