Record levels were hearing 47 Million People could lose their jobs, 32 unemployment stocks will soon collapse under their own weight according to morgan stanley, we could be looking at a 25 contraction in our Gross Domestic Product my money manager friends were all glued to their machines sunday why, of course, like every sunday night they expected the futures to be down the limit so how the heck could the market rally today . I mean, dow gaining 691 points, s p climbing 3. 35 nasdaq pulling 3. 62 simple because American Science is at last in play science that may allow us to not only contain this virus, but actually one day beat the darn thing. Look, i in no means want to disparage the extraordinary efforts to get the pandemic under control. Its absolutely essential. Thats why ive been calling for national lockdown, as much as it rankles some we have people gallavanting around like nothing is wrong new york city is a travesty. The new york mayor waited too long and were paying for it
For decide how to use the money plus. Weve been going everywhere to the shelters in every place trying to find somewhere to live. Child poverty in one of the wealthier states and america. Welcome back were here cross the South China Sea we are watching trouble storm making its way towards the west now did bring very heavy rain across parts of the philippines when it crossed over now the storm system is in open water its very warm here its going to keep the storm sustained right now and as we go towards friday we are looking at a landfall here in vietnam by the time it makes its way towards friday evening the storm is going to be dropping down to probably a tropical depression status there well here across india where you have been watching this one area code. Louds and rain pushing through very heavy rain has been a problem across much of the central area as well as into the west and that will also affect parts of pakistan as we go towards thursday kharaj is going to be seeing some rai
Ok good all still lights on. As excellent studio mikes do the show theyre not that small and. Smart devices certainly make our life easier but Security Experts say there is a dark side to the Technology Im really could be on ive got me ok today we asked the experts what dr devices know about us what are your thoughts tweet us or leave a comment in our live you tube chat and you too can be in the stream. Voice recognition has become commonplace for millions of people around the world who use the virtual assistants that come with asphalt phones and speakers and while these high powered help us quietly listen for a long who else is on the other end whistleblowers from apple google and amazon claim workers regularly listen to personal conversations like those between a doctor and patient as well as sexual encounters and even criminal acts should we be concerned and if so how do we protect ourselves joining us to discuss this in San Francisco california write a futurist and Technology Like
Bloomberg daybreak europe. I am Tom Mackenzie in london. The ai fueled really rolls on, nvidia delivering on the high, reporting results beating already lofty expectations. Shares a surge in after hours trading. The industry is going through a major change. Let me give you some perspective on the importance of the transformation. The next Industrial Revolution has begun. Tom u. S. And european futures point higher on renewed tech optimism. Fed an policymakers rallying around the higher for longer view on the rates, plus the ukip hopes for brighter days ahead, staking his political future on an improving economy as he calls a surprise summer general election. Labor leader keir starmer says it is time for change. Lets check on these markets, it is a risk on an thank you to nvidia for that. Looking past the fed minutes and hawkishness of baked into those comments, nvidia and to be coming through for the First Quarter and forecasts around the Second Quarter propelling the momentum in europ
And now a rewards program. Well look at tobacco free nicotine pouches how Phillip Morris is capitalizing on them but before that, lets get over to dominic chu with the numbers. S we have lost some steam due to the slowdown in shares of boeing right now, the dow industrials at 39,293, off about 376 points, or 1 downside the s p 500, i will put a star up here, because earlier today, we did hit a record intraday high, but its 5306, flat on the session right now. And the nasdaq also gets a star. Its holding on to gains, but it did also hit an intraday record. Up 85 points we all know the reason why, thats a big part of that story, nvidia we take the next approach to whats happening in the marketplace. Nvidia keeps climbing towards session highs. In fact, so much so that its well above 1,000 a share, 104 per share, up 11 . And to put that in perspective, at this point, its way over now 250 billion in market cap in one day. That means its added just about as market value as the entire market