U. S. Break. Also this hour no longer fair just lovely a popular skin lightning cream is renamed after a backlash in the wake of the black lives matter protests. And in sports the house of the 2023 womens world cup will be announced later on thursday and joint Australia New Zealand bed goes up against colombia as they all drive to stage the competition for the 1st time. We begin with new developments in the global Aviation Industrys efforts to survive during the coronavirus pandemic more than 40 Major Airlines have been forced to ground their entire fleets many have suspended over 90 percent of their flights australias Largest Airline quantas today announced 6000. 00 jobs are to be cut in the pit to lower costs as it fights to stay in operation across in the u. S. Air travel is still down more than 92 percent as compared to last year even though some flights have resumed since april in germany tons of the 2nd Largest Airline in europe has signed a deal to secure a 10000000000. 00 gover
Taking their claims of economic injustice straight to the financial district. They are marching past wall street and the famed bull statue. Just moments ago, we got video of this to ensure that their miss ja message is heard loudly and clearly. Here are live pictures of groups gathering at this hour in los angeles. St. Paul, minnesota. And right now, the protests do appear to be peaceful at the moment. That, of course, is the way many of the protests around the nation actually began yesterday before descending into chaos in cities from new york to louisville to washington, d. C. Macys Flagship Store in Herald Square among the businesses attacked by looters. Today, businesses are bracing for another night of unrest. Lands end ceo is here to tell us how hes protecting his retail outlets while juggling the Coronavirus Crisis over the past couple of months. Images of looters attacking rodeo drive, one of the worlds top luxury destinations, has Beverly Hills just one hour away from a citywi
The p. M. I. Well dive deep into this in a bit. Look at the boards. The dollar still holds on to the retreat. That is helping some asian currencies out there. Ere holding on 706. We were near the 100day moving average. Were siegristance now that the dollar seems to be hovering around the twoweek lows despite the fact but were seeing the dollaryen pretty much at 168 but seeing at least six days of gains so far for the japanese currency. Watching oil price. We see it climbs once again. You are seeing w. T. I. Futures. 4 higher for brent crude. Gold snapped out of four dives declines. It is largely unchanged. Hovering around 62 basis points now. We have the First Official gauge for chinas economy in april. Weakened again. Investors are waiting to see what steps the pboc may take to bolster the economy. Our guest from citigroup joins us this morning. What is your assessment of the p. M. I. Data that we got. Nonmanufacturing. Manufacturing below the forecast. Still in expansion territory. A
Chairman. Lets get you started with a quick check of how markets are trading. U. S. Futures continuing to add to gains after u. S. Stocks rallied in the regular session. Vaped tech shares leading the gains. Alphabet optimism about the experiment of drug coming from Gilead Sciences. U. S. Futures gaining ground at the moment. This after the s p 500 rose in the regular session. We have some negative data when it comes to u. S. Fourthquarter gdp seeing the biggest fall since 2008. We did get the fed decision. We have policymakers holding rates steady. Wti also continued to add to gains after we rose in the regular session, rebounding from almost 30 of declines in the last two sessions. Haidi of course one of the big headlines, the Trump Administration putting together this Manhattan Project style effort to drastically cut the time it takes to develop a coronavirus vaccine. Operation work speed hopes to have enough warp speed hopes to have enough doses available by the end of the year as g
Top producers consider even deeper output curves. Shinzo abes state of emergency now covers the whole of japan after critics said his initial virus response offered to little, too late too little, too late. Shery breaking news out of south korea. We are getting the jobless rate coming in at 3. 8 . As expected, a rebound from the previous month of february. February was a 3. 3 . In the month of march coming in at 3. 8 . In line with estimates but still a rebound. Of course, we have seen weakness in retail and hospitality, employment, given this coronavirus pandemic. The government has tried to create jobs and that has helped the economy. They of course have already passed a 10 billion extra budget, but we are now seeing the jobless rate climbing to 3. 8 . This as president moon jaein has called for more aggressive measures on job creation. Of course, moons Ruling Democratic Party of korea just won the implementer elections. Take a look at how markets are trading at the moment. We are se