Its possible we have gotten too disconnected from the fundamentals. The dow and others are on their way to the best quarter since 1998, and for the nasdaq, it will be the best quarter in decades. That is happening at the same time the corporate corporate profit outlook continues to deteriorate, now trading at 22 times forward earnings estimates it will be interesting to see how we rerate in the next couple of weeks when we start to get major results. Thank you for that markets a deep dive. Players are missing out on wimbledon this year, the usda usta is getting ready for flushing meadows, except without the 850,000 spectators who attend the event. And novakemain djokovic announced he has tested positive for covid19. Is the u. S. Tennis association ceo. You have been coping extremely well with the coronavirus. You have set aside 50 million to help in grassroots efforts. Give us a little bit of detail about that. First, thank you for having me on. We realized quickly our sport was in tro
War and its man. War and its machines. Together they form the big picture. Welcome to the big picture. Im captain carlos immerman. The big picture is a report to you from your army, an army committed by you the people of the United States to stop communist aggression wherever it may spread. The big picture traces the Current Events in the Current Campaign with firsthand reports from our combat veterans and from film taken by cameramen in the single core. These are men that caught on film the big picture as it happens, where it happens. Today our big picture brings into focus the turning of the tide. You will see our fight to hold on to the perimeter. We will see our support from our carriers. The invasion of wellmeaning and the march on social. You hear a firsttime report from lieutenant dries in stock, the leader with the armys 24th army division. Lets go back to august 1950. Ten hours after 47 days of fighting in korea, the pusan is at being and flowing for both sides. United nations
Gene munster is gearing up for both of the calls. We kick things off with apple which is now negative after a brief pop after the release and josh lipton spoke with tim cook. Josh, whats the latest . Melissa, one question i had for tim cook is what hes seeing in china obviously, so important for apple as a key link in that cups supply chain and also as an important end market. I asked him what his iphone demand looked like in china and whether you can extrapolate for that and china is the leading indicator for possibly europe and the u. S. And cook telling cnbc there is a significant, steep falloff, and that began to recover some in march and weve seen further recovery in april and it leaves room for optimism. Its hard to tell thats a leading indicator and there are differences and the u. S. Has had a bold Stimulus Program and i think that will clearly help and im optimistic of the pace of the recovery in the United States i asked him about the work from home trend and so many millions
There thanks for joining us here with your global news update this is r. T. International. Lets start with the latest figures on the covert 900 pandemic there are now more than 2400000 confirmed cases worldwide around 165000 people have lost their lives the majority of those coming in europe and the United States and 629000 people have recovered from the virus. Lets turn 1st this hour to germany which is starting to lift its month long lockdown after declaring the corona Virus Outbreak under control the economy minister has sworn that the measures could be reinstated if the situation deteriorates starting monday shops in some regions are allowed to open the schools and restaurants they remain closed meanwhile in berlin the restrictions that caused widespread frustration with some people even taking to the streets lets go live now to the german capital of course for peter oliver is in city there for us peters takes through and how are people been reacting to the containment measures. We
This is joining us here with your global news update this is r. T. Lets begin with the latest figures on the covert 900 pandemic there are now more than 2400000 confirmed cases worldwide 166000 people have lost their lives the majority in europe and the United States and 636000 people have recovered from the virus. Lets turn 1st to germany which is starting to lift its month long lockdown after declaring the corona Virus Outbreak under control but the economy minister has warned that the measures could be reinstated if the situation deteriorates starting monday shops in some regions are allowed to open schools and restaurants remain closed in berlin the restrictions of course widespread frustration with some people taking to the streets into all of it has more. Germanys minister for Economic Affairs coming out and saying that showed people stick to those social distancing protocols that are still in place even if they are being eased then germany could well perhaps avoid a 2nd lockdown