Florida sees its biggest oneday rise, some of hollywoods biggest names test positive. And chinasotest crackdown in hong kong seem to have spurred a reaction at the ballot box, voters have turned out in the hundreds of thousands. Lets look at how the week is setting up in asia. A pretty positive lead, asian stocks will keep the rally going. About half a percent after the u. S. Stock rally extended that weekly gain on friday. The s p 500 outperforming the nasdaq for the first time in two weeks. That bifurcation will continue. Nikkei futures up 0. 3 . Trading in chicago after a three i Third Straight weekly decline, continued concerns about another wave of virus cases in tokyo and elsewhere in japan. 1 ney futures setting up for 1. 6 higher. New zealand, blue signals when it comes to trading kiwi stocks after that threeday selloff, up 0. 7 . The level of Foreign Investors piling into the kiwi market suggests we will see further outside with that golden cross, crossing the 200 day dma patt
Those friday afternoon activities. Lets get over to reggie with news of the day. Thank you, mike. California is entering stage two of reopening today. It is only affecting a certain amount of counties here in the bay area. Lets take a look. Napa, sonoma, santa cruz and solano will follow the governors orders or at least orders that are pretty close to it by reopening many more stores today. Abc7 News Reporter Amy Hollyfield is live in downtown napa with what it looks like there. Hi, amy. Napa and sonoma you can get Curbside Service, pickup. The owner of this boutique says thats not enough. She needs people to come in here and browse. She is really struggling. She needs people to get in here and shop. But napa and sonoma at least are complying with the states new order. Most of the bay area isnt even doing that. Under the new orders, some Retail Businesses like stores that sell toys, books and clothing can partially reopen. Curbside service only. Calamity janes owners says she is trying
Reported. New york state reported its highly daily death toll highest daily death toll yet. President s briefing will start at about 5 30. U. K. Prime minister Boris Johnson remains in the icu in the british hospital for the third day in a row. And nasdaq are climbing today. I want to bring in keith. One day is up, one is down. The only thing we know for sure is the daily case counts. What indicators are you watching to determine what kind of day its going to be . Keith its amazing, the daytoday swings and the volatility. Weve seen since chutess are some green shoots. We are watching search interest in real time to see if there any indication of that picking up, and weve seen that come down week over week. Has positive development come against Monetary Policy that is just quite extraordinary, where the feds increase in Balance Sheet of near 1. 5 trillion would have boosted valuations in our framework by quite a bit. Served against a backdrop of very underweight positioning, where inves
Romain, stocks rising and volatility dropping, so why now . Romaine the good thing, if you are looking for a Silver Lining here is we did not have huge price swings. We had up and down days with swings of 4 or more, something that has never happened since the great depression, so a day like today where we only lived half of a percentage point is considered to be a relief for investors. We saw volatility measures like the vix and volatility measures on other risk assets come down a little bit. They are still elevated on a historical basis, but by not having these swings it gives investors a chance to parse what the value of things really are, entryybe try to find an point. We saw sustained buying in the names that we used to see in the oldgrowth days. Some encouraging signs. Not a monster day. Not close to erasing the losses we have had, but a little bit encouraging today. Emily in the meantime, we are getting breaking news out of the fed, the fed saying they have seen an increase at th
Technology. Coming up in the next hour, secret project. Have a team to working on Satellite Technology to be an Internet Services to devices. It will allow it to bypass Wireless Networks. Latest. Plus a pay raise. The reins, akes receiving a 242 million exception package. Details. Ve and big tech in 2019. Of the ent from one most anticipated ipos to a floundering company just survive. O we look at what it faces in the new year. But first to our top story, loomberg was the first to report that the iphone maker has a secret team working on a Satellite Technology. To find new ways to bring data directly to its devices. According to people familiar with the matter. He company has got a dozen engineers from the aerospace antenna Design Industries working on the project with the hope of deploying their results years. Five for more i want to bring in bloomberg technologies. What do we know about the so far . We know its top secret. Its operating like a startup inside apple. Has the ear of tim