And farewell to an icon of both bollywood and hollywoods a fun car and dies at the age of 53. 00. Its still early days in the pandemic caused worldwide recession but we now have a better sense of how hard key sectors of the economy being impacted the Worlds Largest economy the United States is wiped out a decade of growth shrinking by 4. 8 percent in the 1st quarter according to figures released a short time ago one of its largest manufacturers boeing has reported losses of at least 600000000. 00 while european rival airbus says that it lost more than half a 1000000000. 00 in the 1st quarter of 2. Europes largest economy will have the worst year since the end of the 2nd world war germany contracted by 2 percent in the 1st quarter but is forecasting a 10 percent drop in quarter to compare those figures with what we heard from china 2 weeks ago a near 70 percent decline and historic drop in performance compared to the same period last year out of there as john hendren has been following
Ignored risks to civilians in a drone strike in tripoli last november. Actually. Going un special rapporteur from the young mom calls out that ations leader Aung San Suu Kyi over the continued persecution of rohingya muslims. And well to what i call the problem of india act of funk rock dies at the age of 53. Its still early days in the pandemic caused worldwide recession but we now have a better sense of how hard key sectors of the economy are being impacted the Worlds Largest economy the United States has wiped out a decade of growth shrinking by 4. 8 percent in the 1st quarter according to figures released a short time ago one of its largest manufacturers boeing has reported losses of at least 600000000. 00 while european rival air bus says that it lost more than half a 1000000000. 00 in the 1st quarter to europes largest economy will have the worst here since the end of world war 2. Germany contracted by 2 percent in the 1st quarter but is forecasting a 10 percent drop for quarter
Actually absolutely destroy the outgoing un special rapporteur of course Operations Leader Aung San Suu Kyi over the continued persecution of Rohingya Muslims im joining the with sporting doubts around the take here lympics is japans Prime Minister says it will be impossible to host the games next year unless the current virus pandemic is contained. Its still early days in the pandemic triggered world wide recession but we now have a better sense of how hard key sectors of the economy are being impacted the Worlds Largest economy the United States has wiped out a decade of growth shrinking by 4. 8 percent in the 1st quarter according to figures released a short time ago one of its largest manufacturers boeing as reported losses of at least 600000000. 00 while european rival says that it lost more than half a 1000000000. 00 in the 1st quarter to europes largest economy will have the worst year since the end of the 2nd world war germany contracted by to. Percent in the 1st quarter but it
I also have a great guest for you, michael kolanovic, j. P. Morgan, he thinks the bottom is in and hell be here to explain why and well talk about what hes seeing and why hes studying coronavirus trends around the world to try to understand the stock market, netflix made a new high. Bed, bath and beyond, that stock is up a little bit after hours and its down about 80 over the past year. We got a triple whammy we have to start with the market bad data on retail and oil falling to 20year lows and the banks continue to drop on their earnings concern guy adami, of those three because i would argue and i didnt think data mattered at all, of those three which one matters the most to you . I think the fact that oil cant get out of its own way out of those three the way that banks have traded, we can talk about that, but the way the data we knew would be miserable and maybe its worse than a lot of people thought and the bloviating and the noise, it cant get out of its own way and the rally las
Storage is limited amid the coronavirus prices. Oil closing, folks, at the lowest point ever seen since the original Oil Futures Contract began trading back in 1983. The drop is choking the stock market. We are very close to session lows at the moment, with the Dow Jones Industrials down as far as the biggest percentage loss here, 2. 25 or 534 points to the downside. The market action, believe it or not, would actually have been worse if it werent for the fact that we could be just about 72 hours away from another half a trillion dollar infusion from the federal governments financial fire hose, as congress inches closer to a deal to replenish the Small Business loan program. Congressman kevin brady, republican of texas, is the Ranking Member of the house ways and means committee. He is here live and we are going to ask whats going on behind closed doors as best he knows, and whats the plan eventually to pay for all of this spending. We are learning that some of the rescue money went wh