Toll continues to rise globally one person is dying every 15 seconds india is leading and daily deaths and you infections its been in and out of lockdown a failure in the fight against the virus and a blow for business. Less than a month ago stores in the indian tech hub of bangalore were forced to close once again. Numbers of covered 1000. 00 cases have risen after the steady easing of indias initial lockdown. Still businesses and citizens alike clamored for the chance to get back to work. And they got what they wanted since late july restrictions have been gradually relaxed. But once again came a renewed surge in corona virus cases new infections nationwide have now topped 50000. 00 per day for 6 days straight the World Health Organization has urged india to rigorously enforced health measures. Again the potential for the disease to spread quickly in over crowded urban areas and in poorly served rural areas is always there and india will obviously have to keep a very strong and susta
A 16th century mosque. Sri lankans of voting in the much delayed election its the 1st poll in south asia during the krona virus pandemic. We begin in lebanons capital where people are describing the fallout from tuesdays explosion as apocalyptic there were scenes of chaos after the blasts to rip through the citys port killing at least 100 people the president spoke a short while ago promising an investigation to reveal what happened shall our own also appealed to the Global Community to speed up assistance to lebanon it was already grappling with an economic meltdown residents meanwhile theyre trying to come to terms with the widespread damage that extended over half the. City among the hardest hit areas of the busy commercial districts beiruts governor says up to 300000 people have been left homeless over this was the moment of impact as you can see the blast there happening at a port warehouse where the government says about 2700 tons of Ammonium Nitrate had been stored for years mor
For the people of lebanon cost of the damage from the blast is estimated to top 3000000000. 00 with food imported by the flattening of beiruts port. And breaking ground and stirring controversy indias Prime Minister lays the foundation of a hindu temple on the ruins of a 16th century mosque. Also sri lankans are voting in a much delayed election its the 1st poll in south asia during the coronavirus pandemic. And he stammered with the sport refound the dull confirms he will not defend these us open title later this month because of coronavirus fears. Welcome to the news are we begin in lebanons capital beirut where people are describing the fallout from choose days explosion as apocalyptic there were scenes of. Else after the blast ripped through the citys port killing at least 100. 00 people the lebanese are trying to come to terms with the widespread damage that stirred memories of the civil war among the hardest hit areas on the busy commercial districts beiruts governor says up to 3
Singapore and malaysia as well. The Peter Navarro episode, if it is any indication how sensitive markets are to the slightest hint of bad news, that tells you the story of volatility in store for markets in the second half of the year. A quick check on the risk radar. Aussie yen coming off a little bit, that tells you where we are in terms of Risk Appetite. We were closing in on 79 a few weeks ago. Brent crude, some upside. Lets get you up to speed with other top stories we are watching. It lawmakers in washington have approved a bill to penalize banks doing business with china over beijings National Security legislation for hong kong. The bipartisan measure in the senate has support in the house of representatives and needs to pass before reaching president trump. It condemns china for breaking obligations under the deal that return hong kong to mainland rule. The coronavirus has hit local trade hard with lockdowns increasing by 12 . The hike of that pandemic in april, new research th
Friday here. We had the range bound markets all week, maybe with the exception of gold. All of that pushed aside by the ramifications of the pandemic. We dont need to go into it now, but i really wonder over the andend, as the economists equity strategists write how they adapt and adjust their q3 view out of the news we are seeing from the sunbelt. Jonathan it is going to be a tugofwar for the next few weeks and months. Beneath the surface, the fragility is really going to start to show in places like texas and florida. Lisa this is the tension. The traditional data we rely upon, getting some of it today at 8 30 a. M. With u. S. Personal income and spending, this data is outdated well before we even get it. There is a question of what do you look at. Do you look at restaurant rivers rations restaurant reservations . Do you look at mobility trends . These are things i am watching in the day ahead. The universityt of Michigan Consumer sentiment survey. At 2 00 p. M. , u. S. Airline execu