How oil fits into the microeconomics of this great contraction. It is remarkable, francine, to see how the markets churn yesterday after you and i were justen we saw the fed simply come to the rescue. There is no other way to put it. Francine and the markets keep saying dont fight the fed. That was a Good Opportunity for market participants. Expecting a 60 figure, better than expected. Bloomberg first word news in new york city. Here is ritika gupta. Ritika good morning. President trump is weighing an infrastructure proposal worth nearly a trillion dollars to spur the u. S. Economy, according to bloomberg sources. The plan would reserve most of the cash for traditional work such as roads and bridges, what funds would also go to 5g wireless and broadband. Existing funding is up for renewal at the end of september. It is one of the largest of occasions north korea has made to south korea in years. Grownnguns regime has that blown up an entry Korean Liaison Office on the side of its borde
The opecplus curbs doing little for the global glut. The virus drags on demand. Policymakers are focused on the Economic Impact of the virus. We will hear from a policymaker later this hour. Shery we are seeing downside for u. S. Futures. This coming on the back of a second straight week of gains. We have seen coronavirus cases start the United States to stabilize. We are seeing coronavirus debts and cases here in new york coronavirus cases here in new york start to decline. Brent is down. There was a loss of 8. 5 on friday. There is a gloomy outlook on oil prices, wti at the lowest level on record. Haidi we have been listening into President Trump speaking at the daily Coronavirus Briefing at the white house, talking about additional testing and stimulus and conversations with the democrats coming close to a deal. President trump saying Vice President mike pence will be helping having discussions with u. S. Governors when it comes to shortcomings in testing in information will go ahea
Continues on a global scale. A worldwide their market, the 11 year bull run here is over. The dow is heading to the 22,000 level. A month ago it was 29,000. It is the fastest selloff in history. The s p will hit bear market territory at the open today, down 20 from the february high, the same story with the nasdaq. More money is still moving into safe treasury securities pushing the yield down to 0. 69 as of right now. The latest news on the virus brings its impact home to all of us. Sport dramatically affected. The nba has suspended the season indefinitely. A few days ago they banned reporters from locker rooms. Now the whole sport is shutdown. The Seattle Mariners will not be playing any home games. The early baseball season is in question. There will be an announcement later on the nhl. Social distancing is apparent across the country. You can see it and businesses are feeling it. Theres a long list of conference and meeting cancellations that is barely hurting airlines, hotels and
Very, very first new years eve celebration that is we are going to get throughout the hour on mornings with maria. Weve got a big show this morning, joining the conversation michael, Founder Michael lee, market analyst francis and real clear politics cofounder president tom bevin. Happy new year, guys. Happy new year. Cheryl weve had a phenomenal year. Typically when the market moves people get hesitant, just thoughts to stay positive in 2020, so in the summer of 2018 the market actually had roughly 10 below here, going off into the end of 2018, i think that spells well for 2020, this could really keep going, its been a good decade for stocks. Cheryl francis a lot to watch obviously for you this year, its been a blockbuster year. Its been a blockbuster, whats important is the catalyst that kept the market going, we kept getting news on the front and the fed keeps injecting money into the system which is good for equities. Cheryl i think its 2020, though. For sure. We have politics happ
That era would have been impactful. He was the guy who put their ideas into steve jobs pushing him through to make them products now at a point their products are less revolutionary and more evolutionary i know a servicedriven model less about every year some really slickly designed new hardware device. Five years ago the stock would have been down 5 on this news i think youll see a sort of muted reaction. Youre seeing it down only around is which i guess is surprising what im concerned about apple they would be some trade war dynamic but a competitor around 600,000 does that a iphone could do. The other part of this would be app store and do people need to go to the app store and talking about that Services Revenue to what extent are there alternatives out there if anything apple has been on a regulatory pressure for that very dynamic those are the things that have me the most worried. Dan pointed out no evolution under jony ive the last number of years and evolution people are talkin