A headline that i found actually was geek boy from ireland and he tweeted at us and he said christ report fake customers in the restaurant an illusion of demand theres a kaiser report analogy in there somewhere and he was referring to an artsy headline that one german restaurant has found a solution to maintaining social distancing on his reopening manikins the family run businesses fail tables with plastic people in order to keep customers apart and create a vibrant dining atmosphere that is not creepy at all no not creepy. No its like that film airplane remember if they had the blow up pilot. Yes my ear. Yeah all kinds of mr fall out catch that film very missing well yes the potemkin villages in Northern Ireland during the crisis make it look like stuff was going on but there was Business Activity where there were no Business Activity so this illusion of demand is key to our modern economy because its demand 1st then supply is lay people think about supply 1st the demand like are goi
Last ten minutes or so and finally, optimism around the possibility of new stimulus. All of that helping the market up about 1 on the s p 500 as we stand. Coming up on todays show, big moves in the banks space and Goldman Sachs is bringing workers back to the office well talk about that with the president and ceo john waldron and Michael Novogratz will lay out the risks he sees. Mike santoli is tracking the Market Action and a pair of key faang names holding their annual meetings as tech underperforms today and mike, start us off with the Broader Market and the action were seeing right now. Yeah, so weve been talking about this rotational activity away from the big growth winners into all other areas of the market that are more sickly call and smaller. It is really happening in a benign way so far. Sometimes the baton can get dropped in the handoff but it is towards its highs so kind of stalled out at this area, but below the surface, equal weighted is up close to 5 so it is kind of st
Folks theally shows weekend that we go into, it is midmay. I believe the calendar says its may 15. Part of that debate is the tension about june being upon us and even beginning to consider july. What i notice in my friday reading is that there is, including mr. Macron, there is this huge attention about this pandemic forward. Francine it certainly is and how you distribute all the medication. Lets get straight to the bloomberg first word news. Bless you, tom. Good morning, francine, tom. China denying it try to cover up details of the coronavirus outbreak. Beijing says it did not know until january 19 how infectious the new disease was. China says they release that information the next day. Chinese the federal government is out with new guidance on how to reopen bars, restaurants, and workplaces. Of cdc has outlined a number steps, among them, including social distancing, and how to tect coronavirus cases. Germany has ended a historic recession with its biggest month in over a decade
Throws its weight behind the World Health Organization and says any vaccine success will be shared by all. President xi says cooperation is vital. It was really this help vaccine help on this vaccine obnoxious safety but also the immune response effort to see vaccine that really de u. S. Stocks higher. We did have the s p gaining more than 3 . U. S. Stocks surging the most in six weeks on the promising early results. That has led to a pretty steady sense of positivity. We are seeing u. S. Futures as well as trading in new zealand. Australian futures among one of the asian features that are trading up by over 2 . In fact, the highest since march 11. We are seeing highs for hong kong and japan futures going into the start of trading in asia. Lets get more on china. Xi jinping is promising to make any Coronavirus Vaccine universally available once it is developed. This as he reiterated beijings support for the World Health Organization. The pledge is part of efforts to defuse criticism of
Federal reserve bank because what Charles Saatchi did what he specialized and he maybe he copied others before him but he was a show man and doing this as he would buy up junk junk art and then announce that he Charles Saatchi had bought junk art right and therefore he would make a fortune and dumping this junk are onto other people well this is kind of what the Federal Reserve bank is now doing is they are literally now buying junk theyre starting as of just a few days ago to buy junk corporate debt in the in the e. T. F. Market Exchange Traded funds so before we get into this i want to show you how its how you could turn junk into great art now a lot of people want a special show just for stakes use hair so i was inspired me to come up with an art show right here is stacys hair looking surprised on purple usually im responding to something max has said. You know this is me being shocked at something youve said this is stacys hair on yellow you know card looking kind of oh dear max ha