Prices. A new study warns japan is facing a double digit contraction in the coming months as the coronavirus pandemic slows the economy further. Shery lets get you started with a quick check on how markets are trading. We are seeing key restocks gaining ground for a third consecutive session. We have seen the rbnz come out and say it is open to increasing the size and scope of its program. We are seeing further upside in trading. Nikkei to futures up. 2 . U. S. Futures under a little bit of pleasure but this of course after closing at the highest level in a month and also entering a bull market. Up more than 20 over its recent low. Wti also gaining ground, up more than 4 above that 26 a barrel level. We have seen a little bit of fluctuation in the oil market. We are headed to the opecplus meeting on thursday. President trump says there are of to slow the spread there are signs that the virus effort is having an impact. In his daily coronavirus briefing, he lashed out against the World
Drug that meant people werent dying of this. In the study, only two people died no placebo up against the remdesivir they were using these are early results but promising signs of hope. The dow futures indicated up by about 700 points if we continue like this, that would put the dow in positive t territory. S p indicated up about 75 points and the nasdaq indicated up by about 177. Lets look at the treasury market yesterday, those yields for the 10year were under a little pressure they had come back down even more we were talking about under 0. 7 looking now at the 10year treasury, you will see on this friday, last trading day of the week, the 10year is yielding 0. 64 . Looking at oil and the shut down of Oil Production and cuts of the number of barrels being produced a day around the globe, you did see prices come back down it is not enough to keep up with the dropping demand. Watching that too. This morning, wti is down to 18. 61 a barrel well be talking markets, potential medical bre
Country want to talk about that and more all right its time to boost your news i q. Opec and their allied Oil Producers held a Virtual Meeting today seeking an agreement on Oil Production cuts in response to a slowdown triggered by the coronavirus pandemic but can all the key players make a deal that will actually last r. T. S. Rachel blevins has been following this story and the high level meetings taking place shes joining us now from the news room with more of the details so rachel whats going on while manila the price war between russia and saudi arabia appears to have reached a cease fire as 2 of the Worlds Largest oil producer seem to have reached a Historic Deal on thursday now this according to reports that saudi arabia agreed to remove 4000000 barrels of oil. A day from its april production levels while russia has agreed to cut 2000000 barrels a day the deal was made during a Virtual Meeting between opec members and other alloy Oil Producers amid a need to respond to the drop
World Health Organization warns the worst of the krona virus pandemic is still ahead global infections down at more than 2500000 with the death toll more than 175000 w h o h o spokeswoman for delicate said all Available Evidence suggests the virus has an animal origin and is not a manipulated or constructed virus in the lab or somewhere else this comes after President Trumps recent comments on determining whether the virus originated from a lab in one china well meanwhile singapore announced its plan to extend the walk down by another 4 weeks the move comes after a sharp surge in corona virus cases in just the latest days. We will implement these type of measures on to the floor for me. But we will not be able to completely lift the restrictions after that and go back to business as usual. We will therefore extend this Circuit Breaker for 4 more weeks beyond that for me in other words until the 1st of june. Then provided we have brought the community numbers down we can make further ju
Food supplies well tell you whats being done about it all right its time to boost your news i. Like run a virus continues to plague new york hitting some of the poorest working class areas the hardest thousands of low paid workers forced to work to make ends meet as they remain on the front lines and now there are reports that dozens of transit workers have lost their lives due to the virus and new research now indicating that the states outbreak actually originated in Europe Trinity chavez has the report. Today the coronavirus continue. Going to take a dramatic toll on new york its like a battlefield behind your house the number of corona virus cases and now more than 150000 with more than 7000 deaths. The virus having the biggest impact on some of new york citys poorest areas the disparities that have plagued this city this nation that are all about fundamental inequality are once again causing such pain. And causing people innocent people to lose their lives its just abundantly clea