1. 17. Of tech has a lot international exposure. Man,ll hear from catherine Citigroup Global chief economist, and the head of Public Policy research. Is kevin cirilli. Tell us what is in the stimulus bill and when we can expect it to happen . We have new details regarding Senate Majority leader Mitch Mcconnell and that republican proposal we are expecting in the next couple of hours. Unemployment benefits for 70 of workers. That has been a controversial element of this package. Democrats are dug in and say that is not nearly enough to provide Economic Relief for individuals. It will provide another round of 1200 direct payments as well as funneling money to schools for reopening and funding for expanded virus testing. Willdition to that, it allow for Liability Protection oor businesses that are going t incentivize workers to come back provided that they take safety precautions. Democrats are saying that they are dug in on the notion that they want to see much more funding to underserve
Situation is what President Trump sought to do. He saw a positive Market Reaction from a geopolitical standpoint. The president calling on the international community, on nato , on russia, on china to work with United States to further isolate iran. Lastly, the president taking aim at the jcpoa, which he said in a terms was paid for with missile strikes within the last 24 hours. The iranians paid for that with the cash they received from negotiating with the obama administration. That was clearly a political undertone and will clearly be dissected by the 2020 president ial contenders. David the important point is no u. S. Lives were lost. It looks like they are deescalating. There have to be political ramifications for the president and for the people who would like to take his job. Who might this benefit in iowa . Kevin in terms of where this goes and who it benefits, you have seen joe biden date in on the issue of the jcpoa and the Public Comments in the last several days has called
And more. The nasdaq rally rolls on buoyed by apple which reports tonight and united ceo set to testify on capitol hill this morning. What is at stake for the carrier and the industry . First up the president s comments about considering breaking up the big banks, created a lot of buzz yesterday on wall street. Jim, the point was made he doesnt often talk about the big banks, talks a lot about community lending, but that did give the markets a bit of a scare. Was it deserved . I think that the president when hes in front of particular audiences likes to say the things that the audiences want to hear. This audience does not like the big banks, feel like what happened during the Great Recession was far too much concentration in the hands of wells fargo in the hands of jpmorgan and bank of america, but remember, those were really at the behest of the government. They were trying to make sure that everybody was able to have a bank that worked and we didnt have a collapse. So to undo it whi
Borenstein. Amanda lets check in with our Bloomberg Team for indepth coverage. Miller in berlin as german low, andp to a record andr current enda curran simin demokan. David we begin in london. Mario draghi and company have begun buying Corporate Bonds. Lets bring in guy johnson. What do we know if anything about which bonds they are buying . Guy they are looking for the most liquid bonds. This is a new phase for mario draghi and the ecb. It is looking to step up its program, boost its Balance Sheet, trying to get money in different areas of the economy. It is buying the most liquid names in the corporate sector there, anheuserbusch. They have been buying spanish telephone companies. Liquidig names with big pools of Corporate Credit that they are stepping into. The Bond Buying Program has been rippling into other assets so you see it affecting the equity market. Affect also. Year buy aroundoking to 5 billion each month, and we will find out where. That the market has been front running
Providing clarity off of Janet Yellens fumble . Markettelegraphed to the that the rates are going up and he did not. The fmoc meeting and everyone is doing it. Those goggles are weird but theyre cool. We will get a snapshot later on. ,mba Mortgage Applications, 8 30 a. M. Durable goods orders and capital goods orders at 9 45 a. M. That is the Market Services pmi, purchasing managers index, Art Companies spending money . No earnings to speak of today. However, king digital will start trading this morning. These are the guys who make candy crash crush. 22. 50 which falls in the range. This will be trading about 10x earnings. We will interview the ceo of zacconi,tal, ricardo the man of the hour today. How about a data check . Currencies,onds, commodities euro dollar was at 138. The ruble continues its strength. Theyear yield Australian Dollar continues to show some strength which is a back story to the week. The president is set to speak in brussels. Russian weakness, ruble weakness, the