All week, weve been introducing you to the changing industry today. We are talking energy. Worldwide exchange begins right now. Good morning, good afternoon, good evening wherever in the world you are watching starting on the high note. Dow futures up about 150 points right now. On the first win streak in a month. Now today, what we call a quad rupa witching friday what does that mean . The singlestock options, futures and index options and futures. Why should you care . When all those things expire it is often associated with extra volatility just something to watch. Didnt narrow a bit. The same as they were at 10 at 0. 72 green arrows in asia overnight chinese stocks up and early trading we are seeing green on the screen to round out their weeks. Germany, france and uk all higher by just under 1 right now. In trade news, there is a report this morning that china plans to accelerate the purchase of u. S. Farm goods to meet the requirements with a trade deal following talks about top d
On a friday in june, this is a huge deal. For me, the headline of the week was qantas in australia delaying International Flights into october. Madame lagarde is on that calendar. Im sure what she is saying come and much of what we saw in the United Kingdom yesterday, is lets get to it and keep the fiscal stimulus pressure going. None of these people are standing aside and relaxing. They clearly seems to be the message. Francine 100 . If you look at the shift of a lot of the language of the Central Banks, they see the range of forecast tilting slightly to the downward compared to where they were months ago. We will have plenty more on the markets. Lets get to first word news in new york city with ritika gupta. Upika china plans to speed purchases of u. S. Farm products to comply with the trade deal. Beijing will buy everything from soybeans to corn and ethanol. Purchases fell behind because of disruption caused by the coronavirus, and the countries have been sparring over the origins o
Decidedly range bound. I guess phase one is back on, but i have zero confidence in that. It is just interesting to see the back and forth, and it is not just the bolton papers. It is the whole backandforth between beijing and washington. It is a friday of confusion. Jonathan it is a friday of confusion. A friday of hope over in europe, as well, as leaders discuss stimulus plans. I think the formal negotiations begin right now. They certainly dont in later today. Lisa no they dont, although we might getting some kind as far as who is pushing back and how close they are to agreeing on this 750 million euro fiscal stimulus plan. That is ongoing right now. The other thing i am watching today, i am looking at the baker hughes u. S. Rig count at 1 p. M. After will prices have risen 11 so far this week in new york. It will be interesting to see whether rigs are coming back online. And today we hear from jay powell, eric rosengren, loretta mester, and randy quarles, who is going to be talking
Galveston in 1865, or maybe tulsa this weekend the president. The bolton papers a distraction in washington. Around that, we continue to look at economics, finance, and investment. We have a terrific guest in a moment. To frame all of this is the Interest Rate market. I loved what you said in our previous hour about the continued confusion. I am also trading this june 19 like it is the end of the have, june 30. Jonathan it has been really confusing over what is happening with the United States and china, especially when you throw what is happened with trade. We need to see it in the data. That is my point of view at the moment. Lets see if it comes through in the data. Phase i actually looks like we achieve something. Of delete august mood, course, just the amount of business being done in equities. Lisa abramowicz, you see that in the bond market. What is the distinction you see in the quiet and full faith and credit . Lisa this has been the story for the year, suppressing the borrowi
We will talk about in a next hour as well. We will be speaking about juneteenth and what companies should be doing to improve diversity and inclusion with vivian hunt from mckinsey. A big event here in the u. S. , lots of events participating in that in the holiday. We will break that down and what it means for renting for u. S. Companies as well. This could be the Third Largest none december exploration on record for Macro Risk Advisors founder. She will be joining us. We also have all this volatility into the squad winching dust into the cour quadruple winching. How does this play out . One of the trends we have seen in Options Market over the last several years that has is that folksated are vying incredibly short dated options, the shortest, as short as one day. Leaderboard is that it expires in one day. It is a unique way of trading. I would not say it is gambling, but it is not exactly investing either. A lot of the stuff rolling off was put on as late as this week. When we looke