A russia safety pact and were on the streets of one aside for the government is bracing for an expected we told coronavirus cases. On the number of corona virus infections worldwide its past 1000000 thats according to researchers at Johns Hopkins university in the United States weve been tracking the numbers for weeks earlier on thursday the University Also confirms that the global death toll now exceeds 50000 well the 1st 500000 cases were reported over 76 days that number to just 8 days to double in the u. S. The economic devastation caused by the a break is also becoming clear a record 6600000 people have no point. More Unemployment Benefits thats 3000000 more than last week and its a similar story in spain stripped quarantine measures there have led to more than 800000 jobs being cuts in march 3 point 5000000 people are know without work lets get more now from the she had returned he joins us from washington d c schippers focusing on the the figures coming out of the states there a
Crude Oil Last Week which hit the highest interday wti up to 63. 72 an barrel ice brent crude is up to 69. 49. Gold hit a nearly fourmonth high last week posting its eighth straight positive session on friday. Longest daily winning streak since june of 2019 right now gold price is up another 1. 75 to 1,579. 60 an ounce. Our top story, tensions with iran escalating over the weekend. Eamon javers has the latest from washington good morning. Good morning, joe the iranians were vowing revenge over the weekend the administration took to television to explain its decision to kill that iranian general who was in iraq last week and to offer an explanation for what its plan is Going Forward. Mike pompeo said the administration is prepared and ready to handle anything that the iranians respond with. Heres what he said. If the American People should know that we have prepared for this, that we are ready well talk cultural that our responses are lawful and the president will take every action nece
President joins me. His new venture. Lets Consumer Shop at home. And, the head of colibra, david marcus, joins us for an exclusive interview. We will hear from him live. First, our top story. Wework continues to captivate wall street and investors. Exploring options for easing weworks cash crunch. News trickled out that the Coworking Company lost its comedic asians officer who resigned last week. With more on the continued turmoil at wework is bloombergs leona baker who has been covering all the facets of the story. Talk to me about the softbank side of this. They are hiring some bankers with the restructuring. What are they hoping to get . It doesnt seem like there is an investment banker right now who is not on the wework situation. We have two new ones hired today. Softbank is working with houlihan lokey, restructuring specialists. Invested 10 billion in we work over the past two years. They want to make sure that the assets are ok, that they understand where the leases are, what is
Last week. Overnight, in asia, japans nikkei topped 40,000 for the first time. Stronger corporate earnings and surge of chip stocks with Artificial Intelligence playing things up. The nikkei above 40,000. If you look back here in the United States, the treasury markets show yields are higher. Tenyear yielding 4. 2 . The price of bitcoin has been impossible to stop lately. You will see it is up another 3. 7 . Above 65,000. It will be a new high. Theoretically. We are watching crude prices inching up toward 80. The high end of the range. 79. 68. Opec plus countries delaying production. That means 2. 2 Million Barrels per day of cuts planned for the First Quarter of the year will continue into the next quarter. We will talk more about this and the implications with helima croft in the 8 00 hour. Congressional leaders released the details of the first six budget bills to keep the government funded. Democrats secured full funding of the special Food Assistance program for women, infants and
Its inflation and employment goals, and the central bank is headed for its expected policy path. More from that exclusive interview with the Federal Reserve vice chair. As we have been reporting, donald trump is to hold a News Conference in a little bit. He told us earlier on in is near its inflation and employment goals, and the central bank is aaded for its listening meeting with congressional leaders that he would have a press conference from 12 00, and a press release from the white house came out and said there will be a News Conference at 12 30. Is ostensibly to name his new labor secretary picked up right lets bring in senior Bloomberg White house correspondent. Margaret, we have some names. Nbc is reporting that Alexander Acosta is going to be the pick. Margaret thats right. That is reported by mbc as well and we are all working to confirm this, the short list you mentioned. , as well as joseph guzman, a reporter and Catherine Templeton from the South Carolina labor department.