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Depression. While big0 jumping, tech the nasdaq forward. , butwarnings about growth despite the doom and gloom, australia is back in the market. We are seeing futures look like this. U. S. Futures unchanged. This is after some stocks climbing on signs of the outbreak easing. We had a cloudy picture when it came to corporate earnings. Big gains from tech giants. Aftergan and wells fargo profits hit by major provisions. The nasdaq gained almost 4 . Take a look at oil, now rebounding from a plunge of more than 10 in the u. S. Session to the lowest in two weeks. This, as we had that historic production agreement, but still concern demand destruction will offset those 9. 7 Million Barrels per day cut. Holding about oil 20 a barrel. Still waiting for President Trumps press conference. Aboutabout to speak how he is handling the coronavirus outbreak, as he clashes with governors, clashing with new yorks governor cuomo, about who has the power to reopen the economy, cases now nearing 600,000. O
Its 1st cautious steps out of lockdown with some businesses reopening class. Get past yourself and think about society new yorks governor accuses donald trump of spoiling for a fight as the u. S. Death toll passes 25000 and. Migrant workers desperate to return home stormer red with station in mumbai after india extends its knocked down. Below the huge cost of the coronavirus pandemic has been laid out in a dramatic prediction from the International Monetary fund it expects global output to shrink by 3 percent this year which may sound small but would be the worst year since the Great Depression of the 1930 s. This equates to a 9 trillion dollars cut in world production this year or next to last greater than the combined g. D. P. Of germany and japan italys economy is expected to be one of the worst hit shrinking by 9 point one percent they are methinks less developed economies will fare better latin america is being warned to expect a comparatively small 5. 2 percent drop and theres ho
Amendment fight. The states have power to reopen. New york state Governor Andrew Cuomo will sue the white house there are two task forces. One on the northeast, one on the west coast, how do you see this playing out . I think they will all end up working together. I think the president wants to be able to share his vision of the appropriate timing. He has got a lot of real professionals working with him and i think the governors do really want to work side by side there may be discussions who is in charge of what. Reality is, look, timing on this, the timing on this recovery will be depending on science. It will be dependent on our ability to get back to work as soon as possible. The president has the right idea. We need to open up the economy as soon as possible but at the same time these governors, i think they feel the same way. Theyre going to want, theyre going to want us to respect the federalist, the federalism that has been a part of our country but most certainly i think this
This agreement will fully support Airline Industry workers, preserve the vital role that airlines play in our economy and protect taxpayers. The airlines are in good shape and they will get over a very tough time that was not caused by them. United states is continuing to make substantial progress in our war against the virus. We grieve every precious life that has been lost. To the invisible enemy. But through the darkness, we can see the rays of light. We see that tunnel. At the end of the tunnel, we see light. We are starting to see it. More than ever before. The numbers, everything we done, we have been very strong on it, very powerful on it. Look at what is happening in other countries. Spain, italy, the united kingdom, we are working with them, we are trying to help them with ventilators. They need ventilators so badly. Of counties within the United States have zero cases. Many counties within the United States have a very small number of cases. Large sections of our country are