Gains in the region today. The csi 300 has been up 6 in the past five days, the biggest months. N four margin traders have returned and the stock rally is kicking off. The hang seng up 133 points. We are seeing the dollar slightly weaker, but marginal. We are watching the aussie, in t he red here now. They are all over the place. Aussie, j. P. Morgan saying expect low 60s. It is difficult to model the recovery we are seeing. Number more positive. We are watching oil, coming off of a four month high and likely to end the month in the green. Gold with four weeks of gains. Tom the u. S. Senate has given final approval to legislation that would impose sanctions on chinese officials, cracking down on dissent in hong kong. Page in his warning a strong countermeasures if the u. K. Act in response to the National Security law. Warning a strong countermeasure if the u. K. , australia and the u. S. Active response to the National Security law. In the measures appropriate the senate at this point
Of the pandemic. Well talk to mayor of miami about what his city is doing to get back to business in these very tricky times. Power lunch begins right now bob has more on the markets today. Bob. Were grappling with that right now, four to one advancing to declining stocks. The market continuing to believe the primary thing affecting them is the rope ieopening the market believes its going well you heard about the president s tweet. Is that heetsing up. There are people questioning over the weekend any need for more fiscal stimulus saying we sit back and see what happens at this point thats an issue. Three of the four, an issue over the weekend. The russell 2000, small cap. Were seeing banks, retailers doing well were seeing transports doing well today those are airlines this is all the roping stoe ing and the market believing that is koptsing. Most markets are at the highest level since early the first or the second week of march were not seeing dramatic break outs its the same old nam
60 billion kiwi dollars. It is projecting a contraction of its gdp in the Second Quarter to 21. 8 . New zealand maintaining its benchmark Interest Rate at 0. 25 , all pretty much as expected. The rbnz has been at the forefront of supporting the 0. 5 already. Ates under a lot of pressure for this fiscal stimulus, as weve been saying, to double to 60 billion kiwi dollars. Facing a lot of scrutiny on whether to take rates to negative. We will see if it does that later on. For now, keeping rates steady. Kathleen bring in hays. It does seem like rbnz did exactly what the markets expected. Absolutely. There was no changing sentiment in the key rate. 75 basis points move in midmarch, that emergency front, the rbnz saying they are prepared to cut the cash rate further, taking it lower, then that door gets opened even wider. They are saying that the balance of economic risk remains to the downside. Forhey are looking contraction in secondquarter big that would be quite a hole to fill. They are
Days, weve seen the dow up over 1,000 points a gain of 553 yesterday and 529 points on tuesday. Looking this morning at the dow futures indicated up another 105 points we are back above 25,000 for the First Time Since march when watching the dow s p is up just under a point the nasdaq down around 54 points both of those indexed were hire yesterday as well. The 10year looks like it has been yielding around where weve been around 0. 677 we will continue to watch this this morning we have a lot of big guests coming up. Now to the moment weve all been waiting for. Joe and andrew, ill send it over to you. What moment would that be well be in a twoshot we are good we spoke yesterday we are good. You didnt have much time. We made the news. A few comments. People seem to have differing opinions he wasnt able to talk much. We were moving on. He had zuckerberg. We dont have time to dwell. Weve been together 10 years longer than many marriages we have our moments but we will disagree but not be d
Markets. Lets look at what they are telling us in terms of risk out there burden out there. The market is focused on things we will see in the gradual reopening and what that means. Yesterdayarting since , also looking at oil. Is moving to block a Retirement Fund buying chinese stocks. It will give us more of an idea about whats going on between the u. S. And china. Plenty more on your markets. Lets get to bloomberg first word news. , confusion over Prime Minister Boris Johnsons plan to get people back to work. Londons chamber of commerce is telling businesses not to change their plans. Companies are also asking for guidelines on what protective equipment can bought to buy. U. S. Won the battle to ramp up its Testing Capacity according to President Trump. More than three to thousand daily tests are being conducted. An Conference Also saw exchange with reporters. Areral reserve officials saying rates may go negative. They dont see the tool being used in the u. S. , it says it will start