There is nothing wrong with them. David co and they have the capacity to borrow. Vonnie yes, and lets make it clear. They are the third to have cut this. Jonathan this as brent climbs to be fourmonth high. Lets check in on the markets. Futures are positive ahead of the open. The ftse up around two points, there is a story on the luxury goods in there. If you switch up the board quickly, the dollaryen, a sevenday losing streak. Can we break that . Up. 5 inflation as a 15 month high. And april it skews the number a little bit. We will get to that. There it is on the screen. 7 and brent crude making a fourmonth high. We have lots of news to get to. Lets get to david with the first word news. Both menosecutors say involved in the brussels bombings were involved in renting apartment. 16 victims died in the attack 16d suicide bombers killed others at the airport. Forces in syria are working on the strategic Hilltop Village. The area has been held by groups opposed to the government since 201
Erik. He is on assignment in athens. Stephanie i would love to say that our erik was at the oscars last night, at the vanity fair party, but no committee is working in athens. We have had to take you to the breaking news on the Housing Market. Scarlet fu is in the newsroom with the headlines. Scarlet disappointing read steph. Economists had ratcheted down their expectations over the last three days because the expectation is down 1. 6 as recently as friday. On an annualized basis the rate is 4. 80 2 million, dropped from the prior month. This is not a government report. It is from the Industry Group the National Association of realtors. What it measures is the purchases of previously owned homes. It makes up 90 of the Residential Housing market. Some might argue a more important indicator than new home sales. In terms of the effect on financial markets, u. S. Stocks were lower before the report. No real change there. The dollar takes a little bit of a leg lower even though it is firmer
So the raging coronavirus pandemic in the United States did not dissuade President Donald Trump from holding exactly the kind of crowded event the Health Experts have been warning against. As americans all across the country are being urged to wear masks and avoid crowds, this july 4th holiday, well, take a look at what you see there. Thousands of people sat shoulder to shoulder, for hours, to hear the president speak at mt. Rushmore. Face coverings, as you can see for yourself, were scarce. And while fireworks are a staple of this american holiday, medical experts say such gatherings are a recipe for disaster. As covid19 spikes to alarming new levels, right across the country. Even as mr. Trump took the stage, the u. S. Was marking the thirdstraight day of more than 50,000 new infections. Yet, the president had nothing to say about the pandemic, other than a quick thank you to front line medical workers. Instead, he focused on protecting statues and monuments, such as mt. Rushmore. Th
So, as the u. S. Sees more than 50,000 new covid19 cases, for the third consecutive day, the virus barely got a mention at President Trumps Independence Day celebration at mt. Rushmore. There was no social distancing, and masks were optional for the roughly 8,000 people there friday night. All that, despite the advice of trumps very own health officials. Urging americans to avoid crowds, mask up, and socially distance if they do go out. Trump mentioned the virus, a grand total of, once, in a 40minute speech. You can see, there, traditional Fireworks Show were on to celebrate american independence. That came after rhetorical fireworks from the president , railing against, what he called, a merciless campaign by his foes to erase history, by taking down monuments. This monument will never be desecrated. These heroes will never be defaced. Their legacy will never, ever be destroyed. Their achievements will never be forgotten. And mt. Rushmore will stand forever, as an eternal tribute to o
The World Health Organization says a staggering 230,000 cases of coronavirus were reported around the world on sunday. That is the most ever in a single day. The surge in new infections of course led by the u. S. , which has confirmed now more than 3. 3 million cases overall. Since last week at least 33 states have reported a significant jump in new infections. Now as the outbreak continues to grow the white house has been trying to undermine its own top Infectious Disease expert. President donald trump says dr. Anthony fauci made many mistakes early on including telling people not to wear masks. Now, that was back when masks were in short supply and he wanted First Responders to wear them. Well, now the u. S. Surgeon general is saying the administration is trying to correct its own earlier messaging and believes the country can turn things around. The disease course is about two to three weeks. So just as weve seen cases skyrocket we can turn this thing around in two to three weeks if