Also his rhetoric reiterated when it comes to china, saying china should have kept the virus where it was and could have stopped this virus spread. These are the latest lines coming through, the president saying trump the u. S. Can deal with the flareups. We are seeing with stocks we are basically coming off some of the lows but still heading lower today, u. S. Futures extending losses to more than 1 now. Jakarta coming online. We have a Bank Indonesia decision today, expect some type of rate cut. When it comes to india we are watching the standoff on the border with china. Besides continue to talk. They are pledging to deescalate after the deadly clashes. Here is what we are watching out for, not a lot of catalysts. Looking at the dollar, it is very much on the stronger side and youre seeing the likes of the aussie dollar reacting to those unemployment numbers which was a big miss. U. S. 10year yield, seeing bonds that are up as well and the china 10year yield is what we are watching
To a result in places that have already reopened being watched by others on the costs like miami promising new scene. Some of the statistics about us a strong United States are real and started to see some level resurgence and thats always a concern for us mayor bill de blasio says the timeline for new york citys eventual reopening is up to new yorkers keep buckling down on the social distancing. On the shelter in place on the news in the face coverings all these things its literally a direct line between what you do and our ability to reopen anything. Reopening decisions forcing a careful balance of economic here. We are at billion budget deficit that is directly covid induced and Public Health concerns in washington, im karin caifa. Our big story this morning with more stores in San Francisco opening for business out of the states face to guidelines kron fours rana harvey has a closer look at what shoppers can expect. Thats right starting monday. You can stop by some of your Favorite
Major peers. Cofounder sewing softbank for reneging on a 3 billion deal. Shery take a look at how markets are trading at the moment. We are seeing upside for u. S. Futures, kind of flat right now, paring back some of those earlier gains that were already adding to the rally we saw late in the session in the u. S. But paring back some of those gains. Kiwi stocks gaining for a second session. Sydney futures higher by. 3 percent. As we head towards the rba Monetary Policy decision, not much change expected there although we are hearing from the treasurer that we could see a deep contraction this quarter. We are seeing crude gaining ground, extending gains above 21 a barrel as we see u. S. Build now slowing. The push to reopen state economies is clouding efforts to predict the official told from the coronavirus p he has ramped up his death production. Coronavirus. He has ramped up his death projections. Greg sullivan joins us now. President trump still pushing for the reopening of some sta
Motorola unveil a that. We will take a close look at these devices ahead. There seems to be no end in sight to concerns over the coronavirus. The death toll continued to jump after the epicenter revised a method. Thousands of passengers have been quarantined on a cruise ship in yokohama. Demand dropped this quarter for the first time in more than a decade. For market reaction, paul allen and i spoke with victoria hernandez, chief Market Strategist at Global Market investment. We are watching the headline to see what is driving the market. One of the things we tell our clients is that we want to look through the headlines when it comes to investment and strategy. We want to take a longterm approach. Yes, theook day today, virus has caused volatility in the market. We saw that this morning when they reported the higher cases of virus in china. I think we have to look at it a little bit. The market came back and gained 50 what they lost. A lot of that because the increasing cases was due
Its a huge market ecommerce in africa but so far only one in 20 people are making use of it china is on the bubble and International Trade platform could change that but. Also coming up the dark side of orange a court rules the Telecoms Company sponsors drove employees to suicide. And will the rise of ecommerce spelled bad news for south africas glitzy make up all this. Im not a jones and this is due to the business africa welcome. Online shopping is huge in most parts of the world in germany some 94 percent of Internet Users over 16 shop online but the situation in africa is very different there are fewer than one in 20 people use ecommerce a huge potential market but there are hurdles regulations such as Consumer Protection are lacking in many regions and purchases often dont trust Online Retail infrastructure is another problem if roads are bad reliable deliveries cant be guaranteed Rural Regions often dont have street names house numbers and Payment Systems are often in adequate de