An eye watering loss. Costsosses and rising mean bonuses are set to disappoint. We are seeing u. S. Futures flat. This, of course, after we had the regular session seeing record highs. At one point, topping the record reached in february before the pandemic. Every sector on the s p 500 was in the green. We have nikkei futures moving higher as we have the japanese yen under pressure. We have seen it fall against the u. S. Dollar for the past four sessions. Right now trading around the weakest in three weeks. In sydney, futures higher. We have the aussie dollar listed a little bit higher. We have a softer u. S. Dollar, not to mention higher commodity prices. We have kiwi stocks at the moment gaining ground after seeing the worst day in a month. This as we have rbnz expanding their qe program. Gains in the currency returns, commodity exports, unr holdings qnr holding steady. U. S. And chinese negotiators plan to discuss progress in the phase one trade deal. Pushing toset to be widen the a
The economy as early as next month. Almost 2 Million People have died worldwide. The imf and world bank prepare to meet amid the most down the worst downturn since the 1930s. The new reality of collapsed trade and mounting unemployment. Oily we are seeing reversing gains as much as a percent at one point in london. 25 , sames now down for wti. We had the reduction coming from opec and its allies are that would have been the sickest single largest in history. Goldman sachs but says it is insufficient. U. S. Futures gained at the open, reversing earlier prices. The nikkei futures also down 1 . We have markets closed on holidays including australia and new zealand. Global cases also affecting sentiment in the markets. Those cases rising towards 2 million with the United States the epicenter of you break after fatalities in the country surpassed italy. There are signs of optimism in the hotspots like new york. Lets bring in Sophie Kamaruddin with the latest. We have seen President Trump. A
Lets get over to china correspondent in beijing for more. What are the latest developments . The economic front, we did hear from the finance minister over the weekend. There will be additional measures from china to cut taxes and fees to support the economy. We saw additional meters over bond issues at the local government level. Additional letters from policymakers to support the economy. Meet its social and economic target. The question is how much budgetary pressure china will be under and how aggressive these stimulus measures are going to be. Pboc has lowered Interest Rates ensure Financial Markets in terms of cases, 68,500 are the latest numbers in terms of infection. 1600 deaths. The rate of infections continues to slow. We had a doctor out of one of the hospital say that now according to state media, this is starting potentially to peak the rate of infection. The new officials on hubei profits, wuhan is the capital, population they are told not to leave their homes. Leadership
A worse than expected contraction in the sector as you point 3 this revealed a worse than expected contraction in the sector as the u. S. Manufacturing fell to its lowest level in a decade this is also the 3rd straight contraction for the i assume as exports escalated trade u. S. Manufacturing fell to its lowest level in a decade this is also the 3rd straight contraction for the i assume as exports dived amid escalated trade war the continuing contraction showed the challenging environment u. S. Manufacturers are facing war the continuing contraction showed the challenging environment u. S. Manufacturers are facing as this sector was once considered a big winner under the trumpet ministration winning as this sector was once considered a big winner under the trumpet ministration with its. Main benefactor manufactured. Back to back to us shores. Production felt all. 46. 00 and imports fell to 45. 00 registering the lowest rate of 46. 00 and imports fell to 45. 00 registering the lowest r
Totting continues to sweep trans across the globe the streaming wars are beginning to really heat up r. T. Correspondent Rachel Blevins joins us today as are beginning to really heat up our t. V. Correspondent Rachel Blevins joins us today to plug into the details of what lies in store for show viewing. Today and to plug into the details of what lies in store for show viewing. Shows today its a lets get to it. The nasdaq and the s. And p. 500. 00 to lets get to it. The nasdaq and the s. And p. 500 both hit fresh 52 week highs today as october job data came back sugar bowl hit fresh 52 week highs today as october job data came back stronger than expected payroll came in at 128000 versus expectations stronger than expected payroll came in at 128000 versus expectations. 85000. 00 even with the negative impact of the g. M. Strike of 85000. 00 even with the negative impact of the g. M. Strike the Unemployment Rate rose modestly to 3. 6 percent as expected however the Unemployment Rate rose