We start with an Epic Battle Raging On Wall Street that has seen small time Amateur Investors take on the titans of the hedge fund industry. Its all centred around this company the struggling us computer Game Retailer gamestop. It shares have soared at much as 1700 after a group of private investors used online forums to drive up their price. And that has raised serious questions about how Financial Markets operate in the era of social media, as paul hawkins reports. This is a story of david versus goliath, of the amateur online investor beating the Big Traditional Wall Street traders. At the centre of it, gamestop, a struggling American Retailer Selling dvds and video games. A number of the Wall Street Traders picked up on its problems and bet money that its share price would fall, known in the business as shorting a stock. Only for this particular stock, Amateur Investors swapping tips on the social media site reddit saw it as an opportunity. They bought shares, which actually drove
Europe here. We initially saw quite a negative story coming out of europe. In the United States, maybe some stimulus talks helping propel the story a bit higher. The s p up by over 1 . The euro has come back. It is still negative on the day. We did have a 1. 16 handle. We now have a 1. 17 handle, but we have seen continuing dismal inflation data out of the eurozone. Yesterday was germany. Today it is france. A 0. 6 print. We get the final number friday. Alix totally different from the u. S. , in that we are able to generate some inflation. Christine lagarde with her strongest signal that the ecb will change its goal. She said it may be worth examining a strategy that allows inflation to temporarily rise above the target rate, similar to the feds shift. We need to thoroughly analyze the forces driving inflation dynamics today, and consider whether and how we should adjust our strategy in response. The anchoring of fixed rate expectations might have loosened. The wider discussion today i
Expert analysis to break down how the industry has landed on the brakes with a packed show today so lets go and dive right in. And we leave the program with u. S. President donald trump laying out a roadmap to reopening the economy. Our approach outlines 3 phases in restoring Economic Life we are not opening all at once but one careful step at a time and some states will be able to open up sooner than others some states. Are not in the kind of trouble that others are in healthy americans will now be able to return to work as conditions on the ground. Instead of a blanket shutdown we will pursue a focus on sheltering the highest risk individuals so important were stablish ing Clear Scientific metric and benchmarks on testing new case growth and Hospital Capacity that must be met before advancing to each phase. For his briefing thursday the us president said it will be up to individual states to tailor the approach to meet their unique set of circumstances he although he was also quick t
If the virus returns in the fall as some scientists think it may possibly these guidelines will ensure that our country is up and running so that we can likewise put it out quickly. As we discussed the prospects of reopening the u. S. The number of reported deaths due to cope with 19 inside of the country hit a record of 4591 in just 24 hours on thursday so lets take another look at the spread of the quote of i was 30 correspondents. So i whats going on today so globally brand weve had over 80000. 00 cases just within the last 24 hours bringing a total death toll to over 150000 but the good news is or also almost half a 1000000 people have also recovered so lets start here with the u. S. Where the president has unveiled a new guidelines to help states loosen some of their instructions and to get the economy back but with over 600000 cases here in the u. S. The guidelines will still recommend minimizing things like nonessential travel and indicated that the vulnerable population should
Economy as the week draws to a close we take a swing around the globe to break down the performance of International Markets and later a few sectors have a few sectors have been spared and the Auto Industry is no exception we bring in expert analysis to break down how the industry has landed on the brakes with a packed show today so lets go and dive right in. And we leave the program with u. S. President donald trump laying out a roadmap to reopening the economy our approach outlines 3 phases in restoring Economic Life we are not opening all at once but one careful step at a time and some states will be able to open up sooner than others some states. Are not in the kind of trouble that others are in healthy americans will now be able to return to work as conditions on the ground. Instead of a blanket shutdown we will pursue a focus on sheltering the highest risk individuals so important were stablish ing Clear Scientific metric and benchmarks on testing new case growth and Hospital Cap