Becky is off today all breaking fivemonth win streaks with the dow the big loser. Still a good quarter i should say a very good quarter. The dow gaining 7. 5 take a look at u. S. Equity futures this morning lets show you where things stand as we speak. The dow up triple digits s p looking to open higher nasdaq about 140 points hire overnight, Tokyo Stock Exchange suspended trading after a glitch blaming a hard wear problem followed by a failure to switch over to a backup device. The first fullday closure of the tokyo markets since trading began in 1999. Too much partying like in 1999 also in 1999, the year after was the year 2000. That was the last time the nasdaq had two quarters as good as this. It has been 20 years the nasdaq was up 45 . So it has been pretty unbelievable yesterday, we had worries about coronavirus. Even in new york and elsewhere where there is high infection rates. We had sort of just the aftermath of the debate, which people said was unsettling just watching then
Lots of interesting things going on today, but the number one thing without question is a deteriorating take in the last hour, and what is front and center in the United States is a reaffirmation of the first wave of the pandemic. Other issues on the virus worldwide, including in india, for example. Bombay shifting to really grim news out of delhi, a flareup in tokyo as well. Isthe United States, there no other topic than this pandemic. Jonathan totally agree. Claims 30 minutes away as well. We face elevated long unemployment. What we need is a clean reopening so we can bounce back quickly, and hopefully the temporary job losses dont become permanent. From an economics perspective, that is why the pandemic and the fragile data in states like texas is so worrying. Reopeningins the process. If it reverses it, worst case an area, we face a lot of pain for a lot of people. Tom i am going to suggest you put separately the pandemic and claims. I would like them quite closely together, in tha
The g10 space. All european bonds selling off and oil getting wrapped up into all of that. We want to highlight all the market moving news from our washington dc offices. Washington, where you have President Trump speaking last night at a fox the conference about responsibility of china with the pandemic. Pres. Trump we have a pretty good roadmap right now. , we have to 60 protect his people. Maybe they stay back longer. But i think you can have it both ways. I think a lot of people want to go back. They just want to go back. Alix Kevin Cirilli joins me now with more. What else did we learn from the president . Walk this forward now that the senate is coming back to d. C. Today. Kevin good morning. The president in that fox news town hall making a declared a statement as it relates to negotiations with lawmakers, saying he would not support any economic stimulus lesson it includes a payroll tax cut. Drawing aent clearly line when it comes to a payroll tax cut. Predictionssed the for th
Lets take a look at what is been helping foment further gains across the asiapacific. That is the futures contract for the s p up to tens, hang seng three tens of 1 . And the nikkei has buoyed a bit. Also the topix doing rather well. We have a cna a tad week. Looking at that as we do. Also the yen, and the boj. 41 day since the boj came in and bought a sizable chunk of stocks in the japanese market. Someat stealth tapering, people are arguing because the yield on the 10 years unchanged. The yield has been lurching lower eight basis points. Weekhas been put less a and see what is going on in regard to the haven stages. The learn not willing to look at and take on risk right now. This is of course after the Election Results or we saw the landslide victory when it comes to democratic camp. She was talking about how she is ready to listen and stands by previous stances on protest demands. People who felt that our government has not handled, deadly the legislative exercise and its aftermath
Decade, peloton tracking lower thats straight ahead. Stephanie is back. Some encouraging signs on the economy particularly in housing. We talk about this endlessly about the consumer being strong, manufacturing being weak really benefiting from low Interest Rates home sales at a 32 month high. Thats impressive. The other thing is nasdaq is up. This is where the momentum is in our economy. People are wondersing about the consumer i think its a very good sign. I own dr horton, home depot, stanley, black and decker. Im in this trade for sure dr horton is the home builder. We were talking about valuations youre talking about 12 times earnings, one and a half times book value i think theres a lot of pent up demand especially if rates stay low. You have the whole new generation, millennials starting to buy more. S p and dow down 0. 1 russell and nasdaq down more lets go to the ipos we went to peloton wild week for Companies Looking to go public and some names have already recently hit the ma