Several areas we consider planes to reopen. Optimistic. Emains treasury secretary Steven Mnuchin says he expects the session to end this year with another Stimulus Program in the pipeline. Paul we are about an hour away from the open here in australia and tokyo. Lets get a check on what we can expect for the new trading day with sophie in hong kong. Sophie asian stocks looking at a muted start this wednesday. This after we sell stock gains fade into the close. Check out what is going on with qe markets. The qe dollar is trading ahead of the rbnz decision. In the bond space, we are seeing five basis points this morning. The central bank of new zealand seen holding pat. That is one of the items on the agenda we are watching with market very much in wait and see mode. Plenty of firepower being amassed in deal space the latest news of kp are having pulled together 10 million. Lets jump into the turn will. The terminal. We could be seeing positive mental for asian stocks. As you can see on
It is only the Dow Jones Industrial average right now that is lower today. We had a raft of earnings and a huge amount of Economic Data, very poor Economic Data. In the s p 500, it is some of the banks dragging it lower, but the dows worst performer right now is boeing, which is down 5 . Exxon mobil in there as well, and then j. P. Morgan chase. We had earnings from Morgan Stanley this morning. It has been a little all over the place, but down 1 now. The 10 year yield at 60 basis points after we got another whopping claims number, which we were expecting, but nevertheless is a shock to the system when you see it actually come out. Crude oil back above 20 a 0. 33. Just up about the u. S. Government said it was mulling paying drillers to keep oil in the ground. The vix just above 41. Guy a lot of oil. Lets check in with the bloomberg first word news. Here with the details, ritika gupta. Ritika the coronavirus outbreak has now effectively erased at decade of job creation. More than 5 mill
A little luck and little. To get down from the numbers not just stabilize requires a redoubling of Public Health at 1st. A president in denial jaya both sinatras comments rejecting social distancing or deleted by twitter because of fears they put brazilians of risk. And how to satisfy your groceries during a pandemic a michigan doctors tips go viral. So we begin in the u. S. Now the global epicenter of the pandemic more than one 160000 people are infected and almost 3000 people have died 790 of those in new york city after dismissing the dangers posed by coke at 19 in the early stages of the outbreak u. S. President donald trump now says his of ministration is ramping up testing in the last few hours hes claimed that the u. S. Is testing more people than any other country. Today we reached a historic milestone in a war against the. Coronavirus over 1000000 americans have now been tested more than any other country by far not even close and tested accurately. Heres a look at the global
Tested more than any other country by far not even close and tested accurately meanwhile the u. S. Federal reserve has made new unemployment estimates rob reynolds has more on that from los angeles. So theres some pretty bad news from the u. S. Central bank the Federal Reserve saying that 47000000 americans could wind up jobless and the Unemployment Rate could reach as high as 32 percent President Trump said that at the end of this pandemic prices the u. S. Economy will come back the governor of florida says he doesnt want a cruise ship with coronavirus patients on board to dock that 4 people have died and dozens of sick on board these on dime cruise liner its heading towards florida to possibly through the panama canal passengers showing those symptoms were removed and taken to zaandam sister ship the most of them and again i got in miami says that u. S. Authorities may allow the boat to dock elsewhere. Theyve been on this cruise ship since the beginning of the month they began in poi
The spread of the virus and in other news under pressure and his weight as Opposition Leader is accused of a coup attempt and several of his associates are due to. The United States has had the worlds worst single day of the corona virus pandemic with close to 1200 deaths on thursday at the same time more than 30000 new cases where recorded wartime powers are now being used to get urgently needed equipment out to desperate hospitals residental drum signed a defense production act ordering private companies to make masks ventilators and other medical gear new yorks mayor is urging people to wear face masks in public as the city remains americas 1000 hotspot a White House Correspondent Kimberly Hockett reports on the measures President Trump announced the top of the pandemic. As the number of corner virus cases in the United States continues to rise so does historic unemployment as a result the u. S. President announcing 350000000000 in Small Business loans to help Small Businesses retai