Australia. You are watching President Trump giving a press conference saying he is looking at a term limited payroll tax suspension. We have seen democrats and republicans oppose any action on the payroll tax, but the president is saying he is exploring additional executive actions and relief. He says he cannot go along with what he calls bailout money for the states. We have seen the states try to get some sort of relief. President trump says the goal is to protect Vulnerable People and avoid stringent lockdowns. He is headed to ohio tomorrow. He says that no states have s sn outbreaks or get worse since tuesday. We have seen some encouraging vaccine news. U. S. Futures at the moment are looking flat. We will see how things are just shaping up for the asian market. Our reporter is in hong kong with the latest. Futures are mixed and mostly flat. Plenty is happening this thursday with earnings galore. Later today, the r. B. I. Is in focus. Bank will pause after cutting this year to shor
Hospitals and even deaths. But theres only so much we can emotionally handle as human beings, so ktell us how were supposed to deal with all of that . Thank you, mayor. I appreciate this, and again, this is such a challenging time, i would say the risks the downsides to the shelter in place and the slow reopening are very real and very concerning from a health standpoint and an economic standpoint. I think the Counter Point is no one has said, were going to go ahead and open quickly. As you see across the country, the Mental Health consequences of opening and having a surge, many people are struggling in San Francisco, but if we have a surge like we saw in new york or unfortunately like we saw in houston and parts of florida, we would have all of those concerns that youre talking about on top of the overwhelming the Hospital Systems due to covid19 plus the covid19 pandemic and everything that were dealing with and managing today. Unfortunately, theres downsides to where we are today, b
Rally, and some of hollywoods biggest names test positive. And singapores ruling party takes almost 90 of the vote, and it is still not happy. The Prime Minister says the result is respectable, but it was not a feelgood election. Shery lets get you started with a quick look at how the markets are trading. Futureseeing u. S. Extending gains, up 0. 5 after closing the week in the green. This comes after surging coronavirus cases with states continuing to see record numbers of cases. The s p list by banks. The s p led by banks. They outperformed the tech heavy nasdaq 100 on friday for the first time in almost two weeks. We continue to see the diversion between tech stocks in the rest of the market. The nasdaq composite the highest on record. Take a look at what oil is doing. A little bit of pressure, falling to 40 a barrel level after we saw oil finish in the green last week. The International Agency bolstering its demand for oil, but warns the recovery could be derailed if we continue to
The who reports the most infections for a single day. Global stocks trade lower as u. S. Futures swing from gains to losses. Bloomberg learns the german lender could cut up to 7000 jobs and shutter 400 branches after its current costcutting measures were called in abject failer failure. And starbucks, pepsico, and biaggi out are the latest pump needs to curtail ad spending on facebook. Pressure on the company to crack down on hate speech shows no signs of slowing down. Just under one hour away from the start of cash equity trading in europe and the u. K. Futures red across the board. In europe we are looking at 1 plus losses. Germany. Much here in euro stock futures down about. 75 . U. S. Futures swinging from gains to losses. Now we are looking at about a. 25 drop for the s p. Nasdaq futures down about. 5 . What are you seeing on the gmm . Anna in conjunction with european futures, they. 4 a point forening they a weaker open. Chinese equities looking relatively resilient. Japanese nik
And ive been thinking about this opening and closing as less of an open closed society and more like were a rubber band and we need to start stretching to put people back in contact but we have to do it carefully and with a planned strategy or were going to end up where its going to snap back on all of us and were going to be back where we are now social distancing from one another in a more extreme way. I think what needs to happen over the next several weeks and months is that states should be opening slowly and considerably with very consistent metrics. I think that we have to have the kind of testing that everyones thinking about and the ability to train and isolate those positive in all states before we begin opening up and certainly before we begin having any very large crowded events. So the thing thats really keeping me up right now is sort of the lack of a unified strategy the way thats happening in a slightly more piecemeal way across the country. So i think first is that we