Lets get a check on these markets. We are waiting for shinzo abe to make the press conference this morning. Following that news we did see the dollar dropped against the japanese yen. We have pictures of shinzo abe at the podium in tokyo. He is stepping down two to Health Concerns due to Health Concerns. He is japans longest serving Prime Minister and will make these remarks this morning about why he is doing so. He is leading ahead of its term set to expire in september 2021. The Big Questions are abenomics and what it means for japans economy, quantitative easing, stimulus and structural reforms. Freaky arrows of his economic plan, many are saying the Silver Lining is the boj under kuroda will continue, and that will support the economy. He is taking the stand now. The boj plans to keep current pace in september. Lets listen to what shinzo abe has to say. We have been fighting against an invisible enemy. We tried to minimize the infection as much as possible. We tried to avoid sympto
Tiktok. Thatow we are hearing thiller. And of 49 fortnite, apple says it is terminated ebix developer account. Developer account. A lot going on. The fed, the prime and a strut japan stepping down. Earnings. The ending of the Republican National convention. Walk us through what has impacted the day. So much and all of it ended in record high for the nasdaq and s p 500, investors encouraged by the fed latest policy shift, the idea that perhaps it is reinflationary in nature, stocks respond in kind. Apple, this is interesting, over the last two days apple is underperforming, down the last two days 1 , closing a little as were mentioning now, terminating the epic caliber account in the midst of the developer account went epic refuses to pay the 30 fee. That apple is standing up for that along with alphabet shows they are forcing developers to comply with roles. It will be interest rules. Im not sure how this would impact the bottom line for apple but it must not be all that much. You ment
President trump and members of the White House Coronavirus task force spoke to reporters about the outbreak in the latest projections from health officials. As of yesterday, the u. S. Now has the most reported cases of covid19, surpassing china and italy. President trump hello, everybody. Hello. Thank you very much. Thank you. Beautiful day. Very good, what youre doing. Look at all those empty seats. Never seen it like that. Oh, boy. How the world has changed. How the world has changed. Right . But its going to end up being better than ever. I want to thank you very much for being here and i want to update you on the steps were taking on our ongoing fight to the virus. This morning i spoke to the leaders of the g20. Had a great meeting. We have a lot of different ideas, a lot of good ideas. Were working together. The leaders gathered virtually around the world to discuss the whole subject of the problem now, 151 nations have got. We had president fernandez of argentina, Prime Minister
Stuff happen here in the lockdown of new york and london. That does not mean the conversations will stop. Great conversations lined up today. Thank you so much for watching our last hour with rupert harrison. We move forward with michael a moment. Ning us in my observation is that every nation for itself right now. How was Prime Minister johnsons weekend . Francine i do not think they are competing with each other. There is a lack of coordination, but when you look at the u. K. , that is coronation between treasury and bank of england. So it is domestic coordination that got it right. If you look at the global efforts, maybe coordination could help in terms of medicine of swaps medicinal sops information. Boris johnson has told people to selfisolate or at least distance themselves. If you look at pictures across london, many people, far too many people, are just not heeding the advice of what the government is saying, which is why we hear that the government is thinking about a lock do
That seems to have worked because the dow which had been limit down has now bounced back and at the opening bell, we may be up 400 points. The dow will be up significantly at the opening bell. Same story with the s p and also with the nasdaq. Now, treasury secretary mnuchin, he says the Federal Reserve will have 4 trillion for loans to businesses. He says theres more where that came from and if congress doesnt get something going real fast, then they will go back to congress for more and he says the fed will provide any amount that is needed. Thats what the fed is doing right now. Thats the market. Thats the fed. Thats whats going on in congress. Now look at the price of oil. That has been a problem for American Energy producers and right now, weve got oil all the way down in the low 20s. Thats a continuing problem for texas, north dakota and for the Energy Producers and these energy stocks. How about the price of gas . That is absolutely tumbling. The National Average all the way down