There with your global news update this is r. T. International. And we start with the latest figures in the global covert 19 pandemic more than 737000 cases have now been confirmed globally an increase of around 10 percent over just the past 24 hours more than 35000 people have lost their lives and 156000 have recovered half of them in china. Head to moscow we are now in the 1st day of a citywide partial lockdown was announced by the last night with people required to stay at home whenever possible to prevent the spread of the virus into trying to reports from the city center. Well for a whole bunch of reasons including early border restrictions testing and quarantine measures for everyone coming into this country and also pure luck the outbreak of covert 19 in this country in this city in particular wasnt as disastrous as in some other places round this world which gave the russian authorities a chance to try and balance between a lighter measures and very strict measures in their att
Relative sense yes yes. Yes, and they are. Theyre at home as they have been all week and focusing on on frankly theyre not symptomatic and there was the need for testing. Bill ackman on our air earlier today suggested the nation should shut down for a month or so, an extended spring break. If that were to happen, and i know you dont think someones voice is coming through to us, and i know you dont think that is the right course of action, if that were to happen, do you think that would be supportive of market levels or not . I dont think so. I think we need to make sure people need to have access to the markets and i dont think we would reduce concern about how events are unfolding in the coming weeks we have a few weeks of uncertainty and we will get through this and well see how quickly it evolves, but every single day we learn more every single day we put in new protections and new measures and people are taking this very seriously and thats an important thing to highlight well get
Out of his still in the but love that we may keep one another healthy and safe. It will therefore be unusual but mr. Speaker this legislation represents a bipartisan resolve to me the coronavirus challenge. It represents a focus on families and workers to the objective to make them safer and economically supported. It will protect workers and their families and our economy as we all do our part to flatten the curve. Public Health Officials made it clear that the only chance we have to prevent them from getting overwhelmed is for as Many Americans to stay home as possible. It is however necessary to be here, to pass legislation, respond on behalf of thees American People to the daunting challenge. Closure means large parts of the economy are temporarily shut down causing severe disruption for businesses and workers. We saw the impact of this yesterday with the new Unemployment Insurance claims increased by more than 3 Million People. 3million individuals. 3million families rely on them
Yvonne interesting to note the jobless rate, 6. 2 . You have to wonder what the labor market looks like in the face of this bad data. Look at the equity market right now, a free fall when it comes to china but looking better than the rest of the region. Its bring in our next guest lets bring in our next guest. Thea, it seems like economists were a little bit too upbeat. What happened . Julia i think if you remember, the government gradually increased the limit on economic activity. They extended the quarantine since the beginning of february. That likely hit a lot of factors like retail consumption quite a bit. It is happening at the same time with a lot of other factors such as Chinese New Year and a bit of a vacuum in terms of activity any highfrequency nature for the first two months of the year. It is introducing a law of margin for error, trying to get an understanding of the true extent of the the klein. Having said that, a lot of micro indicators were sowing a possibility of a v
The state department advising u. S. Citizens not to travel internationally and return home. They raised the advisory level to four. Huwan which was ground zero reported its first day without a new case we have full Team Coverage for you here bob is tracking another wild session for stocks rick, is watching the bond market for us. Kayla has the very latest on the action this d. C. We start with you bob. An important thing here today is even though 50 point swing in the s p 500 would have been insane a month ago, its kind of normal now its lower volatility than what we have been seeing recently i think thats the key point about whats been happening. If you look at the leadership, its also different. For once were seeing, for example, bank stocks doing Better Energy stocks doing Better Technology doing a little bit better what has been the leadership or what has been going down has been held care, for example, Consumer Staples and they are lagging today. There is a an attempt to buy the m