Its where the coronavirus started but is so where things are now returning to normal so what is chinas post coronavirus strategy the National Peoples congress is dealing with 1st criticism over its handling of the pandemic and concerns over its economy how will china move forward this is inside still. Hello im come all santa maria it is normally a time to outline the strength of china and the communist party but then whats normal about these times already the annual session of the National Peoples congress had to be postponed from its usual salt and march but its happening now amid a pandemic thats all to chinas agendas and shuffled its priorities the country is facing the challenge of restoring an economy that strong almost 7 percent in just the 1st quarter of this year in fact beijings been forced to abandon setting an Economic Growth target for the 1st time in decades now it has other priorities stabilizing employment Living Standards as well it was made by premier the chuang at the
Despite strong sales during the shutdown, especially from walmart. And times of trouble in the Housing Market u. S. Home building dropped by the most ever in april a lot of talk of a bottom has those housing stocks up as well today. Absolutely. But as you said, the Broader Markets near the session lows. Coming up on todays who, well speak with Eric Rosengren on the back of that congressional testimony from chair powell and secretary mnuchin. Well get his read on the economy and whether weve reached a trough in the data plus, well speak exclusively with jim fiterling as the Company Releases a return to work playbook but lets focus in on the big stories were watch ing today. Mike is tracking the Market Action courtney has highlights from retail earnings. Mike, you and the market just selling you have a bit, but of course only lightly following yesterdays big rally. Actually today is i think the narrowest range intraday for the s p 500 in three months and by the way, three months to the d
Its where the coronavirus started but is so where things are now returning to normal so what is chinas post coronavirus strategy the National Peoples congress is dealing with 1st criticism over its handling of the pandemic and concerns over its economy so how will china move forward this is inside still. Hello im come all santamaria it is normally a time to outline the strength of china and the communist party but then whats normal about these times already the annual session of the National Peoples congress had to be postponed from its usual salt and march but its happening now amid a pandemic thats all to chinas agendas and shuffled its priorities the country is facing the challenge of restoring an economy that strong almost 7 percent in just the 1st quarter of this year in fact beijings been forced to abandon setting an Economic Growth target for the 1st time in decades now it has other priorities stabilizing employment Living Standards as well it was made by premier the chuang at t
Yes look, theres no doubt about it, as becky said, things are better after than before. Skeptics will say you cant ramp up this rna. Moderna has been saying they can do 800 million to 600 million to 900 million vaccines, and i think therefore the move in the dow and the move in moderna makes sense. Do i want to chase moderna no do i feel like things are better its hard to believe that anybody could do this this fast, except for moderna i want to caution people, they have never really done anything. This is a very, very big deal. But there are people scientists i talked to this morning who say look, so far so good thats much different from the way i felt on saturday when i learned that the oxford test that everyone was so excited about did nothing. So this is not on prime mateates is on humans if youre negative on the market, you have to rethink. People will say we have to buy value. Autos are pumping. This is good news. You dont think its a sell and stay at home kind of stocks day . I
Stranded with no income no work the pandemic or shes millions of Migrant Workers out of a job and that families back home go hungry so who should look after the. Crisis change the way wealthy countries use foreign labor this is inside story. Hello welcome to the program. Farm workers are often the backbone of many societies they are doctors nurses shop assistants and manages all this take low skilled work the citizens of wealthy nations wont do they have families back home depending on the money they send but millions of Migrant Workers have seen their livelihoods evaporate as the corona virus spreads economies all over the world have been hit by the effects of lockdowns salaries are being cut or staff fired as business dries up the World Bank Says global remittances will drop by 20 percent this year the sharpest fall in recent history Migrant Workers sent home 554000000000 dollars last year a wreck or remittances overtalk Foreign Direct Investment as the biggest source of money flowin