Were all in this to run together and will make it through. Still usage of a gun in the stays in history so stay safe increase means to say. Ok. The chief executive of chick talk steps down kevins mayor has resigned his post image pressure from the Trump Administration and accusations that a video platform is a threat to u. S. National security also coming up deloris has one of the lowest poverty rates in europe is soft yet era economy sustainable in the 21st century we asked an expert in moscow. And switzerland has so far managed to shield its economy from the coronavirus pandemic by the. Second quarter g. D. P. Plunged more than 8 percent take a closer look at the alpine nation. Welcome to the business i want to get jones in berlin good to have you with us now less than 4 months after joining tick talk with great fanfare kevin maris quitting the chinese video app to talk has been under strong pressure from the trunk of ministration it says to talks bikes down says ties to china make i
Many people. Tencent is one of the most active investors in the world. More than 450 investments under the companys umbrella and that is more than the number in softbanks universe and includes names like tesla, snap and epic. Thirdly, american businesses operating in china, like mcdonalds and starbucks, they rely on the wechat app for their operations so being cut off could jeopardize their business there. There are so many questions still outstanding but its really hard to understate the importance the daily role of wechat for chinese internet users. Its called a superapp people use it for everything from messaging and booking a doctors appointment and we dont have an equivalent here. Tik tok is popular in the u. S. Its looking at a sale to microsoft so it could get around that ban there is no such option for wechat, carl weve tried to explain to investors just how important it is on the other side of the world. Lets bring in global head of Technology Investment strategy at deutsche.
This morning, well break it all down the president s response, the economic fallout and the latest efforts to control the pandemic. Our guests, the nations top expert on infectious diseases, dr. Anthony fauci and treasury secretary Steve Mnuchin. The pointman on the economic response. Plus, the powerhouse roundtable on the political fallout. Announcer from abc news, its this week. Here now, chief white house correspondent, jonathan karl. Good morning and welcome to this week. We want to get right to the latest developments on the coronavirus pandemic. There are now over 156,000 cases confirmed across the globe. And more than 5800 deaths. Spain is now in lockdown. France and israel are closing restaurants and other nonessential businesses. And here at home, the numbers continue to climb. Take a look at this map from last week, and now there are more than 2900 known cases in 49 states and washington, d. C. Thats every state except west virginia. At least 59 deaths have been reported. Our
Smoke pouring from that boat with 34 people trapped on board. And now a first look inside the escape hatch, the tight sleeping quarters as the brother of one of the victims speaks out only on gma. Walmarts big move on guns. The crackdown, the weapons and ammunition they now say they wont sell after recent horrific shootings. New twists in the College Admissions scandal. A parents legal filing reveals new files. What it could mean for Lori Loughlin and the parents facing charges. Stunning upset overnight. Tennis great Roger Federer knocked out by an unseated player and Serena Williams sails on to the semis in just 44 minutes. And good morning, america. We want to get right to Hurricane Dorian this wednesday morning. Its making its way up the east coast. Thats a live look at melbourne, florida right now where winds gusted near 16 miles an hour overnight. And lets take a look at the satellite right now overnight. D northnd the National Hurricane Center Warning about a lifethreatening stor
Stocks fell,n weighed d two prominent blue chip companies. Apple and boeing. Investors also spent the trading seion trying to figure out what the central bank will likely do following t strong jobs report that we told you about on friday. Well have more on that in just a moment. But first, the closing numbers. The Dow Jones Industrial average dropped 115 points to 26,806. Ase nasdaq down 63 and the s p 500 sli 14. Lets start with apple. It was the worst performing dow stock today after analysts at rosenblat securities downgraded shares to a sell. They cited the weakening demand for apples flagship iphone especially in china and also the potential for slower Service Revenue growth. E calling what they called fundamental deterioration in the sck over the next 6 to 12 months, and shares of apple finished 2 lower in todays session. And now to boeing which ovec the weekendved its first major cancelation for the 737 max airpla it came from a Lowcost Airline in the middle east. That sent the