Here are your top headlines. Blame game. President trump raised the prospect that china deliberately caused the coronavirus outbreak. This as the u. S. Pauses some tariffs for 90 days but not those on chinese steel or aluminum. Crude collapse. Wti sags to its lowest level in the 21stcentury on concerns that Storage Space is running low. The demand outlook remains gloomy. Signs of easing. Germany begins to reopen its economy as spain, france, and the u. K. Report the fewest coronavirus fatalities in weeks. Just under one hour away from the start of cash trading. Lets take a look at where futures are headed in europe. Futures are higher, whereas u. S. Futures are down. You can see the ftse 100 futures up more than 1 , as are the dax futures. S p, dow jones, and nasdaq futures, red arrows. Further away from the start of trade on wall street. It looks like we will kick off the week in europe higher. That divide between europe and u. S. Futures is interesting. We will watch that as we go th
Hey, edward. Reporter we do have some reduction in tariffs so 25 on 250 billion worth of tariffs and then 7. 5 on 120 billion worth of tariffs and those december 15 tariffs do not go forward. The president just speaking about this china trade deal saying that hes using those tariffs as negotiating points for the phase ii agreement to make sure china still comes to the table and the phase ii talks china wanted them to start immediately. The man who led the negotiating team here, u. S. Trade representative Robert Lighthizer released this statement today. He says, President Trump is focused on concluding a phase i agreement that achieves meaningful, fullyenforceable structural changes and begins rebalancing the u. S. China trade relationship. The chinese say that the phase i deal is in nine chapters, and those chapters include these are some of the big points here, protections for intellectual property, ending the forced transfer of technology, expanding access to financial markets, buyin
And germany is relaxing some of its lockdown measures from today, with the outbreak there, now said to be under control. After a weekend of warnings that some supplies of personal protective equipment for nhs workers are on the verge of running out, a number of hospitals across england say their stocks of gowns are now critically low. It comes as the government is criticised over delays to a delivery of ppe, including 400,000 gowns from turkey, that had been due to arrive yesterday. In other developments scientists are looking into whether the blood of coronavirus survivors can be used to treat people who are ill in hospital with covid 19. Tens of thousands of temporary mortuary spaces are being provided across the uk by the government ministers have described the measure as a precaution rather than a predicion. And from today, businesses can apply for grants to cover 80 per cent of the wages of staff who have been temporarily laid off because of the lockdown. Meanwhile, germany is rel
Yesterday. Nearly 40,000 reasons to believe that leaders didnt lead. They didnt learn. Or maybe its reasonable to ask whether they dont care. The president is complaining about too many tests. He proudly refuses to wear a mask. And he held a Campaign Rally with more than 6,000 people so medically fraught that every one of his Campaign Staffers there is now in selfquarantine. This morning, 32 states are seeing a rise in cases. Every state there in red, the deep red states, that much worse. The cdc says the number of americans infected with the virus is likely ten times higher than reported. And overnight, arizona and new mexico joining texas and eight other states in pausing their reopening plans. Texas is reporting an alltime high in new cases. And the city of houston faces a dire Critical Care shortage. And this morning, the White House Coronavirus task force will hold its first briefing in nearly two months. Lets begin our coverage with cnns lucy kafanov. She is live in dallas with o