1000 new cases a day i would not be surprised if we go up to 100000. 00 the day. Schools reopen in thailand but some coronavirus restrictions remain in place well have a live update. Mourning in the streets about is about a popular ethiopian singer known for his political songs a shock that. Hong kong is marking the 23rd anniversary of the citys return to chinese rule just hours after a sweeping National Security law was imposed its chief executive carol lam described the passing of the law as the most Important Development since the handover small groups of demonstrators gathered in the city to denounce the legislation they say the road hong kongs freedoms and shot as its status as a Major International financial center. But chinese legislators drafted hong kongs National Security law in secret without any input from the citys legislature and at record speed its details became known only after it was inactive the law will punish loosely defined crimes such as subversion secession and
Getting some headlines for the International Energy agency. The focus on what they see oil demand like in the coming years. Oil demand will not fully recover until at least 2022. That may have an impact on the price of oil. New york crude wti pretty much flat. Markets focused on this extra stimulus. We are also expecting to have more data points with damage the economy. Plans with sentiment in the wave of it would also be great to look at treasuries and things like that. Lets get a Bloomberg News here in london. President trump is weighing an infrastructure proposal worth nearly 1 trillion to spur the u. S. Economy according to bloomberg sources. The plan would reserve most of the cash for traditional work such as roads and bridges but they would also go to wireless and broadband pretty broadband. Ae eu and u. K. Seem closer to brexit deal. Russells is confident Boris Johnson is willing to compromise and the Prime Minister said chances of agreement are very good. Injected new momentum
That were thought to benefit if we have a slow and healthy unwinding of all of this but dont be surprised if these weigh on the markets because in the sixblock area of a beautiful city its unsiege as occupy seattle if you will, dan springer knows it well, he hes been reporting better than anyone else, dan its a tough position for the mayor to be in, the police chief to be in because they dont seem to be on the same page and id imagine people who live and work in the area but how are things going today . Well neil, this is bizarre and concerning and yesterday the mayor had her first News Conference since this began monday night and she basically said she doesnt know how this is going to end and she likened the people inside to a gay pride festival and she said afterwards she was asked by cnn how this is going to end and she said who knows we could be in for the summer of love but let me take you behind me to one of these barricaded entrances that theres six of them and look at this guy.
Will reopen the economy if it is safe. And the italy and italy and lowering in the number of cases. Manus we are getting some breaking news. We go to the heart of earning season. Single structure. Jennifer may will leave at the end of may. Numbers, First Quarter, nonir four f. They see a solid start to 2020 despite the eye of the coronavirus storm. And First Quarter results, they theyted some softness and had said there was a little bit of a dent with a significant new business having been derailed. They see a solid start to 2020 amid this covid19 crisis implying a strong rebound. In the structure at sap. We are waiting to see if any other news is coming through on their dividend. Good morning. It is all about the oil market. Nejra absolutely. 20 7 revenue increased for sap. The tech sector is going to be in focus this week. In the u. S. As well, we have the following revenue and the pulling away of the forecast for ibm. Tech has been resilient in the equity market. If that falls, we m
Whats up, zoom is up, amd, shopfy, nvidia, stocks that would be categorized as stayathome stocks, companies that benefit from people using their computers, using broadband and video conferencing, Something Like that. Maybe thats whats driving the trade for the morning thus far well see where it goes from here, morguen. Thats exactly why the nasdaq is positive, albeit just above the flat line as the quote unquote stayathome stocks, and worth noting that the small caps, the russell 2,000 is underperforming down 1. 5 where the nasdaq has sort of become the stayathome stock shutin index, if you will, because of all of those tech names that are levered to the dynamics weve seen playing out in society in the last couple months, the small caps aremuch more geared towards the reopening and the prospects of reopening, given the fact they are so domestically skewed economically sensitive and tiered to what its going to be like to get workers back into jobs and the like and what that process is g