People are confirmed killed in karachi. Hungry and trying to stay warm Seasonal Workers stuck in chile as winter bites and coronavirus stops them from going home. And im joining with the sports Manchester City on course to defend the f. A. Cup title after 18 past newcastle face arsenal in the semifinals. So then china is being accused of forcing it we go women into pregnancy check sterilization or abortion in a bid to slash birth rates an investigation by the Associated Press has found evidence of a 4 Year Campaign in North Western provinces chinas government denies the allegations saying theyre not based on facts will be live in beijing in just a moment but 1st alexia brown begins our coverage. Never forget the day chinese authorities told her 3rd child was illegal she says she was threatened told to pay a fine of more than 2. 00 and a half 1000. 00 should be locked up in an 10 minute camp. To give shot. And remove fetuses forcefully if they say its illegal to make you get an abortion
Is the in hello, good afternoon. People will soon be able to holiday in much of europe and wont have to go into quarantine when they return to the uk. The government is in the process of finalising a series of travel corridors and an announcement is due in the coming days. Most of western europe is expected to be on an initial list of countries which will be exempt, including france, italy, spain, greece, belgium, germany, norway and the netherlands. Sweden is unlikely to be on the list because the infection rate there is higher than in the uk. And there are doubts about portugal after a rise in the number of new cases in and around lisbon. Work is also on going to see if a travel corridor is possible with australia. Lets get more from our transport correspondent tom burridge, whos here with me now. That has just called you the transport secretary. Congratulations i am not in a position of power. However, im sure you know lots of people and can tell us you know lots of people and can t
Industrials, financials leading the way. Energy up 8 . David, if you can believe it, oil has been all over the map, the energy index nearly up 100 since its march low. So investors all in on the day, david. David abigail, they may be buying the news because they didnt have a rumor. Abigail yes. David possible rotation out of bonds. Are peeping leaving bonds because they like equity so much . Abigail they are. The 10 year yield is backing off the most ever, up about 28 basis points on this week, david. Oday alone, nine basis points. Inverse to price so that telling investors going out of bonds and that money today does certainly seem to be going into stocks. Whether or not that dynamic will continue, money out of bonds and into stocks, is to be seen. But if it does happen and today it appears to be happening, it could suggest that there may be another leg to this most heated rally ever. The s p 500 up 40 into today, a forecasting tool on what proved to be a very promising jobs report, e
Markets. All i have to say is, what a risk on rally we are seeing. The mystic stocks are the big out performers. The russell is outperforming the s p 500 for five straight days. Lift up of 10g a basis points on the 10 year, the highest since march 19. I cannot remember the last time i saw a 90 basis point print on the 10year. Further weakening on the dollar, weaker for seven straight days, nine of the last 10. You wonder what that means for the fed Going Forward. Lets get perspective from kailey leinz. What do you take from this market rally . Kailey i want to start with technology. The nasdaq composite is set for a record close, as is the nasdaq 100. If we can see how that index has performed this year, it is like this a lot never have been. Now 2 above the record close in february. You can bank microsoft, amazon for those gains that we have seen. Positive by now 12. 5 on the year. It is not Just Technology outperforming. It is the more cyclical growth sectors that are leading the way
Google ad demand although previrus quarterly was of. That march was difficult. Started. Ts get you we are seeing u. S. Futures coming online, flat, a bit of Downside Pressure. We have u. S. Stocks in the regular session wally. The Downside Pressure on big tech, really leading the declines. The nasdaq composite reversing two sessions of gains. U. S. Consumer confidence dropped in april to the lowest since 2014. There is a big week of earnings not to mention centralbank decisions ahead of the fomc meeting. We have the dollar falling because it has been weighed down. Rising wti rebounding, in the overnight session, above the 13 a barrel level. It felt in the new york session fell in the new york session. There were some swings in the u. S. Oil fund, saying it will sell out june positions. Haidi our next guest says the next turning seasons will not offer much to investors but they are bullish on u. S. Stocks. Jim macdonald joins us. Great to have you with us. You are more bullish in the u.