Annualized basis. Slightly less bad in the estimates. They do expect a contraction of more than 20 . Nonetheless, the nikkei up 2 . You looking at u. S. Jobless claims and payroll, adding urgency around stimulus in washington. The snp active futures in the u. S. Up 1 10 of 1 . The dollar still a big story in terms of the weakness. 6. 97 . Offshore at stronger data suggesting the economic recovery in China Remains on track your the bloomberg dollar index flat. This is what is happening with the dollaryen, flat essentially. The pound on a tear. Have a the boe that will meeting thursday and no action is expected. We will look at some of the commodities as well. 56,10 year yield below yelled at 55. Today we are expected to get details around a treasury in cash issuance and the economic recovery plans in the united states. Thats whats happening with oil at 43 a barrel, down 6 10 of 1 . Lets get to first word news with Karina Mitchell in new york. Karina global coronavirus cases have topped
Seven others for violating the new law and about 180 people for Unlawful Assembly and other related offenses. It follows a tumultuous start to the day with protesters taking to the street to voice their opposition to the law. Beijing approved the new legislation on tuesday. It lays out four criminal acts it says endangers National Security. Secession, subversion, terrorism, and collusion with foreign or external sources. If convicted, people could face life in n prison. Chief executive carrie lam defended the law in the ceremony to mark the 1997 handover. Translator the enactment of the law is the most important thing for hong kongs relationship to the mainland since the handover. Its a historic step as it has completeted a system to prprote our sovereignty and security. But critics say the law undermines the one country two systems framework which is supposed to guarantee hong kong a high degree of autonomy and judicial independence. The number of coronavirus cases here in japan conti
3. 5 . The s p, a similar gain, about 2. 5 there. And the nasdaq composite up just with over 2 . That is clearly a rally. Helped by the Federal Reserves bond purchases, thats money printing, a report from bloomberg on a possible trillion dollar plan for bridges, roads and 5g access in rural areas, thats the stimulus plan, a new one. Also helping, really helping, news from an Oxford University study, a breakthrough in the treatment of the virus using steroids. It significantly reduced mortality. We also have the rapid opening up of businesses all across the country and maybe an improvement in u. S. china relations. Mike pompeo meets senior chinese officials in hawaii tomorrow. And then theres this retail sales in may up 17. 7 . That reflects the partial reopening of some stores. It is a very strong number. The president just tweeted about it. Ill read it for you. Wow, may retail sales show the biggest one month increase of all time, up 17. 7 . Far bigger than projected. Looks like a big
eight nutritious and filling meal. the wagatha christie trial gets underway in the high court rebekah vardy is suing coleen rooney for libel. as one of football s new superstars closes in on manchester city, what will the signing of erling haaland mean for the premier league and pep guardiola s title chasers? and i ll start to the money but also fairly grey for many, brightening up later with more sunshine, and one or all the details right here on breakfast. it s tuesday the 10th of may. our main story. this the queen will miss the state opening of parliament for the first time in nearly 60 years, because of ongoing mobility issues . prince charles will deliver the speech instead, which sets out the government s main plans for the year ahead. our royal correspondent daniela relph has more details. last year, he provided the support for his mother. today, the prince of wales takes on the main role instead of her. it is a significant moment, constitutionally and personally
They used a 43 weapon in afghanistan. The 43 is a large powerful and accurately delivered weapon. They referred everyone to the department of defense. He was proud of the military and did a good job. We are talking to a mill expert about what this attack means in the war on isis and u. S. Relations in other parts of the world. An nbc 10 exclusive. After a son was shot in the head anded of his brabd new booik. A south jersey teens father is fuming and anxious for justice. Its crazy this think something would happen. Live in the county. This happened just last night. It was 9 15 when they were playing basketball. Their bicycles were right beside the court when an older boy jumped on one of the bikes and started to ride away. The kids gave chase and thats when the pellets started to fly. I just got shot in the head. And my wife went into a panic. The family rushed to find their a 15yearold son bleeding from a pellet gun wound to the head. One guy rode off on the bike. One was shooting fro