The bloomberg terminal. A grim milestone. One Million People have now tested positive for the coronavirus with more than 50,000 deaths worldwide. The Asian Development bank estimates the cost of the pandemic at 4. 1 trillion. We will get through this, you was Vice President mike pence tells bloomberg that the economy will rebound from mounting unemployment as the government ramps up virus testing. We are testing over 100,000 americans a day. We literally are tracking every single day the number of cases that are coming out, where they are coming out. Pullback, oil markets reassess President Trumps tweet on output cuts with brent and of uti giving up some of yesterdays gains. We will double big into that story. Just under an hour away from the start of cash equity trading here in europe. Lets take a look at futures right now. They are down in terms of european futures. Downed arrows with futures 6 10 of 1 . Euro stoxx, ftse, dax futures also down. Lets take a look at u. S. Futures. We a
Dozens of hostages freed at least 20 killed after a siege at a sikh center in the Afghan Capital is. A turkey lympics is pushed back a year and athletes from around the world have voiced their relief at no im happy to be petering the current virus pandemic well hear from them in the next hour. Well the largest lockdown yet in the fight against the coronavirus is underway with 1300000000 people in india now under orders to stay in their homes the restrictions will last for 21 days now india is only seen around 600 confirmed cases so far but there are fears that that could rise quickly all europe remains the current at the center of the outbreak more than 500 people died in spain just in the past 24 hours. Raising the death toll there to nearly 2700 but theres also concern the u. S. Could be the next hot spot infections in new york have now said to more than 25000 and that number is rising rapidly and just in the past few hours u. S. Senate leaders agreed on a stimulus package to help He
A 2 trillion dollar deal with the white house. Claims responsibility for an attack on a sikh center in the Afghan Capital at least 25 people are dead. And im peter senator the sport as a limp it boss is trying to reorganize to 2020 i. O. C. President thomas but describes it as a beautiful jigsaw puzzle and does not rule out holding the games in the spring rather than the summer. So then spain has had its worst day yet of the corona virus pandemic with more than 700 new dest fatalities have now surpassed china in the past 24 hours the number of deaths has surged to almost 3500 and nearly 48000 have been infected only italy has seen a greater loss of life in russia the pandemic has forced president. Vladimir putin to perspire a referendum that would have extended his time in office putin is calling on everybody to stay at home and has pledged economic assistance to those in need well go there when you put them you know thanks to the measures already taken we can stop this virus becoming
Heated tone from the u. S. And china. Financials, semis and industrials are all lower and full Team Coverage coming up dom chu is tracking it phil lebeau with details of on headache for boeing. Market down 333. The low of the session 425 down. The dow higher this session down 205 and red throughout the session as you can see sharp selling. Lets bring in Rebecca Patterson with us for the full first hour of the show. Good afternoon whats the spark again for the selling . Last week a nice end to what was obviously a negative month of august. I think what it boils down to is its not about the cost of capital. It is not about the level of Interest Rates, the stimulus it is the confidence to spend so we can make Interest Rates as low as you want but if you dont have companies and households to borrow and take that money and buy something with it, whats the point . Thats the conundrum we saw it in the trade rhetoric today. It is eroding confidence thats driving us right now. Can the fed or Ce
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