Infection rates low in tokyo but hong kong says the situation is increasingly severe. Jack ma looks to make more headlines. He is aiming for a 200 billion valuation with between listings in hong kong and shanghai. Look at how take a we are setting up when it comes to the asian open. We have a lot of positivity carrying on from that session. Investors are backing that buy the dip trend. The nasdaq hitting the alltime high. The s p hitting positive for the year. S p active futures contracts a little bit lower at the moment but it seems like the positive. Evelopment on vaccines trading sideways if you will. The dollar was broadly weaker in g10 except for the yen. We had Dollar Strength and yen weakness overnight. That is the handle we are looking at ahead of Inflation Numbers out of japan and getting machine tool numbers as well as some Retail Sentiment numbers by way of Department Store sales. Crude and gold were both a little bit lower in the asian start to the session. Some positive de
The city with 50s and low 60s yesterday. 5357 at livermore and san jose. Today upper 70s and low 80s. After today, we settle in about where these temperatures in the. The south wind at Oakland Airport. Fair followed fairfield a 26 miles per hour. A pretty good fog bank and i dont think it is going anywhere anytime soon. Temperatures will be low and probably will be for the next few days. Now lets go over to allie. Where would you like to start . We are going to start with the problem spot for much of the morning, i should say. The earlier crashes have been cleared out of the way, but you can see traffic has cleared northbound and southbound 600 80. Looking at the south bay commute, things look good and i can show you this live picture of 280 in san jose northbound and southbound, no problems to tell you about here. This is the san mateo bridge which is busy in the westbound direction over to the peninsula. The bay bridge toll plaza has been good for most of the morning. This is about i
The cash trade is an hour away. Lets get your top headlines for you off of the bloomberg terminal. Operation work speed. President is organizing a Manhattan Project file effort to fasttrack a coronavirus machine. Big pharma will work with washington and the military to develop it by years end. Lasting damage. Jerome powell voices concerns about the longterm fallout from the outbreak. Attention turns today to Christine Lagarde as economists expect the eurozone economy to pump the most since the Second World War. Grenada cuts. Norway joins opec in slashing oil output. We will see shortly what the ceo , after exxon mobil throws its dividend for the first time in 13 years. Just under an hour away now from the start of cash equity trading across europe. Lets take a look at futures here. We have gains on the euro stock. In bluechip benchmark index europe of almost 1 . Dax futures are up more than 1 this morning as ftse futures rise about three quarters of 1 . Anna . 6 anna lets talk about br
More positive. Barclays misses First Quarter estimate with 2. 1 million in credit impairments investors navigate unprecedented conditions caller what they are doing at the fed in terms of her majestys and the banks. Well watch two tsunamis hit at the same time. Investment banking provides a boost. Telling cnbc credit losses are manageable despite more pain to come this year will be more difficult than any of us anticipated. We are doing anything we can in anticipation of our risks and costs to preserve the capital that we can. Airbus blaming limited visibilityas 60 aircraft could not be delivered due to the outbreak not as bad as advertised shares of alphabet rally after the Google Parent Company said the slow down is easing, beating more pessimistic forecasts a very warm welcome to street signs this morning. Lets get a check on the european markets trading in the green. It has been a choppy session we saw the stoxx 600 slip below the flat line now. The ftse 100 up about 1 we have the
Hong kong as strength in china, europe and the americas offset the impact casino shares plunge after the retailer warns offering profit in france miss estimates as social unrest weigh on the company. President trumps impeachment trial begin with a reading of the charges as the Government Watch dog finds the white house broke the law by withholding military aid to ukraine. A very warm welcome to street signs on this friday morning. So far trade seems to be dominated by a few corporate stories. Getting into those starting with richemont reaching expectations despite a slow down in the hong kong market. Blaming political unrest for a severe sales contraction but said double digit growth in main land china more than offset the down turn. Still, sales growth did slow from 4 to 6 in the first half. Shares there almost 5 higher. Casino shares higher after cutting the forecast citing the effects of the ongoing transport strikes. The company which is Closing Stores and selling assets to slash d