Another 6600000 people in the u. S. Filed for Unemployment Benefits just last week that means 10 percent of the countrys workforce nearly 17000000 is now unemployed because of the fallout from the pandemic for more on this spring in our White House Correspondent Kimberly Halkett in washington d. C. And so kimberly these numbers put another huge strain on the economy. Huge strain on the economy and we hear that the numbers are only going to continue to get worse this is the 3rd consecutive week of massive job losses in the United States but what were told is that really could be in the 10s of millions even up to 46000000 people when all of these claims are filed the reason that we dont have those numbers now is that the states and employment offices are overwhelmed of people simply cant get in there to file the claims they cant get through on the telephone they cant even seem to file on live so we expect this number to continue to climb and its across all sectors were seeing the Hospita
Seeing. Sarah you look at equities in japan right now. The nikkei 225 of more than five percent, trading below 20,000 for the first time in over a year. What is already been very rough price action is only getting worse as time goes on. You look at s p 500 futures trading at the 5 limit from the friday reference price. 28. 1 nine. At futures continue to trade. They just cannot jump although it or fall below it. That is the first time we have seen a limit down since donald trump did win the presidency in 2016. The asx having its worst day since 2008. Msi market watch, the asiapacific region is having its worst day since june of 2016. What is really pulling lower is the energy stuck. Off by 8 . That is the worst day since 2008. It is your upstream energy companies. Your producers that are weighing. The worst day since 1988. Also some of your worst performers coming out of hong kong. The legs of oil fields having its worst day ever, off 15 anything. Energy related really all 15 . Anything
Yields have picked up. Tenyear yield above 5 . That is a significant level. We touched briefly above that for a nanosecond last week. Since then, you have to go back to 2007 when you have seen yields at these levels. 5. 012 for the tenyear yield. By the way, check out energy prices. You will see wti which is off 33 cents. 87. 76. We have merger monday as joe mentioned. Look at what is happening here. Chevron buying hess in the deal of 53 billion. 171 a share. That is a low premium over the Closing Price for hess on friday. Hess shares are up 2. 25 . Chevron down 2. 9 . This deal comes just weeks after exxonmobil made its move to buy pioneer natural resources. Both stocks on the move. Hess ceo john hess will join chevrons board. I just got off the phone with mike wirth. Very low primemium on this. This goes back long before the rumors came out about exxonmobil and pioneer. That deal went through last week. A lot of people thought after the deal, that chevron would look for Something Els
Europes leading robotics labs as the octopus is modeling the lates in robotic technology. Hello the u. S. And turkey is discussing the creation of a buffer zone along turkeys southern border with syria. The counter fighters to counter fighters from the Islamic State of iraq and the levant. Syria fighters known as the ypg the kurdish government denies that claim. Al jazeeras zeina khodr reports from kilis in Southern Turkey on the border with syria. Turkey says it plans to send no troops across the border, instead it says its cooperating with Ground Forces already inside syria. Those troops are not syrias kurds who the coalition has been relying on. But opposition groups who are fighting both i. S. I. L. And the Syrian Government acknowledge turkeys Prime Minister says u. S. Which leads the coalition against i. S. I. L. Has agreed that those opposition groups should be protected. Expectations to a certain level i cannot go into details but for example an important point was the air cove
Good morning to you. Im wilfred frost alongside seem se we saw the nasdaq decline yesterday, 8 out of 11 sectors were out more than 1 , real estate and telcos were the outperformers, but all sectors down. The likes of alcoa disappointing. Will that be a sign for the rest of earnings season . And the pound weighing on sentiment. Futures are called higher, pretty much flat but slightly higher. That may be because the pound rebounded. The fear that brexit could derail markets is helping futures this morning. We are up 1. 16 . It comes after theresa may made a concession to Parliament Offering to let Lawmakers Debate her brexit plan. This is important to focus on. Markets have rallied significantly on this. This is not a vote shes promising. All this move in terms of the pound falling, a lot of it related to the fact shes focusing on a hard brexit, not a soft brexit. If the rally is based on this, i think thats a slight overreaction. Its not a real concession, its yeah, well discuss it. Su