Gains in the region today. The csi 300 has been up 6 in the past five days, the biggest months. N four margin traders have returned and the stock rally is kicking off. The hang seng up 133 points. We are seeing the dollar slightly weaker, but marginal. We are watching the aussie, in t he red here now. They are all over the place. Aussie, j. P. Morgan saying expect low 60s. It is difficult to model the recovery we are seeing. Number more positive. We are watching oil, coming off of a four month high and likely to end the month in the green. Gold with four weeks of gains. Tom the u. S. Senate has given final approval to legislation that would impose sanctions on chinese officials, cracking down on dissent in hong kong. Page in his warning a strong countermeasures if the u. K. Act in response to the National Security law. Warning a strong countermeasure if the u. K. , australia and the u. S. Active response to the National Security law. In the measures appropriate the senate at this point
Resolved as soon as possible. They said that they have collaborated in good faith with tulsa to address the safety concerns with the thousands of employees. Tesla is charging production clearly violating the Public Health orders workers and semis caring electric cars were coming in and out of the plant in fremont and the parking lot was full. And in response the county officials said that they notified tesla and they could only maintain asic operations until we have an approved land the hope that tulsa will comply without further enforcement measures. Tesla is restarting production today and we will be on the line with everyone else. If anyone is arrested i asked that it is only me. Do i want elon musk arrested . Absolutely not. Do i want his employees escorted out by police . No i dont. Reporter Scott Hegarty said that may 15th was the target date for tesla to reopen. General motors and ford plant to reopen in the United States, tesla wanted workers to return earlier to prep car parts
Traders are concerned about the swelling global glut and the lack of storage. The skies are darkening over japan as the coronavirus bomb the dimmest view on the economy for a decade. We have that this hour. Shery breaking news at the moment. We are hearing from treasury secretary mnuchin saying the u. S. Has no current plans to create a Federal Reserve facility to inject funding into nonbank or gauge servicers. This of course as we have seen recent government moves to help the firms get through the risk of borrowers missing their mortgage payments. Again, treasury secretary mnuchin saying he has no plans for lifeline. Lets now bring in our congressional government reporter, emily wilkins, on the line for more on what we heard from President Trump as well as Vice President pence on the latest efforts when it comes to handling the impact of the coronavirus pandemic. Emily, so secretary mnuchin saying that he has no plans for mortgage servicer lifeline. He says the steps are taken by agen
Of infections outside main land china has surpassed those confirmed within that country. The w. H. O. Says as of monday at least 167,000 people have contntracted the virus worldwid. More than 6,600 have died. As i italys outbreak contininuo grow more European Countries are boosting efforts to isisolate themselves. French president Emmanuel Macron says his country is at war against an invisible enemy, hes ordered people to stay home for the next 15 days, only leaving when necessary. Anyone who violates the lockdown will face punishment. Britisish Prime Minister Boris Johnson told people to avoid nonessential travel. He is pressing people to avoid Public Places including pubs, restaurants and theaters. The European Union is looking into a 30day entry ban for anyone entering the region as member countries move to further tighten border controls. Germany has barred people from five nations, including france and switzerland from crossing g the e border. The ban does not affect daily commute
Im Adrian Finnegan this is counting the cost on aljazeera a weekly look at the world of business and economics this week recession why an emergency fed rate cuts just isnt good enough to save the Global Economy from the impact of the fast spreading coronavirus as the World Bank Offers billions to developing nations to support Health Care Systems inside a lab thats working to find a vaccine to fight the virus and Oil Companies in the republic of congo have discovered vast oil reserves but drilling could be environmentally damaging. The worlds factory has been shuttered supply chains have been broken flights of been grounded tourism decimated thats the real world consequence of the coronavirus and the epidemic has yet to peak outside china growth could this year want the o. E. C. D. To 1. 5 percent from its previous forecast of 2. 9 percent growth below 2 and a half percent indicates a global recession as markets crashed Central Banks stepped forward to say that they were ready to suppor