Pompeo andonesian foreign minister held talks on thursday. They discussed the sittion in the south cna sea wch china claims most of. Indonea has designated an exclusive Economic Zone off the nah tuna islands and has a territorial dispute with beijing in the area. Our law abiding nations reject the unlawful claims made by the Chinese Government party in the South China Sea. Its a cause worth pursuing in multilateral settings and the Trump Administration very much supports this. She said stability and peace should be maintained in the South China Sea and added International Law, especially United Nations convention on the law of the sea must be respected and implemented. Pompeo expressed willingness to cooperate in new ways to ensure Maritime Security and protect some of the worlds busiest trade routes. I encourage u. S. Businesses to invest more in indonesia including for procts in the Outer Islands in indonesia such as nah tuna island. Pompeo says the u. S. Welcomes indonesias Decisive
Elementary school where five young classmates were infected. The schools have been temporarily closed. The Central Government says its too early to consider reimposing. The businesses now limiting seating in the food court and installing more Hand Sanitizer dispensers. Tokyo was among one of the last prefectures to have the declaration lifted. More than 5,200 people have tested positive for the virus in a city of about 14 million. Announcer i wanted to come to school. The tokyo governmt is also easing requests for some businesses to remain closed. It will now allow theaters, gyms and retailstores, including Department Stores to, reopen. Translator the business operators are taking measures to prevent the spread for infection. Together with them i want all tokyo residents to continue efforts to contain the infection. Officials plan to monitor the situation for a while before deciding whether to further ease the closure request, and the next phase will open karaoke bars. One of the key t
Plans to their state as soon as today. Preparing for one possible second wave. What one ceo says hes getting ready and doing. You are watching on this wednesday, may 27, 2020 on cnbc. Good morning welcome from wherever in the world you may be watching. Im Brian Sullivan thank you for starting or ending your day with us on cnbc it is turning out to be quite the holiday shortened trading week futures are up again right now session highs. Nasdaq also up about a percentage level about the same. Dow futures have been gaining ground since opening up in the red following yesterdays big stocks move higher squarely focused on two things number one, the hope around the vaccine and the optimism around the rebound as more move forward with their opening plans d. C. Targeting next week, parts of long island opening today. Sooner than many had expected given earlier concerns the case of new growth rates and hospitalizations have come way down even those who get sick tend to ride it out and recover.
Last week. That means 38. 9 Million People have been thrown on to the unemployment lines in the last eight weeks. 38. 64 million to be precise. The only bright spot is the weekly claims have consistently come down. That implies that the layoff trend has already hit bottom. Heres the markets reaction to all of this. The dow at the moment is on the down side but not much by. Youre looking at 60 points lower. Youre looking at the nasdaq down about 16. Small losses across the board. Helping the market, astrazeneca, working with Oxford University, they have announced progress on a vaccine. They will do phase three trials with 30,000 american patients in july. If it works, they say they could deliver 300 million doses by the early fall. Then weve got three stories about open up and open up now. 600 doctors delivered a letter to the president outlining the Severe Health costs of the lockdown. They call it a mass casualty incident. Open up, they say. The front page of the New York Post blares
Small and mediumsized comompans affected by the antivirus measures. They condition receive up to 2 million yen, or about 19,000 if their monthly revenue has dropped more than 50 compared to last year. About half a million companies, Business Owners and freelancers had applied for the subsidy as of thursday. Around 23,000 of them received the money on friday. Translator i really appreciate it because this gives me some time to think about what to do nenext. But im a afraid the money won last long. If the Current Situation continues, i hope i can get more financial help. The government is also providing all residents with cash handouts of about 940. The whole country is under a state of emergency until the end of may. But government officials plan to hear from experts every week as they consider when to lift that measure in each prefecture. Translator we are particularly focused on how the number of new cases has decreased over the last two weeks. In other words, the weekly trends. Some