From todays apple event we start with a major selloff in the financials the biggest driver in the market with the xlf falling more than 1. 3 citi dropping 7 today under pressure that regulators could crack down on the banks Risk Management systems the stock is now down more than 12 in the past two sessions guy . Dan nathan has been talking about this for a while one of the things weve said is todays banks are much different than ten years ago theyve become utilities you have to look at them differently and you have to factor in valuations much differently. Ill say this quickly about citi right now at 45 the stock is now trading 63 of tangible book, assuming that tangible book is accurate thats levels we last saw probably in the financial crisis these are trough valuations in terms of the price of tangible book i think Warren Buffett told you everything you need to know about us banks hes obviously paring down exposures in banks i think that tells you a lot as well in terms of citi, its
Some European Countries slowly relax drop down restrictions germany follow suit jobs and get a makeover of the nations 16th regional leaders will discuss this facing. Christine window welcome to the Program Donald Trump has instructed his administration to hold funding to the World Health Organization mr trump says the w. H. O. Failed in its early response to the coronavirus the us president who has himself come under fire for his handling of the pandemic said the w. H. O. Should have done a better job of investigating initial reports in china the u. N. Secretary general antonio terrorist responded by saying that now was not the time to end support for the w. H. O. He said its with is absolutely critical to the global efforts to combat that 19. The w. H. O. Failed in its basic duty to save lives those are the words of President Trump and c. N. N. Is to freeze on funding for the u. N. Agency today im instructing my administration to halt funding of the World Health Organization while a
Johnson get a battle and the nation 16 regional leaders will decide later today. The sad anniversary paris is exactly a year since 5 badly damaged the Notre Dame Cathedral the brains shocked people in france and around the world the storage work has so far been slow but a couple of filmmakers have been able to use Virtual Reality to show how the cathedral looks and how itll look in future. While come to the Program Donald Trump has instructed his administration to hold funding for the Organization Mr trump says the w. H. O. Failed in its early response to the coronavirus the us president who has himself come under fire for his handling of the pandemic said the w. H. O. Should have done a better job. Off investigating initial reports in china u. S. Secretary general and to new the terrorist responded by saying that now was not the time to end support for the death. He said its way was absolutely critical to the couple efforts to combat cliff at 19. The w. H. O. Failed in its basic duty
Behind bars while murderers and rapists are growing free and investigation into Sexual Exploitation helped italian prosecutors convict 4 people who smuggled women from nigeria as a sex slave. Im burnt off its good to have you with us it is a bleak forecast for the Global Economy the International Monetary fund says that the Global Economy is on track this year for the kind of downturn last seen in the Great Depression of the 1930 s. Far reaching measures to stem the spread of the coronavirus are likely to have a huge impact on Economic Growth heres more. Amid lockdowns business shut down some travel restrictions due to the covert 19 pandemic. Look its bleak for the Global Economy the i. M. F. Is now forecasting a decline of 3 percent this year before the pandemic emerged as a grave threat to Public Health and Economic Activity the organization was expecting over 3 percent growth in 2020. The i. M. F. Chief Economist Says the current measures to contain the pandemic make a severe slowdo
Amid the pandemic but opposition parties in the country say antigovernment critics are being kept behind bars while murderers and rapists they say are going free and for people convicted for smuggling women from nigeria to italy to work as 6 slaves how a g. W. News investigation helped bring those human traffickers to justice. To our viewers on p. B. S. In the United States and all around the world welcome we begin tonight with a bleak forecast the whites of which the world has not seen since the 1930 s. The International Monetary fund says that the Global Economy is on track this year for the kind of downturn that wrecked economies back in the Great Depression and it has everything to do with far reaching measures designed to save lives in the corona virus pandemic. Amid lockdowns business shutdowns and travel restrictions due to the covert 19 pandemic the outlook is bleak for the Global Economy the i. M. F. Is now forecasting a decline of 3 percent this year before the pandemic emerg