Across the break to save the soul of beirut we visit the historic neighborhoods in the lebanese capital devastated by the port explosion. Another day of bleak reports from around the world as the coronavirus pandemic rages on india is still struggling to bring it under control the number of deaths there has now passed 50000. 00 its the 3rd worst affected country with more than 2 and a half 1000000 people infected is having a devastating economic effect japans economy has shrunk needs 7. 8 in the last quarter and the outbreak has forced new zealands Prime Minister to postpone next months general election the country has seen a resurgence of cases there after boasting for 3 months without any infections. Over mourn situation in india lets speak to elizabeth purana she joins us now from new delhi and this is the launch number of deaths in india crossing the 50000 mark but how accurate all these numbers given the road to be the number of tests and the type of tests being conducted. Hi laur
2027488000. Mountain and pacific, 2027488001. You can also send us a text at 2027488003. You can also post to twitter and facebook. With thoseis morning numbers courtesy of Johns Hopkins university. The total number of confirmed cases in this country approaching 1. 7 million. On the right side of the screen, there is that figure, the death 98,929, 98,000 929. Nearly 100 thousand americans have died. A special pullout on the usa today, these are 100 people out of the 100,000 americans who have died from the coronavirus. Different ages, races, and backgrounds they point out. The next 100 days could define a new era, right usa today. It did not take longer than 100 days for the virus to claim the lives of nearly 100,000 americans. Thenimaginable toll, since first person in the u. S. Died from covid19, which is thought to have been february 6 in california. Borne out by the diminished rates of new infections and deaths in may is not enough to keep the u. S. From reaching that grim mileston
With the hopes of going ahead. The Federal Reserve move made a turnaround. That led to selloff yesterday. Dow industrials down 582 points, nasdaq down 18 and s p lower by 67. Reports that u. S. Airlines are looking into voluntary shut down of passenger flights across the country this morning. We will take about it. Ceo of boeing David Calhoun joined me later this morning on asking for bailout, suspending dividend and foregoing his own pay and shuts down. Im going to have a report for you jpmorgan says theres a trillion dollars wait to go flow waiting to flow into stocks. President Boris Johnson putting people in lockdown and banning meetings of more than 2 people. Take a look at asian markets here. South korea doubling coronavirus package. Kospi index off 8 and a half percent overnight. More bad news on the chinese economy to report. Latest survey from china warning economy could shrink to 10 to 11 . Thats just the First Quarter for china. Take a look at 10year treasury rise and settin
Well, tech is holding up well given it has high multiples coming into this part of the reason tech is the answer to some of the issues particularly working from home, things like krits tricks, zoom, microsoft, amazon, have outperformed it appears this is going to be somewhat of a permanent change theres a spike but even coming out they could benefit we would like to see more breadth within tech. Its been big and focused. Last week was interesting. As we started to get a rally in tech we got a sense for whats going to perform on the other side, services,semis, smaller cap names. We dont think were there yet but looking for infection rates to come down, pmis to improve. The economy is on the mend and then hopefully on the other side steve, its interesting over the past day we see some little moves in this environment that might suggest something. Yesterday microsoft announced changes to office 365, calling it microsoft 365 planning to open up access to teams and features in teams to more
For sirera iara eisen. What recession a better than expected jobs report started the morning with an optimistic tone china says it has reached a consensus with the u. S. In this weeks trade talks and exxon ticking higher along with industrials and financials. And in just a few minutes, the actor who plays logan roy on hbos secession will join us on the cutthroat world of media competition. Hes going to be right here at post 9 joining us for the hour is kara fineman. Here we are sitting basically at the highs of the session i found it really interesting that yesterday the markets got pretty derailed by worries that the trade talks werent going so well today we have an agreement of principle and we really didnt move so much we have that other data out today, so its hard to really parse what to me, this kind of day seemed pretty goldilocks. You had a really good jobs number in the morning, right you had progress on china. Although ive got to say, im skeptical on every update that we get a