One progress review should happen soon. More signs offers china strengthening rebound. Sales jumped by one third last quarter to 22 billion. The company insists it is no threat to u. S. National security. Lets take a look at how we are shaping up on this final friday session of the day. Lets get over to sophie he was taking a closer look. What are we watching . Vibes coming through with futures largely higher. We could see some weakness in korea following the drop that we saw for the kospi. On the docket today were looking at cpi from japan. Nikkei futures move slightly higher this morning, while the yen is trading below the 106 handle. Pulling up the chart on the terminal, we are watching to see if tech will bounce back in the region after thursdays selloff which saw the kospi with a big loss and the worst day for the regional tech index since march. Samsung took a hit on the south outlook for to prices. Prices. Outlook on chip potential hits on huawei and delayed 5g. That could hurt
Lets get a check on these markets. We are waiting for shinzo abe to make the press conference this morning. Following that news we did see the dollar dropped against the japanese yen. We have pictures of shinzo abe at the podium in tokyo. He is stepping down two to Health Concerns due to Health Concerns. He is japans longest serving Prime Minister and will make these remarks this morning about why he is doing so. He is leading ahead of its term set to expire in september 2021. The Big Questions are abenomics and what it means for japans economy, quantitative easing, stimulus and structural reforms. Freaky arrows of his economic plan, many are saying the Silver Lining is the boj under kuroda will continue, and that will support the economy. He is taking the stand now. The boj plans to keep current pace in september. Lets listen to what shinzo abe has to say. We have been fighting against an invisible enemy. We tried to minimize the infection as much as possible. We tried to avoid sympto
Traders are concerned about the swelling global glut and the lack of storage. The skies are darkening over japan as the coronavirus bomb the dimmest view on the economy for a decade. We have that this hour. Shery breaking news at the moment. We are hearing from treasury secretary mnuchin saying the u. S. Has no current plans to create a Federal Reserve facility to inject funding into nonbank or gauge servicers. This of course as we have seen recent government moves to help the firms get through the risk of borrowers missing their mortgage payments. Again, treasury secretary mnuchin saying he has no plans for lifeline. Lets now bring in our congressional government reporter, emily wilkins, on the line for more on what we heard from President Trump as well as Vice President pence on the latest efforts when it comes to handling the impact of the coronavirus pandemic. Emily, so secretary mnuchin saying that he has no plans for mortgage servicer lifeline. He says the steps are taken by agen
Years behind bars. Then rushed to the hospital with chest pains. Now he faces another legal battle. And marens moment. We join country star maren morris at the houston rodeo as she got ready for the biggest moment of her career and prepares for the birth of her child. Its march 12th, 2020. Well have the latest on the coronavirus right after the eye opener, your world in 20 seconds. I will always put the wellbeing of america first. The virus will not have a chance against us. This is a different crisis for this president and this presidency. And this entire administration. You cant give this a nickname. You cannot belittle the coronavirus. It is growing and spreading. As the World Health Organization has declared the coronavirus tbreak a pandemic. Citing alarming levels of spread and activity of the virus. The nba season placed on suspension over concerns of the coronavirus. This is crazy. This cant be true. Its not within the realm of possibility. It just seems more like out of a movie
Lets get over to china correspondent in beijing for more. What are the latest developments . The economic front, we did hear from the finance minister over the weekend. There will be additional measures from china to cut taxes and fees to support the economy. We saw additional meters over bond issues at the local government level. Additional letters from policymakers to support the economy. Meet its social and economic target. The question is how much budgetary pressure china will be under and how aggressive these stimulus measures are going to be. Pboc has lowered Interest Rates ensure Financial Markets in terms of cases, 68,500 are the latest numbers in terms of infection. 1600 deaths. The rate of infections continues to slow. We had a doctor out of one of the hospital say that now according to state media, this is starting potentially to peak the rate of infection. The new officials on hubei profits, wuhan is the capital, population they are told not to leave their homes. Leadership