Beijings economy. He says the world has entered a transformation period but warns against the closed domestic cycle. Watching wall street, Goldman Sachs, bank of america and wells fargo report later today. This after j. P. Morgan and city shares fall despite surprising to the upside. Very warm welcome to our viewers just waking up. Manus is off this week. A much do holiday and very welldeserved. The pandemic really was maines front and center. We have the latest projections from the imf, warnings from the u. K. Scientific advisor. The netherlands entering a partial lockdown. The pause from eli lilly and Johnson Johnson on their latest medical trials serve as a stark reminder that the pandemic is a perennial Market Driver even amongst the uncertainty of brexit, the tugofwar over u. S. Stimulus, and the noise surrounding the u. S. President ial election which today is now 20 days away. Against that backdrop, the markets this morning a little softer in asia. Xi jinping speaking in shenzhe
This is great for Small Businesses and workers. 30 billion to the Paycheck Protection Fund will be reserved for small financial and to shins him a including those who treat minority and distressed communities. That is 30 billion of the Paycheck Protection Funds. To do withlly having extending vital relief to thousands of africanamerican and hispanic American People and businesses in this country that have been so great that so badly hurt. 10 billion for economic aid. This will provide loans to Small Businesses and farms. Very important farms. Money for rural clinics. Let me once again thank everyone who helped achieve these historic victories. We are really hitting it hard. The task force has been fantastic. The ideas in implementation have been fantastic. We dont get the credit we should. I dont want for myself. I wanted for all the incredible people who are working so hard. You see what we have done with ventilators. I have many countries calling. We are the king of ventilators. Coun
Fight the virus. This as deaths in the u. S. Surge past 50,000. The numbers are Getting Better in spain and italy but seem to be getting worse in places like russia and germany. The World Health Organization also forming an International Alliance to ensure that vaccines and treatments are distributed fairly. We are just ahead of a big week in earnings. I want to bring in taylor riggs. Sammys buoying the markets. What were you watching . Taylor exact reversal of yesterday. Outperformance within the tech sector but we are still lower for the week. We are waiting a bunch of being earnings coming next week. We got some chipmakers reporting this week. I will also talk about crude. Monday and tuesday, you had crude go below zero for the first time ever. Some of the losses we saw on monday and tuesday, even though the Energy Market rebounded, not enough to offset the big losses in crude. Contract still on pace for their worst week ever. You are starting to see some of that pessimism. Pandemic
Timeline some even pushing back their opening dates until least may 15th. Beyond the president may first goal tonight there are more than 2 million confirmed cases of covid19 in the world and more than 143,000 deaths, this is all according to Johns Hopkins university. In the United States there are more than 660,000 cases and more than 32,000 deaths in california there are more than 27,000 cases of coronavirus and it has claimed the lives of more than 900 people. Today President Trump unfolded his major plan to reopen the country as Americans Still continue to battle the unrelenting coronavirus pandemic as kron fours Theresa Stasi reports, the plan leans heavily on governors and how each state is uniquely dealing with the virus. America wants to be open and americans want to be open. The president flying to buy his experts on the White House Coronavirus task force diving into the details of how the country is going to reopen. Our approach outlines 3 phases and restoring our economic li
Anxiety around the delivery of our food and those workers have about their own health we dont want you going to work. If youre sick. Governor newsome extending paid leave benefits to food workers across the state during this pandemic. Nothing there nothing i was looking for bell peppers strategy, less i couldnt find anything pretty limited selection of what you can get. Plus concerns from shoppers about a shortage of produce at Safeway Stores across the bay area just one of the many angles were following for years on this friday morning april 17 thank you for joining us, im James Fletcher so our top story involves a course of the coronavirus in the fact that there are more than 4,500 american deaths in the last 24 hours alone. But despite the surge in deaths President Trump has laid out a threephase approach to restarting the economy as soon as possible and hes putting governors in charge of that reopening. Coming up are now has the story. The decision to reopen the country will not co