Want action to stop the virus fallout. Nato calls for International Cohesion on security. Consumer Price Inflation breaking out of south korea. We are seeing month on month deceleration of. 1 . The deceleration, though, is easing from the previous month when we had been pulled down and undershooting Inflation Numbers because of subsidies from the government. Also we are seeing acceleration of 0. 6 when it comes to the euro. Slightly missing estimates, but when you seek out fresh food and look at the core cpi numbers, it is still growth of 1 . Of course, we still have some spare economic capacity in south korea, but remember the Third Quarter final gdp numbers actually beat expectations, and still, Inflation Numbers are very much away from that target coronavirus pandemic raging across the world. Haidi we have just had the beginning of the testimony of the rba governor, appearing before the Economics Committee today, so be watching out for some of those, particularly regarding news on t
Arrows dow futures indicated down by about 260. Weve seen down 300 this morning. Nasdaq also down sharply down by 200 points and the s p 500 down by about 37 so significant declines after two other days of losses also playing out in the treasury markets as well. If you want to take a look at what is happening there, yields have gone down, right now the ten year is yield iing below 0. a lot of this has to do with renewed lockdowns in europe. Lets get to karen cho who has more on what is happening there. Thank you very much we are witnessing losses across the markets as we contend with more news flow around more severe restrictions. Weve been hearing the last couple hour 24s that there may moves announced later on today, reports from various Media Outlets suggesting that london will move to a tier two restrictions the london mayor has spoken suggesting that the Health Secretary will reveal the changes in the house of commons. No mingling between households currently there is a rule of si
The session, sara. Come back after two down weeks. Coming up on the show, tech investor Roger Macnamee is with us and gold strengthens, the dollar weakens and home body stocks outperform well break down the trades and themes in a few minutes with David Rosenberg. Lets focus on the key stories mike santoli watching the bounce back rally meg tirrell as the president participates in a Coronavirus Briefing and the other big Market Driver this afternoon, the stimulus negotiations in washington new details expected this afternoon. First to you, mike yeah. Sara market really is a bounce in large tech stocks that is carrying the s p 500 to the high end of the recent range. Pretty well mixed market under the surface. Those big nasdaq themes carrying we spend most of the day, interestingly enough, almost exactly at those early june eyes we were looking at for a while not sure there is any particular reason we have to sit there. 3232 is that level basically that, is where this nasdaq rally has ta
Swiss drugmaker roche wins emergency approval ceo tells cnbc it will take more time to deliver a vaccine. It will take years to develop a new medicine, so most experts agree that it will take at least 12 to 58 months until we see effects and available in the necessary quantities for patients. Travel stocks as billionaire investor saying he was wrong to buy into the sector. And the uk looks to overtake itsly as the worst hit country with death toll nearing 29,000 as rome eases restrictions while the British Government plans to ease its road map later this week welcome to street signs. Lets kick off with fresh data this is the eurozone april final manufacturing pmi. This, a number just crossing the wires. It has come in at 33. 4, broadly in line with flash estimates of 33. 6 we in terms of the detail here, the final new orders pmi, one of the components came in at 18. 8 that was slightly worse than the flash numbers at 19. 1 and marks a survey low new orders are looking very, very weak.
Record that we saw back during the financial crisis of 2000, march of 2009. Jim, stunning though the number is, of course, we also have the stimulus or socalled lets call it more of a recovery act making its way through the congress the house set to act shortly on it were going to be joined by the treasury secretary, Steven Mnuchin, about 15 minutes from now to discuss that. And so many other things in the economy. What is at the fore of your thinking as we get started with trading a half hour frau noum . The gap we have 3. 2 million that file claims obviously, money comes for them, but i want to know date that the check is in the mail how it comes, how you get it, will it make it so that Small Business stays alive medium sized business stays alive, and is it enough to keep them alive for the pandemic . Is it one month, two months . How long does the 2 trillion last because this number is so big, and i dont think its peaking we have to be sure the American People themselves dont have r