Doesnt make the list d. C. O. P. s Prime Minister calls for calm after the shooting of a singer leads to protests and further deaths. And then school the africa cup of nations that has been postponed by 12 a month due to coronavirus the continents biggest sporting event it will now kick off in cameroon in 2022. Its just gone 5 am in hong kong in 23 years to the day after the territory was handed back to china people are waking to a new security law or law that critics claim will quote all the sent International Condemnation has been swift the u. S. U. K. E. U. And nato have all expressed grave concerns and anger over the legislation that gives beijing sweeping powers over the territory well under the law anything that beijing defines as acts of secession subvert. Jand terrorism and collusion with foreign powers is punishable by up to life in prison those suspected of in danger in National Security in hong kong will be put under surveillance and be wiretapped by authorities the law says
I wanted to point to the mexican peso. Has not moved much today but we are keeping an eye on the earthquake that struck the country. Now lets get a status report on the credit markets. 13 u. S. Companies sought bankruptcy parks section protection last week. It comes even with the intervention of the fed which has injected liquidity across the markets and given borrowers. For more insight, lets bring in srikanth sankaran. The last time we spoke, we were already seeing a calming in the credit markets. Where do we go from here now that the fed has backstopped entire curve in the credit market . Srikanth our thesis over the next 12 months is we get a grind tighter with respect to spreads. Our call is for credit markets to deliver positive exit returns across investmentgrade and highyield markets. Effectively, you want to be more selective, but at the end of the day, this is an environment where you have to look at rerisking portfolios in times of weakness rather than missing out when the m
First responders during the coronavirus pandemic. The house sign space and Technology Committee is hosting. You are watching live coverage on cspan. We can understand more clearly what we are facing. Significant n to local estate tax revenue. And other sources of support for Fire Departments. Facing some departments the hardest decision for firefighters in this crisis. We are in the middle of this health guide trips Health Crisis that at the same time the country is addressing longstanding racism. We are also in the early days of [inaudible] paul. Are not on mute, im sorry . [beep] ok. Thismain in the middle of health and economic crisis at the same time our country is confronting racial injustice. On top of that, we are in the early days of an honest wildfire hurricane season. This is a time of great uncertainty. , people are counting on us to ensure our First Responders have the tools and support they need to do their job well and safely. I look forward to Todays Congress andout help
The june contract plunging as well. Down 35 on the session. The carnage we have seen for oil is not over. We have a rally for bonds on this as investors are seeking safety. The biggest question is it seems crude oil is pricing in some sort of a deep recession, maybe something worse, where stocks on the year are down just 10 , perhaps still pricing in the vshaped recovery, which side is right . It is unclear. Perhaps the truth is somewhere in the middle. David thank you so much to for that market check. It is clear President Trump has inherited a major crisis in the white house. We bring in somebody who is familiar with dealing with prices, the white house chief of staff and secretary of defense as well as other major positions. He also leon panetta he is leon panetta. Thank you for being with us. Give us your view from 40,000 feet. You have dealt with crises inside government. How is the Trump Administration doing as they look at this balance between Public Safety and bring the economy
Texas, louisiana, mississippi, alabama, florida, georgia, tennessee, and South Carolina. D South Carolina. My administration will do Anything Possible to help those communities get back on their feet. We are speaking with the governors and representatives. Fema is already on its way. We got there as soon as we heard the word, i said get out there. You know the great job fema does. It is something very special. , warmestant to say condolences and we are with you all the way. It is a tough deal. Level five, that was a bad group, that is as high as it gets. A bad grouping of tornadoes. Something that is something incredible, the power, the horrible destructive power. America is continuing to make critical progress in our war against the virus. Over the weekend, the number of daily new infections remained flat nationwide. Hospitalizations are slowing in hotspots like new york, new jersey, michigan, and louisiana. This is clear evidence our strategy to combat the virus is working and that a