Tracking apps under development right now if it is that personal data is a risk of being leaked. Just turned midday here now so good afternoon live from r. T. International zone World News Center in moscow is kevin now in here for the next 30 minutes with the latest round up and lets begin with our daily quick check on the latest global coronavirus figures that total infections now stands at more than 4800000. 00 fatalities have topped 316000 or the number of those whove recovered stands at more than 1800000 around the world. Britains Opposition Labor Party is demanding an investigation into coronavirus deaths an elderly care homes which he describes as mishandled around a quarter of the countrys covert fatalities have happened in residential facilities neighbors deputy leader says people have been tragically let down they should be there should be some investigation into that in case downwards requested that because everything. And weve had medical experts on to him is that we see tha
Youll be credited for the next time you fly so as a result of the pandemic airlines have had to cancel hundreds of flights every single day and in fact the t. S. A. Has reported that as of this past sunday only 122000 passengers were screened through all u. S. Airport security checkpoints and thats compared to 2400000 last year on the same date now the number of operating commercial flights down significantly a whopping 95 percent so whats no surprise that as Airline Companies continue hemorrhaging money passengers are seeking a refund for those canceled flights that were initially denied any cash back so thats why the department of transportation reached and demanded out to the airlines that they comply with passenger requests and give them back their money so its a rare step to see the government step in and tell big private companies how to treat customers until now and. Is this the new normal so are to your parent project has been taking a deeper dive into all of this apparent the
Other nonessential businesses to shut their doors a Record Number of people have filed for unemployment the Labor Department reported a staggering 10000000 people filing for Unemployment Insurance in just the past 2 weeks that means almost all the jobs that were gained in the last 5 years just vanished lets take a look at the most hard hit states the highest number of unemployment claims the files were coming in from california at 870000 over on this side in new york those claims total about 360000. 00 now economists believe that the end of this crisis is not anywhere near the at and as the numbers are expected to continue to climb its estimated that about 20000000. 00 people will lose their jobs in the coming weeks but there is an increasing concern about how its impacting low income and minority communities and whether it will lead to an even deeper divide between the haves and have nots so. More on this lets go to our tease Rachel Blevins she is live in the news room with more to th
I think we should start by checking where we are. Were in the midst of a big snap back day the dow is back over 20,000. Pushing a 9 gain of 1600. The s p good for nearly 8 theres the nasdaq as well up close to 7 . Have we turned a corner . I dont think so. I think technicians is what is referred to as a counter trend move its nice to have. I think people could use a break from just the persistant and constant selling were looking at stocks in the s p 500 be p t the percentage of stocks making fresh hundred day lows that number is slowing down. A few days ago it was high 80s right now its low 60s i think thats pretty good i think well take that. Again, these are the types of days that give you the opportunity judge, if you were panicking and you felt you were too exposed, this would be the kind of day if youll lighten up from a 60 40 portfolio to a 50 50. If you look at the biggest names its happening in areas that have been thrashed mgm up 33 Royal Caribbean up 31 im looking at ual up
Good wednesday morning, welcome to squawk alley im Carl Quintanilla another busy day as our eyes, jon are peeled on the tape. Yes the market give and taketh away. This morning it takes. Dow down right now about 900 points and change. It has been down more than 1,000 rbcs mark and jeff join us now. Good morning, guys good morning. Good morning. So id like to start, mark, with what you do with the many calls that youve made already given this new environment that were in affected by the coronavirus and covid19 we can talk netflix, expedia, two different stocks in terms of how theyre being affected but perhaps illustrative of how investors need to look at their portfolios and how things could be affected. Lets look at netflix, you say its not recession proof but you believe its resistant why . So in the internet space, Consumer Internet space, ke extremes, the companies with the greatest exposures, troubles with their Business Models and the virus and recession, would be the travel compan