More work from home. It is thursday, may 7. You are watching Worldwide Exchange here on cnbc good morning, good afternoon, good evening. Welcome. Im Brian Sullivan thank you for joining us on this 75th anniversary of ve day 1945, world war ii and europe ended. Looking at the market and your money. Setting up their thursday morning. We are seeing futures with potentially a rebound in gain. Getting to more on that in one second this would also regain like we said what we lost yesterday. Up nearly 3 this week alone weekly jobless claims are out. They are expected to show another 3 million americans have filed for unemployment. We are nearing 30 Million People out of work. Markets wont move on that it is widely expected. Obviously a difficult number to hear we have breaking news on United Health the health insurancer announcing it will provide 1. 5 billion premium rebates. Joining many Auto Insurance Companies Offering rebounds as people are simply not consuming their products right now we
Outbreak t there has peaked. Theyey say half of t those infe have recoverered and left t hospital. Staterun tv also report there are now empty hospital beds in wuhan, the city where the disease is believed to have originated. They say the number of patients released from hospitital is outpacing newly confirmed infectctions in hubebei provinc, where wuhan is located. Researchers in Mainland China say theyre learning more about why the new virus is hard to diagnose. A new paper by a team of chinese researchers analyzed data on about 1,100 patients. It found more than half did not have a fever when they were hospitalized. The vast majority showed mild symptoms. Of those, 18 displayed no abnormalities in tests such as xrays. The researchers say these factors make diagnosing the virus difficult in the early stages. Wuhan is marking 40 days since its lockdown. For residents, the restrictive reregime has become their new reality. One captured by a professional videographer who posted his popu
Shares of pandora sinks and hugo boss predicts recovery next quarter. Former british Prime Minister tony blair tells us exclusively brexit will happen. Everyones politics is weird right now. Everywhere you go in the world and leaders start talking, you get into a competition of whose politics are crazier a lot of people are competing to catch up with us welcome to street signs. Chinese president xi jinping has called for the world to stand firm against protectionism and Standing Firm to protect his countrys environment. Calling for more open trade while not mentioning the United States by name amid multiple reports the u. S. Is considering chinese demands for tariffs to be halted amid a compromise of a phase one trade deal president xi jinping is hammering home a message that Chinese Consumer is critical in his speech this morning, he pledged chinas door would only open more. Translator of the problems confronting the world economy, none can be resolved by a single country alone. We mu
To the program nowadays it takes just one tweet anger is mounting in china over a comment by the general manager of basketballs Houston Rockets he openly supported the prodemocracy protests in hong kong but china and its hundreds of millions of sports fans is a highly important market to the leak and its corporate sponsors so after just one tweet damage control is now in full swing. We apologize we love china Houston Rockets n. B. A. Star james harden distancing himself from the words of his teams general manager and on monday morning daryl morey tweeted his regret saying he had not intended to cause offense among the clubs chinese fans and that he was merely voicing a thought based on one interpretation of one complicated event humble words that show the importance of chinese money to the n. B. A. But they came too late to prevent sponsors like the Sportswear Company leaning and shanghai based s. P. D. Bank from cutting ties with the rockets chinas state broadcaster has announced it w
No hope for both of us would really go there you know once twice you. The grovelling apology comes after the teams general manager daryl morey tweeted support for the protests in hong kong has since deleted the tweet and said that he did not intend to cause offense humble words that show the importance of chinese money to the n. B. A. But they came too late to prevent sponsors like the Sportswear Company laning and shanghai based s. P. D. Bank from cutting ties with the rockets chinas state broadcaster has announced it will no longer show rockets games and the Chinese Basketball Association says its ending its relationship with the club so should the Houston Rockets are largely responsible for chinas interest in the sport which took a large stride forward when they signed local boy missing in 2002 now the market that is worth billions to the n. B. A. Last season more than half a 1000000000 chinese fans watched n. B. A. Matches through the Online Platform 10 sent each of us is a potenti