Disagreed with my travel ban for the time they did it and they were wrong theyve been wrong about a lot of things. And then a lot of information early on they didnt want to do very they seem to be very china centric. And we have to look into that so were going to look into it with Chinese Foreign ministry responded to trumps comments by defending the United Nations helping agency. China will as always firmly support the work. And support the do to continue depleting rule in Global Cooperation in the fight against the epidemic amid the current debate demick the United States has indicated that it will suspend. This will have a negative impact on International Cooperation in fighting the epidemic we hope that all countries will help and support each other in jointly contribute to the global foot against the epidemic. Now lets take a look at some of the numbers here a global level the United States it remains a country with the largest number of confirmed cases with 404000 the death toll
Exception of the bond market. We are down at session lows on the stoxx 600. Sector certainly taking it hard today, as we see this drop, a very sharp drop we are getting in the crude market at the moment. Theres a top line running on the bloomberg of the sharp drawdown we are seeing. In terms of the bond market, and some ways, this is where the real action is. The expectation is we will see significant supply, as a result of this we have a big move in bunds and btps. Btps pretty under pressure. It looks like the ecb via the bank of italy was in the market earlier on. When it comes to the markets, dollars strong. We are now trading at cable rates we havent seen since the mid80s. We went through 1. 20. Now we are trading with a 1. 18 handle on the cable rate. Alix i love that you brought up btps. At one point they were up by 58 basis points. The Trump Administration now promising a 1. 2 trillion dollar stimulus package, including direct payments of 1000 or more to americans. President tru
Is the Oil Price War between saudi arabia and russia about to end crude prices enjoyed that biggest of a 1. 00 day rally after the u. S. President raised hopes of the troops will Donald Trumps intervention be enough and whats the impact of the rift between the oil superpowers this is inside story. Hello and welcome to the program im Bernard Smith over the past month 2 of the Worlds Biggest Oil producers have been in dispute about how to respond to the coronavirus pandemic demand collapse stuff to add lines grounded the planes factories shut their doors on countries impose travel bans crude prices fell further when saudi arabia and russia couldnt agree on cutting supplies to try and force Prices Higher now u. S. President donald trump is suggesting the feud may soon end saudi arabia has called for an emergency meeting of Oil Producing nations some era challenge reports. Signs that an Oil Price War between 2 of the worlds biggest producers made and sold the biggest one day leap on record
Minister designate in just 10 weeks on the stuff carver may be able to unite 6 hereon factions hungry and helpless the coronavirus pandemic impacting Food Supplies for hundreds of millions dependent on. And living in fear of the dead why some in indonesia dont one virus victims buried in their towns. Well staggering new figures reveal the extent of the damage to the worlds biggest economy by the coronavirus shut down in just one week another 6600000 people filed for Unemployment Benefits that means nearly 17000000 americans have lost their jobs in the past 3 weeks thats around one in 10 workers for more on this lets turn to our White House Correspondent Kimberly Halkett shes live for us from washington d. C. Kimberly how much of a shiver are these numbers sending down the spine of the economy there. Well they were expected but still the numbers are staggering never before in u. S. History has there been such a significant job loss in such a short amount of time the numbers are simply a
Testing out diet testing out exercise and try and figure out things on their own. This is boom bust the one business show you cant afford to miss. In washington coming up oil markets try to stabilize ahead of an upcoming meeting between some of the Worlds Largest Oil Producers looking to put a stop to plunging prices how much hope action slowdown coronavirus and actions will talk to our panel about reopening the economy and when that could actually happen the Grocery Store that may be stocked but countries across the world especially spain are worried about what will happen to growing crops and the need for Migrant Workers we have a packed show for you today for the lets go and write it. Now we begin with our daily coronavirus update the Global Pandemic now nearly 87000. 00 deaths and more than. 1. 4000000 and factions on tuesday President Trump slammed the World Health Organization even threatened to withhold funding from the institution he said the organization is very china centric.