A huge Unprecedented Program of support both for workers and for business and i can assure you that we will keep these restrictions on the constant review we will look again in 3 weeks and relax them if the evidence shows we are able to but present the rig just no easy options the way ahead is hard and it is still true that many lives will sadly be lost. Well the death toll in europe continues to grow the number in italy is now past 6000 double that of china where the virus began one in spain more than 2200 have died the u. S. President says he is working with both the republicans and the democrats to ensure a trillion dollar stimulus bill is approved politicians on monday failed to pass the legislation for a 2nd time theyre under increasing pressure to prevent an economic collapse amid an increasing number of cases the head of the u. N. Is calling for a global ceasefire to allow the world to focus on the fight against the pandemic is a diplomatic editor james. Lowe welcome to this the
Peak fatality rates could come in the next two weeks. Haidi brent crude is at its lowest price in trading since late 2002. The australian markets have just opened. Lets get straight to Sophie Kamaruddin. Sophie shares opening lower in sydney. We are seeing and struggling australian in vectors australian economy goes into hibernation. It should strengthen gdp 10 this quarter. As for new zealand, 14 quarterly contraction in the Second Quarter before rebounding as officials wrap up. Buying Corporate Bonds from tuesday. Off more than 2 . Nikkei futures in chicago under pressure. Analysts believe the economy is already in recession. Japanese Prime Minister shinzo to fund the biggest ever stimulus package. Futures sinking more than 2 . Worries about Economic Growth and dwindling demand also playing out in the oil market. Wti testing 20. Flipping back, President Trump is still speaking at the white house, where earlier he said he would extend the guidelines for americans to distance themselve
A man the system and the 19 can be contacted i used as a pundit make over the past 2 weeks the number of countries affected by the virus have tripled globally there have been more than 120000 cases with over 4300 deaths more than 67000 of those infected have fully recovered here in the United States there are now more than 1000 cases speaking in front of the u. S. House Oversight Reform Committee the director of the u. S. National institute of allergy and Infectious Diseases said things are going to get worse. So i can say we will see more cases and things will get worse than they are right now how much worse well get will depend on our ability to do 2 things to contain the influx of people who are infected coming from the outside and the ability to contain and mitigate within our own country bottom line its going to get worse. And meanwhile in europe german chancellor chancellor Angela Merkel is concerned that up to 70 percent of the countrys citizens could be in fact that. By then wa
Eeked out a two basis point gain but it could have been worse and it should have been worse and was at one point in the day very ugly but the nasdaq rallied in the close taking the market with it. I kept from the very beginning, from the opening bell, where are the sellers. Where are they why arent they reacting to that ugly warning that we got monday from apple why is everything no matter how negative treated as a buying opportunity. It is like there is always something to be said for instead of and i think i know the answer. I think it is the index funds. 60 is coming in via index funds and they buy everything, including the stocks that should be getting hammered by bad news. And they buy in waves and they are in control of this stock market not mutual fund or Hedge Fund Managers either. Yes, index fund buyers i know people call this market a bubble and blame an easy fed but maybe, just maybe, listen to me, there is no one toblame. You simply have Many Companies doing well and compan
Three straight years, according to the f. B. I. In San Francisco, its been especially tragic, increasing 59 over three years. With this data, we can better track these crimes, understand whos being impacted, and develop better strategies to address them. Secondly, im proud to be working closely with budget chair fewer on budget reform legislation to improve transparency and engagement at every especially step of the budget process. In my very first board meetings, i held my very first town hall on the eraf budget. I would add our budget process is also a statement of our values. Democracy must be one of our core values. Thats why ive dedicated my first year in office to strengthening our democracy, fighting political corruption to ensure free and Fair Elections and now budget reform. Democracy does not begin or end at the ballot box but should be part of the processes with which we govern ourselves in every facet of our lives. I look forward to working together to expanding our Democra