The 3 trillion weve spent plus a trillion dollars more. Thats about 20 of gdp. Thats absolutely historic, and were prepared to put more money on the table softbank returns to profit with a 12 rides se investor shares soared towards the top. Sales grew by 67 in the Second Quarter. Stock markets here in europe have been trading for about an hour so far, and the direction of trade has been very firm. Weve seen a very decent rally play out after initial gains thats now translated to a pop of 1. 7 on the benchmark index, a fair amount of green at a stock level sector level and by industries you can see how the core markets are faring today we did see some early gains in the german stock market, and that is now actually outpaced by italian stocks taking the charge french and german stocks slight underperformance again by the uks stock market, just 1 3 4 of a percent yesterday. It was curious we saw the german stock market, one of the laggards which is typically not the case, but certainly re
Not a surprise if you look to see whats happening with the shutdown of the economy, the forced shutdown because of coronavirus. Taking a look at the tenyear this morning, it looks like that is yielding about 0. 735 at least on the last time i looked at the boards it was. And then wti is the other big story today. Joe also mentioned opec plus deal it was an historic one opec and other nations agreeing to cut Global Oil Production by onetenth. Well talk about this in a few minutes. Wti is up by 1. 5 to 23. 11 a barrel. We have a huge lineup of squawk newsmakers including Mohamed El Erian, Richard Preston and dr. Scott gottlieb starting in a few minutes. Andrew thanks, becky hope everybody had a great weekend. Lets bring everybody an update on the pandemic. Of course, the number of confirmed cases in the United States now more than 557,000 and the death toll is more than 22,000 there are 190,000 cases in new york state with more than 9300 deaths that means new york alone has reported more
Not joe biden, Elizabeth Warren, or even impeachment, its recession. Carol and 2020 is sure to bring about the great antitrust awakening. The question is not just whether to break up Companies Like facebook, google and amazon but how the laws are enforced. Kailey much more ahead. We begin with joel weber. 2020 start of a new decade, what , are the big things we needed we need to be watching . Recession . You hit a couple. Recession is one thing everyone is really wary of. It has huge implications for the Trump Presidency and the u. S. Economy and the Global Economy as a whole. So our interest to gives a survey of the World Outlook as a whole. 2 growth is what has been a projected for the u. S. But , theres always a chance of it being revised downward. It comes down to the u. S. Consumer is capable of. In many ways, the Global Economy is on the back of the u. S. Consumer. Carol we go from the economy to elections. You guys cover that rightfully so. And the u. S. Is not the only place wh
Es to an Airline Business decision. In terms of reducing their flight schedules. We are going to try to scramble and find a flight. Reporter if you have plans in the coming days keep this in mind and keep an eye on your flight. Our goal is to have the runway reopen by friday, september 27. They are on schedule. They should hit that 27th deadline or may be coming in early. The bad news as you might have seen is the airlines seem to be feeling out what kind of capacity they can run through sfo with that runway down. We reached out to the airlines to ask them what kind of scheduling accommodations they are trying to make even the runway being down. They replied with an explanation they are trying to help everyone who has been displaced from their flight. People are getting waivers for free extra legs of travel. The feeling out here is that the airlines are trying to figure this out. Dont be surprised if we continue to see more delays and more cancellations the next couple weeks. As they t
Night. Lets go, baby. Lets do it. Reporter its the last home opener of the season for the raiders at the oakland coliseum. Cant wait. Im so excited. I feel like its christmas day. Finally opening day. Reporter beginning at 2 00 p. M. , gates opened and the tailgating and barbecuing kicked into high gear. We always come big and get booed out, have a great time, try to get everybody in our area to kick in and have fun. Reporter win or lose, oakland or vegas they can go to egypt, im a diehard raider fan. Reporter but it is bittersweet for many fans. Were kind of sad. Its the city of oaklands fault. Reporter and some a little sour over the latest Antonio Brown drama. A. B. Is a chicken head. Could have been you, a. B. But no. Youre too chicken. Youre no raider. Never will be a raider. We dont need a. B. Antonio brown is a distant memory. Who . Whos Antonio Brown . Never heard of him. Chicken head. Im a collusion guy. Reporter for this fan who claims to be raider jesus tonight, no mercy on