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We are looking at currencies, strength coming through for the yuan. Dollar weakness is a big factor. Of the planthe back signed off or agreed to on 0. 1 . Us, the euro is up weaknessollar again, down 0. 2 . Hade is still value to be when it comes to chinas bonds, 2. 96 is the yield the. Is the yield. Gold is closing in on 1900 an its spot price. Future is pointing to 1900 in the near future. Il down 0. 7 demandweakness is a factor. Rishaad lets get some sense in all of this. Joining us is frank benzimra, head of asia equity strategy, societe generale. Thank you for joining us. How was your strategy evolving . The last couple of months europe become bullish on , and here politics is playing an Important Role in closing the gap in terms of undervaluation. In asia we have been reinforcing the view on hong kong liquidity. Our remaining strategy is on china. Is that all down to this Re ....
The coronavirus. They say they plan to release enough tests so all 50 states can free at least 2 of their residence. Joining us from amazons home seattle,he mayor of jenny durkin jenny durkan. We doubt that seattle was one of the early epicenters but early moves prevented seeing some of the dismal numbers we have seen elsewhere. Give us a status update in terms of the Testing Capacity. Mayor durkan on the good news front, at the height of the outbreak, we had a transmission rate of about three. We were seeing cases rise really quickly. We were able to do our measures pretty quickly, first by having the Tech Companies telecommute as well as the cities and larger employers. Today, the transmission level is below one, so every person who gets the virus is not even transmitting it to another person. All of the epidemiologists are saying that is where you need to be for a signif ....
Host some of the most striking parts are if your book, your talk about behaviors, in hindsight it is easy to see the signs of addiction. In realtime it is not. Tell me about that. What i learned is not only is that true but i came to the idea of addiction with my own implicit biases. I did not think someone struggling with the drug addiction would look like peter, earning the salary he was earning, have two advanced degrees, have a successful partner and at prestigious Silicon Valley law firm. Someone struggling with an addiction was also struggling with conditions like a homeless or Mental Illness that was untreated. They were someone i would see on the side of the road living under a bridge panhandling on the subway and i was very wrong although addiction hits hard in those communities there are plenty of people at the top of the socioeconomic ladder struggling as well. Wha ....
Look, any way you take it, employment in april was a disaster. We are looking at an Unemployment Rate that is likely approaching 20 . We get those numbers, the unemployment numbers for the whole country, next friday. However, got to tell you the backtowork movement is really gathering steam. States across the nation are modifying their stayathome rules. Businesses are reopening. Oklahoma reopens some businesses tomorrow. California will allow some elective surgery. This, however, is receiving mixed messages. President trump says georgia is reopening too soon. He says he strongly disagrees with georgias decision. However, he will still leave it up to the states. Heres a positive. The Field Hospital built specially for virus patients in houston, texas, may be dismantled, not needed, underused. Lets get to the markets. First im dealing with oil. Look at this. Moving back up a ....