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Trying in all ways to understand this new culture. Or you are not of in a tourney are the guests you want to become a citizen. In for migrants your platform for reliable information. Much on. U. S. Retailers suffer their worst 2 month sales drop ever can businesses recover lost ground as they slowly reopen were the wave of bankruptcies in the making. Also coming up as if things werent strange enough europe is rooting for german football the bundesliga is starting back up. And with the car parts market at a standstill one German Company revs up its production lines to make protective equipment. This is your Business Report im Stephen Beers in berlin its good to have you with us. U. S. Retail sales plunged by a massive 16 percent in april far worse than analysts had expected as the crowbars pandemic kept americans at home ....
Surgeons as the daily virus death toll drops. We get pmis from across the region throughout the program. Fragile sentiment. Stocks fall amid political sparring between the u. S. And china. President trump promises a conclusive report following allegations the coronavirus began in a wuhan lab. This crisis is different. Warren buffett explains why he has not put his record cap trial to work as companies clamor for liquidity. Futures equity markets, to the downside. Matt miller is with us from berlin. Futures suggest we will see some weakness at the start of trade. Matt absolutely. We are looking at euro stoxx 50 daxres down 3. 5 , as our futures. Ftse futures trading down. 5 . Nonetheless, in the red this morning. If you look at u. S. Futures, you red as well. U. S. Futures down about 1 across s p, dow jones, and nasdaq emini contracts so it does look like we are headed for a riskoff monday to kick off the week. Just under one hour away from the start of cash trade, as i said, and we exp ....
The nasdaq down by 25 points this morning, youll see futures are lower again. These are modest declines. The types of numbers we used to see all the time in the morning just over a month ago. Right now, the dow looks like it would open about 42 points nasdaq around 18 points. Keeping track of treasury yields we find ourselves this morning again with the yield indicated around those levels. 0. 7 and change andrew lets bring you an update on the pandemic and some of the numbers. The number of confirmed u. S. Cases rising to 400,000. More than 12,000 have died in america. New york is the epicenter with 140,000 confirmed cases. New york, new jersey and l. A. Reporting the deadliest day. And los angeles mandates masks as essential sharing this responsibility to keep workers and everybody safe which is why we are requiring customers to wear face coverings. Shopping for groceries, picking up a precipitation or any other business, you will need to cover your face. If you are not covering your ....
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 own ....