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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Filed under: Today At The I-Desk

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Rui Durão   April 2nd, 2009 4:29 pm ET

A trillion dollars... huuhh! That's a lot!

Nam(South Korea,Busan)   April 2nd, 2009 5:14 pm ET

Pretty Good Start !!!

Dr. Manfred Buch   April 2nd, 2009 5:29 pm ET

Dear Hala, Dear I-Desk Team,

Naturally, I very much appreciate your presentation. Thanks you very much indeed ! However, today something went extremely wrong … . I’m living and working in the Republic of Macedonia for 8 years. Honestly, I’m a friend of this country. However, the combination on reporting on the G-20 Summit in London and the advertisement spot on ‘Invest in Macedonia’ together appeared to me as something like ‘tragic comedy’. Please, the spot on Macedonia is a pure ‘computer generated dream (= MATRIX) world’, and the situation here is worsening every day … also due to the causes that caused the G-20 Summit … 😉

Please feel invited to Macedonia, Skopje, Ohrid, Stip, etc. to see the REAL WORLD with your own eyes. Meet those well-educated youngsters who prepare to leave this territory every day … .

Kind regards from Macedonia,

Lost in London   April 2nd, 2009 5:34 pm ET

The "trillion" is now the new "Million".... we have very quickly surpassed the "billion", which was the magic number for the first set of stimulus packages! For the sake of us taxpayers, I do hope the "trillion" injection works. I am not looking forward to another global meeting of powers to be, where they decide on upping the game to a "quadrillion"!!!

Bill S   April 2nd, 2009 11:30 pm ET

The I-desk can take a picture,but the G20 can' t ? show who' s on the ball.What would you do without young Richard.There not much anyone will do to the north for there rocket launch.
Take care
Bill S

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