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Telling his party to stick together, underscoring the agency, the cdc is out with a new forecast projecting that the United States will see as many as 534,000 covid19 deaths by the end of this month. Also this hour, exclusive interview with the new Homeland Security secretary, Alejandro Mayorkas, first immigrant to head the agency at a critical time for our country. First, straight to capitol hill where theres Breaking News. Manu raju is joining us. This key meeting thats under way could shape the future of the Republican Party. Update us on the very latest. Reporter Libehind Closed Dos this meeting is taking place, efforts by a number of membe ....
Surging. Awayee emfx which has come , it is coming off as well with the exception of the taiwanese dollar which is stating stable. ,he one, the renminbi won the renminbi they are off. You see the aussie 10year yield lower to 87 basis points. The chinese 10year yield is a turning point. We have seen a selloff in chinese bonds, this could be the Inflection Point to head lower. And we mentioned the oil price, it seems like the recovery could tolongstanding according the fed. We are seeing oil heading to its first weekly drop in two months. In thea trepidation markets come the s p dropping as much as 6 . Lets get perspective. Mark renfield cranfield joins us. We know lots of money is sloshing around. That could provide support for the markets. Mark i think we will have to get used to the higher volatility. But is one of the things we have been experiencing in the selloff in march. On a daytoday basis we get more big swings either up ....
Trading session in the u. S. Overnight. Hang seng will be the focus, down 121 point. Another choppy session after quite a comeback yesterday. Jakarta is muted right now. News they will be easing lockdowns in the capital despite the rising cases. Sydney leading the losses, down 1. 2 . Three in a row that have been strong, perhaps the pboc sending a message they will not use currency as a weapon. Onshore strengthened the most. Dollaryen, you are seeing that haven trade come back. As you said, the main market event over the next 24 hours is this presser by President Trump, he will announce u. S. Policy on china curbingijing passed freedoms in hong kong. His top advisers said china will be held accountable by the of ministration. Is it Wishful Thinking in the u. S. Administration to think maybe they can change chinas behavior and plans for hong kong . I think nothing is imposs ....
Haslinda, what are you seeing . Haslinda Industrial Production coming from march showing a strong recovery momentum. We saw what happened in march. It is pulling back from a historical plunge in the first two months of the year. Still there are some challenges if you take a look at the supply chain. China still faces supply risks from a global lucked out. Factory production global lockdown. Factory production still shut down in many parts. Bloomberg intelligence saying 70 of chinas imports were used for production in 2015. Still strong numbers in terms of Industrial Production coming in at 3. 9 versus the estimate of 1. 5 . If you want to track the trajectory Going Forward, we have to track those economies like korea, japan, taiwan. They supply china with the most technology parts, the u. S. And germany, eve ....