The leader of hezbollah on thursday described two waves of deadly attacks across lebanon using explosives and pages and walkie talkies as a declaration of war. In a televised address, hassan nasrallah said that israel crossed red lines after 37 people were killed and thousands injured in the surprise attacks across lebanon on tuesday and wednesday. He vowed to the people who had evacuated their homes in northern israel amid exchanges of fire would not be able to return unless israel ends its attacks on gaza. As he was speaking, israel s military confirmed its fighter jets launched fresh strikes, hitting more than 100 hezbollah rocket launchers in southern lebanon. He said some of the launchers were ready to be fired. Peace talks are being held in paris with the french president emmanuel macron saying a diplomatic path exists in lebanon. In a message to the lebanese people, he said, no regional adventure or private interest, no loyalty to a cause merited triggering a conflict. America s
2 , the nasdaq down about 1 3 4 that very much in focus because of those earnings that are looming. Joe teranova, you first. Youve got dr. Gottlieb saying the u. S. At a tipping point, youve got mark meadows at the white house saying were not going to control the pandemic. Is this mountain getting too steep to climb for the market . Well, without stimulus the answer to that unequivocally is yes. Rising virus cases need more stimulus there has been overs last couple of weeks a modest broadening out of the rally within the market, but its really been all about industries, scott, industrials, trading to an alltime high as a sector but why is that . Its on the belief there would be stimulus, consumer discretionary, examazon trading towards its highest levels why is that . Because theres monetary support in the form of stimulus. It just highlights how important stimulus is. You need this mosaic of coordination to respond to the virus and any incident of rising virus cases learned itself to
Trades on top. Ocado drops despite reporting 30 jump in sales. Jp morgan and banks kick off earnings season. Well see how much of an impact hit the banks bottom lines. It has been a weaker session in europe. Stocks have been trading deeply in negative territory. The hand over wall street, very choppy we have not seen that. Investors getting used to some of the records in the recovery trade takinghnogy. It was the opposite yesterday as some of the closures in california and texas with the spike of covid cases finally spiked a little caution. Weve seen some numbers. Signatu singapores seeing more of the fa fallout from the virus tensions from the u. S. And china again around the South China Sea and Natural Resources china claims are theirs and the ordering of chinese businesses in the states. A lot of tension one analysts said what you get is either very positive or very negative we are still roughly where we started on the uk stock market up 18 french rewinding about 2 . The dax is down
Investors raise a glass to remy sending shares to the stop of the stoxx 600 it expects demand to bounce back in the second half of the year saudi arabia and russia reportedly reaching an agreement to extend the counts for another month but will still be held today. Lets kick off with fresh data crossing the wires. Weve got uk car registrations coming in for the month of may 89 lower year on year to just over 20,000 unities. We are looking at a picture of sterling versus a dollar recently trading coming off 60 basis points the auto sector selling off quick sharply. A few Different Reasons for that part of that the reversal for the trade come together in the last several sessions. Part is to do with the german stimulus package unveiled in the last 24 hours. Let me give you more detail. German stocks making autos the worst performing sector in europe after the package announced overnight failed to provide must feeding help. Providing a raft of measures including help for electric car buye
Are lower than others, you can see that overall cases continue to go up and down in a similar rate as in midmarch when the shelterinplace order began. Of the six counties, the latest numbers show Alameda County currently has the highest number of positive cases with 3,049. Marin county currently has the lowest case with positive 420. In both county, the demographics of who is testing positive is strikingly similar. According to public data, in Alameda County, there were more male cases than female. The largest number of cases were between the ages of 18 and 30, and the largest racial group by far is latino. In marin county, public data also shows more male cases than female. The largest number of cases between the age of 35 and 49. And again, the largest racial group, latino. In fact, latinos make up 52 of marin county cases, despite making up just 16 of the countys population. But its not just about the number of cases in the county. The case rate, which shows cases per capita, is als