750 billion Euro Recovery Fund executive Vice President tells cnbc Urgent Health is needed no country is left behind in this proposal. What is left behind is the ability to this crisis due to the higher debt levels lufthansa trades higher despite doubts over its bailout amid disputes with brussels. Easy jet sees green amid the plan to cut up to 30 of its work force shares of the skand avian airline says it needs more funding to fly with 95 of its fleet still grounded this has caused government to close their borders and make it impokt to conduct business its also needed that governments step in to try to help to restore this industry. A warm welcome to street signs. Lets get right into our top story of the morning chinas Top Legislature has formally passed security laws for hong kong. Outlooking treason, success, subversion in the territory. Ple pl members passed bill with 278 votes with one vote against. Secretary of state mike pompeo declared hong kong is no longer autonomous from ch
Evidently investors like what they think they will see. 2. 1 million jobless claims reported about a half hour ago. That means 40,740,000 have been thrown out of work in the last ten weeks. Big number. Yet the economy is contracting at an annual rate now of 5 . Thats a big number. And orders for big ticket items absolutely plunged. Okay. Got all of that. But the dow jones average up nearly 1100 points in the last two days, going up again at the opening bell. Were looking at a gain of over 200 points right now for the dow, and the nasdaq is going to be down, down 80 points. That tells me big techs having another difficult day. Then we have the opening up movement. Its rolling on. Vegas and disney have dates for its partial reopening, but theyve got the dates for reopening soon. Boeing, theyre going to restart, wait for it, max jet production. Were not back to normal but we are clearly well into the reopening phase. Now this. Watch out, social media. The president s going to sign an exec
Today in some of the comments out of retailers like burlington, anf, dollar tree, and Dollar General yes, if you look at the Dollar General, the numbers are just extraordinary i actually have never seen a Comp Store Sales number this good 21 versus 7 estimate. Dollar tree is going to be the one, david knows this well, people look like, you know what, now the dollar tree Family Dollar merger which had been so on the rocks, the judgment is its working and that stock could power much higher. Dollar tree. The opening trade is sapping the money out of tech. I dont know how much longer it can last thats such a great book in gary because he knows so much about what people are spending theyre essential because they have food, and i look at this market and i think how long with the dow up 4 can we actually say, hey, the reopening trade is just starting . Its already maybe too far too fast its very hard to figure, particularly because faang is being distorted by the president s tweets, facebook
Messages about covert 19 and covering up a crisis. And questioning the president s story puts a fact check warning on tweets from donald trump. And joining with sports including a Pivotal Moment in the race for the german football tight so it is by meaning voters who dont mean one bell in an empty stadium to make 7 points clear at the top of the book to sleep. Ok were going to begin in hong kong where more than 200 protesters have been arrested after a standoff with police in the heart of the city. Police used pepper spray to disperse crowds rallying against a bill that could see people jailed for mocking chinas National Anthem but theyre also demonstrating against a security law proposed by beijing activists insist its going to mean the end of hong kongs freedom and rights but probation politicians say its necessary to defend against what they call home grown terrorism. I think people need to recognize that our separate systems is based on our ability to National Sovereignty security
A role one genocide suspect tells a french court the charges against him allies. Tanzanias government is accused of sending out the wrong messages about covert 19 and covering up a crisis. Point in love knows no barrier how a couple in Different Countries are keeping their relationship going during coronavirus. Sports including a Pivotal Moment in the race for the german football title leaders by meaning. One nil in an empty stadium 7 points clear at the top of the been to. Another death of an africanamerican has triggered a new race protests in the u. S. Police fired tear gas to disperse demonstrators calling for justice theres been widespread outrage after a video emerged showing an officer using his knee to pin the unarmed man in the nap in minneapolis there are calls for the officers to Face Criminal Charges john hendren has this report and i have to warn you that it contains images which some viewers may find distressing. Protesters gathered by the hundreds to mark the death of an