Slightly but are still topping 100 with 165 cases reported on wednesday. Experti expertings are oespecially concern concerned. Translator the numbers couod be many times from now. That would mean 1200 people. It would increase my 256 fold. The governor is calling on residents to refrain from nonessential travel to other prefecture prefecture. The number of infections continue to rise in other parts of japan. 61 cases were confirmed in the western prefecture of osaka on wednesday. Thats the highest since the nationwide state of emergency was lifted in may. Now, across japan, morore than 22,000 people have tested positive for the coronavirus. Nearly 1,000 people have died. Officials are also closely watching developments in the southern prefecture of okinawa home to several m military u. S. Bases. The okinawa governor met the defense minister in tokyo. He asked the minister to push the u. S. Militaryy to swiftly provide detailed information on the infected people. Translator i hope he w
That continues a down trend but only just. A spike in new virus cases, especially arizona and texas. The words second wave have some investors worried. The Federal Reserve, well, jay powell sees the effects of the virus dragging on the economy until 2022. Thats not the rapid recovery the administration sees. Larry kudlow joins us in our 11 00 hour. So what do you do . Do you hold on to the stocks youve got, do you buy this dip . That was successful in the past. Or do you get out and take your profit while you can . We will try to answer at least some of those questions. Politics. Joe biden says President Trump may try to steal the election and joe biden says the president promotes racism. His words. This as demonstrators create what they call a no cop zone in downtown seattle. It was created overnight. The president is not happy about that. And this afternoon, mr. Trump heads to dallas, texas. We expect to hear from him about Police Reform and maybe about any new help for the economy f
Numbers, 8 30 this morning. We knew it was going to be bad because bricks and Mortar Stores have been largely shut down, and it was bad. April sales down 16. 4 in april after dropping 8 in march. So heres the market, with just minutes to go to the opening bell. Red ink all over the place but not as bad as it was. The dow off about 180, 25 down for the s p, 121 down for the nasdaq. Thats of course inspired by apple, which is way, way down this morning. What were looking for is how fast we can rebound on the other side of this really bad Economic News. Thats the other side of the coin. The great reopening. Which gathers steam this weekend. There are only a handful of states that are still trying to enforce a complete lockdown. This will be a test of our willingness to get out and about, our willingness to travel, eat out and shop. This is important. We need to open the economy. We need to get back to work. This weekend, i think its a prelude to memorial day next weekend which is the unof
They come. Checking out the 10year, weve been around the same level yesterday we were at 0. 75 this morning, it looks like the 10year is yielding. 69 saying the Global Oil Demand will fall by 9. 3 billion a day erasing almost a decade of growth down about 2. 25 baushing it back to 19. 65 a barrel dr. Scott gottlieb, chairman of cbs health, fanatics executive chair. Chief Investment Officer and more coming up in the next three hours. Joe . Becky, you remember United Health care is a dow component we always say, thats right. Thats right you notice the dow is down around 370 or so maybe repairing partly due to United Health care the Company Reported an adjusted 3. 72 for the First Quarter. Nine cents above estimates the company said it is keeping its prior 2020 full year guidance said it would continue to evaluate the ongoing impact. You can see up about five points or so. Ee quaids to the improvements we see. Well hear from bank america and other companies. We are in earnings season now.
In services, we saw our first contraction, and that has put jitters into the market, not least of which, into the treasury market. We saw the 30 year yield hit a record low190 1. 90 and change. Guy this is what is happening in europe. Stocks are down. You are seeing around the world. The fear is definitely there when it comes to what is happening with the coronavirus. The data out of united states. Has comen tenyear back to unchanged right now. We are seeing a bigger reaction on the u. S. Curve, but curves are flattening, and that is a factor. The pmi data in europe was actually ok today. What you have seen as a result is the u. S. Pmi data has been a significant squeeze in eurodollar. Onedollar now trading at 1. 0854ight cents at now. Vonnie lets get to bloombergs Sophie Kamaruddin. She joins us from hong kong. What is the latest . What are authorities telling their citizens . Sophie we saw some revisions upward. Hubei province upping its count for the past two days, increasing confir