April 2, 2009
Posted: 1430 GMT
Weekly jobless claims in the United States jumped unexpectedly last week to their highest level in more than 25 years. A few months ago, the Dow Jones average would have plummeted. Today, we have triple digit gains. Hong Kong's Hang Seng index shot up 7.5%. European markets are in a party mood.
World leaders wanted the headline coming out of the crisis gathering to pack a punch: a trillion dollars injected in the world economy through various means, mainly by tripling funds to the International Monetary Fund. And it worked. Are investors starting to believe the worst is behind us?
We'll go live to London for more on the G20 final communique and how the measures will play out in the real world, beyond the class photo and the news conferences.
We'll also address the rift between France/Germany and the "Anglosaxon capitalists" and the debate between more stimulus versus more regulation. Leaders may be presenting a united front today, both those fundemental differences are far from being completely resolved.
Speaking of the class photo, Canadian PM Stephen Harper missed the first sitting. Two other leaders were absent from the second sitting. Should we be worried the 20 leaders can't get together long enough to take a picture?
We'll also cover the latest demonstrations in London and what appears to be North Korea's last preparations before a rocket launch. The American President and his South Korean counterpart in London made statements about the upcoming launch. We'll bring you that as well.
All that plus the rest of the day's developing news, all at noon EST/6pm CET.
See you on TV,
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