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Is for the elected president to help us get peace back. So we can go back home safely. Hello, im christine wonder why its good to have your company. The number off coronavirus cases in africa has so paused 2000000, including 48000, deaths, africas infections and deaths make up less than 4 percent off the global total. But the World Health Organization has warned the continent is heading toward a 2nd wave off infections. Africa has not experienced covered 19 infections on the scale that experts had predicted. But the threat of a new wave has raised fears that the continent is not out of the woods. Yet. 20 countries have had coronavirus spikes in the past month. And thats for a range of reasons in most of the affected african countries, the rise in new cases is coming from workplaces and family gatherings. And of course, we know that there are several political elections coming up in a number of countries campaigns going ....
Apple have shut a number of Stores Across the country. Microsoft shutting all of its Retail Stores today. Joining us break it down is Abigail Doolittle who has been following all of the action by a rough day for stocks. This virus is really starting to weigh on investors. What do you see . Abigail stocks are lower in the selling pressure never relented. We have stocks responding to data as it comes out with the big drop on the data from the u. S. The nasdaq and s p down. Confirming the risk off, the fact that haven bonds rallied once again. We will bring welcome to the picture. Investors want out of risk. This week, they are not tiptoeing, they are running out of these risk assets on fears , perhapsaps the virus this is the first wave. That it could hurt the u. S. Economy. Emily you have been talking about havens rising ....
Restart the economy. Some of the money being earmarked for 5g and broadband. And new developments in the house investigation into big tex. Bloomberg has learned that the facebook ceo and alphabet ceo will testify if called along with amazon ceo jeff bezos. Lets talk about the markets. Abigail doolittle joining us. Another wild day. Talk to us about the main drivers. Abigail a roller coaster day. During the day out with that alleged tone. Some positivity around a possible cure for the virus. Plus, retail sales, the best on record. Then, virus news coming out to beijing closing schools, plus texas hospitalizations at a record high, florida at a record high. Netnet, we had stocks close slightly higher. Apple of for a third day, big driver, getting a boost from price target standpoint from citigroup to a street high of 400. Bank getting an upgrade at of america. Indication down very slightly. , stock on thee move to the downside. That is oracle. They reported their fiscal fourthquarter, di ....
Justh to reopen california today taking smaller steps to ease its lockdown later this week. The first state to shut down its in our lets bring Bloomberg Markets reporter, taylor riggs. Why did tech outperform the rest today . Taylor a lot of the optimism new yorkn newsom, from governor andrew cuomo, seemed to turn that around in the final hour of trading. , all of theoned direction today. Fangs,daq along with the the peak out performers. Microsoft, amazon, apple leading those gains. Needp hearing that you that leadership for this rally. Emily Warren Buffett seemed to be driving a lot of the pessimism, saying he got out of airlines entirely. Walk us through how his remarks may have played out today. Since down the lowest september of 2013. Warren buffett said he would rather take losses in those positions. He said, the airline business, and i hope i am wrong, and i may be w ....