In china. China rolls out its fiveyear plan, promising to build a tech powerhouse. Coming his party also wants greater sustainability. At the ecb says more stimulus is coming as eu governments proposed new virus lockdowns. It says bond buying and support wont seize until the covid wont cease until the covid crisis dies down. Shery quick check of the markets, u. S. Futures coming online under pressure, down 1 after disappointing markets in earnings. We managed to end the session higher by more than 1 , s p 500 gaining the most in two weeks. We had strong data to surge Third Quarter u. S. Economic growth and a decline in weekly jobless claims. That recovery in the u. S. , setting us up for a recovery in asia as well. Look at new zealand trading at the moment, ever so slightly higher, asx futures pointing to a gain of. 4 , reversing declines of 1. 6 we saw thursday. Nikkei futures pointing higher, a little weakness though in seoul. Top story, plenty of action after the bell in the u. S. W
Last. Anyone else quarantine confusion the u. K. s only telling new arrivals to isolate now that infections are falling which stop the spread. And on time the hamas now have all the support including tyson fears from osa says the match against the ontario wilder could happen this year in macau. 2 weeks after 46 year old black man george freud died under the knee of a Police Officer sparking a global wave of protest the accused killer has faced court Derek Sherman has been charged with 2nd and 3rd degree murder as well as 2nd degree manslaughter is appeared by video link in a Minneapolis Court as the charges were read thousands of people queued to pay their respects to George Floyds body and his home city of houston is funeral will be held there on tuesday and as the protests grew the cry to defund the police has become louder counselors in minneapolis of already committed to dismantling the Department New york and los angeles have also vowed changes to funding. Lets go straight to john
Abdullah abdullah has held a separate ceremony to inaugurate himself. Welcome to the program the spread and fear of crude a virus is starting to have a major Global Economic impact on top of the growing he would cost u. S. Stocks plummeted in the opening minutes of trading in new york forcing a temporary suspension of the markets also hit with big drops in asia Europe South America brazil stock market also had to suspend trading after a 10 percent drop mondays market shock was triggered by a 30 percent plunge in the price of oil has been following events for us in new york and its been a bit of a bumpy road for the dow jones just a little whats been happening in the last couple of hours. Yeah a very dramatic morning here in new york as all of the major indices remain down significantly they have recovered a bit now the Dow Jones Industrial average and the s. And p. Both trading around 5 percent lower earlier shortly after opening bell they plummeted more than 7 percent triggering that
Im Adrian Finnegan this is counting the cost on aljazeera a weekly look at the world of business and economics this week recession why an emergency fed rate cuts just isnt good enough to save the Global Economy from the impact of the fast spreading coronavirus as the World Bank Offers billions to developing nations to support Health Care Systems inside a lab thats working to find a vaccine to fight the virus and Oil Companies in the republic of congo have discovered vast oil reserves but drilling could be environmentally damaging. The worlds factory has been shuttered supply chains have been broken flights of been grounded tourism decimated thats the real world consequence of the coronavirus and the epidemic has yet to peak outside china growth could this year want the o. E. C. D. To 1. 5 percent from its previous forecast of 2. 9 percent growth below 2 and a half percent indicates a global recession as markets crashed Central Banks stepped forward to say that they were ready to suppor
Zambia president blames Community Leaders for inciting the violence. So we continue our coverage of the corona Virus Outbreak the number of cases worldwide is believed to have reached 100008 silly now has the highest number of deaths outside of china and the continuing spread of the virus across the globe is beginning to test diplomatic relations japan and south korea now gauged a tit for tat battle over travel restrictions which is anger at the World Health Organization the European Union held an emergency meeting to agree solidarity among its 27. 00 nations off to france germany and other countries blocks exports of protective equipment and then there are concerns over a worldwide recession thats continuing to weigh on the Global Financial markets stocks are falling and emergency Interest Rate cuts have been enforced in the United States canada and australia jonah hall has a round up of the latest information. The global infection total since the start of the corona Virus Outbreak ha