A few weeks, about a month ago. Wall street is passing unemployment news, we are going to get in more depth with that. There obviously seen an improvement in cases, hospitalizations and that. They are also looking at a tiny settling and some friction when it comes to this trade deal. A lot of people have said they dont trust them, how can we trust them on the promises they made on the trade front. Hey, blake. We gotta notice last night that robert, treasury secretary Steven Mnuchin had a discussion with their counterparts including the chinese vice premier, i came as a bit of a surprise because weve been pointed to conversation expected to happen next week but clearly, u. S. And china are talking as it relates to the phase one trade deal with conversations expected to happen going forward. If youre of the belief talking is a good thing, he would view that i was a positive signal. Its interesting to hear from resident trump himself this morning when the president appeared on fox and fri
Will accept junk, recent fallen angels as collateral. Time now for todays market moving news from brussels in new york. We want to begin in europe, where the pandemic drove the economy to a record slump in april. Pmi Area Services completely decimated, falling to 11. 7. Manufacturing also dropped to 33. 6. Bloombergs maria tadeo joins me from brussels. Maria what you are seeing is that the Coronavirus Crisis is going to do a lot of damage to the european economy. [indiscernible] brussels tell us they do anticipate a contraction for the entire euro area. This is potentially huge. Youre seeing again the European Central bank stepping in to try to shield some of those markets, in particular in countries like. Taly ,he other side of the equation what exactly are european leaders going to do to help the ecb, to put more money on the table and also protect their own economies . There has been a lot of backandforth. Perhaps a 2 trillion euro package. But all of this is still very much in the
Treasury market. Unbelievable moves. Commodities just keep getting crushed. Crude is at 40 have dollars. Time not is at 45. Tom never global exchange. Our bloomberg voices are on the ground with this mornings top stories. In asia, new cases of the coronavirus continue to appear outside of china. New zealand and lithuania have reported their first infections. And cases anda, south korea have gone to over 2000. Joining me is stephen engle. That is the case outside of china. Theresns that if 83,000 globally, thats more than 4000 outside of china. Chinas rate of new infections has been slowing down. New cases since yesterday, but south korea nearly doubled that in one day. They reported another batch of new numbers on top of the numbers this morning. They added 571 cases from yesterday. That means they have more than 2100 cases and climbing. Japan also climbing towards 1000 confirmed cases, 931 if you 700 from the cruise ship off yokohama. Tokaido has declared a state of emergency the day
At around 3 00 in the morning. No reports of damage or injuries. But what way way to wake up, right. Jossle you into monday morning. Lets check the forecast right thousand with kari. And some people may have heard the rain hitting the roof too so we had showers that moved through during the overnight hours and now it is moving out. And we take a live look outside in oakland. Still humidity and light patchy fog and temperatures that are starting to cool off. Now down into the low 40s. If youre on the way out of the door, expect mid40s but well get sunshine today before more clouds come back to the bay area tonight. And, mike, european seeing clouds and crowds in the east bay. That is right. From Oakland Coliseum heading north toward downtown oakland from emeryville down toward the same area. We couldnt see oakland through the clouds but at the berkeley curve slowing and the backup at the bay bridge toll plaza. No major concern but build for the upper east shore. Slowing through rodeo an
The barrage of gunfire killing the two suspects and two innocent bystanders. The family of one victim questioning if police were too quick to pull the trigger as the police union stands by its officers all that, plus holiday delay. Why the gifts you ordered online might be in danger of not making it to your house in time. Dentist under fire an alaska dentist facing serious charges after this video showing him working on a patient while on a hoverboard. And last laugh the actress at the center of that controversial peloton ad stars in a new commercial released overnight. Youre safe here. To new beginnings. Well show you more of the advertisement thats racked up millions of views, today, saturday, december 7th, 2019 announcer from nbc news, this is today with sheinelle jones, Peter Alexander and dylan dreyer, live from studio 1a in rockefeller plaza. Good morning to you and thank you for joining us on this saturday morning. Yeah, big group out there, 34 degrees here in new york but the c