But those hopes may be shortlived. Democrats proposed a new plan but republicans worn a wide gap remains. Mitch mcconnell says the plan contains poison pills. And australias plan to have women hold at least 40 of leadership roles in asx 200 companies. Aberdeen has already signed up. Shery heres a look at how markets are trading. We are seeing u. S. Futures coming online, down. 2 . This, after u. S. Stocks ended the session higher wednesday. Also the last trading day of the quarter for u. S. Stocks. Haidi mentioned talks and hopes for a stimulus package in the u. S. The house has delayed the vote on that bill, trying to get more time to reach an agreement with the white house and treasury secretary. The s p 500s on nine sectors out of 11 higher. Health care and financials led the gains. Showingitive ecodata, u. S. Companies added more than 700,000 jobs in september. The dollar weakness, a third consecutive session of losses. Not to mention before the quarter, just posted its biggest qua
Too soon could have dire health and economic consequences. There is a real risk you may trigger an outbreak you may not be able to control which will set you back load on the high seas warns container volumes may fall as much as 25 in the Second Quarter. How the virus will hit global trade. Protectionism is a key risk and getting bigger as part of this pandemic as countries saw trying to protect their businesses it is no doubt in my mind it is the wrong strategy the french group pulls out of the take of the bermuda based partner turning shares sharply lower. The uk economy contracted a record 5. 8 in march Economic Activity in the First Quarter slank 2 output in the services and output fell sharply but not as low as expected. Retail sales plunged 19. 1 as the lockdown weighed heavily on the sector it is the biggest monthly fall since the brc began the index in 1995 weve been looking at that data but we know there is worse to come in the Second Quarter when we warn the contraction could
Confirmed that two people had traveled on the grand princess cruise ship that was held in the port of oakland earlier this month have also died from complications from the coronavirus. As for testing, Governor Newsom said today the 66,800 tests have been performed. The results for those tens of thousands tests are being delayed due to a shortage of necessary chemicals to process them as well as materials such as swabs and files. Your in the bay area, more lives are being lost. San mateo county reported upon the death, bringing the total up to five. Three of the people who died are older adults. The fourth person was described only as an adult. In a statement, the county help officer said he believed the virus is growing adequate exponential rate. Santa clara county continues to have the highest number of deaths with 17. That is an increase of one compared to yesterday but Alameda County now has two death. San francisco, sonoma, and carter countys each have one death from the virus. Hea
While the package stalled. The tech heavy nasdaq light of the day in the closing down 33. The s p was up 20. At this afternoons breathing, President Trump appeared optimistic that the stimulus package will pass. Rate date for the American Worker and american families. Frankly, for american companies, some of which are having the best years they have ever had. The president also defended his desire to reopen the company by easter despite pushback from his on task force. In new york city, more are expected morgues are expected to reach capacity. The citys more in store up to 900 bodies. California residents could be getting help from their lenders. Some 200 statechartered banks and Credit Unions have committed to the state of california that they will provide forbearance for bands on foreclosures and mortgage payments. Reporter some of the nations largest banks including wells fargo, citibank, jc morgan chase, and u. S. Bank have all agreed to a 90 day grace period. The Economic Impact i
The nation tries to slow the spread of coronavirus and give relief to all of those who have been affected. The Senate Passed a 2 trillion coronavirus economic stimulus bill. The largest Economic Relief bill in u. S. History. The bill was held up for much of the day after four republican senators demanded changes. The package provides relief for workers, businesses and corporations. Governor gavin newsom said one Million Dollars filed for Unemployment Insurance in less than two weeks. The surge in claims coincides with the shelterinplace order. The States Employment Development Department said it is working seven days a week to process claims and schools in six bay area counties will remain closed at least through may 1. The announcement affects a million students. Santa clara county reported 84 new cases today of coronavirus. That is the largest number reported in a single day. Now that testing is available. A san jose grandmother who worked at a Grocery Store is among the 17 people de