Classes. Pricee the new york crude under pressure. We have this key meeting taking place of opec plus today and tomorrow. The gold price at the moment is showing weakness. Buy yourself finance. Bitcoin is erasing some of the 9 . Es by going up nearly lets look at the other first word news headlines. Lets join karina mitchell. Karina bloomberg has learned readingna the latest on chinas economy shows recovery is getting momentum. Manufacturing and services, pmi data both beat estimations. In aty performance came 52. 1. The economy is gaining strength despite sporadic epics of covid19. Bloomberg has learned chinese regulatory officials have said that the chances of jack mas stockoup revising its are looking slim. They are still reviewing changes needed to appease regulators. An additional delay would be a setback for ma. Has big dollars the fight to overturn his election will not reach the supreme court. He told fox it is hard to send a case there and he probably wont succeed. He rehashed
Is the first air travel bubble of its kind. There we go. We should be watching airline stuff as well but a lot of that thisready priced in after bubble was announced a few weeks ago. A have a look at the tech index here. Alibaba and tencent on the market at the moment. They are taking 179 points off the hang seng index itself. That is as we are seeing this rotation out of tech stocks, a global phenomenon at the moment. This will be because of the regulatory challenges we will be facing through some of these online retailers. Juliet . Juliet lets get Market Analysis with patrick, the global asset strategist. Patrick, we are finally getting this news of this travel bubble between singapore and hong kong. This is one thing that investors have been looking for when we start to see Global Travel open up and how that will feed into the energy markets. Lets get to our question of the day. That is when will crude back to these march highs . What is your view . Patrick morning. We are not speci
Regarding the science of corona virus and i want to break this down for you because this is really important stuff number one number one remember how we were told that covert 19 was essentially a respiratory disease right that primarily attacked and targeted our lungs it appears that is not the case now see this is new information but 19. Turns out to actually be more of a bascule or disease that attaches to blood vessels and causes blood clots that means its not confined to the lungs but rather to any organ which is why people can die of Kidney Disease or Heart Disease or stroke etc in fact in autopsies when they started looking at all the coated 19 patients who obviously had died they found thousands and thousands in their bodies of little blood clots that are caused by this coded 1000 virus number 2 the virus does seem to have mutated as expected by the way viruses mutate the original strain or the strain based on where it was 1st detected tends to be more lethal it kills more peopl
That is where we are at the moment. Another down day for crude. Brent also down. Tom lets get more analysis on the market. When you look at what happened with help things are playing out in asia, is it taking offer a stellar quarter . Probably a bit of both. Concern withys the cases we have seen. In cases like texas. They have a bit of a crisis going on there. The fact that new york, new jersey, and connecticut have now set a quarantine for people who travel from these hot zones and the rest of america. Imposing an economic constraint. They are worried there will be another abruptness to this. That the Economic Growth that america had. In states of new york, when they take this action, that is a worrying time. That would hurt businesses on a much bigger basis. That is what wall street is concerned about. The hit to the economy. There has been talk the u. S. Government is getting ready to do a fourth round of fiscal stimulus. There has not been any details yet. The market would be conce
Demand. Ng server taking a look at the csx 300, up three tens of 1 . China unicom out with numbers. It shrank in the First Quarter. Page, take ap the look at where oil is. From the uglylly selloff to below zero. Futures in new york rising. Climbing after falling to a 21 year yield. The old story is about Global Demand shock. About two unveil a supplement fiscal package after the economy suffered its worst contraction since the financial crisis in the First Quarter. Fiscal stimulus our next guest says for skill stimulus plans are ineffective. Turning us now is jim walker. Joining us now is jim walker. Good morning. You say it is about businesses. Jim exactly. Type ofa very different crisis from the ones we have seen under the past where recessions and even the asian crisis you could take as being a downturn in demand. This is really a government mandated cessation of business. While governments are forcing businesses to lucked out and people to stay at home, basically, it is incumbent o