I just want to make sure we can earn every vote possible. The president ial race enters its final week, just seven days to go. President trump and joe biden making a big push in battlegrounds that will determine the outcome. Well break down the very latest numbers from those key states. Breaking overnight, outrage. Violent protests erupt in philadelphia, after the deadly shooting of a knifewielding black man. At least 30 officers hurt, dozens of demonstrators taken into custody. Well have the latest in a live report. Alarming trend. No matter how you look at it, its not good news. The u. S. Now averaging more than 70,000 new coronavirus cases per day. Hospitalizations up 40 . And the Ripple Effect now being felt on wall street. Wild weather. New wildfires in california forcing tens of thousands to evacuate. An ice storm in the plains bringing widespread power outages, while hurricane watches are once again posting along the gulf coast as zeta targets the region. Al is covering it all.
Thats a 13. 8 increase month on month. Pretty good, alix. Israel alix can it last . And coming up this hour well speak to valley grant, Senior Vice President and henry mcveigh, ahead of global maam row and Asset Allocation with his report on economy and investments. The main macronews that happened was beijing following through on the threat of retaliation, china ordering the u. S. To close the consulate in chengdu and comes after the foreed closer of a Chinese Mission in houston. Sharon chin the asian bureau chief, how big of a disruption is it between the two countries . Sharon i mean the whole dispute over the consulates, the u. S. Asking china to shut its houston consulate and china asking the u. S. To shut down its consulate in chengdu has en a severe reaction and the worst theyve taken in the last few years. Here it was immediate, people on the ground expressing support for the chinese government. There was a lot of security on the scene in front of the consulate in chengdu and a
Continue a phased reopening of the economy. That includes the governments signature Goto Travel Campaign which aims to boost the struggling tourism sector. Starting wednesday, domestic travelers can apply for discounts on accommodation and transportation, but tokyo with its rising cases wont be eligible. That suddeden explosion caught people off guard and raised concerns about cancellation fees. Now the government says both touriststs and bususinesses wil compensated. Translator we realize we did not properly inform people, so we decided that tourists wont be required to pay them. The government is now reevaluating plans to further ease restrictions on big events. The minister in charge of japans Coronavirus Response sasays a committee will hear fr experts on wednesday about an idea to lift a 5,000person attendance limit. European union leader have hashed out an agreement over a landmark coronavirus recovery fund. They reached a breakthrough on the 750 billion n euro package after days
And irelands Pascal Donahoe is chosen at the next eurogroup president. He says the focus is to bring back jobs. I will play my part in working with all members of the eu eurogroup to make sure this group makes the contributions. The challenges are great but we will prevail and will overcome we kick off the show this morning with a major oil report crossing the latest is that the organization has bumped up its 2020 Oil Demand Forecast today but it has warned that the spread of covid19 has posed a risk to the outlook. Steves been pouring through this document and has all the analysis ill be honest, not every page i think its 81 pages i have from our friends at the iea. Its pretty much what the doctor told us oh, gosh, we interviewed him on stn a few weeks ago. The situation at the moment is its halftime in the year, of course theyre hoping for better out of the second half of the year. The commentary is casting a shadow and quite interesting. Saying, look we think things are going to reb
Conversation. You just heard steven major of hsbc with his terrific call, persistent call for lower interest rates. , we wills in moments speak about the Research Notes of last summer, ages ago when things were calm on a vector of lower interest rates. We will get an update and look to the market, to hong kong, and to our conversation with john bolton in 30 minutes. With the news breaking this morning, really must watch and must listen. You nailed this. Cacophony has never been seen before. I think it will be really difficult as the quarter grows older and you get the handoff from the balance of reopening the economy and the realization that the recovery will take a long time. Then we get bumped up against the election in november. Thee the president exits in senate flips as well. The market has a lot more in the last couple of weeks. Tom no question. Based on the emails ive gotten of the supporters of the president really pushing back against the new belief in president biden. Part of