Open. We are seeing curve flattening in the bond market, although btps moving earlier on out of coming from the ecb suggesting that stimulus may not be forthcoming in the near future. The cable rate also tracking lower as well, 1. 2911. Still north of 1. 29, but yesterday we were north of 1. 30. We are down by 0. 8 . Alix lets get back to the virus resurgence in europe. Italy reporting over 8800 new cases yesterday. Leaders from the u. K. , germany and france all weighing in. For londoners and to all who work in our great capital, i want to say thank you for what you have done to suppress the virus once. We now all need to play our part in getting the virus under control once again. I am convinced that what we do and dont do now in the weeks that are coming will determine how we get through this pandemic. We can see that the curves and the infection figures are pointing upward, and some cases quite quickly. A government which is absolutely committed to be divided, that is what the Busi
The dollar gaining some ground after paring losses after that meeting. Fx sellinging asia off, especially the renminbi after reaching may 2019 highs. There are signs perhaps the currency is being overbought. Expecting boj, boe, and Bank Indonesia today. Those currencies and focus. Watching the bond market as well put it did not get adjustments on qe from the fed. We saw the 10 and 30 yield spike coming off a little now but that did lead to earlier the yield curve steepening and coming off a little. We are watching brent crude as well as wti. Also saw off some of the highs we saw overnight. There is optimism for demand but that is also losing some of those gains right now. Tom lets get you up to speed with some of the first word News Headlines and other stories. President trump says a Coronavirus Vaccine could be just tribute it widely as early as october, contradicting statements by some of his top health officials. The head of the centers for Disease Control and prevention told a Sena
Wrong and world will end on june 21st that means that the central bank will inject at least another 100. 00 trillion dollars of money if not 3. 00 or 4 trillion dollars afia money what could be more bullish for stocks and bonds wow this is going to be an epic rally could hardly wait. Well thats just kind of a joke but this next headline is not a joke of course and this is that we saw on friday of last week that a bankruptcy judge mary walrath just approved hertz request to issue new shares now remember hertz is bankrupt as we told you they declared chapter 11 bankruptcy which means that shareholders will get nothing but share prices rocketed by up to 50600 percent they keep on going up and down then the judge approved the plan when the creditors came and said basically they wrote in an application to the court basically saying theres some maniacs who are buying this bankrupt company and we the creditors have the full rights in courts in Bankruptcy Court so if these people are willing t
A day once they declare bankruptcy so conspiracy theories claim mayan calendar was wrong and world will end on june 21st that means that the such a bank will inject at least another 100. 00 trillion dollars of money of 3. 00 or 4 trillion dollars afia money what could be more bullish for stocks and bonds wow this is going to be an epic rally could hardly wait. Well thats just kind of a joke but this next of mine is not a joke of course and this is that we saw on friday of last week that a bankruptcy judge mary walrath just approved hertz request to issue new shares now remember hertz is bankrupt as we told you they declared chapter 11 bankruptcy which means that shareholders will get nothing but share prices rocketed by up to 50600 percent they keep on going up and down then the judge approved the plan when the creditors came and said basically they wrote in an application to the court basically saying theres some maniacs who are buying this company and we the creditors have the full r
For common ground. Try max factor this is the kaiser report excellent news for stock market bulls looks like the mayans were a little off in their predictions the world is ending ending soon and nothing could be more bullish for stocks stays of course if you look at the stock market over the past month weve had some extraordinary days especially for companies that declare bankruptcy right this is the new adding dot com or a blocked chain to the end of your company name and it sends your stock price soaring in particular weve seen like a lot of companies go up over 100 percent in a day once they declare bankruptcy so conspiracy theories claim mayan calendar was wrong and world will end on june 21st that means that the central bank will inject at least another 100. 00 trillion dollars of money if not 3. 00 or 4 trillion dollars afia money what could be more bullish for stocks and bonds wow this is going to be an epic rally could hardly wait. Well thats just kind of a joke but this next h