U. S. Trading after west texas futures end in negative territory for the first time ever. Ups sees some light at the end of the virus tunnel. The ceo tells us ecommerce is almost thriving compared to traditional sectors. Lets take a look at the oil lets get to sophie kamaruddin, who is taking a look at highlights for us in hong kong. Sophie the relative resiliency of the markets we have seen of late have brought several benchmarks in the region of asia into bull market territory. That will be tested in the face of this oil rout. Futures. Eing mixed nikkei futures in chicago while kiwi stocks are extending mondays drop. Lets switch up the board to check in on signaling perhaps the recent optimism and equities may be unwarranted and this money, gold resuming losses but still closer to its high of the year than it slows that were hit in february and treasury futures are now unchanged after we saw the u. S. 10 year yield with alltime lows on monday and the dollar little changed as well wit
Robert redfield saying that americans have likely brought down the number of deaths. Surgeon general today, sharing in some of his optimism. I feel a lot more optimistic, because im seeing mitigation work. I believe well come in under the projection as long as we can continue to do our part for 30 days, staying home, avoiding unnecessary travel, not gathering in large groups. Lou today the president made it clear he and his administration are committed to taking unprecedented acted to rescue small american businesses and to save millions of american jobs while sustaining the economy. The Small Business administration extending 225,000 guaranteed loans, amounts to 70 billion so far. Treasury secretary Steven Mnuchin will request another 250 billion from congress that will be added to the fund this week, President Trump hints cell notee long before this country is back at work. The greatest economy in history, and anyone has had, one day, they say you have to close it down. Because we ha
Selling but the glut looms over the market. The politics of the pandemic. The u. S. And china continue to trade barbs over their handling of the crisis. Washington says the world has been let down. Breaking news out of south korea. We are getting First Quarter gdp numbers quarter on quarter, seeing the biggest drop since 2008. Young talking about a contraction of 1. 4 . It is still a little bit better than expected. The expectation was a contraction of 1. 5 but it will still be the First Quarter on quarter retraction since 2009. The year on year number rising 1. 3 , is also bigger increase and was expected. It was expected it would only gain 1 . It is also growing this rise of 1. 3 year on year coming after growing more than 2 in the past two quarters, so it is still a slowdown from the previous quarter. We are seeing manufacturing taking a big hit, a contraction of 1. 8 for the Fourth Quarter and also contraction from the previous quarter. We are seeing the hit on retail trade, accomm
Pandemic models have projected, Robert Redfield saying that americans have likely brought down the number of deaths. Surgeon general today, sharing in some of his optimism. I feel a lot more optimistic, because im seeing mitigation work. I believe well come in under the projection as long as we can continue to do our part for 30 days, staying home, avoiding unnecessary travel, not gathering in large groups. Lou today the president made it clear he and his administration are committed to taking unprecedented acted to rescue small american businesses and to save millions of american jobs while sustaining the economy. The Small Business administration extending 225,000 guaranteed loans, amounts to 70 billion so far. Treasury secretary Steven Mnuchin will request another 250 billion from congress that will be added to the fund this week, President Trump hints cell notee long before this country is back at work. The greatest economy in history, and anyone has had, one day, they say you have
Pandemic models have projected, Robert Redfield saying that americans have likely brought down the number of deaths. Surgeon general today, sharing in some of his optimism. I feel a lot more optimistic, because im seeing mitigation work. I believe well come in under the projection as long as we can continue to do our part for 30 days, staying home, avoiding unnecessary travel, not gathering in large groups. Lou today the president made it clear he and his administration are committed to taking unprecedented acted to rescue small american businesses and to save millions of american jobs while sustaining the economy. The Small Business administration extending 225,000 guaranteed loans, amounts to 70 billion so far. Treasury secretary Steven Mnuchin will request another 250 billion from congress that will be added to the fund this week, President Trump hints cell notee long before this country is back at work. The greatest economy in history, and anyone has had, one day, they say you have