Instead of. Pushing. Thanks for joining us fears over a 2nd wave of. Global stock markets tumbling again in new york. The worst since the. Hopes that. The horizon. Markets in asia are down to losing around one percent. For more on those dramatic losses on the Global Stock Markets im joined by our plans will correspondent its called red boots and in frankfurt called red share prices around the world collapsed when the pandemic hit then they bounced back surprising us all but it seems they got a bit ahead of themselves oh yes terry you know when the 1st lock downs happened in march and april many people on the markets quickly became pretty optimistic that a quick recovery of the economy would be possible turns out now with the lock downs lifted we are seeing this is not the case you know here in germany the retailers have been open for a couple of weeks now. And business is very slow people with those social distancing rules are very careful shopping is no fun and of course many people i
Instead of going to school many kids work long hours to help their families pay the bills. And good to have you with us fears over a 2nd wave of Coronavirus Infections have sent Global Markets tumbling again in new york on thursday. Plunged 7 percent the worst days since the march. Had surged over the last month as easing. Hopes that the Global Economic recovery was on the horizon but now markets are losing. European shares. For closer look at those markets im joined now by our financial correspondent coned bose in frankfurt corette share prices around the world collapsed when the pandemic hit then they surprised us all by bouncing back again but it seems they got a bit ahead of themselves. Oh yes terry of course this morning here in frankfurt it looks like the slump has momentarily at least come to a halt but obviously the optimism expressed by the rising stock prices in recent weeks was over down you know the german share index stacks from the middle of march to the beginning of this
Higher, up about 70 above 94. 9 0. You can keep an eye on it about squawk on the street. Join us tomorrow. Right howard heres squawk on the street lets do it good thursday morning. Im carl kquintanilla. Jobless claims did come in stronger than expected. Got blowout Housing Starts. Meantime, europe is trying to find some direction after a decent spanish bond offering and good numbers from retailer. The first grounding of a major commercial jet in this country since 1979. Is Boeings Dreamliner safety to fly. How much work will it take to make it right . Bank of america and citis earns are messy, does it justify the runup . And is citis michael core bath finished with the kitchen sink. We will preview those and talk about why ebays numbers fell a bit short. Well begin with boeing. The faa and other aviation regulators have grounded the companys dreamliners as they look to determine what caused the aircrafts battery to catch fire. Theres a look at 73 on the nose, our phil lebeau is at ohar
Your story we are trying always to understand this new culture. Not a visitor nothing yet you want to become a citizen. In for migrants your platform for reliable information. Its one of the biggest i. P. O. Has ever arrived hailing platform goes public in new york the launch thats raked in eight billion dollars but will overdrive as in africa get a better deal out of event is the economy helping african economies. Also will the u. S. And china manage to trash out as last minute trade agreement tense talks break off for friday in washington the usa says they. Close constructed but fresh she was tired of state china today and baby jane has promised to hit back. Also imuss blue horizon space rockets aiming for the moon getting ready to deliver and no ones ever delivered before. This is his africa on the w m god help us in berlin welcome in New York Stock Exchange opens to usher in the years big i. P. O. And investors have been jumping into to go along for the ride shares in the Ranking C