Off the rails south africas Railway System grinds to a halt leaving hundreds of thousands. The u. S. Has broken with all the other permanent members of the Un Security Council and unilaterally declare the reimposition of sanctions on iran americas major allies britain france and germany say sanctions relief will continue the dispute is over the Iran Nuclear Deal washington pulled out of that 2 years ago the other signatories say the u. S. No longer has the legal power to force through any changes diplomatic go to james bays reports. Its aroud its even pitted the u. S. Against some of its closest allies and its now over 5 years since the Iran Nuclear Deal was signed in vienna joining the negotiations the us team under the leadership of the then secretary of state john kerry devised a mechanism called snap back if iran breached its commitments all International Sanctions could snap back into place but thats not the way things played out the United States will withdraw from the Iran Nucle
Deal to buy the company could come in next few days and theres a third bidder enter the fray walmart, wait, what. Thats right we have the details walmart entering that one. The sports world at a virtual stand still. The nba pauses playoffs to put a spotlight on Racial Injustice in america. The Houston Rockets owner will join us. Well talk about that and the hurricane as power lunch starts right now thanks stocks are giving up sol me of their early gains. Bob has the latest for us. Banks and health care are leading but most Everything Else is down. Sell off in the middle of the morning. That as an attempt to take some profits on tech stocks these sell offs dont last long. Look at the triple q here in is the nasdaq 100 at a new high its a rule here it goes up for four days and maybe down one day we have seen this for a couple of months now. Here you see the teams to sell it off it doesnt last very long. Theres been a lot of people arguing, look at the megacap tech names its time for a pa
For Racial Justice in the United States renews pressure to change the name of washingtons Football Team. Not just in american football Lewis Hamilton says formula one isnt doing enough to fight racism and ive not seen. Any change and that upsets me Will Champion urges are forced to confront his lack of. Starting in ethiopia this says they were tension remains high days after a popular singer and activist was killed by an unknown gunman. He was laid to rest on thursday in his hometown of west the capital was an icon for ethiopias biggest ethnic group the oromo his murder sparked days of protest with an 80 People Killed in that violence the government says armed gangs have been roaming the streets and so the military is now patrolling the streets in the capital addis ababa. On the line for us now bill in salem who is the spokesperson for the ethiopian Prime Ministers Office of International Media thank you for your time today 1st of all what is the situation after the funeral is the mili
We welcome you in different localities around a beautiful and recovering new york city. You see that on the stock market this morning, with equities up nicely, and yields higher. Safe havens a little bit in retreat. Jon, what is your observation on a tuesday as we move through the week on how this market is doing . Jonathan the focus quite clearly, reopening. Views are still polarized because the near term are so binary. Either reopening is a success, or it fails and we get a second wave. It is one or the other in a nearterm, at least. Tom one of the things that is so important is when i look at the recovery that we are in, it is predicated on the next round of stimulus. Why do i need a round of john norman at j. P. Morgan is telling me we are in some form of recovery . Lisa a lot of people are expecting the federal government p enhanced Unemployment Benefits. There is expectation baked in that that will continue. My question is, how much pressure will they be on washington to continue
We do know some options that they have. Well explore that a little bit later. Meantime, i was telling you about a lot of depressing economic news. Latest home sales are expected to fall at least 15 this year. That adds to a string of stunningly weak numbers. I say stunningly weak. Wall street was bracing for some bad numbers but to connell mcshane, i dont think they were bracing for this bad. To you, my friend. Connell i think that is the point, neil. In many ways to your point what we learned on both the economic front and when it comes to earnings is soar of confirmation what we already knew. That this economy, thanks to the coronavirus inspired shutdowns is in very rough shape. But when you look at things like retail sales and drop we saw there, this, is even worse than we thought. I mean the largest drop that weve ever seen in retail sales on a monthly basis. So thats march. Economists know april is likely as bad or worse. This comes from the commerce department, only been tracking