To break trump has yet the stimulus long gem. Softbank backs the virus handed record losses in may at a drop of the value, some may change with earnings later. Lets get a quick check of how the markets are trading. We are seeing u. S. Futures under a little bit of pressure, down 1 10 of 1 . We have President Trumps executive actions on stimulus measures boosting sentiment. That weighed in indices. The s p 500 saw the highest close in sixmonth in the longest winning streak since 2017. Aska futures at the moment japan comes back from mountain day holiday. I mentioned softbank earnings coming back later. The japanese yen Holding Around the weakest in more than two weeks. The bloomberg dollar index unchanged at the moment. This after it touched a oneweek high. Watch out for some data this morning. We are getting south koreas 10 day trade data. We are getting japan numbers, not to mention singapores final gdp numbers. Crude headed towards 42 a barrel after gaining the most in a week after s
Declaration and we concluded that prefectures across the country have met that standard. The remaining prefectures are tokyo and three others in the surrounding area. As well as the northern most prefecture of hokkaido. The state of emergency once covered the entire country, but it was scaled back in recent weeks as the number of new infections declined. The Prime Minister says that Business Activities will restart in phases. Professional baseball games will resume next month but without spectators in the stands. Abe says he aims to create what he calls a new normal in the country. Translator our businesess a daily routines will be severely affected. From now on its important to think about how we can conduct business and live our lives while still controlling the risk of infection. The governments Coronavirus Task force is set to meet shortly to finalize the decision. Tokyos governor that afternooned people for their cooperation but urged them to remain cautious. Translator there coul
Which will initially be piloted the coronavirus pandemic is becoming a defining, on the isle of wight this week. And some would say deeply unsettling the app is part of plans to ease moment in the relationship between the worlds two lockdown restrictions. Economic superpowers. emergency extended last week, stock markets fell reads the japan times sharply on the threat after the countrys by donald trump to take unspecified Prime Minister shinzo abe retaliatory action has announced that hes against the chinese. Extending his countrys covid i9 state of emergency but china is giving until the end of may. As good as it gets. And in singapore, the straits we discovered a new virus. Times leads on warnings this cartoon lampooning from the countrys national the americans was posted by Development Minister the Xinhua News Agency in english. That the country is not even at the halfway mark of its battle the virus is killing doctors. Typical third world. Against the virus. Its airborne. It will m
Basic duty and must be held accountable. He says a review is now under way to assess the w. H. O. s role in promoting what he called chinas disinformation that might have led to the wider spread of the coronavirus. Now to the economic fallout from the coronavirus pandemic. The International Monetary fund has drastically cut its growth forecast for the Global Economy. It warns that the world is likely to experience the worst recession since the great depression. The imf f predicts t the Global Economy will s shrink by 3 in 2020. Thats down sharply y from the 3. 3 expxpansion fororecasted i janunuary. The declinine would bebe far wo than 2009 in the aftermath of the financial crisis when the economy contracted by a fraction of a percent. The imf predicts the u. S. Economy will shrink by almost 6 . Japan is expected toto see a contraction of more than 5 . Chinas growth rate is likely to stay positive but just barely at a little over 1 . The figures for europe are equally dire. Italy is ex
Theyre going back and forth. The governor says no, that is not on the table. This story, the fight with china heating up. China will expel the New York Times, wall street journal, the Washington Post from china. Also kicking those papers out of hong kong and macau. All this as the administration and congress ramp up another historic package for the u. S. Economy. Look at Market Reaction to that, up more than 1000 points on the dow. Futures in the green. This just in the Federal Reserve brings back another Credit Facility from the 2008 crisis to help the Investment Bankers and brokerages smooth out the credit markets about it comes to dealing in u. S. Treasurys. Fox news Congressional Correspondent chad pergram in washington with more. Chad . Reporter liz, good evening. Treasury secretary Steve Mnuchin has come to capitol hill twice in the past 24 hours to talk to Senate Republicans about putting together massive 800 billion to a trillion dollar package to deal with the coronavirus. He