Bidens agenda. He may have a different tone toward china but there may not be substance. Kiwi rise ind the early asia trading. At some ofke a look these early market reactions. Sophie kamaruddin in hong kong. Sophie we are seeing some risk on tone in australia. The aussie is extending last weeks gain as the greenback has stayed structurally quicker. Weaker. They could test that 650 level this week. The yen, the best week for the currency since midseptember. Softbank results are due this monday. We have nikkei futures in chicago moving to the upside. This after the benchmark rose to a november 1991 hi on friday. That was 37 off the alltime high that was back in 1989. New york crude is gaining ground but still staying under 38 per barrel there. Some pressure may come through in the oil. Is very much in focus after the chaotic week we saw in turkey. That is the Central Bank Governor fired there. Racing for more voluntary they are embracing more volatility there. Joe biden is projected to
Stimulus plan to really help countries in the eu. You do wind up having larry fink say if you are a longterm investor, you want to buy risk. You have the dollar seeing its worst week since 2009. May be some of the liquidity funding pressure is taking a backseat. Today we are going to take a look at the market moving news from around the world, focusing on washington, as well as new york. The house is expected to approve that 2 trillion rescue package. House Speaker Nancy Pelosi told bloomberg tv they will move quickly to get that. Rep. Pelosi will have a strong bipartisan vote that, hopefully by noon will be finished. That depends on how we have to come into small numbers to vote have we have to come in to the chambers in small nubbers to vote. In small numbers to vote. Now is kevin cirilli. What comes after that . Kevin all of the house members will vote on this to trillion dollar stimulus package. From there, the president will sign it virtually immediately into law. After that comes
Light today. Ittle a is still a risk tone risk off tone today. I want deeper action with our markets report is ranging from equities, bonds, currencies, and commodities. Small caps are having a great day, they are bricking to a 52week high. Chart. Ake a look at this our colleagues are seeing this breakout happen, the s p 500 and blue on top. The russell 2000 right there, they risk on the rally. The small caps are not so much, seeing a bit of the trading range. This is until today when we see a bit of a breakout, now that we have the small caps on board. Roomoks like we have some to roam run. Have beenn equities doing quite well, so what is the cause of this in the u. S. Equities . Its really emerging markets, you see the emerging markets index, this was from about the performancertlived of u. S. Equities reached its venous its zenith. What would make this much worse is that the biggest contributor to the emerging markets index, alibaba, was not doing well. There were shares of the tech
Standing by to deliver the stories that will drive your day. Could be weeks away from a deal with u. S. Authorities. Hans nichols is in berlin covering and is deflation a thing of the past for japan . And later on in the show, the worlds first smart racket. It is changing tennis for pros and amateurs alike. What it says about my swing. I tested out next hour. Is weeks awaynk from a deal with u. S. Authorities over lenders dealings with sanctioned countries. The u. S. May seek more than 10 billion from the bank. That would be the biggest ever sanctions violation penalty. Manus cranny is here with the story. 10 million . We were talking 5 billion a week ago. The mood is shifting. The mood is changing. Of the pond in terms of retribution. This would be the first french bank that the Obama Administration has gone after since he came to power. The severity of the penalty last week, i was saying 5 billion. It is almost like a ticker. Why . His conduct more egregious. The bank did not fully c
Weve seen during early voting. Ted cruz winning in texas, oklahoma and alaska. Marco rubio winning his first state of minnesota and claiming a string of second, and third place finishes purple Hillary Clinton winning seven states but bernie cant sanders making the case for continuing his campaign with four victories including vermont. Here are the candidates in their own words pick up. I just want to leave you with this girl i am a unifier. I would love to see the Republican Party and everybody get together and unify and when we unify, theres nobody thats going to beat us. From this day forward, let us together show that reagans love, optimism and faith in the American People were not misplaced. When i am president of the United States we are going to rebuild the United States military. [applause] what i am president , we are going to have a real war on terror when im president of the United States, we are going to take care of our veterans again. It might be unusual as ive said before