Industrials up 225 points, about 1 , s p is up 26 and nasdaq future higher by 84. Markets are erasing early losses yesterday as more states announcing reopening plans. Earning season rolling on this morning. After the bell, attention to disney as theme parks remain close. Investors watching Video Companies tonight. The virus taking a toll on business for sure. Golds gym latest to file for bankruptcy protection, list of bankruptcies coming up. Growing concerns over shortages of meat, cosco and other grocery chains limiting purchases now and pay to go social distance . Frontier air to charge extra for passengers who want to sit next to empty middle seat, mornings with maria live right now. Maria Global Markets this morning, green across the board. The cac quarante is up 79 and dax index higher by 174 points. Germany Central Bank President warning that quick economic bounceback in europe is unlikely. The markets nonetheless trading up. In asia overnight markets in japan and china and sout
We were seeing a bounce. A few trade and tariff exclusions will now apply on chinese goods. We are closer to reopening, and oil rallying. Some permian drillers are cutting output even as the Texas Railroad commissioner ryan sitton told us yesterday that quotas were down on arrival. We are seeing diamondback,s diamondback,seeing centennial, and others cutting output today. Guy that is feeding through into the china story, and also into what is happening here in europe. Oil and gas the best performing sector. Brent is up 11 . Higher the00 gapped first thing this morning. Eurodollar taking a knock earlier on, that big hit coming through from the German Constitutional Court calling into question the ecb qe program. That also had a fairly significant effect on btp yields. Currentlying higher in italy. The combination of the positive and the negative coming together here in europe today. Stocks higher, but we are seeing the currency coming under a little bit of pressure. Coming up, we are go
Court in germany. I really fascinating spiders web that has been woven. Here in the u. S. Come of the s p 500 up 1. 5 at 2886. A risk on tone in the market as you hear about tariff exclusions extended for up to 12 months on some chinese goods. Also oil rallying. It got up to 30 a barrel earlier. Yesterday, we spoke with one of the Texas Railroad commissioners. Wasaid that prorationing dead on arrival, but that permian producers could ration themselves. That is what we are seeing today. They have cut production today, and we are hearing that others will cut production in the next few months. We are also just getting a headline from that regulator meeting right now. Texas Oil Regulator asks producers for ways to reduce flaring. As we all know, following the story, flaring was one of the ways that Oil Producers got rid of the excess oil coming out of the ground, but it was not going anywhere. Of the regulators is asking producers for ways to reduce flaring. Crude is now trading at 23. 50
Few smiles and the magic kingdom. Disney suffers a coronavirus hit with seem parks shot, movie theaters closed, and sports on hold. Shery a quick check of the market. This after u. S. Stocks gained ground for a second day in the regular session. We have sentiment being boosted as more economies move towards easing lockdowns. Still, in the last hour of trading, there were some cautionary comments on said officials that cut gains in half. New zealand stock scanning. 8 . This would be a Third Session of gains. Therir rate. Rate. Ir we have the rba leave rates unchanged. We are looking forward to retail Sales Numbers very soon and we will see how all of that toilet paper hoarding that we saw in march is reflected in the numbers. Not Much Movement for the japanese at the moment. Tosident trump continues push the theory that the coronavirus originated and escaped from a lab inside wuhan but sources within the u. S. Intelligence Community Say the intelligence is less than definitive. That as
Simonetti is watching the markets and Hillary Vaughn is on capitol hill. Lets kick it off with hillary. Reporter melissa, Bernie Sanders is out of the 2020 race but he is not off the ballot and he is still has his eye on the Democratic National convention this summer. I will stay on the ballot in all remaining states, continue to gather delegates. While Vice President biden will be the nominee, we must continue working to assemble as many delegates as possible at the Democratic Convention where we will be able to exert significant influence over the party platform. Reporter former Vice President joe biden is now the presumptive nominee for the democratic party. Biden often attacked sanders for his calls for a Political Revolution but now today biden is thanking sanders for being the leader of a movement saying this, quote, while the Sanders Campaign has been suspended, it is impact on this election and elections to come is far from over. Well address the existential crisis of climate c