Australian government is slowing down. It is flat in the session. The jci and jakarta composite index just started off its trading day. Dollar index moving to the upside. Sterling is flat at the moment after gains. Those gains coming about after we got brexit talks being extended to the end of october. That is adding some optimism that may be a deal could be done after one of the chief eu sides comingid see close together at the end of last week. Crude oil and gold moving to the downside as we have limbo in regards to the fiscal package or stimulus package out of capitol hill. Lets have a look at what is going on in terms of the first word news as we get over to new york and join Karina Mitchell. Karina global coronavirus numbers continue to make headlines with the u. S. Reporting record infections for the second day in a row. The white house saying the administration is not going to control the crisis. the news comes as Vice President mike pences chief of staff tests positive. Withe h
Else, stimulus optimism. Pelosi and mnuchin are set to speak again. Airline stocks are up. Plus the race for a cure and treatment for the coronavirus. Shares of regeneron and eli lilly are rallying, both asking the fda for emergency use approval for their antibody therapies. And speaking of surging, look at shares of ibm this morning, moving up on plans to spin off its it infrastructure unit Arvind Krishna and Ginni Rometty will both join us first to discuss this historic move for the company. Carl we are awash in headlines from the president after this 55minute interview. But buried in there are discussions about the progress of stimulus talks and emergency approval for the likes of lilly and regeneron. Look, i think that there is a narrative that were going to start hearing and it was the president s narrative, he voiced it, i know if youre george ancopolous, you dont want to hear it is a cure. You want to hear it is something that is part of a cocktail of things that you need to be
Happen late. These briefings of course have been quite controversial with the president sometimes contradicting the scientists standing right next to him and also pushing treatments that have not yet been proven. The president as of yesterday has started urging americans to wear masks, saying to do so is patriotic. All that said, stocks, mixed picture today. Tech leading the losses. Abigail doolittle has been breaking it down and watching the action. Abigail another jittery day and another day where this is not a satisfactory answer, it does not feel like a satisfactory answer to some. It is very hard to say that yesterday was risk off and therefore you had technology and stayathome leading, and today is risk on. If it was a strong cyclical rally and the sectors that were higher were those cyclical sectors such as energy, financials, industrials. A stronger gain has to do with that tech laws. Nasdaq down 1 . More jittery action, that tells you lots of uncertainty as we head into the st
Are in charge. Nothing is able to put a dent in the rally at the moment. What is happening on the s p 500, futures contracts. We are called higher by about. 3 . We have new sanctions from china off the back of that, we saw a little cut back, but overall, a positive picture. It is all about earnings as we look ahead to pepsico later on in the afternoon, the impact of the coronavirus in focus and adjusted etfs fall 23 could be on the cards. The german bund, largely pointged, negative zero 46. An unwinding of some haven demand, italian bonds slipping. Shaping up. The dollar, weakening against g10 peers, about 1 5 of 1 and copper is a standout in the commodities space. A bit of a rally on the way in the Industrial Metals overall, coming roaring out of the blocks. Also because we are looking at potential supply risks because covid19 has laid low mineworkers in chile. Its get to the first word news. s Electoral Commission says incumbent andrzej duda is set to win the countrys president ial v
Theres no better place than to be in the u. S. To step back and ask what do we have achieved in the last. Years when i look back i see that in the last years europeans have begun to understand that they can in a european way that we must pave our own way to stay relevant in the 21st century for me is in the way europeans are changing the way they look at themselves and starting to see you are as capable of being strong and being sovereign. We europeans often do not see ourselves as being powerful when you look at europe you probably see facts you see 450 million citizens you see 27 countries united around a common political project. You see a quarter of the gdp. You see the bigger straining blood and probably we hope you see diplomatic power. When we europeans we look at ourselves we often do not see this power. We see we sold out divisions disagreements. Consensus on important decisions. And this is changing. It is changing because of my front president is putting a lot of energy the