The overall death toll the coronavirus nears 50,000 globally. [indiscernible] 100,000 military body bags for civilian use. U. S. Officials say china concealed the extent of its outbreak, but futures rise in europe and in the u. S. After the worst drop for the s p 500 in two weeks. And President Trump voices optimism that russia and saudi arabia will end their oil spat soon. Brent and wti each jumped 5 or more. You can see here a 20 jump over the past three days. We are just under an hour away from the start of cash equity trading in europe. We will take a look at where futures are trading now. We have, in terms of european slighterder gains then we had in the u. S. If you look at the dow jones and s p 500, they are each up about 1. 5 in terms of futures, so bigger gains in the u. S. Picture , though further away from the open of cash equity trading. What does it look like on the gmm right now . Just had numbers come through on the u. K. House prices, i will come to that first. House pr
Tom we see that within our data. Yields lower, curve flattening. But i really note the commodities ace that the commodity space, the linkage to em, the faction yesterday, all of those tied together. One of the great barometers is west texas intermediate, trading , at a 20 price. Francine . Francine i have a similar data check. Taking a tumble after regulators pushed to access payouts. No payouts, no dividends. Stocks falling in europe. Investors are looking at the worsening america coronavirus figures, pretty horrific numbers that we heard from dr. Fauci and President Trump yesterday, and they are trying to assess the impact of the pandemic on corporate profits and dividends. The dollar climate with treasuries. I am looking at a couple of other things. Withe dollar climbing treasuries. I am looking at couple of other things. Economists are becoming less convinced about the potential for a strong snap back and growth. Saudi aramco you were mentioning it the oil supply surging above 12 M
Well. We are in a grimmer america and the trend we are seeing in this pandemic, what do you observe in london on this wednesday . Iancine more than london, wanted to give you context on the rest of the u. S. It is a different market in the u. K. , many more homeowners and people do not live as much as in the u. S. Paychecktopaycheck. In the markets, we do not know what will happen because all of the rent due in the u. S. In the credit markets, regulators are racing to deal with this. They have more than 1. 5 trillion in outstanding debt, something we need to keep an eye on. Tom emerging markets front and center. Right now, our first word news. Viviana President Donald Trump is largely giving up his optimistic tome and warns tone and warns the u. S. To brace for one of the toughest wretches ever. The corona stretches ever. The coronavirus could kill 240,000 people. Overw york, the death toll 1000, new york state reporting over 75,000 confirmed infections. That exceeds the place where th
Again an extraordinary year to , look forward to. Thank you so much for being with us. There is much to talk about in the next halfhour. I want to talk about your new effort, thinking about immigration and what it means for the fabric of the nation. We must talk about the central bank. We have to talk out the markets. You have been the gloom crews great pinata. They love to go after you in good times or bad times. You cannot possibly go up and once again confounded not only off the gloom of last december but confounded over one year, two years, five years, 10 years to good and substantial equity returns. When does it end . Abby well, tom, first of all thank you for having me here for this discussion. The gloom at yearend 2018 in many ways set us up to a good start to 2019 in markets. One thing that concerned about is how happy everybody is at yearend 2019. I think what is priced into the market now is an economic scenario that seems to be the most likely. No recession. The economy perk
Goldman sachs and has worked with the Cfa Institute. An extraordinary year to look forward to. Thank you for being with us. Much to talk about in the next halfhour. I want to talk about your new effort, thinking about immigration and what it means for the fabric of the nation. We must talk about the central bank. We have to talk out the markets. Gloom accruesthe great pinata. They love to go after you in good times or bad times. You cannot possibly go up and once again confounded not only off the gloom of last december but confounded over one year, two years, five years, 10 years to good and substantial equity returns. When does it end . Tom, first of all thank you for having me here for this discussion. The gloom and 2018 him anyway set us up to a good start into money 19 in the markets. One thing im concerned about is how happy ever but he is at year end 2019. I think what is priced into the market now, is an economic scenario that seems to be the most likely. No recession, the econo