The dollar still strong against currencies like the euro, but the commodityrelated currencies are performing really well in the em, as well as the g10 space. Time now for todays market moving news from our london and new york teams. We want to start with the markets after we have u. S. Futures rebounding. Joining me on the phone is bloombergs dani burger. The question i feel like, last week we saw the bottom, now feels off the table. Every day people are saying it is the bottom, it is not the bottom, but the picture continues to change. There is so much uncertainty. A bit of a lift in markets today. It is really the Energy Complex helping lead the way today, getting a boost from china beginning to buy oil for their state reserves. But any upside today is likely to lack conviction. Stocks in u. S. H fields are really starting to march higher. A slight backandforth in terms of u. S. 10 year yields, no moving lower after being just slightly higher today. Then you have to keep in mind that
Be affected by the virus. And sanders pushes biden in his First Network interview since endorsing joe biden. The senator tells us why he thinks all of his supporters should vote for his former rival. But first, heres todays eye opener, your world in 90 seconds. The battle continues, but the data suggests that nationwide we have passed the peak on new cases. In terms of the key steps we have to have in place to reopen the economy. If you had a magic wand, what would we need . The absolute thing that you would need is to be able to respond and contain whatever rebound you get. Another 5 million filed for Unemployment Benefits last week. In a fourweek span, more than 22 million americans filing for unemployment claims. Massachusetts senator Elizabeth Warren officially endorsing former Vice President joe biden for president. If he asked you to be his running mate, would you say yes . Yes. U. S. Navy now says iranian vessels tried to harass american war ships in the north arabian sea. Dange
They have been choppy for the dow over the last few minutes. Theres your picture now nasdaq outperforming yet again up for the fifth time in six days all of it factoring into the debate liz young, bny melon director. We want to begin with stock. We have been all around a little bit. We are green aacross the board the dow is towing the line what is this action telling us about where you think we are and where we might be going on day with we got another tom lee who said not only is the bottom in, were in a bull Market Recovery reflect whing what he told us on this program the other day i like tom, i respect his research i dont disagree the bottom is in it doesnt mean were not going to see it again. I think the rally is pretty fragile. There hasnt been a good reason to rally up to this level. I dont think its unreasonable to see well see another 10 to 15 pull back before we get a decisive and durable move upward the list of things that could surprise the market is much longer than the li
Im julie haener. Im Frank Somerville tonight working from home. Lots of new developments to tell you about this evening. Governor newsom has put out an urgent call for doctors to help treat the expected surge of coronavirus patients. The governor says the number of people in the hospital in california has now doubled and the number of icu patients has tripled in just the past four days. Across the u. S. More than 3,000 people have now died from the outbreak. Among them the first u. S. Service member, a new Jersey National guardsman. Today the Navy Hospital ship comfort arrived at new york harbor to ease the burden on hospitals by caring for people not suffering from covid19. At the White House Health and Human Services secretary alex azar said the u. S. Has tested more than 1 million coronavirus samples, more than any other country. He also says the u. S. Is now testing nearlysamples a day. Experts say the u. S. To test between 100,000 and 150,000 patients a day to contain the virus. S
Whole foods having a sickout today. Are they the new american heroes. Media went after him after his white house speech, all that and so much more on making money. Charles so it has been a mixed session on the street. We erased early losses, uplifting thoughts from dr. Fauci, social distancing and march Consumer Confidence report, much better than anticipated. Later on it was a news conference, Governor Cuomo and other governors out there giving us sober reminders of the current circumstances. So how should investors approach this market . Joining me now, Katherine Rooney vera along with Devine Capital ceo, dani hughes. Kathryn, let me start with you. You could argue if the dow is off 1000, even 2000 points it, might not be a big deal all things considered. So in a way it is a moral victory but how do you navigate these new waters . Well, charles, no one can price the bottom, thats impossible, so those who divine that they can it is just an i impossibility. I have been telling my clien