Huawei. The s p 500 down 0. 9 . Dire Economic Data followed by confidencey good data, according to the Michigan Consumer sentiment data. But we are checking the innards of those data to see what is going on there. The 10 year yield at 63 basis 28. 53, up crude at a good 3. 5 today. Lets get to europe. Germany plunging into recession, gdp falling 2. 2 in the first quarter. Bloomberg has been speaking with executives of German Companies about the pressures caused by the pandemic. Have a listen. The times are turbulent and they are complicated. The real question everyone is asking, how quick will be recovery come . The uncertainty remains. There is still very much uncertainty, so from that point of view, we remain kind of cautious. I think it is too early to call an end to the globalized world. We assume a ushaped in area into year end. We are presuming recovery on the one side, which is important. We dont know exactly how the restart and the unraveling of the current lockdowns across the
Boris johnson and his house secretary. Spains deputy Prime Minister yesterday. Huge number of cases in the u. S. 22 states now under stayathome orders as 50 of the u. S. Population is meant to be abiding those orders. Down to 73 basis points on the 10 year yield. Crude back down again. 21 point 49. Canadian dollar weaker by about 7 10 of 1 after the bank of canada reduced its Interest Rate to 25 basis points. The Prime Minister selfisolating over here, the Health Secretary selfisolating. We are all selfisolating. The brown story in the market is done and dusted. We go into a weekend where traders do not want to take risk. Terrible numbers overnight out of spain. U. K. Numbers continue to climb. Numbers around the world of those infected and the fatalities continue to rise. That story is now taking over from that meal a we focused on so much over the last couple of days. European stocks at session lows, approaching that 300 mark with a bid back in the bond market. 50 in the german tenye
In the early part of the session, not just the yield curve that dom mentioned but suspensions of dividends from very large european banks this morning as well. And you have the great interview with michael as well talking about that bank and everything hes seeing through that lens, too the other thing in focus, real estate, worst performing sector in the s p today in what is a down day across the board for the major averages coming off the worst First Quarter for the dow and s p ever the other thing im looking at is crude were seeing crude prices come off again after not only the worst month but the worst quarter ever in terms of price fall for crude, lost more than 66 if in the first three months of the year prp you also had the industrial numbers, manufacturing numbers out of europe that didnt look good either john, what are you watching today . Its hard to find good news among tech stocks this morning so much is down. I think its worth having a broader conversation about where we go
Contain the spread. Successful emergency surgery james dimon undergoes emergency heart surgery, temporarily handing control of the largest u. S. Bank to his lieutenant. Reports are he is recovering well. Morning again from berlin. Im matt miller. Nejra cehic is out. Manus cranny is live in vienna. We are going there to the opec plus meeting. Incredibly important meeting as you will see in a moment when i show you the oil price in just a few minutes from now. I want to check on first off the number of data points after the big slump we saw in risk assets yesterday. There is unusually no sign of a. Alance typically after 3 , 4 slump on indexes, you see a bit of a bounce. We are eight and a half hours away from the open of live u. S. Trading. Nonetheless, u. S. Futures still down again 1. 25 . In just a to manus moment. Crude oil at 45. 43 a barrel, and the yen, which was really looked for me when i across my asset price worksheet the yen was 105 handle, safeng a real fleet to haven asset
Out. But right now, just one quick s p indicated up about 18 points that would also put the s p at question for you, target missed and raised questions about this. Was that a target specific an interday record problem . It looks like holiday sales were the nasdaq up about 55 also pretty good. Yeah. Putting it at an interday and target was able to maintain record the futures all comfortably margins. Meaning, they ran out of above that right now inventory on some issues they werent overstocked on some of those things. I dont think it was a problem the yield right now in the with the consumer. Walmart did well, right walmart had good numbers amazon had good numbers. 10year below 1. 87 . I think its problem. Welcome back, everybody. Take a look at the futures emblematic of problems they had the dow, the nasdaq and s p 500 in a few areas specifically china premier speaking out all set to open at new intraday electronics and tois not growing as much as they thought. Levels well see you tomor