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Worldwide military spending is that its highest to tell you where is all about money go it might change the priorities with the coronavirus. This is inside story. Hello welcome to the program and its been. Now its often said that war is good for business conflicts drive up demand for weapons defense equipment and soldiers and it appears last year was a bumpy year the Stockholm InternationalPeace Research institute says Global Military spending grew to nearly 2 trillion dollars thats a more than 7 percent increase over 10 years but the trend may change as the coronavirus pandemic devastates the worlds economies 5 countries account for more than 60 percent of the worlds military expenditure the us is by far the Worlds Largest spender at 732000000000. 00 tha ....
Delivery of 7 . Look how we are in terms of the major indexes. Asian markets, most in losses tracking to 3 drop on wall street overnight. Opened slightly earlier love earlier. Slightly lower earlier. We are watching petrochina down at this point in time. The hang seng, down about 1 . Kong announced an expansion of its restrictions aimed at curbing the spread of covid19. That would weigh on the economy even more. The sti, down more than 3 . This is a market that returned to bull territory recently and citi said investors are pricing in post recovery. Singapore reports higher cases, more than 1000 for the second day running. I want to dial back to the oil story because we see oil moving to the upside after two days of unprecedented action and a spectacular selloff. Opecplus ministers holding an unscheduled conference to discuss what has been going on. The closing statement signals there are no new measures planned at the moment. Lets bring in mliv asia editor. Oil is on the up. We had tw ....
We await President Trump right now, probably in about the next hour or so he will be addressing the top of the Coronavirus Task force. One of the Big Questions will be about his conversation earlier this morning with russian president vladmir putin. The white house has said that those two talked about the need to stablize energy markets. The president saying earlier this morning that he believes oil prices are too low. Russia and saudi arabia are fighting and they have driven down the price of oil and i never thought i would be saying that maybe we have to have an oil increase because we do. The price is so low, theyre fighting so crazy over distribution and over how many barrels to let go. Reporter the president also said that he would like to see hazard play, hazard pay, rather go into effect for the nurses on the fr ....
The bay bridge toll plaza now spills through the bottom of the maze, so its on to the is considered normal for this time of mourning as an no extra problems in your way no crashes on the upper deck. But you look at the drive time its definitely on the rise were at 21 minutes off to fremont street were checking in on traffic tracker we have the east shore freeway at 25 minutes to make it down to the maze thats decent. No problems out of wannacry to the caldecott tunnel, both 5 80 and the nimitz are pretty quiet from to 38 to downtown oakland will check more coming up started chasing salon 71, lets get to the big story this morning which is the cdc lifting the core in teen for a 180 american evacuees being monitored at Travis Air Force base. Yes we had a busload had asked phone last night to get those folks home another busload heading out there this morning. Eager to be reunited with family and friends. Been a long process for th ....
Months lets take a look at the treasury markets watching the 10year back up this morning above 1. 8 at 1. 811. Investor tensions remain on iran even with that snap back yesterday. Tensions mounting with the u. S general Qassem Soleimani was buried in his home town of kerman officials have threatened retaliation against the u. S. For the targeted killing the defense secretary has made no decision about withdrawing troops from iraq another surreal day with that letter that came out from a general that was not signed. Later, they came out and said that was a mistake wasnt signed, poorly woorded wasnt in its final form but to let you know, we are withdrawing from iraq. Let me start with that. Flip the order here and start with that letter we spent several very confusing hours at the white house as officials scramble to figure out what the heck is going on after a marine corps general in iraq sent a letter in which he appeared to sug ....