A corner of themselves right now because there are not only us is putting pressure on them but theyre also getting pressure from japan theyre getting pressure from australia and also europe right now so theyre looking to put out fires as quickly as possible around the globe the geo political forums are referring to i think one of the things that were looking at here i think the blame game around the covert narrative is going to continue it looks to be almost an election grandstanding opportunity with President Trump iran the curtain just looking to storm the election stage again so we think this is going to continue to be in the news but how harmful this really plays out for the markets really depends on how china responds right now things are pretty calm over in china right now the dollar yen the chinese equity seem to be taking this in stride looking at this towards more political bluster than anything else at this stage but if things do escalate if we get to the point where we pull
Announced a new partnership with a local laboratory 11 the state to test more people for covid19. Her state or conference with state Public Health officials is about an hour. Gov. Mills good morning, good afternoon. We have good news for you today. 67 days, our Coronavirus Task force has worked day and night to provide the resources to make every man, woman, and child in maine safe. Has talkeddr. Shah about the critical need for testing of the virus in any number of settings, particularly when it comes to protecting our most Vulnerable People and our frontline workers whose lives are on the line every day. Who lives or on the line every day. Last week, we talked about how important testing is to our desire to reopen the economy while taking every appropriate measure to protect the lives and health of customers, staff, business owners, visitors and residents in every corner of our state. Today, we are very pleased to announce a partnership with idx it employs 3000 people in our state, a
Tensions between the United States and china are on the rise creating concern that it could be the start of a new cold war and may likely eliminate progress on a trade deal so to talk more about this Rachel Blevins joins me now to go to get into the details so rachel what is the current state of this trade deal where time right now in the United States and china were supposed to be finalizing phase 2 of a massive trade deal but instead President Trump is now questioning whether china is following through on the agreements it made with phase one so because of this he says that hes planning to talk to farmers in the coming weeks and to decide whether to terminate that go all together and that could mean war on china now trump was asked about this and asked about whether he thinks that china is following through with their end of the deal take a listen to what he said. Do hopefully theyre going to keep the deal well see they may they may not going to fund. The state Department Also confir
Relatively good news out of new york where hospitalizations continue to decline although there is a spike in deaths in the state. The governor is worried, outlining for folks the idea of a staggered reopening of the state. Only 45 minutes after new yorks mayor bill de blasio was saying look, it is looking like june. That the city will not be able to open up before june. That was not exactly worthy after fox news or fox business alert. No shocker there. A highranking mayor of the city was making it official all you needed to hear, wow, this whole comeback for the economy which cant get any robust way without new york kicking in is not likely to happen. So that is kind of been pulling and pushing at investors today. Jackie deangelis has more on all of the above. Hey, jackie. Reporter good afternoon. Good to see you, neil. Thats right, the market is paring the losses right now. Youre right stocks are kicking off the week in the red after a very strong week last week. Investors are cautiou
Drug that meant people werent dying of this. In the study, only two people died no placebo up against the remdesivir they were using these are early results but promising signs of hope. The dow futures indicated up by about 700 points if we continue like this, that would put the dow in positive t territory. S p indicated up about 75 points and the nasdaq indicated up by about 177. Lets look at the treasury market yesterday, those yields for the 10year were under a little pressure they had come back down even more we were talking about under 0. 7 looking now at the 10year treasury, you will see on this friday, last trading day of the week, the 10year is yielding 0. 64 . Looking at oil and the shut down of Oil Production and cuts of the number of barrels being produced a day around the globe, you did see prices come back down it is not enough to keep up with the dropping demand. Watching that too. This morning, wti is down to 18. 61 a barrel well be talking markets, potential medical bre