Were looking at just about thousands tens of thousands of families in households facing homelessness many put the 1st time in their lives there has not been a response in terms of how we will address of course opening back up and people feasting. Good afternoon and welcome to the program this is our team the International Coming to you live from the russian capital bring you your life news update. The feud between the worlds 2 largest economies china and the United States is ratcheting up and they called war style standoff a sudden hour after chinese officials left their consulate in houston following trumps order to close the facility u. S. Authorities and officials were seen forcibly entering the building the area was cordoned off and a group of men were spotted trying to break into the facility using tools before they managed to enter the building officials were seen to. We separate entrances without success as chinese consulate staff were departing the building on friday a crowd of
Coronavirus cases continue to rise as the fallout cripples the Global Economy. China may be forced to abandon growth targets for the year. We are just getting some news crossing the bloomberg when it comes to expectations for summer earnings out of we are expecting a pretty down quarterly in terms of the impact for the asiapacific. We will be bringing those to you shortly but in the meantime, we have data out of south korea. Shery we are getting the current account numbers for south korea for the month of march. Current account surplus coming in at 6. 2 3,000,000,000 fine 6. 23 billion dollars. The current account surplus narrowing a little bit from the previous month of february. Also, the month of february being revised lower to 6. 4 billion. The goods trade balance coming in at 7 billion. The surplus was a little larger than the previous month. Given that we do have the coronavirus pandemic and april export numbers really taking a hit, the march current account numbers not looking t
From the white house, Lauren Simonetti on markets and. Lauren with, dow down 1000 points we start with you. Lauren good news t was off the lows of the session. This is ugly. What a way to start off the new month and new quarter. The dow down 973 points. Broad selloff. President said it would be tough new weeks. Number of Coronavirus Infections in the utz top 200,000. If investors were spooked they got more spooked. Boeing, American Express by the way leading the losses on the dow today. Setting the tone this morning was the private employment number. You know what . It is an old number. It only counted half of march before the lockdowns in states throughout the country. That was a negative number. It sets us up for what well see tomorrow morning, Unemployment Benefits. Those numbers, Goldman Sachs is saying we could see 5. 5 Million People file for first time Unemployment Benefits tomorrow. Five 1 2 million on top of 3. 3 million we saw the week before. So that is an ugly part of the s
The worst dow point loss ever the previous 2 record set just last week as the markets were closing in new york and washington President Donald Trump was asked if the country was in a recession well it may be without thinking in terms of a recession with a good in terms of the virus once we step i think theres a tremendous pent up demand both in terms of the stock market and in terms of the economy and once this goes away once it goes through and were done with it i think youre going to see a tremendous a tremendous surge the trading day was so bad the president of the New York Stock Exchange had to shoot down rumors that the Trading Floor might close down tweeting closing the markets would not change the underlying causes of the market decline this would only further compound the current market anxiety. Over the weekend the Federal Reserve lowered Interest Rates to nearly 0 hoping it would call in the markets it did not they lower the rates on sunday market is telling us that theyre no
Exercising were ordered home. In front schools bars and restaurants are closed gatherings of more than 100 people are banned and people are being urged to work from home public transport is still running but more measures are on their way as of them at this stage in urban areas we will maintain public transport to allow french people to commute for strictly necessary purposes and regarding Long Distance travel by train between major cities by bus or by plane this will be gradually reduced. In the u. K. The governments been accused of not acting quickly enough to contain the spread as people stocked up over the weekend almost emptying supermarkets in some areas hundreds of scientists queried the governments strategy the Health Minister now says water time style measures are coming hes asking british manufacturers to make more ventilators soon everyone over the age of 70 will be asked to self isolate for up to 4 months and this week should see new measures including a ban on large gather