On in berlin thanks for joining us a rare bit of good news on the economic front in these troubled times germanys central bank the bundesbank says its expecting strong growth in germany in the summer of this year but its also warning against expecting a return to precrisis Economic Activity too soon. The days when there was not a soul to be seen on german streets are over with the lifting of coronavirus restrictions life is returning to normal since the low point in april things have been on the up. In the 2nd quarter the German Economy slumped by 10 percent the biggest fall since world war 2 the Balance Sheet for the Current Quarter looks set to show a big increase according to the bundesbank. The impact of the coronavirus in the broader economy has been relatively small the engineering industry shed over 30000 jobs in the 1st half of the year with over 1000000 employees in the sector this is bearable. The Services Sector and private consumption also did not completely collapse as the
They have to take Vacation Time for those 14 days. Let us go through some numbers. The increase continues, we are up to 10,482 cases. 23,000 people were tested, the highest number we have ever done, that is good news, 280,000 total tested. The number of new cases, 10,841. A new high. The total hospitalizations, 15 thousand people currently hospitalized and 4000 icu patients. 10,000 patients discharged, that is the good news. The number of deaths, all time, increase up to 3565. Most impacted states, you see new york at the top again, new jersey has a serious problem. In new jersey, and a growing problem. Then michigan, then california, then massachusetts. Total number of hospitalized, is down a blip, but we believe that is not statistically meaningful. Do you have the number of icu cases, are up. The number of intubations are up, the number of discharges are also up, and this is interesting. Two thirds of the people who have been hospitalized have been discharged. Ok . Two thirds of the
The governor of california recommends the elderly should take shelter in their homes. New york city closes its schools. Many states close bars and restaurants. Hourly workers, in dire straits. The economy is grinding to a halt and we dont know how long this massive disruption will last. All right. Heres the financial reaction. This monday morning, stock futures are limit down and when we open an even bigger drop is expected. That may mean a trading halt. Travel and leisure stocks again beaten down. Airline stocks, decimated. Last night, the fed took emergency action, cutting rates to the lowest level since 2008 and pumping 700 billion into the Financial System. Were waiting for a rescue package from congress. Were waiting to see if the administration will put money directly into the hands of affected workers, helicopter money, for example, and into desperate industries. A kind of modern bailout. So whats next . We will find out in 90 minutes. At 10 30 eastern, Vice President pence hold
He joins us from detroit with the latest. Hey, grady. Reporter hey, neil. As you said we dont know the specific details of this contract but the news it has even been agreed upon by the two sides is just trickling down to the workers here. Obviously theyre pretty excited by the news. I want to bring in jessica. You came from the plant you work in at indiana to be here at the Renaissance Center where the negotiations are happening. How do you feel you know there is an agreement . Even though it is cold and rain any were excited to be out here at this critical moment representing the union and good news. Reporter what has been on strike without pay . It has been hard on a lot of people. 2 a 50 week a not as at all. Reporter youre a temporary worker, negotiations are behind closed doors. Were told this created a pathway for somebody like you who has worked three years consecutively, will be able to get fulltime employment f that is the case, if you find that out tomorrow, once the contrac
The president meeting right now with congressional leaders at the white house amid on going crisis in syria. Well bring you any headlines from the president this hour. We mentioned we are waiting for netflix now. Wee bring in our panel, gary b. Smith, kadena group president. Also a fox business contributor. Jack hough, barons associate editor. What are you looking for on they netflix. We call it earnings report, how many new customers you bring in who are willing to pay. Last quarter was a disappointment. The stock plunged. I think in this report they dont really have to beat the estimate. I think they do have to meet it. You cant go into this later part of the year without melissa hold on right there. We have numbers. Connell revenue is right in line. 5. 25 billion was exactly what we were expecting. Deirdre will have more details what you see. Stock is selling off there. I dont have a comparable earnings per share number that i can give you yet. Im not sure if it is earnings per shar