Rise as the fallout cripples the global economy. Avoid itsbe forced to growth targets for the year. Shery lets get a quick check of the markets. We are seeing u. S. Futures rising a 10th of 1 . This after u. S. Stocks fell for the first time in three days. We have a mixed corporate bag of earnings. Not to mention worsening economic data. U. S. Companies cutting a record 20. 2 million jobs in april. Tone comingsk off from increased coronavirus cases and deaths in italy and new york. 10 year yield at the highest level in three weeks. The u. S. Has increased the amount of debt plans to issue in quarterly refunding options. We have the s p 500 falling 7 10 of 1 . Utilities and Energy Leading the decline. Lets take a look at what oil is doing. It is rebounding. 2 . Er than higher by this after snapping a five day rally on supply glut. Saw data showing u. S. Gasoline demand is steadily recovery. Lets turn to our top story, the war of words between china and the u. S. Intensify yet again with
Downing street. Lawrence the cat, move over. Francine just an hour ago, the Prime Minister Boris Johnson announced the healthy arrival of a brandnew baby boy. Baby johnson was delivered safely this morning. We do not have a name or photo, but there is a lot of messages of joy from people across the world because Boris Johnson is or g20y leader of the g7 to catch coronavirus quite badly, needing almost four days in intensive care just two or three weeks ago. Tom i have been watching the glideh give us the path. Give us the update on milan. His the virus done in italy is the virus done in italy . Francine this is something variola just with virologys with the heads of state are trying to figure out. New zealand, they have only had 19 deaths. It is difficult to have a complete walk down. Lets say you flatten the curve. Keep people and lockdown forever. If you are in a region that is part of a bigger country, it is much more difficult to find the right balance of not hurting the number of
Prices. A new study warns japan is facing a double digit contraction in the coming months as the coronavirus pandemic slows the economy further. Shery lets get you started with a quick check on how markets are trading. We are seeing key restocks gaining ground for a third consecutive session. We have seen the rbnz come out and say it is open to increasing the size and scope of its program. We are seeing further upside in trading. Nikkei to futures up. 2 . U. S. Futures under a little bit of pleasure but this of course after closing at the highest level in a month and also entering a bull market. Up more than 20 over its recent low. Wti also gaining ground, up more than 4 above that 26 a barrel level. We have seen a little bit of fluctuation in the oil market. We are headed to the opecplus meeting on thursday. President trump says there are of to slow the spread there are signs that the virus effort is having an impact. In his daily coronavirus briefing, he lashed out against the World
Tragedy, and germany leading on trying some way to get back to normal. Francine germany is a good test, but if you look at the number of lockdowns and when it happened, various countries also have very different patterns. They are similar in some ways but depending on when you started the lockdown you will have a Different Number of infected. I have been looking at mathematic modeling and out of europe, the u. K. Comes up with the moats most deaths. We look to germany to see if there is a solution. Some setbacks, singapore having a tough go of it. The United States, you looked at , andectors of the pandemic massachusetts and california having a tough number of days. Right now, we need a news briefing. Viviana the u. S. House could vote on the pandemic measure as early as tomorrow. The Senate Passing a 484 billion release relief package, including money for the tapped out program to aid Small Businesses and aid for hospitals. Immigration and president donald trump, he announced he would
Governor cuomo looking for any optimism he can find. Some geographies of america doing better in the pandemic, but the death and the rate of change of deaths refuses to bend over and go lower. With extraordinary measures being applied and something we all need to reflect on as we think about what comes next. These managing to keep numbers stable, but with extreme measures when it comes to how our society is functioning. How we reopen needs to be seen in this light, and it will be a challenge around the world for governments to reopen economies. Tom good reporting earlier from guy on the state of the Prime Minister, a conversation with Iain Duncan Smith moments ago. Our oninue with a strong the economics of the pandemic strong hour on the economics of the pandemic. Ministers. U. Finance were on an emergency teleconference lasting more than 16 hours. Strategynot agree on a to battle the pandemic. E. U. Issue joint debt to help economies recover . Boris johnson is being monitored in inten