Good Tuesday Morning im Carl Quintanilla with david faber and jim cramer coming to you live from separate locations this morning coming off that 7 rally and futures build as optimism about flattening the curve goes into a second day more talk of another round of congressional stimulus oil up about 2 , as we await the opec plus meeting and exxon slashes capex about 30 . Mnuchin and kudlow on the tape this morning saying the white house looking to reopen the economy as soon as Health Experts give the green light but thats going to be met with skepticism today look, ive got to hand it to them in terms of trying to make it so theres enough money for small and medium sized business to get open. Theyre doing it theres no limit to what theyll give i think the Community Banks, no limit to what theyll lend i really like that the other side though is the customer and weve got to find a way for the customer to feel confident i know i will feel continue if i dent when i see everybody else wearing
A baby factory. And in sports 2 of europes top strikers clash in Champions League football tonight violence from a dusty so called form but with talk of a superstar hurricane by whites as picture showed you some of the cops in the. Im phil gayle welcome to the program prodemocracy protests and hong kong time to coincide with celebrations marking the 70th anniversary of the founding of china have become violent one protester is in hospital after being shot in the chest by police this video appears to show the moment took place officer 5 years had got at close range protester was treated at the scene before being taken to hospital his condition is unknown it is the most serious incident in my. Demonstrations in chinese territory today and china rallies began thousands marching in the streets if obama tough cocktails were thrown demonstrators also threw eggs into horseshit chinese president changing. Correspondent shot chelsea palace in hong kong when i spoke to a short while ago police h
Checking with equities on the cpi print really playing out in some senses. Its a bit of a core reaction to it by equities, but tech dragging the Hong Kong Market down, in particular. That is the yuan at the bottom of the screen. Trading the onshore yuan. Theres a look at chinese or should i say, Hong Kong Markets and tech as well. Yvonne its not just the yen against the dollar, we are watching most of these majors, especially when it comes to the euro. The end this weakest than stew thousand eight against the common currency. We are eyeing 145 for dollaryen right now. Joining us now is our effects and rates strategist, michael wilson, with more. We are getting close to those intervention levels now. Are we really focusing on this now . Are we likely to see anything . Michael good morning. Just above this 145 level, i would think not. I think we have to Venture North of 146, 146, 148. It would have to be done in quick fashion to get the ministry of finance hot and bothered. The way that
The anticipation builds for what we could see from the poster child of Artificial Intelligence is really high. Ahead of all that, what we have for markets is the digestion of a bit of the fed speak. We are seeing Japanese Equities underperforming because we did get some trade data. It shows the trade deficit in the country and shows how the week yen is weighing on the value of imports, perhaps, perhaps obligating things further. The bank of taiwan is outperforming, but its really about nvidia, which tracks the question, the extent in which we see in earnings upward supplies, if this will impact the broader market. We heard from Morgan Stanleys chief u. S. Equity strategist weighing in on this. Take a listen. Ai is everywhere except in the numbers. Nvidia has been the big winner so far. There have not been another a lot of big winners. A lot of spending going on, but it has not trickled down in a way that is rising the whole tide. Theres a lot of ai dollars out there, and they are being
The asian trading day getting underway, dow hitting 21,000 finally. S p seeing its biggest gain figure, all on these expectations we will see march move from the fed. All sorts of action in the asian trading session. Japan punching through aching resistance level. The question is whether Hong Kong Market will join in on the party. Malaysia and singapore getting online. What lets check in on the markets. Lets take a look at this chart on the terminal. Japanese benchmarks in poll position with the nikkei 225 and topics tracking the dows rise, this as the yen trades at a twoyear high, a 50 month high potential with little resistance in its way. Lets look elsewhere in the region. Korean shares also rising 8 10th of 1 . Factory output rising 3. 2 on a monthly basis. Over in australia, index up over 1 . Thanks and miners banks and miners following their australian counterparts. Report of china curbing output of steel and aluminum to reduce pollution. A ceo contact potential move a game chang