Unprecedented disruption the swiss luxury giant flags a strong recovery in china heineken trades lower as the beer maker plunges prompting the group to intensify cost cuts. In frankfurt, the ecb faces a crucial test will look to prove that it has more fire power needed we bring you more coverage to this runup to decision time. The chinese stock markets plunged into the close despite encouraging growth data. Shanghai composite 4. 5 lower. Marking the worst daily performance in each index since february the china gdp grew rebounding from the First Quarter recession as they use the lockdown and First Quarter stimulus more on the chinese data. A bounce back from growth from q 2 after strict lockdowns and travel restrictions and some of that stimulus kicked in if you look at that key data for the month of june, industrial output lead to the recovery and third output growth of 4. 8 suggesting demand is improving fixed asset improvement fell 4. 81 . Also better than expectations and retail sa
About helping people to survive the coronavirus shutdowns that have now forced them out of work. Because, remember, corona isnt just stopping you from going to the gym to take mirror selfies. Its also decimated the world economy. Now, countries have been taking different approaches to help workers during this pandemic. Many countries in europe are paying businesses to keep their employees on the payroll even during shutdowns, japan suspended most tax collection for a year. And russia is even allowing all their election bots to meddle from home. And here in the u. S. , Congress Passed a big 3 trillion relief package back in march, but with the benefits of package about to run out, congress has been struggling to put together something new. Now, democrats have been asking for another 3 trillion to extend and expand the benefits that have been helping people. And now republicans have finally responded with something a little less generous. This morning, with tens of millions of americans
Dr. Fauci. So lets do this people. Welcome to the daily social distancing show. Captioning sponsored by Comedy Central from trevors couch in new york city to your couch somewhere in the world, this is the the daily social distancing show with trevor noah. Trevor the big news today is about helping people to survive the coronavirus shutdowns that have now forced them out of work. Because, remember, corona isnt just stopping you from going to the gym to take mirror selfies. Its also decimated the world economy. Now, countries have been taking different approaches to help workers during this pandemic. Many countries in europe are paying businesses to keep their employees on the payroll even during shutdowns, japan suspended most tax collection for a year. And russia is even allowing all their election bots to meddle from home. And here in the u. S. , Congress Passed a big 3 trillion relief package back in march, but with the benefits of package about to run out, congress has been struggli
Congress now considering a temporary Unemployment Insurance extension. Ahead on todays show, as more government money flows into vaccine efforts, well speak with the ceo of thur ermo fishe. Plus micro Loan Campaign affirm striking a deal with shopify well teex wispeak with marks ln about that and a number of names are reporting after the close including microsoft, tesla and chipotle those numbers could move the market this evening. Lets get straight to the big stories were watching today mike santoli is tracking all of the action meg tirrell has the latest funding for pfizer and phil lebeau has fresh comments from the ceo of united about what a vaccine would mean for his business subdued summer choppy action the Market Holding up near recent highs the major takeaway from the action so far. The s p 500 on a oneyear basis, you could look at this and say were laboring to make further upside from where we got in early june that is true this looks like relatively defined uptrend. The questi
Welcome to the daily social distancing show. Captioning sponsored by Comedy Central from trevors couch in new york city to your couch somewhere in the world, this is the the daily social distancing show with trevor noah. Trevor the big news today is about helping people to survive the coronavirus shutdowns that have now forced them out of work. Because, remember, corona isnt just stopping you from going to the gym to take mirror selfies. Its also decimated the world economy. Now, countries have been taking different approaches to help workers during this pandemic. Many countries in europe are paying businesses to keep their employees on the payroll even during shutdowns, japan suspended most tax collection for a year. And russia is even allowing all their election bots to meddle from home. And here in the u. S. , Congress Passed a big 3 trillion relief package back in march, but with the benefits of package about to run out, congress has been struggling to put together something new. N