Workers get less money and fewer rights and not just in the Meat Industry. German labor minister who because high are now wants to change things or didnt come it will ban contract work and temporary work in the core activities of the Meat Industry because the pandemic called attention to contract worker exploitation in germany. The town of failed near fate of eating pork at the end of june thousands of people from Eastern Europe are essentially under house arrest guarded by police their work at the turn a slaughterhouse has been suspended. Around 7000 employees are in quarantine. A few kilometers away a relief operation is underway fate of eden park residents have made donations for the workers one of the organizers is an approach nida for over 70 years shes been fighting for the rights of turn his workers. Being this much more than we ever expected it happened very. No tests our idea is to give cat packages in solidarity said the web to see that this anger isnt directed at them but it
Dow down about 30 points though fractional moves if you look at whats working in the trade, its not your Traditional Technology and consumer names its utilities, health care and materials. What is netflix big miss for the growth trade is this a warning shot of beloved technology darling getting too high expectation it might be tactically on the short term but i dont think long term. For you to see a true rotation out of growth into value, you actually need to see Economic Growth and acceleration and a little bit of inflation. While we are seeing improvement in growth, we still have a long way to go. Were definitely seeing the better growth. Look at retail sales, Industrial Production this week every week were Getting Better data whether it lasts or not because of the closure is a big question mark. We are seeing better growth. What we dont have is inflation. Thats what value needs to out perform growth for the time being, i think youll continue to see growth in value as i mentioned, ta
On a couple of data out of the euro zone. Markets also moving on the number of infections rising. Overall, the markets and european stocks edging up as the new quarter starts. Bonds are dipping. I am looking at European Equity futures. The one thing i wanted to show you was a golden earring nearing per ounce. Showed confidence amongst large manufacturers in japan. We will have plenty more on some of this data out in the euro zone. Lets get straight to the bloomberg first word news. The u. S. Is going in the wrong direction when it comes to the coronavirus. Thats a warning of Infectious Disease expert Anthony Fauci. He says daily case counts could more than double to 100,000 if behaviors dont change. He added clearly, we are not in total control right now. He declined to estimate the number of potential virus deaths, but said the total would be very disturbing. And the u. K. , Prime Minister Boris Johnson has unveiled his plan for the u. K. To build its way back to prosperity. The packa
And iran as 5 Iranian Oil Tankers are making their way to venezuela to fight for blink but a sanctions a full report straight ahead all right its time to boost your news i q. Lets start with some breaking news coming out of iraq where at least one rocket fell near baghdads heavily fortified green zone which houses the u. S. Embassy and other diplomatic compounds according to reports from the ground at the explosion set off sirens at the u. S. Embassy compound where it is now Tuesday Morning we understand there are no casualties reported so far this is the latest attack in the 1st on the facility in weeks. Or drugs or go to the drug should work or went right over there were several weeks ago. All right you heard it right there President Trump making it known that he is in fact taking the highly controversial drug to fight off the coronavirus now the surprising admission happened at a white house News Conference just a little while ago arties fair project is here with this still developi
A rally on wall street but how long could it last and as a pandemic shifts global trade and supply chains kind of may have to fight another trade war in the pacific well break it down with miami business down the top of talk show b. Day so lets go and dive right in. We begin this hour with an update on the Global Pandemic the crown of ours has infected more than 4700000. 00 people globally the death toll is now at nearly 317000. 00 will stocks surged on monday morning as madonna reported some positive data on Early Vaccine testing for its phase one Response Company stock was up nearly 30 percent early monday the company said it will begin the phase 3 trial on the vaccine and july us coronavirus cases near one point. 5000000 as states are easing restrictions americas Auto Industry is gradually reopening this is a factor that employs nearly 1000000 people the trouble ministration has now considering restoring funding to the World Health Organization this is just one month after the presi