In houston. Test the shares rise after hours as Quarterly Earnings beat the streets. Profitability meets the criteria for inclusion in the s p 500. We got a report earlier today that china is moving to close a u. S. Consulate, not being seen by some commentators at as some sit as serious as hong kong. Saying that asian would likely respond to the forced closure of that beijing would likely respond to the forced closure of its consulate. The possibility of potential cuts to its larger hong kong mission. He said cutting the Mission Staff in hong kong to 100 or 200 people is an option. China has pledged to respond to the u. S. Closing its houston consulate. Will come back to that and the Market Reaction in a moment. We are of course into earnings season. Lets get some of the lines from daimler. Considerable Global Economic outlook decline in 2020. In terms of other lines, it sees a bit to be positive in 2020 but lower than the prior year. Considerable it sees a considerable decline in glo
Dow down about 30 points though fractional moves if you look at whats working in the trade, its not your Traditional Technology and consumer names its utilities, health care and materials. What is netflix big miss for the growth trade is this a warning shot of beloved technology darling getting too high expectation it might be tactically on the short term but i dont think long term. For you to see a true rotation out of growth into value, you actually need to see Economic Growth and acceleration and a little bit of inflation. While we are seeing improvement in growth, we still have a long way to go. Were definitely seeing the better growth. Look at retail sales, Industrial Production this week every week were Getting Better data whether it lasts or not because of the closure is a big question mark. We are seeing better growth. What we dont have is inflation. Thats what value needs to out perform growth for the time being, i think youll continue to see growth in value as i mentioned, ta
This episode we really did not have all the preparations that we thought we had. We have been unable to find as a nation a medium thats causing death and suffering thats acceptable to enough people to have some sort of approach that enough people find socially and culturally and economically acceptable. For continuing to see spread around the nation particularly in the south right now. Marilyn is among states it have grappled with epidemic spread and bring virus levels down. We i wanted to talk to the governor today about the things he did to try to a lot of activity in the states to bring back to maryland or and try to open schools and restart the economy and do the things that are people continued risk from the epidemic. So governor thank you for joining us and when to start with the question just generally, what do you think is going to evolve . What are you looking out of respect to the following the risks right now . So first of all, doctor godley, let me thank you for hosting her
If we can bring the board up. Gold up 0. 2 . A lot of Market Participants looking at the Earnings Results and european stocks. Now lets get to the bloomberg first word news. Hi, laura. Thanks. Global coronavirus cases have topped 15 million. The u. S. , india and brazil account for nearly half of all confirmed infections and fatalities. Texas reported its biggest daily number of deaths. Australias budget deficit is set to hit a post world war ii ecord. The deficit will be more than double what it was the past year. It comes amid a surge in spending to mitt gate the impact of the virus on the economy. There are still some challenges times ahead. We continue tonight the decisions to provide support in the economy. We do have to get back into situation revival. The employees on their own income rather than rely on taxpayer support. Francine italy funding to rescue the economy hit by the pandemic. Bloomberg has been told the extra money will be used to help businesses and provide subsidies
Wipes. Clean my seat and feel comfortable on my flight. Hell have to settle for another brand because Stores Across the bay area are struggling to keep the shelves stocked with this covid19 commodity. The ceo of the oaklandbased company stunned the nation today when they announced clorox wont have enough disinfecting wipes to meet the covidled demand until 2020 this 6th grade teacher says hell need them when the schools open and he needs to clean his classroom. Clorox says it tipedly sets aside materials for flu season, but covid19 is a different beast. We which he could amazon as well. Also out of stock. No luck at this safeway in concord, either. The Cole Hardware store in oakland, also out. The manager is telling shoppers to broaden your mind. You might have to settle for something other than clorox. Hospitalizations in the bay are on the rise. The blue bar represents the must be of pashs hospitalized with covid19 each day. A month ago we had 86 hospitalizations but as you can see i