governor newsom gave several updates on california s fight against covid-19. among them the number of desperately needed shipments for testing kits and medical masks. i want folks to know that we have already distributed 24.2 million n95 masks in the state of california. that is significant number. it s still insignificant to meet our needs. here are some other headlines from the governor. the state has secured 100 million new n95 masks to be sent out asap. 100 million. as well as other gowns and face shields. 150,000 new test kits are being sent out from state labs. california has tested nearly 67,000 people. of the more than 2500 positive cases, 51% of those are between the ages of 18 and 49. and more warnings from san francisco officials for people to continue to stay home to stop the spread of coronavirus or slow the spread. mayor breed sent letters to governor newsom and vice president pence asking for more personal protective equipment, ventilators and hospital
disney leaps in late trade with quarterly profit topping estimates as the lion king roars at theaters and theme parks stay strong. kathleen: let s take a look at how asian markets are opening. the asx 200, a little bit higher beenthe 6726, which had the biggest advance in three weeks on the market close yesterday. now to nikkei futures, a fractional move higher. there is uncertainty about the trade war deal getting done. that will weigh on japanese stocks. stocks had risen for a third day yesterday, but there could be a fourth, the kind of company that could benefit from this u.s.-china trade deal. stocks are looking about a half point higher, a little bit of hope there, and of course, the s&p 500 why is it down? because it was up so much today. the s&p 500 hit that all-time high. from here, we will have to wait to see some fresh impetus for stocks to continue to rally. let s get to first word news now with jessica summers. jessica: thanks, kathleen. the french president h
testifiesller finally but his long-awaited appearance falls somewhat short of democrat hopes. shery: we have breaking south korea gdp numbers for the second quarter. the preliminary numbers year on year are seeing growth of 2.1%, which is better than the expected 1.9% growth. it is also an acceleration from 1.7% in the first quarter. quarter on quarter, those numbers also avoiding a technical recession after contracting 0.4% in the first quarter. we are now seeing quarter on quarter growth of 1.1%, which is better than expected. it seems that we have seen more government spending and south korea. the contraction that we saw in deceleration in the first quarter came from local governments not spending as much. now we have government spending kicking and again. also consumption being relatively resilient despite the fact we have been getting contracting freddie lacks exports contracting the last seven months. this has been a difficult environment for south korea. investments
knock on effects from the trade war. john tells us exclusively, there is no need to cut rates yet. i think the policy is right. at of see any reason to have a bias upward or downward. nissan hits rock bottom as profit falls to a record low. we look at the turnaround plan. hery: unemployment rates for april coming in, 4.1%. much higher than the estimate of 3.8%. this is much higher than the previous month, when it was at 3.8% in march. we re not see the unemployment rate getting past 4% since early this year in january. we ve seen weakness for the south korean economy, not to mention that experts and the china trade tensions have hurt every sector there. particularly, the private sector. employment has been weak. the government has been trying to support economic growth through public sector job creation, but that obviously is not helped in april, with the jobless rate coming in at 4.1%. much higher than estimates. previous month. we have not seen this level early january. p
president trump follows through with his tariff threat. disney tops earnings this quarter. shery: a quick check of how markets closed in the wednesday session. the s&p 500 fell for a third consecutive session, down 2/10 of 1%. communications sector leading the decline. communication has been one of the leaders in the recent rally. finishinge dow ascensio unchanged. investor sentiment has been pretty fragile. we have seen the markets hit by trade tensions and concerns over trade. initial optimism from the white house over an initial trade deal, but at the same time we heard from china they are planning to retaliate if the u.s. goes ahead with the hike and tariff. that hit sentiment, volatilities surged, and the vix below the volatility level. u.s. futures under a little bit of pressure. let s see how we are setting up for asia. paul: a certain degree of uncertainty. the next a mixed picture in the asia-pacific. india calm, trading for under an hour . futures in australia are