Time to your news i q. And it states is ramping up the targeting of its political foes and going to Great Lengths to push for suspects to be extradited from the u. K. Canada and now even cape verde but is it worth the hassle for rivals who dont pose a direct threat to the u. S. Markets Rachel Blevins is joining us from the news room with more to the story rachel well no washington is now calling on a small west african country to extradite a suspect who they say helped to both iran and venezuela undermine u. S. Sanctions the island nation of very day has confirmed it will hold suspect alex dog for the next 40 days after he was taken into custody on friday they say they are still waiting for a formal extradition request to be submitted by the u. S. The colombian businessman was indicted by the u. S. Law. Last year on federal Money Laundering charges he stands accused of funneling 350000000. 00 that was meant for the poor and hungry in venezuela to overseas accounts he has also been accu
The titanic is making news once again an Expedition Team wants to retrieve the telegraph radio used right before the ship sank to the bottom of the ocean well tell you all about that all right its time to move through news i q. Fed chairman Jerome Powell is testifying before Congress Today on the health of the u. S. Economy in a current and post pandemic america hell be cruising in on the good morning news from the retail sales sector posting the best data they have seen in a while so for more analysis and discussion lets go to ben swan hes an investigative journalist and cohost of boom bust and host of news with Rick Sanchez Rick sanchez gentlemen good to see you both ben i want to go to you 1st have we finally turned a corner since the pandemic hit and also. Whats driving the market. Well we got some very good numbers as you said in terms of the numbers for may end retail kind of coming back about a 17 percent increase in retail sales that was not expected and it shows that obviously
Of libyas capital the internationally recognized government closed back more territory from warlords police have tagged and the spain announces plans to Welcome International tourists just in time for the Summer Holiday season. Brazil has overtaken russia and now has the 2nd highest number of corona virus cases 2nd only to the United States confirmed infections are now above 330000 the death toll is more than 21000 that is based on official figures but experts say the total could be as much as 15 times higher because of lack of testing brazils infections are not expected to peak until next months states and cities are now grappling with whether to loosen restrictions or clamp down even harder the pandemic and the governments response to it is an issue which has polarized the country. My father has coronavirus and psychologically hes very affected and upset the landscape changes very quickly in a hospital one moment one person dies and another is discharged he gets very angry hes very a
A growth target as its economy reels from the coronavirus pandemic. A massive cleanup operation in india and bangladesh after cycling sweeps through the region. Also ahead the skys not to the limits the u. S. Pulls out of a longstanding open skies arms control treaty saying russia violated it. And in sport costa rica become the 1st country in the americas to resume their professional football league. The government in hong kong says it will work with beijing to introduce a new National Security law as soon as is possible we are expecting more details later but its believed to criminalize secession foreign interference and subversion of beijings state power news of the plan has already been met with. Protests in hong kong and leading prodemocracy figures called at the end of one country 2 systems the chinese premier li announced the bill at the opening of the annual National Peoples congress its meeting 3 months late because of the pandemic also coming from the parliament for the 1st ti
Numbers, 8 30 this morning. We knew it was going to be bad because bricks and Mortar Stores have been largely shut down, and it was bad. April sales down 16. 4 in april after dropping 8 in march. So heres the market, with just minutes to go to the opening bell. Red ink all over the place but not as bad as it was. The dow off about 180, 25 down for the s p, 121 down for the nasdaq. Thats of course inspired by apple, which is way, way down this morning. What were looking for is how fast we can rebound on the other side of this really bad Economic News. Thats the other side of the coin. The great reopening. Which gathers steam this weekend. There are only a handful of states that are still trying to enforce a complete lockdown. This will be a test of our willingness to get out and about, our willingness to travel, eat out and shop. This is important. We need to open the economy. We need to get back to work. This weekend, i think its a prelude to memorial day next weekend which is the unof