Mccain in arizona. You know the state. There was a lead for biden that seems to be narrowing. A lot of pressure on the ap and fox about the early protection they made. What do you think is going on in arizona, will that projection hold . Have done our own independent analysis of where we think these ballots are coming from, what they look like. The vast majority of them are coming from the republican rich territory of Maricopa County. Won though joe biden has Maricopa County writ large, actually stole a republican county, which is driving his lead in arizona, the ballots remaining are coming in slightly advantaged to donald trump, so different from almost every other state still counting ballots. In arizona, the remaining balance seem to favor trump. Advantage thatte joe biden had at the start of the day will be whittled down, but i believe by the time all of these percentages, if they hold, based on what we know, netnet, biden will finish out the victory in arizona by maybe 50,000 vot
Market. In the we want to begin in washington, where the u. S. Passed a record 2. 2 trillion economic rescue package. The house will vote potentially on friday. Going this is kevin cirilli. Walk us through some of the highlights here. Kevin shortly before midnight, the senate, in a resounding 960 trillionsed the 2 economic stimulus bill. That puts pressure on the house of representatives to get this done quickly. Theres been some comments from farleft progressives and far right republicans that they may have some issues with this version of the bill. I do not it is about that being enough to significantly stop this from being passed, based upon my reporting. I can tell you that the likely vote will come friday, and President Trump has said he is going to sign this virtually immediately once it lands on his desk. Alix thanks so much. As i mentioned earlier, europe really stepping up its effort to deal with the fallout from the coronavirus. The latest is the ecb started buying bonds, but
Tackle the illness caused by the new coronavirus. I w want the minister in chargef the special law, the Health Minister and other relevant ministers to swiftly come up withth basic guidelines. The task force will create those guide lines, using Expert Opinions on how to prevent the spread of infection and step up medical care. If the government finds theres a serious threat to pub heallic health and economy, it can order steps. It can limit the use of facilities where many people gather, for Example Department stores and movie theaters. Governments could also order residents to stay at home but there would be no punishment for those who ignore requests. An Emergency Declaration would enable governors to seize buildings for medical facilities without owners consent. They could compel companies to sell necessary medicine and Health Care Equipment to the state. Japan has now confirmed over 1300 coronavirus infections. That does not include more than 700 cases from the diamond princess cru
To back the bell and set to publish their own support program. Force johnson orders the u. K. Into a three weeks lockdown, sweeping new laws to breakup gatherings and fine any dissenters. Taylor meantime, i want to bring you some breaking news coming out of china. Their companies are having the worst quarter on record, according to china. The headline as it catches my eye, the economy has not gotten better as much as we thought they would be returning to work. It looks for the first three months of this year, a Quarterly Survey of all the firms, it looks like every individual sector was reporting worse results than originally thought. Saleswas a widespread in amid the harder hit retail sectors. The collapse in revenue and profit. Again, Economic Activity collapsed in february. This is as we knew that there was the massive virus spread that was going on. I think the key headline is Chinese Companies continuing to have the worst quarter on record. Every individual sector reporting worst
The session. S p futures have been fading, but this after what was the second 4 gain in three days. Safe havens have also been big. Dollaryen, the bestperforming currency. At the same time we see a goal above 1600. 10year treasury yeild continue to hover around 1 . According to that millard have signe says that this is a that the safe haven assets he further weakness ahead. If it was up to him he would say sell into the rallies and there is a large chance maybe we will see a returns debtfree chance of equities from last week. Paul our cross asset reporter in new york, thanks for joining us. China has reported its latest coronavirus numbers, adding 139 new infections and 31 debts. Those figures are inline with the lower trend in recent days. The contrast for the acceleration of an infection rate elsewhere in the world. But get over to our china correspondent Tom Mackenzie in beijing. China is seeing a dramatic drop in infections, but there are doubts about whether we are getting the ful