A party new Yorks Metropolitan Museum of art cancels the celebrations for its 150th birthday. Plus navigating the crisis will take a look at the app developed in kenya its now being used around the world to help people cope with the pandemic. Im bringing off to our viewers on p. B. S. In the United States and all around the world welcome is this the week we begin leaving the walk dale that is the question many are asking here in germany the countrys Influential National academy of sciences today recommended that a start be made on easing the restrictions imposed to contain the corona virus now it comes as the number of new confirmed cases here in germany fell for the 3rd day running. German chancellor Angela Merkel begins discussions this week on whether to extend the current restrictions which are scheduled to expire next sunday now in its report the academy recommends gradually reopening primary and secondary schools across all of germany the report says that schools could soon be fo
Its time to start cautiously lifting restrictions. And imagination that knows no bounds when it comes to social distancing people around the world to push their ideas for coping with the coronavirus to practice. Im Claire Richardson welcome to the show us President Donald Trump has been defending his administrations actions over the Coronavirus Crisis saying the spread of the virus was slowing but had his Daily Press Briefing an angry trump around it on journalists who criticize his response remember this everything we did i was criticized because i was too early. If i waited longer it would have been good to include if i went one way or. If i went 3 months earlier i would have been criticism you know criticize should be way too early so with all of that being said we understand it. I think. Ive educated a lot of people as to the press and i would love to be able to say that we have a very honest press honestly just to be nothing i would be more proud of if the press would work and i d
The trend of bad mondays but contracts for major indexes shaking off losses to gain more than 1 . 2 on the euro stoxx 50. Global cases of the coronavirus than 3000,000, more died in spain and italy over the weekend as medical experts say deaths in the u. S. Could reach 200,000. The Oil Price Slump continues with wti briefly dropping below 20 a barrel in new york. Brent prices are at a 17 year low. Just under one hour away from the start of cash trading across europe, you saw briefly, futures here in europe are more than 1 . Euro stoxx 50 futures up. They are trading out 1. 5 percent to 1. 75 . Futures also showing gains. Friday was a down day in u. S. Indexes so you could see today start off risk on. What do you see on the gmm . Anna interesting to see those futures looking strong. When you look at the gmm, you get a different picture. This is the Asian Session and how it looks right now. Msci asiad. 4 on the pacific. The australian and south korean markets in positive territory but th
About 800 points on the dow. Youre still looking at a loss of greater than 5 a huge story today the crude oil crush as the saudis initiate a price war. We should think about it in terms of the speed and velocity of decline the s p the is down about 17 . We hear about the news with are the russians and saudi arabia. The problem i have is you have a very healthy patient being the market now it appears to be in intensive care we dont seem to have any doctors around to treat them in intense iive care negative rates are present in the uk, first time ever. We are battling here in the United States with the potential for negative rates the missing link in all of this which is what we saw in 2008 was a global coordinated effort. There does not seem to be a globally coordinating effort to address that i think thats what the market is riding against. Liz young, what do you see . Lets start with the globally coordinated effort i think theres been an effort from Central Banks thats been reasonably
12 Million Barrels a day, flooding already saturated global market. That saw crude drop 30 . 10year crashed below 50 basis points and now there is concern we could join other western nations with negative yields, japan, germany, switzerland, netherlands, belgium and france. Major markets around the world before the u. S. Opened sparked enough selling for Circuit Breakers to limit preopen downside. Those limits are drifting in, Circuit Breakers once trading got underway. To discuss, erin gibbs and Capital Wealth Planning chief market strategist, jeff saut. Jeff, great to have you in studio. Pleasure. Connell charles my man, youve been calling it up and down. Youre reworking mod tell feverishly as the numbers change dramatically minute to minute. Where are you now . I was on your show in january, short term signal ad sell position. We told me to sell positions and raise cash. I didnt think it would be this bad. We were dealing with the virus and bernie surge in the polls. This collapse o