In infections or deaths could mean the tokyo economy could go in reverse. There is cautious optimism in europe. Spain and italy reported a decline in infection rates as people are told to stayathome over the easter break. Haidi we are getting breaking news out of south korea. The latest reading of the impact of the ongoing coronavirus pandemic having on this explosive economy. Of threetting a plunge point 8 when it comes to Industrial Production. That is actually better than the survey. We were expecting a contraction to the tune of four point 5 but 3. 8 percent contraction, worse than a contraction we saw in the month of january. When it comes to the year on year number, 11. 4 gained. A lot better than the 3. 4 that was surveyed and bouncing back well and truly from a contraction of 2. 4 percent. Seasonality issues will also be at play but we are expecting to it continued disruption when comes to supply chains, manufacturing, and overall industrial productivity and activity in korea a
Of covert 19 but 1st lets start by talking about. The global death toll still on the rise with more than 25000 people and nearly 555000 back to the United States now lead with the most confirmed cases in the world with more than 86000 infected and nearly 1300 fatalities new hotspots are emerging across the u. S. And chicago detroit and new orleans Vice President mike pence downplayed trumps comments over reopening the economy by easter saying the president expressed really an aspirational goal as we continue to follow the data on thursday g. 20 leaders held a Virtual Meeting where they vowed to Work Together to combat the virus we talked about the problem. Really wont be a problem for. The United States is working with their friends and partners around the world to stop the spread of the virus and coordinate their efforts we just go so vitally important is for all of our nations to immediately share information and data and weve been doing that to a large extent but will do it even mor
A nationwide lockdown earlier this week which many predict could last up to fix months for more numbers and information on the coronavirus be sure to check out our portable the t. V. Up and look for the section trucking coronavirus and were going to bring in. To tell us more about the Global Impact but its having on the economy. Now once again the market isnt buy the rumor sell the news mode as the historic rally of nearly 20 percent in the previous 3 trading sessions faded and where once again timely 600. 00 points off the open market moves or the past 3 weeks have been fast and furious and the volatility has no indication of slowing down the temporary euphoria from the stimulus shot has subsided and were left with the grim reality that the u. S. Is now the new epicenter of the coronavirus now after much delay the house on friday passed a 2 trillion dollar terrorist act which stands for the coronavirus aid relief and Economic Security act and the now has to present trump to sign into
The sectors where you might want to hide out, each down by at least 4. 5 . Volumes down as well. Industrials, 106 above the industrial average in canada. Canadian stocks fell 10 on the day as the country recorded its first death from the coronavirus. Romaine european stocks flirting with the bear market. Of course, we had that big drop in crude. We know what sovereign bond yields are doing with the treasury yield. Scarlet everyone is looking for different technical levels, searching for any kind of hint. That is what Abigail Doolittle does so well. Abigail i want to start out with what stood out to me most. Capitulation, even though we are probably not close to a capitulation bottom. The dow transports in a bear market. Oil clearly in a bear market. The s p 500 down almost 19 . Hard to see the s p 500 not slip into a bear market. What the impact will be to the global economy. This is the chart that really, on this day, stands out the most the dow transports today did something it reall
The global death toll still on the rise with more than 25000 people and nearly 555000 back to the United States now leads with the most confirmed cases in the world with more than 86000 infected and nearly 1300 fatalities new hotspots are emerging across the u. S. And chicago detroit and new orleans Vice President mike pence downplayed terms comments over reopening the economy by easter saying the president expressed really an aspirational goal as we continue to follow the data on thursday g. 20 leaders held a Virtual Meeting where they vowed to Work Together to combat the virus we talked about the problem. Will be. It states is working with their friends and partners around the world to stop the spread of the virus and coordinate their efforts we discuss how vitally important it is for all of our nations to immediately share information and data and weve been doing that to a large extent but well. Do it even more so in the meanwhile europe continues to see a surge in its numbers italy