Than a week. And in real estate, remaining a sellers market. That and more coming up. Good morning, good afternoon, good evening welcome from wherever in the world you may be watching. Im Brian Sullivan if you were hoping for another day like yesterday, you might want to get another cup of coffee things more se date. Futures are flat to slightly down futures are a little in the red. A far cry from yesterday where we had, in case you missed it, a 900point surge. That was that averages best move in more than a month. There is really three different pieces of news that gave investors peace to buy you had new numbers that show the fatality rate. Midto late march many states have reopened. Did not show big jumps in their new cases. Federal reserve chair jay powell, ill sum riz, the bank will throw an unlimited amount of money at the problem and Interest Rates are not going to move higher anytime soon hope around the vaccine moderna stock surging more than 20 yesterday. Shares up slightly to
Together to celebrate the holiday. And out in the sunshine celebrating the easing of the lockdown over lenders are enjoying their new freedoms. Welcome to the program im arun tilton the World Health Organization is warning that latin america has become a new flashpoint of covert 19 infections are rising sharply chile has more than 60000 cases thats the 3rd highest number in the region after brazil and peru and chile the growing frustration over lock downs and job losses is rekindling the anger behind recent antigovernment unrest. For in this shopping not for herself but for those who have stopped going to the supermarket because of the threat of the corona virus fernanda is an actress but lost work because of the pandemic she took this new job to help make ends meet i used. To like i know you. Go like most of the time but now i dont have that you have money to pay for. Fernandez and her partner ignazio have a son ignazio a musician now gives lessons online but their Household Income do
More work from home. It is thursday, may 7. You are watching Worldwide Exchange here on cnbc good morning, good afternoon, good evening. Welcome. Im Brian Sullivan thank you for joining us on this 75th anniversary of ve day 1945, world war ii and europe ended. Looking at the market and your money. Setting up their thursday morning. We are seeing futures with potentially a rebound in gain. Getting to more on that in one second this would also regain like we said what we lost yesterday. Up nearly 3 this week alone weekly jobless claims are out. They are expected to show another 3 million americans have filed for unemployment. We are nearing 30 Million People out of work. Markets wont move on that it is widely expected. Obviously a difficult number to hear we have breaking news on United Health the health insurancer announcing it will provide 1. 5 billion premium rebates. Joining many Auto Insurance Companies Offering rebounds as people are simply not consuming their products right now we
As a result of the coronavirus pandemic, putting the country technically into recession. The World Health Organisation says up to a quarter of a billion people in africa could catch coronavirus this year. But says the outbreak is likely to be less deadly than in europe and the us cafes a nd restau ra nts have begun reopening in many parts of australia, but with limits on the number of customers allowed in. And calls for nhs workers in the uk whove treated coronavirus patients to get the same Mental Health support as soldiers returning from war. It would be like having, you know, 15, 20 patients who are really on the edge who are going to die in the next few hours if you dont do anything every 12 hours. That is how bad it is. Good morning and welcome to bbc news. Im Annita Mcveigh with the latest developments on the coronavirus outbreak in the uk and around the world. Here, unions representing teachers and school staff will meet the governments top scientific advisors today, as they dem
You are watching cnbc. Good morning, good afternoon or good evening from wherever in the world youre watching. Im Brian Sullivan im glad to be with you during this troubled and turbulent times. Coming off friday 700point game gain for the dow futures are lower, indicating a drop of about 200 points for the dow, slightly less for the nasdaq 100 your big story right now is the price of oil and a new week bringing the same old story prices, they are falling in a big way. The may contract right now at an incredible 14 and change per barrel now down 22 overnight. The may contract, keep in mind, does expire tomorrow its also important to look at other contracts. Primarily the june or july contracts for oil. They are slightly less dire. The june contract at about 23 bucks. The problem with oil is very simple there is so much oil being produced around the world and so little demand right now for gasoline or jet fuel that unneeded and unused oil is simply piling up everywhere. Many storage tank