After the adp report, employment is still a bad number. From 43. 1, so42. 1 that feeds into the narrative that even if the economy opened up a little bit in july, we are going to see fewer people working, and we will probably see adjustments to peoples payroll forecasts for friday. Alix is that the one take away from today, the slower rate of job hiring . Michael that is the important thing. You can open up the economy and get a yield sitting in the middle of the street or a restaurant, but the people who serve you are not coming back as quickly as they would hope. That will slow the economy overall. Alix you mean in new york you literally have tables in the street. I appreciate that take them. One other sign of hope in the race for a vaccine you have shares surging to their highest in five years. I two shot experimental covid19 vaccine generated antibody responses in healthy adults that were four times higher than in people who have already recovered from the virus. I am joined by the
Extraordinary. The underlying reasons why is very clear. We are up to our eyeballs in oil, at that means the price goes down. We have some terrific perspective today on oil. Too much oil, not enough storage. We will have plenty more on oil and we will try to figure out whether this could happen to another part of the market, but first lets get to the first word news in new york city with viviana hurtado. Viviana we begin with speculation about the health of north koreas leader kim jongun. The u. S. Official got word that mr. Kim was in Critical Condition after cardiovascular surgery. The white house reportedly was told mr. Kim took a turn for the worse. Kim is 36. He recently missed holiday celebrations in pyongyang. Now to president donald trump, issuing an executive order temporarily suspending immigration. Late monday night, the president tweeting the move is needed to contain coronavirus. He also says it will protect american jobs. No word on how the suspension will last or who it
A woman in hyderabad. And months after they ousted their longtime president why algerians of protesting against next weeks election to replace him. Welcome to the program our top story a shooting at a u. S. Naval base in florida has a 4 people dead including the gunman u. S. Officials say the suspect was a member of the Saudi Air Force who was in the United States for military training at least 8 people were injured and injured at the naval base in pensacola the gunmans motive is not clear and base remains sealed off while investigators search for evidence u. S. President donald trump says the saudi king called him to send his condolences and said hes directed his Security Services to cooperate with the investigation into the attack. The king said that the saudi people are greatly angered by the but american actions of the shooter and that this person in no way shape or form represents the feelings of the saudi people who love the American People so much so that was just given to me by
Tariffs yet. China and the u. S. Reach a truce and stocks are set to surge at the open we do have those new records within striking distance plus, President Trump easing restrictions on u. S. Companies from selling products to, of course, the Chinese Telecom giant Huawei Semiconductor stocks are rallying sharply ahead of the bell on that news. And oil prices, well, theyre up, this after russia and saudi arabia agree to extend opecs deal to cut Oil Production by another 6 to 9 months. Stocks rising around the globe the s p 500 poised to open at a record high after the u. S. And china agree to resume trade talks. President donald trump offered concessions to his chinese counterpart xi jinping over the weekend, when they met at the sidelines of the g20 summit in japan. They include no new tariffs, and an easing of restrictions on the Huge Technology Telecom Company huawei china did agree to make what are unspecified new purchases of u. S. Farm products and return to the negotiating table.
Shery you are watching daybreak asia live from new york, sydney, and hong kong. Haidi we are counting down to asias mamarket opens. Annabelle australia online. The market rocketing as fresh data has traders dialing back bets on another fed hike this year with treasuries rallying on the dollar steady. Il is falling the most in more than a year with signs of demand is structuring overshadowing opecplus efforts. Plus, the Biggest Health care strike in u. S. History. More than 75,000 workers walking out as ford announces hundreds more layoffs. On the inflation front, a good look at south korean cpr, a significant read. 3. 7 we are seeing when it comes to consmer prices advancing from a year earlier. T is really a significant pickup from 3. 4 in august. Economists we surveyed expected the right to get in at 3. 5 . 3. 7 was only forecasted by one econos we spoke to. This does potentially enforce the case for the bank of korea to eep policy settings higher tighter for longer. The bank of kore