Wearing of mosques in public. If we do it right we can overcome this crisis the head of the European Commission says the stakes couldnt be higher as e. U. Leaders discuss a major financial virus Recovery Plan. Also ahead the u. S. Tells the European Union it should do more to tackle those defying a u. N. Arms embargo in libya. And the hamas with the sport real madrid have won the Spanish League title for a record extending the 34th time. Man ending the clubs 3 year wait for the tennessee. We begin in india where the number of corona virus infections has now surpassed the 1000000 mark several states and re imposing restrictions after the lifting of the nationwide lockdown last month. More than 25000 indians are reported to have died off to contract the disease the actual number of infections could be much higher than reports of life to elizabeth peron im in new delhi. Tell us more about the government reaction to this latest grim statistic. Hi peter well we very much seen the management
Expiring ones. The dollar index in weakness, 1200 right now and continues to slide down over the past four weeks. The dollar moving average 200 day the lowest average in recent weeks. Citi says looking at a 30 possibility that gold will get to 2000 an ounce in three to five months. Stocks rebounded yesterday after slumping 5 . China up 1. 3 , turnover has receded from its highest levels since 2015. The hang seng up 1. 6 , biggest increase since july 6. Tencent adding 5 . Alibaba is the one to watch, surging 5 . Ant financial look at where we are in terms of the Southeast Asian markets. China up by 0. 5 . Sti up 0. 7 . Theaad we also have European Union leaders running a policy marathon as there planned two day meeting to pass a massive Recovery Fund. In the u. S. , republicans and democrats are starting to hammer out a budget plan this week. Our policy editor Kathleen Hays is with us. In both cases, agreeing on a we are getting some murmurs of an agreement. We certainly are, and we kno
A big story that we began reporting on monday, San Jose Police chief eddie garcia calling it quits. The chief has announced his retirement thats after nearly 30 years on the force in san jose kron fours rob fladeboe has more he is live from san jose rob. And thats right catherine achieve garcias decision to step down i am announcing his decision to step down caught a lot of people by surprise. I sat down with the chief here at the Police Headquarters this afternoon to talk about that decision his future and about what lay ahead for his successor as chief of the San Jose Police department theres more. And you know these plans. My plans were months ago, San Jose Police chief eddie garcia says he decided to retire back in june but held off announcing it until now such a critical time were in the midst of protests were occurring. Were in the middle shelter in place and it feels right garcia has been the chief of police since 2016 he plans to retire in december when he turns 50 he will have
Infections heading towards 16 million. Hong kong says the situation is increasingly severe. Has extended the Wage Subsidy Program beyond september to protect the economy from fallout from coronavirus. Shery a quick check of how the markets are trading. We are seeing u. S. Futures kicking off unchanged. This after we saw u. S. Stocks rally amid encouraging vaccine news, this time from the university of oxford and astrazeneca. The s p 500 finished at the highest since february, turning positive for the year. Tech and discretionary stocks outperforming. The vaccine optimism sort of faded. We have a very Competitive Landscape that failed to impress. Risk was revived in the afternoon session following improved u. S. Infection numbers. California and arizona reporting a slow down infections. We still have that stayathome defense rate being back with strength. The underperformance from the russell 2000 very pronounced, while the nasdaq also finished at another record high. Take a look at what
In march and april. Yeah, and, you know, the market if you want to talk about it being the index certainly is doing that its been steady naturally the most heavily weighted stocks also happen to be the ones that are in th strongest trends they are covering up for a lot of, i think, softness under the surface. Youre not seeing this latest push higher really have the participation of the airlines and all the kind of socalled epicenter sectors that now are under a little more question about a stutter step in the reopening process. I do think the market is trying to be rational about it. Its unclear what would stop these trends, why would apple and microsoft stop going up today when they havent stopped until now except the fact that the nasdaq does look really stretched once again compared to the rest of the market there does seem to be a little bit of frothy speculation happening in some pockets of this market but thats been the case periodically for the last several weeks i guess you wou