Squawk alley. As you just heard, stocks are continuing to move higher today although off of the highs of the morning. The s p is up about 0. 6 the nasdaq up about 84 points. On track for the fourth week of gains for the major averaging and today it is that reopening trade back in the drivers seat today. It is it is retail names as well at the same time we dont see a buy fur indication it is a shift to more of a focus on e commerce. Amazon is up 1 . And facebook is up better than that that to me is interesting. Walmart is a stock that has done well prior to things opening up. It is also higher. So there is a mix. I think there is general positivity, larger stocks in general are doing better, but it seems like the market is reacting to not just opening up versus not, but maybe a sense that the economy is starting to find its footing. It is such a great point, john it is names like micro soft, adobe, some of the big cap tech names. So it seems like today, at least, this rally, the breadth
After the panorama. Severe weather continues to test china over the past week, natural riots in the country have affected 16 Million People , the death toll is approaching 150 flooding typhoons have destroyed more than 13,000 buildings total economic damage, about 6 billion dollars. Now all forces are thrown at restoring the infrastructure of houses and strengthening the river dumps from beijing are in touch our correspondent and yaroslav danilenko colleagues, hello. Indeed, the chinese authorities are allocating large sums to restore individual cities and provinces affected by the rains caused by typhoon taxuri last week , heavy rains caused largescale flooding. So in the capital of china, more than 90 highways were damaged. All of them are located in the suburbs. Beijing suffered damage, rural roads. We have attracted city highways , additional labor and heavy equipment work around the clock actively helping rescuers, military and Police Footage published by China Central television
Hello and welcome to our look ahead to what the the papers will be bringing us tomorrow. With me are the director of thejohn smith centre and former leader of the scottish labour party, Kezia Dugdale and also matt dathan, whos deputy Political Editor of the sun newspaper. Welcome back to you both. Lets go through some of the papers that weve already got in the stack. The telegraph says conservative rebels are on the brink of winning their fight for votes on covid restrictions after Boris Johnson was forced to apologise for not knowing the rules himself. The mirror says the Prime Ministers gaffe when he was unable to explain new rules sparked anger among two million in the north east who face fines if they break local restrictions. The times says daily coronavirus cases topped 7,000 for the first time in britain yesterday, dashing hopes that the rule of six was weakening a second wave of infection. The daily mail says a million women have missed out on Breast Cancer screening as a resul
That is it from me. Coming up now, hard talk. Welcome to hardtalk with me, zeinab badawi. The economic fallout of covid 19 has been tough, and now with new waves of the virus, restrictions on Economic Activity are being reimposed in many countries. The European Union is the worlds second wealthiest and largest economy after the United States and accounts for a large portion of the global economy. It has suffered badly from coronavirus. How confident is it of making a recovery . Well, my guest is the european commissioner for the economy, Paolo Gentiloni who until 2018 was Prime Minister of italy. Commissioner Paolo Gentiloni, welcome to hardtalk. There are 3 million covid 19 cases in the European Union and there have been around a quarter of a million deaths. How worried are you that these new waves could cost more lives and livelihoods . Well, indeed there is an extremely high level of uncertainty. I think we will never forget this 2020 the human costs and the economic consequences. A
Hello and welcome to audiences in the uk and around the world. Were covering all the latest coronavirus developments here in britain and globally. First. President trump and former Vice President joe biden have arrived in cleveland for their first debate of this years us president ial election and the stakes couldnt be higher. With a distinct lack of Campaign Events due to the pandemic, the political clash is seen as the best chance for both sides to make their case to the country. But this contest wont be quite like anything weve seen before while as many as 100 million americans will tune in to watch the two men go head to head, only 70 will be in the room to see donald trump and joe bidens verbal joust. Lets head over to cleveland, ohio and my colleague laura trevelyan. They are both there. Who has the most to lose . It is a very good question. Certainly for President Trump, it is an opportunity to reset the race as he seems to be behind in the polls but forjoe biden, who is a Virtu