Point 46 overnight. Political posturing is taking place with taking place between london and brussels. Checking in with some of the other little asset of the other asset classes. Gold pulling back in tandem with ,. 10 lower. Tom lets get you the first word news and an update on the continued spread of covid19. Have surged past 40 million and show no signs of slowing. U. S. Infection rates rising in 48 states while europe is inosing tighter restrictions london, paris, and other cities under strict curves with ireland enacting some of the toughest restrictions yet seen. The World Health Organization says failure to control quarantine rules has led to the resurgence. I stocks hit a six month low amid fears continuing street protests will drive investors away and further hurt the weakening economy. The benchmark index closed at its lowest level since april 16 as demonstrators bow to keep up pressure for constitutional reform and curbs on the monarchy. The index has lost more than 5 of its
Concerns over u. S. Intellectual property what diplomats sensitive documents. Who were in dire straits now were breaking point. Restaurant owners in south africa protest the coronavirus lockdown restrictions devastating their industry and they accuse the government of failing to provide the support they need to survive. Find a welcome to the Program German prosecutors say theyve arrested the former chief executive and 2 Board Members of the payments processor while as part of investigations into announced fraud marcus brown and 2 other Board Members were detained in munich investigators say theyre suspected of faking income to inflate the company. Balance sheets like cod went bankrupt after revealing a nearly 2000000000. 00 euro hole in its accounts last month the scandal has triggered criticism of germanys financial oversight and led to calls for the government to explain how much it knew about the companys jubas accounting practices. Well Stephen Beardsley from d. W. Business can tel
Washington or that its closure citing concerns over u. S. Intellectual property would diplomats burning sensitive documents. The women and children stranded by the collapse of the socalled Islamic State many of the european citizens we hear from the french were fighting to bring his daughter and grandson out. And food for the souls of underprivileged children in the form of dance we meet a ballet teacher in nigeria is offering free lessons and some of the students hussein has changed that its. Time for welcome to the Program German prosecutors say theyve arrested the former chief executive and 2 Board Members of the payments processor why a card as part of investigations into alleged fraud marcus brown and 2 other Board Members were detained in munich investigators say theyre suspected of faking income to inflate the companys balance sheet. Went bankrupt after revealing a nearly 2000000000. 00 euro hole in its accounts last month the scandal has triggered criticism of germanys financia
Front. Showing millions of jobs lost. Well see more with the jobless claim number and tomorrow with the number from the government dow looks to be up 260 s p up by 34 and nasdaq up by 118. We are getting competing views jobless numbers we know are bad. Then you see oil prices that tell you where things may be headed prices may be up again gain of 7. 3 this shows you maybe things are starting to pick up around the globe. Maybe that demand is coming back that may be something to hang your hat on. Andrew thank you we have a huge lineup of guests. Secretary of state mike pompeo will join us to discuss relations with china former ceo of Goldman Sachs about the outlook of the economy and the ceo of paypal and also talking to the ceo of hilton and aflac ceo will join us and our media guru from lion tree hard to think we are going to pack it all in in three tiny hours. That means no screwing around at all today is what i think go for it then. Three hours time for everything. With err going to
Because something looks like it is. That will be deemed a victory. Do you share that . I agree. Even a mini victory will be great for the markets. That is priced in. People are so nervous about a trade war. Businesses and consumers are holding back investing cash right now. 3 trillion sitting in money market fund, the highest in history. People are still neil 3 trillion in money market . Correct. Neil like money under the mattress. That has to be put to work. Money going to put to work. If you get uncertainty lifted that is a whole lot of money going into the markets to lift it higher. Neil the old story of lore, markets in this anticipation might sell on the fact. Where do you think this goes . Certainly this has been an ongoing drama for two years now. Weve seen this movie before. Expectations run high. Then they get dashed. I do think there is some momentum here for at least a truce. Certainly in chinas interest to buy some ago products from the u. S. They have the african swine flu