Capital restrictions are imposed on nearly 12000000 people. Im Peter Simmons says sport around the world continues to be called all for play behind closed doors including this football match brazils merican our stadium once famous for holding nearly 200000 fans in a World Cup Final. Your Company Welcome to the news hour the toll from the coronavirus pandemic continues to grow as countries try to stop the spread of the disease the number of people who have died in spain has more than doubled to 288 making it the worst affected european country after italy 46000000 people there are now on lockdown told to remain in their homes except to go to work or to buy food and medicine in the middle east iraq. Theres also reported a jump in deaths bringing the total there to 724. 00 there are nearly 14000. 00 cases and to iran says its response is being severely hampered by u. S. Sanctions in the philippines the capital manila has been sealed off 12000000. 00 people though have been told that they
Countries. We are continuing to see the corporate fallout, we will get more details on airlines. Delta saying it is suspending u. S. To china flying routes through april 30. Asked theirsoft staff to work from home. Amazon as well. The longer it takes to test anybody, the greater the risk they will be spreading the disease. Mike pence saying most cases are mild and they have flulike symptoms. Compared to the tests the u. S. Have carried out, 2000 by the end of last week, compared to 140,000 in south korea. In the u. S. We are seeing 11. Lities rising to this is having a concerning impact on the markets. Lets get to the Market Action. Speaks,president pence we see markets accelerating losses. Now trading at the lowest level since september. The chinese equity come back facing a roadblock. Seng headedg hang for its lowest level of 2020, and s p 500 futures extending the trading session losses, closing down 3. 4 , now off 0. 8 . Earlier futures were moving higher as much as 0. 7 , so quite
Periodicals. Previous books include the complacent class and great stagnation n new book, examines the tension between lack of trust in big business and argues that corporations despite americans are essential in balance, productive and Progressive Society by spurring innovation, rewarding talent and hard work and creating on which tech come to dependent. Tyler cowen with finance and tech industry, both critics and defenders will benefit from reading the book, cowen will be joined by edward, u. S. National editor for Financial Times and author of the retreat of western liberalism. Please join me in welcoming tyler cowen. Thank you very much for the introduction. Delight to be here with tyler. Ive met tyler a million times, have met many years, we dont always agree with each other. Disagreeing without being disagreeable and far more manageable at the end of it. We do agree on some things. I am going to get into productivity. Let me quickly emphasize tylers productivity. Wonderful book i
Some have moderated a little. We trade at 68 59. Gold went above 1600 an ounce. We come off the high a ten year yield did get to a 170 breaking a trend line that weve been in since september but now down to two basis points on a 180 handle on that. Looking at dollar yen though that comes off a little bit. Unchanged there on that currency pay. European equities in the red but a reasonably muted move also what were seeing in u. S. Future. One point we saw it drop as much as 1. 7 but we recouped ome of those losses. This morning we begin with the retaliation from iran against the u. S. For the killing of its top general. The nation firing a series of missiles at Iraqi Air Bases Housing u. S. Troops. The escalation coming hours after President Trump says the u. S. Was totally prepared for an attack. Irans foreign minister saying tehrans is retaliation. It adds it isnt looking for war but will defend itself. Also this morning shortly after takeoff a boeing 737 bound for ukraine crashing in
Isaacson, and were expecting to break this afternoon so they can attend their caucus meetings. Now live here on the floor of the senate on cspan2. The president pro tempore the senate will come to order. The chaplain, dr. Black, will open the senate in prayer. The chaplain let us pray. Our father, be with us not only in great moments of experience but also during mundane and common tasks. Through the power of your spirit, may our senators mount up with wings like eagles, running without weariness and walking without fainting. Give them the wisdom to be patient with others, ever lenient to their faults and ever prompt to appreciate their virtues. Lord, rule in the hearts of our lawmakers, keeping them from sin and sustaining their loved ones in all of their tomorrows. Surround us all with the shield of your mercy as you provide us with a future and a hope, and blessings too numerous to be stored. We pray in your sovereign name. Amen. The president pro tempore please join me in reciting