Boris johnson and his house secretary. Spains deputy Prime Minister yesterday. Huge number of cases in the u. S. 22 states now under stayathome orders as 50 of the u. S. Population is meant to be abiding those orders. Down to 73 basis points on the 10 year yield. Crude back down again. 21 point 49. Canadian dollar weaker by about 7 10 of 1 after the bank of canada reduced its Interest Rate to 25 basis points. The Prime Minister selfisolating over here, the Health Secretary selfisolating. We are all selfisolating. The brown story in the market is done and dusted. We go into a weekend where traders do not want to take risk. Terrible numbers overnight out of spain. U. K. Numbers continue to climb. Numbers around the world of those infected and the fatalities continue to rise. That story is now taking over from that meal a we focused on so much over the last couple of days. European stocks at session lows, approaching that 300 mark with a bid back in the bond market. 50 in the german tenye
A made so made 155. 00 millimeter weapons. This is really, really heavy stuff and no wonder can kill a human being fatalities and injuries how its done yet. Once some work comes under ukrainian, shes like our correspondence of the career invest could bring you the big mid week stories from the our teen user, and welcome to the news hour. And we begin with breaking news from the law school region. At least 45 people have been injured 6 of them seriously after a huge blast, not an industrial plant. Well, thats the across life. If we cant warranty corresponding double quarter. Whos arrived off the scene . Donald clearly a massive explosion. Whats known about the cause of it on the injured us either union. Well right now, im in the russian city of a surgery of posada, which is a city right outside of moscow where this explosion took place in this fireworks factory is you can see behind me around 10 30 am local time. Its something that the authorities are now investigating as a case of crim
A much designed parade for ukraines artillery. As the train config rages on russian trip to push forward and the live guns republican using those teen 90 tongues as you weapons the from most of the world. This is our team. Great thought of your company, this wouldnt say lets get into it. We begin this hour with news from the Moscow Region where dozens of people have been injured after a mustve blast occurred. Of an Industrial Facility located not far from moscow last across, live to r. T corresponds dollar quarter. Whos off this scene high dollars . It is more emerging, know about the cause of explosion, and the extent of the injured tickets through just what occurred there as well. You and, and im here right now in front of a hospital in the russian town of saturday. A facade where a number of injured people have been taken after this explosion took place at around 10 40 am local time at an optics factory that had a stock pile of pyrotechnics. The officials are now investigating it as
Think that ill look at just like our call centers. The difference this time being it happened to those who are participating very seamlessly. Those who arent already in the market i would tend to agree with you that maybe it gives them a reason for pause. But i think that those who are already in the market see it as the benefit of technology and a seamless experience. I totally agree. I can just see the headlines in the conventional press. But make it very clear. This is not a flash crash of 2010. By no stretch of the imagination is that what this is, at all coming up on 1 00 eastern time. The halt continues here at the nyse. Has been in place since 11 32 a. M. This morning. Getting close to some other events as well as we get into the afternoon. Fed minutes are about an hour away. Art cashin says the question the longer this lasts, at what point do the mutual funds have to price their Net Asset Value at the end of the day. Cashin says the percentage of orders in limbo is growing. We
Definitely being strained. The latest is super value. That grocer cut its profit outlook for the year in large part because of food price deflation but also because of increased competition. And that sent shares of super value down 9. 5 in trading today. Its not just super value. Yesterday we reported that Sprouts Farmers Market cut its guidance because of significant ongoing deflation. Californiabased smart and final stores cut its outlook in july for the same reason, and Dollar General also mentioned deflation as a threat on its Earnings Call last month. Tomorrow kroger, the countrys largest supermarket chain, and a barometer for the industry reports earnings, and many are expecting to hear much of the same. Susan lee takes a look at the expiring fortunes of the grocery industry. Carton of eggs, 40 cheaper, whole milk that costs 11 left, beef, pork and chicken at a discount from 2015. Fruit prices have been falling for nine straight months, according to the bureau of labor statistics