Case of virus elements as well, but not nearly as worrisome as we thought before. There are promising treatments on the way. We will talk about half a dozen cleared for takeoff, in face two, phase three trials. Not all of them but, prompted the president is optimistic that vaccine or some type of treatment would be ready by years end. The surge we saw in china, shanghai index notching a 6 gain. Highest momentum it has not seen in a better part of a month. Youre seeing similar robust gains across europe, european continent, optimistic even in more problematic places things are picking up. You have the good Economic News and good take over news. One in the food delivery arena. One with whisperings to come, initial Public Offerings and followup offers could become all the rage. This is interesting subset market too heady for folks right now . Share later in the broadcast by sheer statistical measures it is not, it is not too frothy. A view youre not often hearing people are worried when w
The tech index on the s p 500, you can see that reflected in the nasdaq losing at another record high. Not only do we have amazon and apple and nvidia higher, but tesla, people had turned their back on it a year ago, impressing all the way. Taylor i should have been the buyer at take private share price is where i shouldve been. One other comment about this market, financials. Citigroup is up 6 , wells fargo off 2 or so. 9 area really getting a lot of financials, particularly consumer facing stocks off 5 . A bank off something up to 9 certainly catches my attention, as we have been talking about this rotation into the valley naturals the financials. A reversal today. Caroline it really is when you are seeing the bond crescendo across the board. 10year yield down almost nine basis points. This is feeling into the pain today. Citigroup private Bank Investment officer, going to see so much continued bond buying from the fed . If you think about it, you have got two contradictory forces. O
And then limits the healthcare and economic devastation of the coven 18 pandemic some other parts of new york city have been very hard hit and suffering more deaths than other states in the country millions have lost their jobs and incomes with the Economic Impact for things to the wall street reform the nations Banking Sector but the initial impact of the crisis to restructure mortgages but ive had serious concerns of the i heimplementation with a Small Businesses thanks to the hard work of chairwoman waters and velasquez, the ppp program in the latest installment. So how long the nations banks and Credit Unions can endure the Current Crisis. And with a pdf i to overcome the challenge of the crisis. And over the objection of the new york delegations and the impact of the new York City Taxi drivers are already reeling from the pandemic. First i would like to thank you for being here today and your tireless efforts and respond to the covid19 crisis it is my hope we can have a meaningful
When the adp is released for last month. Take a look, tripledigit gain right out of the gate. The s p is up 15 and the nasdaq higher by 39. The easing of lockdowns raising hopes of economic recovery and fueling markets again yesterday, s p 500 and nasdaq up 3 days in a row with dow up 267 points at 4 00 oclock on wall street yesterday. Mark zuckerberg defends leaving President Trumps posts up. Investigating the origins of the russia probe, Rod Rosenstein testifying before the senate today, he approved the third and final fisa renewal to surveil carter page. Mornings with maria is live right now. Global markets this morning with a firmer today. Take a look at indices. Cac quarante in paris 89 and as lockdowns ease up encouraging nine the euro zone meanwhile. Take a look at euro zone purchasing Managers Index up from 12 in april to 30. 5 in the month of may, thats certainly what was one of the fuels for this market rally in europe this morning. South korea announcing additional 29 billio
Debt as collateral for loans as eu leaders meet today to discuss a 2. 2 trillion revival plan. Loan provisions jump at Credit Suisse as the lender builds reserves to withstand the coronavirus pandemic. We will speak exclusively with the banks new ceo just after 9 00 a. M. Hopes forrs crafted higher profit in 2020. And the earnings deluge continues. Revenueetting hermes out, down 6. 5 percent, which does not seem quite so bad all things considered. Anna we are getting numbers out of unilever as well, so the earnings daily continues. Things not looking great for unilever. Delucia the earnings deluge continues. Growth of zero, so 0 . The estimate was of an increase and itr just over 2 , seems on pricing and on volume they missed estimates. Pricing looks to be lower than estimates and volume looks to be lower than estimates. That seems to be where we are on the top line. They are also saying they are withdrawing their previous 2020. Uidance First Quarter underlying sales slack, as i mentio