Converted him i got a call from his wife that he had died and was flabbergasted its not safe for people who just have chronic pain to give them opioids because they dont have the years of tolerance built up that people with heroin addiction have to really understand the complexity of being that drug is a reflection of. Training this was the published data i said theres something wrong here. And that left a. Hole in my heart i still remember him very very clearly he had opened up a shop a Small Business and was really getting on conceit and he even gave me his a. 100 day to come running accomplish that information was dribbling in that the opioid miracle pain relievers were killing people is produce pharma and the other Drug Companies would have acknowledged a potentially lethal effects of opioids when these problems are 1st discovered hundreds of thousands of lives could have been saved instead they took steps to suppress negative information within a month received a 3 page letter fro
Far, but the lowest number of daily deaths for some time, Governor Cuomo saying 474 people died in new york in the last 24 hours. We have cases surging in italy, singapore, ireland. Treasuryetary of Steven Mnuchin says most of the u. S. Economy will be open by august. I want to bring in our markets reporters taylor riggs. Taylor, what is driving the rebound in particular today . Taylor markets are breathing a sigh of relief. We are waiting for the 480 4 billion stimulus package to go in front of the house. There will be signs of the flattening of the health curve we have been talking about, as well as earnings. Were getting back some of the fundamentals, and Oil Rebounding after six Straight Days of losses, so mark is taking a sigh of relief. Look at the stocks within the chipmakers. Up almost 6 , having one of its best days, the biggest outperformer. A lot of earnings are underway, so getting back to fundamentals of what is driving this market. Two companies in that soft index i want
Markets i treasuries as well. The aussie 10 year yield down 16 basis points and money rush into the end. Oil in a bit of a freefall once again. Brent crude down more than 6. 5 . We areke below 20 and watching indonesia here in particular just coming online. The stock index drops re. 5 . Once again, we are seeing a lot of these em volatilities, back once again. We are watching the pboc after that interesting move to cut the seven day repo rate by 20 basis points so they are joining in on the stimulus ways. Lets get more on this with david ingles coming forward. We are watching u. S. Futures in particular continue to head lower. Lets start with the 7 billion injection into the system. I mean, quite a bit. David yes. A couple of things i guess to get out there. You dont normally see a reduction of this magnitude from the pboc. You also have to consider the fact that we know the economy is not doing well and in fact, the latest forecasts now suggest quarter on quarter, you take the median.
High of the day. Futures were limit up. Westart the session started the session up more than 5 at one point. Only a few days ago, we were wowed when the tenure went through 1 . It is hoping to hold know that it is approaching 1 again. The dollar stronger today. Below 107 on the yen, 106. 94. We will be speaking with john taylor of Stanford University in just a moment. Guy this doesnt even feel like a dead cat. It feels like a dead kitten. The equity markets are bouncing, but not much. Europe is off its session highs. Relative to4 , but the biggest move ever to the downside yesterday, that doesnt feel that impressive. Trading at 307. A lot of action in the german 30 year. You are seeing bid offers tightening up a little bit. Thats good. Liquidity may be starting to come back. That was certainly a focus for the fed yesterday. What is interesting as well, the bdp market is on offer again. We started to see yields coming back down again after yesterdays christine lagardeinduced move. That
This hour all across the welcome to our to international my names you know. Its been a landmark day for nato with the leaders of its Member States gathering in london. Series of high profile disputes in recent months including over funding. Looking to ease the tensions chief it seems has been feeling optimistic. Does your breakfast president trump. It was awful was a good breakfast. Orders. As always paid by the United States. Well the alliance is chief to see if he expects the Member States to agree on methods to further strengthen up the summit and of course the spike growing divisions inside the organization itself weve seen a few examples in the last few weeks nikki more. Happy birthday nato thats 70 years of strategic economic and security stability especially if you ask them yourself nato is the most successful alliance in history that all those strive to join showing the historic suspects of no 2 on liberal nato and they does been the most successful alliance in the history and