The 3 trillion weve spent plus a trillion dollars more. Thats about 20 of gdp. Thats absolutely historic, and were prepared to put more money on the table softbank returns to profit with a 12 rides se investor shares soared towards the top. Sales grew by 67 in the Second Quarter. Stock markets here in europe have been trading for about an hour so far, and the direction of trade has been very firm. Weve seen a very decent rally play out after initial gains thats now translated to a pop of 1. 7 on the benchmark index, a fair amount of green at a stock level sector level and by industries you can see how the core markets are faring today we did see some early gains in the german stock market, and that is now actually outpaced by italian stocks taking the charge french and german stocks slight underperformance again by the uks stock market, just 1 3 4 of a percent yesterday. It was curious we saw the german stock market, one of the laggards which is typically not the case, but certainly re
Asia braces for a second wave. This hour brings the latest check on the japanese economy, we await gdp Growth Numbers in a quarter dominated by the outbreak. Lets take a look at markets as we set up the trading session. We are seeing this with u. S. Futures. Backandforth between washington and beijing really dominating our can sentiment at the moment. Seeing new zealand trading on , as new zealand moves out of the restrictions. Positive upside,. 6 higher for australia futures going into the start of trading today. We are watching the yen, which has been seeing strength. Looking at positioning by money positionsnet long yen are being extended. There could be further upside with the japanese currency. Seeing upside continue with wti. Gains ineen the recent oil, shery. Shery we see more economies reopen and we are hearing from apple. They are saying nearly 100 stores globally have opened their doors again. Are refining it doesnt mean stores will not be shot if needed. Apple saying the sto
Bedeviled the world and this could be a sign they had been long waiting for. Hope springs eternal here and you obviously need something beyond just phase two trials that look promise. Well get into that with a top doctor. Meantime look what is going on in wall street here and why everything is looking green thus far. Jackie deangelis on that. Hey, jackie. Reporter good afternoon, neil. Everything is green as you said. Moderna seeing a huge pop on this news today and the dow is up more than 800 points and the point here is weve been talking about therapies, weve been talking about treatments but there is Nothing Better in terms of reopening the American Economy than a vaccine that would prevent people from getting the coronavirus. That is why you have this kind of optimism today. Now this was data from a phase one trial as you mentioned. So it is still very early here but it does mean, that the company can move forward. It is saying the goal to get to phase three in july. If everything
300 billion in direct Cash Payments will be available for every american citizen earning less than 99,000 per year. 3000 3400 for the typical family of four. Beenng like that has ever done. Up to 250 billion dollars in expanded Unemployment Benefits. The average worker will receive 100 of their salary. Or up to four full months. Normal unappointed benefits, independent contractors and the selfemployed will be eligible. Independent contractors and self employed people will be eligible for this. The 100 billion to support heroic work of our doctors, nurses and hospitals who have been incredible. 45 billion for Disaster Relief fund. We are setting up a fund of 45 billion for Disaster Relief. That is more than doubling the amount available to support my National Emergency and disaster declarations. Thebillion to build up Strategic National stockpile with critical supplies including masks, respirators, pharmaceuticals and everything you can imagine. Very depleted, our military was depleted
Softbank vision fund. What is going on . Of new reports. And 2019, the year in review. ,he plans for Cryptocurrency Facebook felted all. What is the strategy going into 2020 . First and the top story, shares of micron up after they reported betterthanexpected top and bottom line numbers for their fiscal firstquarter and the forecast strong numbers for the current quarter. Gross margin is something i have been eyeballing all day. They are coming in more than 27 . At the ludlow ed ludlow is here to break down the numbers. What is your key takeaway from this report . Reporter with these numbers, that is the optimism across wall street. The memory chip market will rebound probably at some point in the second half here. When we talk about dynamic random access memory, we are referring to the memory change that goes into computers, pcs. You look at the chart, prices trade like a commodity. They have been trickling as new Technology Comes into the market and capacity comes into the market. Th