Says the economy will take off quote, like a rocket ship when it reopens. The questions, though, are when will that be and what will it look like. The market is asking those very same questions as it searches for direction this morning. More green on the screen but again, markets want to know how much economic damage has been done. Meanwhile, moodys says economic output fell a staggering 29 in the first week of april. That is compared to march. That is the first full week of true social distancing rules in place across the country, and that was the result. Down 29 . The other big story of the day, the w. H. O. Is under fire from President Trump. The president saying he may freeze funding to the organization over its response to the pandemic. This is happening as we get more clarity on what may be in a fourth stimulus package. President trump wants 250 billion more for Small Business. Senator schumer wants a 25,000 bonus for front line heroes Like Health Care workers. And we also have s
Commander haftar stepped up attacks on the capital, striking its vital support. Seaport. A spanisish potato chip brandy getting an unexpected sales boost, thanks to the movie parasite. We will explain in our business update. We begin with the latest on the global coronavirus outbreakk. On wednesday, china confirmed about 1700 new cases, a number that indicates the rate of transmission there has started to slow down. Meanwhile, irans government has confirmed the first two cases of thee coronavirus in the country. In japan, about 500 people who tested negative for the virus were allowed to leave the diamond princess cruise ship. A twoweek ququarantine is e en, despspite failining to contain e major outbreak on boarard. Another 79 cases have been discovered on the ship, bringing the total to 621 people. I spoke with journalist michael penn, who o joined us from toko. I asked him how expertsts reactd the japanese governments handling of ththis crisis. Michael the japanese governmenthandlin
Good morning and welcome to the show im dominic chu in for Brian Sullivan we begin with breaking news. U. S. Stock futures pointing to a sharply lower open as losses accelerate this morning. A flight to safety under way in bonds as well. Stocks moving to the downside. The tenyear yield dropping to its lowest level since july of 2016 in the wake of the brexit vote a rally in gold prices playing out. The metal surging to a near sevenyear high. You can see gold prices up 2 . 1685. 40 the last trade there a sharp move in crude prices as well for world benchmark tti or brent prices and tti as well wit this mornings selloff comes as investors continue to watch developments around the coronavirus outbreak and spread in places outside of china, like in south korea our own Frank Holland is here with the latest on those numbers. Good morning. Good morning to you thats right new numbers overnight on just how serious this crisis is becoming in south korea. There are now more than 230 new confirmed
Those missing idaho siblings who fled to hawaii, said to be part of a doomsday cult, placed under arrest overnight. Do or die. With just one day to go until the next round of votes in the nation, Michael Bloomberg trying to recover from his rocky debate debut while Elizabeth Warren tries to capitalize on her takedown of the billionaire and what Bernie Sanders is telling abc as he tries to take nevada. Hollywood heartbreak. The news this morning about the murder of drew careys former fiancee. Wicked winter blast. Millions of americans waking up to a deep freeze as heavy snow hits the south. The pileups and power outages, and now where windchills are dropping below zero. The ben affleck exclusive. More of Diane Sawyers powerful interview with one of hollywoods top stars now revealing his struggle with depression and the hollywood friends helping him stay sober and what hes now saying about dating again. Good morning, america. Its great to have you with us on this very busy friday morning
Trade agreement, the trade agreement with colombia and south korea, one after another, every one of these trade agreements, every one of these trade actions were written fundamentally in secret by corporate interests to serve corporate interests. Workers were never at the center of these trade agreements. One of my proudest votes in the house was against the north American Free trade agreement. I voted no ever since. Again because all of these trade agreements were written by corporations to maximize profits and compensation for executives and to enrich stockholders always, madam president , always at the expense of workers. At the expense of communities like mansfield, ohio and like portsmouth, ohio, and toledo and youngstown. I was talking to a friend of mine in trumble county. She knows. A former senator. She knows whats happened with these trade agreements w. Know how that he undermine communities and hurt workers. Always because these trade agreements were written by corporations