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Hotspot while infections in india rise at the fastest pace in asia. Zealandsnks new postvirus recovery. We are joined this hour by the rbnz governor, adrian or. Orr. Haidi lets take a quick look at markets. We saw that exuberance over the Moderna Vaccine progress really dissipate quickly. We saw the late session swing when it comes to trading in the u. S. As it has concerns over the efficacy data from moderna causing some concern. Take a look at the futures in asia. We are seeing downside when it comes to futures trading in japan, australia, and hong kong, although we are looking at a little bit more of a positive open when it comes to trading on the mainland, and just also keeping an eye when it comes to Energy Markets as well given that we are starting to see backwardation between that june and july contract for the wti, suggesting some of the storage issues have started t ....
Basket size and looks at the issue of what happens when you are able to open and a lot of your competitors are not right i think Doug Mcmillan has the four stages of, lets say, the opposite of grief and acceptance its more like acceptance and euphoria at the beginning theyre stocking up. By the end theyre buying tvs. He laid out a course that i felt was very, very optimistic. But not that optimistic for anybody who competes with him. When you hear what hes winning in, its every category that the Small Business guys do its the bicycles. They have the good tvs going boutique games owns all of that now he owns video games now. There wasnt anything that i heard that did indicate that you go to walmart instead of a Small Business david, doug was very interested in the fact that you bought your pullup bar there, that you might ....
Tom wti is leading down, no question, francine, but i would look at the remarkable decline of floating oil, global oil, brent crude, well under 20 a barrel now. For it to sustain under 20, a splint to me how some of these nations move forward. You were talking in the last hour with the tourist rector of greece. I dont know if oil is good or bad for the tourist director of greece, but 20 brent crude does not get it done for a lot of other people. Francine i mean, i think the price of oil is secondary. If you are the greek minister for tourism, he was very careful because he wanted to speak to other nations to see if it was ok. But do you issue a Health Passport . How do you do with people congregating in lobbies . A thirdce, it employs of their population. Now to bloomberg first word news with viviana hurtado. Viviana a new strategy to expand coronavirus testing from the white house, that is our beginning on first word. States rec ....
[bellringing] tom the perspective here as in so many different nations is the dead of the hospital workers. For the nhs, over 90 people have died during this pandemic. In the united kingdom, how is the view, the perspective of the nhs changed . Silence the minute of where we saw boris johnson, the leader of the opposition, and the city grounding to a halt for one minute across the country to commemorate the 100 people who have died these are have died. These are key workers, people from transport, not only nhs. Many times over, ministers were asked about the number of key workers who had died and very few knew what that number was, so this follows a pretty explosive local tv network speaking to one of the sons of the key worker that died from the nhs, saying we really need an apology. This was welcome to unite the nation at a difficult time for the government to answer questions. Tom the symbolism we see as a general pandemic update, there is lots of good news. I know viviana will have ....
Wiped out. Were back to where we were right after the financial metdown. A lot of people are wondering how many arrows are left in the feds quiver. The president is taking Emergency Action of his own. He is already Restricted International travel. Of course for School Systems across the country, comprising now better than 11 million kids, theyre closed and a lot of kids sort of have to, technologywise do their classes on their home computers. I can tell you as a parent of a couple teenagers good luck with that. Meantime the Global Impact is clear, as one market after another sells well off into bear territory. Deirdre bolton following all of that. Bolton, we are jolten. A tough start to the trading day. The fed seemed to make more traders anxious than not ....