A significant hit the country is also mobilizing financial weapons in the war on coronavirus on wednesday seoul announced the 9800000000. 00 stimulus package to get the economy through the corona crisis i would look good me be found as you are we understand that the economy is in a state of emergency were putting all our policy focus on minimizing the economic fallout especially for the vulnerable sectors small to medium sized businesses and self employed people away from the. Finance minister hong said the supplementary budget will also channel money to childcare Outdoor Markets and the Health System thousands of patients are currently being cared for in makeshift facilities as the ballooning caseload has outstripped hospital capacity. For South Korean Parliament still has to approve the funding package the government aims to present the finalized supplementary budget to the National Assembly on thursday. Trying to bring in andrea hang in singapore early ballots in frankfurt and start
Welcome to daybreak australia. I am haidi stroudwatts in sydney we are counting down to asias major market opens. Annabelle im Annabelle Droulers in hong kong. Stock investors playing it safe with age and futures mixed and wall street flats. 10year treasury yields falling for the first time in six sessions. An auction draws tepid demand. Arm shares tumbling out a lukewarm revenue forecast raising concerns of the Tech Industry ai spending three spree slowing. Xi jinping lands in hungary counting ties to Eastern Europe as a boon for the chinese economy. Shery breaking news for the account balance for south korea. The trade surplus number for march widening to just under 8. 1 billion u. S. We are seeing the current account surplus also there widening to 6. 931 billion as well. We have seen quite a big move over the past few months when it comes to the you want. Yuan. We are seeing a bit of an increase when it comes to net exports of goods. We have seen a decline in manufacturing services,
This week the communicators goes to the university of michigan near detroit where Car Companies are using a new test site called mcity. Car makers are experimenting with technology that allows cars to talk to each other and roads and traffic lights so there will be fewer traffic accidents. We spoke with a transportation analyst who studies this technology and with the director of the university of michigan Mobility Transformation Center. Host so, debra bezzina, where are we right now . Guest we are at the university of michigan in what we call mcity. It was built specifically to test, develop connected and Automated Vehicles. Host and this is a fake storefront in your background here, right . [laughter] guest this is a fake storefront. Basically, it can create different scenarios for connected and Automated Vehicles. And most of them youre trying to target the ones that are difficult, and you want to test and be able to repeat. When youre out on the street, its hard to repeat consisten
Through manassas and northbound 95 to head both into quantico and into woodbridge at this point. Thats a look at the ride. Howard has our forecast, our frigid forecast. Brutally cold for this time of year. This should be cold for january. So really cold stuff. We should be in the mid50s. Well be lucky to get to 35 today. Look at the flag standing tall on the white house and also the walk monument. Just a sign of how windy things are with gusts this morning over 30. We had a gust to 40 at dulles a few hours ago. 30 at 9 00. Only 33 by noon. 35 if were lucky. Wind chills wont even be that close. The latest gusts, some strong ones out there gusting to 35 in easton. 30 at joint base andrews. Weve seen gusts to 31 in cumberland as well with temperatures this morning down to the 20s. Windchills routinely in the teens at the moment. Ouch. Officially its still autumn but today it feels a lot like the middle of winter. If you look at howards map, the temperature in cumberland 23. Gaithersburg 2
Because Dennett Nokia have a banana phone that was a little curved because didnt nokia have the banana phone that was curved . Willdont know, hopefully be different. The olympics will air on tape delay. We have figure skating, ski jump and speedskating. We go to the major question of the day. It is not jobs, apples Share Buyback, are we going to spoil . Do we have a Company Policy . Are we going to be breathless at 1 00 p. M. And say scarlet fu won the luge tournament . If you want to avoid it, you now know how to do it. Big debate 10 years ago, now it is not, twitter and all that. Ons not have any suspense our data check. It is a prejobs data check which means it is dead. 10 year yield goes to 260 to 270 in a matter of days. 2. 60 to 2. 70. Lets go onto currency markets. The vix, 21 was the worst, we have a more complacent market, 17. 23, yen backs up, weaker yen, 102. 10. Stronger,peso is down to 7. 88. Papers andthe friday the web this morning, here is scarlet fu with our front page