He is telling the truth in terms of this is a very difficult situation at best. It will take a long time for the economy to recover and it is tragic for many. He keyed out the 40 of people making less than 40,000 per year losing their jobs in march. A difficult message but a truthful message. Right now the markets appear to be coming to terms with it. In the near term, support is holding. We are still stuck in a range even though it does feel risk off. It is risk off. David tech has given us a break thus far. His tech holding up again . Abigail tech was holding up, you had the faang Index Holding up. Do your point, out of the march lows, tech is up in a big way. The faang index up 20 . To the downside, the financials continue to lag. This year there down 30 . That is 10 of the market. The s p 500, to continue the rally out of the march lows, you will need to see all the sectors get on board, the banks, the industrials, and some of the cyclical sectors are lagging. One reason the banks
Assessment of Global Energy demand. Saudi arabia is cutting output to the lowest level since 2002. As mentioned, we are looking at the start of the trading session. Thats get over to Sophie Kamaruddin in hong kong. We are expecting moves to the downside. U. S. Futures holding onto a three day decline in kiwi stocks. The index is off by about. 33 and markets are priced in new zealand to join the negative rate club. Amid calls for more stimulus around the world, we are waiting to see if china will cut the rate for the third time this year as the country grapples with a week start and millions of unemployed. Emerging from lockdown, the global stock rallies are sputtering. Risk is wave infection being weighed alongside the threat of business failures and job losses becoming permanent. Beyond that, the aussie dollar is bearish and ahead of the april jobs report. It is seen with a deeper impact. President trump says fed chairman jay powell is doing a good job but disagrees with him on negati
And iran now also dealing with the financial strain brought on by coronavirus. The class of 2020 prepares to enter a changed world with graduation ceremonies swapped for socially distanced ceremonies. Was the original epicenter of the krona Virus Outbreak but life in china is slowly returning to normal at least thats the message beijing ascending but clusters of the virus have been emerging inch len province where things stand right now in china and ambitious Mass Testing Programme is being carried out and will hong where the virus was 1st discovered its a mean to test all of the citys 11000000 residents in just 2 weeks World Health Organization has advised countries to test as much as possible but many just dont have that capacity or the virus largely under control across the country the rest of china is so. Only reopening production is up and lock downs have eased allowing people to return to some schools and businesses meanwhile the countrys Vaccine Development is moving forward wit
A changed world with graduation ceremonies swofford socially distant ceremonies. As the original epicenter of the krona Virus Outbreak but chinese officials insists life is slowly resuming and thats despite a new clusters of infections being reported in Jilin Province so lets take a look at where things stand in china right now an ambitious Mass Testing Program is being carried out and where the virus was 1st discovered its aim to test all of the citys 11000000 residents in just 2 weeks Old Health Organization has advised countries to test as many people as possible but most just dont have that capacity with the virus largely under control across the country the rest of china is slowly reopening production is up and lockdowns of ease with more schools and businesses reopening as well as more flights resuming on sunday. And chinas Vaccine Development is moving forward with some drugs already on their 2nd phase of Clinical Trials officials hope they move on to wider testing by july but a
As the weather warms up in the u. K. Many people in seaside resorts are concerned about a possible 2nd wave of cases. Health officials in china are dealing with new clusters of the krona virus in the Northeastern Province of jill and thats despite their best efforts to end the outbreak and ambitious Mass Testing Program is underway and will hong where the virus was 1st discovered the goal is to test all of the citys 11000000 residents and just 2 weeks Old Health Organization is advised countries to test as many people as possible in this country just dont have that capacity or the virus largely under control across the country the rest of china is slowly reopening production is up and locked down cities with more schools and businesses reopening as well as more flights resuming on sunday and its Vaccine Development is moving forward but some drugs already had their 2nd phase of Clinical Trials chinese officials hope that they could move on to wider testing by july but as lee harding ex