Thank you for being with us on this simulcast, Bloomberg Radio, Bloomberg Television worldwide. Tremendous news flow wrapped around the details of a worsening pandemic worldwide, and indeed across this nation. Also looking at markets off the faxing news, futures up 10, dow futures up the vaccine news, futures up 10, dow futures up. New low on the vix as well. Looking at the calendar, everybody is recalibrating. Weve got a major house recalibration of the equity markets out moment ago. Jonathan at Credit Suisse, Jonathan Golub, they have a forecast yearend on the s p for the end of 2021 with a 12 upside. The 2021 forecast is designed to answer what the future will look like in the future. He makes the point at the end of this paragraph that the rotation into the cyclicals will largely be behind us, and they stay overweight on tech, also overweight on the financials. That is just a flavor of where Credit Suisse are at this morning. Tom the conversation forward, and i cant say enough on r
Escape bitter poverty. Worldwide, women are more affected by poverty than men. Theyre generally expected to look after the family. When they can work, they earn far less, can save less and their jobs are more insecure. In times of crisis, women are generally hardest hit. The United Nations says that more than 70 percent of Domestic Workers lost their jobs in the 1st few months of the pandemic. The vast majority of women according to a u. N. Study, by 2021 around 435000000. 00, women and girls will be living in extreme poverty. 47000000 more than today, and the situation isnt likely to improve by 2030 these n. G. s on their way to a woman who lives in rural albania, with her children in fear of their lives. A group of 7 fallen tears has been sent here by a foundation called a different weekend. The organization has 12000 volunteers in all their woman calls herself scored. She doesnt want us to use her real name. She and her children were repeatedly beaten by her husband. He was eventual
Last week. That means 38. 9 Million People have been thrown on to the unemployment lines in the last eight weeks. 38. 64 million to be precise. The only bright spot is the weekly claims have consistently come down. That implies that the layoff trend has already hit bottom. Heres the markets reaction to all of this. The dow at the moment is on the down side but not much by. Youre looking at 60 points lower. Youre looking at the nasdaq down about 16. Small losses across the board. Helping the market, astrazeneca, working with Oxford University, they have announced progress on a vaccine. They will do phase three trials with 30,000 american patients in july. If it works, they say they could deliver 300 million doses by the early fall. Then weve got three stories about open up and open up now. 600 doctors delivered a letter to the president outlining the Severe Health costs of the lockdown. They call it a mass casualty incident. Open up, they say. The front page of the New York Post blares
For the nextxt montth, we must whatever we can to reduce social contact by 800 . So in adddition to the rereques to r refrain from m nonessennti outings, we have decided to issue temporary facacility andd business closure requests. The list includes educational facilities, karaaoke bars,s, parlors, sports clubs, theaters, internet caves and game a arcad. Rerestaurantss and b bars willl askedd to close byby 8 00 p. P. M. Koioike says businesses that ae by the request will be eligible for financial aid. Essentially Services Like supermarkets, Public Transit and even hotels will remain open. The announcement comes three days after the Central Government declared a state of emergency for tokyo and six other prefectures, the governors of kanagowa, and osaka are considering requests to shut down businesses. Governors in other parts of the nation have declared an emergency on their own, and have asked the Central Government to extend itss declaration to thei prefectures. More than 5,900 peopl
Theyll be a lot of deaths unfortunately. The u. S. President warns of americas toughest week in the battle against coronavirus. Living on the edge chimeric and farmers getting us about the coronavirus coming to town as the spring planting season begins. Begin in the u. K. Where new coronavirus figures have just come in another 621 people have died thats about us i tell issues from the day before but with the weather Getting Better people are still going outside as you can see despite the governments advice to stay indoors so now the u. K. s Health Secretary says he may ban public exercise in spain the latest figures provide a little hope for the 3rd day the death toll has fallen with 0. 67 down 135. 00. The previous day and the infection rate is also slowing and in iran the president will allow low risk Economic Activities to resume from saturday 2 thirds of government Sector Workers will head back to work despite warnings of a possible 2nd wave of infections well lets go live now to j