Against midway, against the japanese in world war ii the s p jumping 6. 24 . The nasdaq gaining 5. 60 in spite of the hideous jobless claims number in history this is the best day since 1931. So far covid19 has run the table against us we were not prepared and this virus has had us on our heels the whole way. Attacking the very basis of our civilization, life, liberty and especially the pursuit of happiness which in this case means the right to watch march madness, grab a beer, see Cirque Du Soleil in vegas at least until today were up against an insanely bullish last few minutes of trading. Astonishing return for large caps bully. Weve seen big run in all things tech it wasnt coordinated. Like our initial attempts to homeland the line in world war ii we were overcome by a prettier prepared enemy, virus its killing people directly and killing the economy. Like the greedy win at midway, google, watch the movie, even the terrible remake. I am beginning to think we can hold off one of the
A fairly strong currency move this week. Time now for global exchange. We bring you todays market moving news from all around the world. From hong kong to london, frankfurt and new york come our bloomberg voices are on the ground with this mornings top stories. In asia, the coronavirus continues to spread, with south africa reporting a surge in was also inand that south korea. Joining us is stephen engle. Give us the latest. Stephen you have another revision out of china as they get previously unreported cases out of five different prisons in three provinces. You have those supposedly isolated clusters adding to the total again. They revealed the numbers and then added more. In some cases, more than 200 ands in chengdu province another in hubei province. More provinces could report outbreaks as well in those supposedly isolated ecosystems like prisons. As well, we are seeing additional clusters in other parts of asia, not just china. You are seeing a surge in cases of another 52 in sou
Our hardearned money . Reporter the 35yearold billionaire, who hadnt appeared on capitol hill in about 18 months, was criticized on everything facebook, including for running potentially misleading ads from political candidates. Why should the very politicians who lead our country be held to a lower standard for truthfulness and decency than the average american . Congresswoman, this isnt about helping the politicians. This is about making sure that people can see for themselves what politicians are saying. I know, but mr. Zuckerberg, it is hate speech. It is hate. And its leading to violence and Death Threats in my office. Reporter missouris ann wagner also hammered zuckerberg for not aggressively blocking sex traffickers. What are you going to do to shut it down . Mr. Zuckerberger berg . Were working with Law Enforcement and building technical systems to identify well, youre not working hard enough, sir. Reporter as today demonstrated, facebook generates plenty of controversy, and ev
Says it denies the president s constitutional right to due process is there such a thing as due process when it comes to impeachment quick. There is but not what the white house says so the best encapsulation is probably the memo the white House Counsel released publicly earlier this month that memo has set a couple of things first it confuses the phases of impeachment that happens in the house the charges being brought then it continues in the senate that is more of a trial there may be certain rights that attach that the memo from the counsels office says you need to mix those up so to assume that legal conclusion the president has done no wrong and says because the ukraine phone calls and evything else the president has done this is inherently illegitimate and then the white house will not cooperate but then that is against the constitution that allows the congress to do its responsibility. Host in that process the chief justice overseas that trial. During the indictment side on the
Free cspan radio app. Earlier today facebooks david marcus testified before the Senate Banking committee to address concerns over the companys proposed Digital Currency. This is 2 hours and 20 minutes. This hearing will come to order. Today we will receive testimony from david marcus, head of libra at facebook. On may 9, senator brown and i sent a letter to facebook shortly after it was reported that the company was recruiting Financial Institutions and online merchants to help launch a cryptocurrency based Payment System using its social network. Our letter asked facebook for more information about how the system would work. Its access to and use of Consumer Financial information, and facebooks access to and use of information on individuals or groups of individuals in credit, insure, employment or housing. I appreciate facebooks response last week. Shortly after the letter was sent, facebook formally announce ds its intention to launch the Payment System libra and issued a white pape