Are going to be existing right now in this. Term for the german presidency d. W. As head of politics was earlier romantic has been speaking to germanys foreign minister heiko mass she asked him what sacrifices germany will be willing to make for the sake of e. U. Unity will be talking about that in just a bit were going to go to michelle and now though i understand. Oh ok were live there back at the parliament now with our chief Political Editor Michelle Acuff nurul ode to you again michelle a wide ranging speech by the chancellor she touched on a lot of issues the main focus of course being the economy her motto together for europes economy calling this the biggest crisis in the history of the you. Absolutely corona and the economic fallout is the overarching theme of the upcoming german presidency both tackling the crisis but also looking ahead how your of can emerge from this and there we saw the Broad Spectrum of challenges that america has identified that europe must tackle intere
A virus spread. Why do we have it and when well. Just through the tax and weekly radio show is called spectrum if you would like any information on the clone a virus or any other science topic you should really check out our podcast you can get it wherever you get your podcast you can also find us at. One slash science. Schools closed for months all because of the pandemic. Kids forced to stay at home and its usually the mothers who are left to deal with the added burden that i usually have one hour at my calendar or not much and you have to do. Grocery shopping cooking. Eating cleaning up and checking homework in one hour thats impossible. As the world struggles with coven 19 some women fear that its pushing them back into traditional roles. And this is the covert 1000 special ops even beards in the learn its good to have you with us the pandemic as a setback for women well speak with an expert in just a moment but 1st lets look at the story of one woman forced to put a pause on her c
Ali. The session high was 3088, we lost a fair amount of ground from the first high this morning, the 200 day moving around is 3013 that got violated briefly and we will see if this hospitals. Yeah, and the stocks, we will see if it holds. Bob, good morning, good to see you. Thank you, happy friday happy friday, now you said that to you, yesterdays decline was no surprise. What about todays pop which is quickly fading now what does that tell you about what investor strategy should be i think when you i did klein the amount that we did yesterday, and have some sort of bans, that is not out of the ordinary at all. Im a little surprised it is not Holding Better we were very over bought as i heard in the last interview and i agree we had speculation cream in it felt like because the market was a v bottom that the market was off and running and it is off of the bottom but it will not be a straight line, it will be bumpy im more concerned about the election than the last interview. China, yo
Over to you. All right tyler, thanks very much. All three of the major averages are hanging onto their gains in the month of may tension escalating with china. My theme is still intact thats a broadening of the rally. This is in stutter steps you get a day like today where you pull back a little bit but not numuch obviously, some of the china etfs, thats first one down today on concerns about whats going on in hong kong. Look at the leadership this week russell. Its been bank stocks and Energy Stocks oil is on the downside thats what i mean those groups have been leadership stocks here look at these china stocks we did get alibaba thats down concerned to whats going on hong kong what was down, transports, russell down the nasdaq, the big tech names is under performing this week. This is rotation this is broadening out of the market that trend continues if you look at individual secto sectors, banks were behaving horribly they are outperforming this week so the Energy Stocks even though
The s p down 4 on the day. , 17 on amazing week the dow, 15 on the s p 500, 13 on the nasdaq, all major indices down about 30 from alltime highs. Scarlet sorry we interrupted. You were saying that it will depend on the number of infections and whether that curve bends or breaks . Vince one potential piece of good news, if we look at the country countries that were successful at containing the number of new cases, china and korea, the numbers have slowed to a trickle. In italy, the numbers are still wearable and the news out of italy is horrible. One of the things we do notice is that if you look at the Second Derivative of the number of new cases out of italy, the percentage increase is starting to decline. If we get to a point where the number of new cases in italy flattens and starts to decline, that could be an important Inflection Point for markets because it would be an indicator that some of the lockdowns and quarantines are working and it could create the sense that western econ