Restrictions are lifted well tell you why theyre calling it revenge shopping. Im going out as welcome to the program the European Commission is hosting a virtual fundraiser today to help efforts to develop a vaccine and treatments against the coronavirus event is expected to raise more than 7000000000 euros german chancellor Angela Merkel french president manuel marco and United Nations secretary general and tony would terrorists World Leaders who have pledged their support its. The battle against that 19 has many fronts and it looks different in every country but the ultimate goal is the same a vaccine and an effective treatment. Anyone can fall into with a virus and that is why we have the task of editing together while white. Many of the world for a vaccine is available for white sprite use but there are efforts underway to speed things up by pooling resources and pouring money into research. You have to build up capacities to manufacture it this illions of those and then we have to
Tuesday even if theyre only allowed to watch the games on t. V. And go out of us welcome to the program the European Commission is hosting a virtual fundraiser today to help efforts to develop a vaccine and treatments against the coronavirus event is due to begin about now and is expected to raise more than 7000000000 euros german chancellor Angela Merkel french president Manuel Mccall and United Nations secretary general and tony a good terrorists are among World Leaders who have pledged their support. The battle against covert 19 has many fronts and it looks different in every country but the ultimate goal is the same vaccine and an effective treatment governments anyone can follow through with a virus and that is why we have the task of reckoning together worldwide and. Many of the worlds scientists estimate that it could be 18 months or more before a vaccine is available for widespread to use but there are efforts underway to speed things up by pooling resources and pouring money i
Forward to the league restarting on tuesday. Only allowed to watch the games on television. Welcome to the program italy is easing some of its Strict Lockdown measures today nationwide was directions were imposed 7 weeks ago to halt the spread of the girl in a virus but now parts are reopening and people will be allowed to visit relatives living in the same region the government has promised further openings this month if the rate of new infections stays low its only has the 2nd highest death toll after the us with almost 29000 deaths out of 210000 cases. Lets go to rome where were joined by journalists italy is slowly coming out of lockdown what are people looking forward to doing now. Yes indeed i mean its really just a modest reopening but i think for a lot of people in need see the thing they may be looking most forward to is outdoor exercise because of course now you can go beyond the immediate vicinity of your form the honks have reopened and so people can go there you also may b
Vonnie the nasdaq its office lows. Is off its the s p 500 down 2. 5 . The worst performer right now is pvh, performing pretty poorly, down about 15 . Many of the Energy Companies are lower, as well. Y runhas been such a whipp for them. Netflix is the best performer today, holding onto games of 4 plus. After the dismal Economic Data which we were anticipating, but still a sticker shock, the 10 year yield is at 65 basis points. I want to point out, ray dalio said a moment to on Bloomberg Television you would be crazy to own bonds. Go back and have a look at that interview if you want to hear more. The vix a little more elevated once again today. Guy lets get some more insight into what is happening on these markets. We are joined on the phone by graham secker, Morgan Stanley equities strategist. Equity markets a little whippy, as vonnie said. How do you see the riskreward right now . Graham good afternoon. From a european standpoint, we dont really like the riskreward here. We thought it
India 414 does seem really low for a country with a population of 1300000000 people india has also performed the lowest number of tests among affected countries Something Like 3 per 1000000 that was a was about 90 a day and there are increasing concerns of the very low level of testing could be hiding the real number of cases and so indians a bracing themselves as the government has now expanded testing criteria and doubled the number of Testing Centers brought in the private sector private hospitals so there was Something Like 52 Testing Center the government Testing Centers and not all of them were operational its double that people are really bracing themselves to see what the real number of cases are and there has been an exponential rise just on saturday and sunday both days saw saw the biggest jump so again you know unprecedented times here like like many other places in the world but for now most indians do understand the need for the for the lock down for the number of dead has