Industrials, financials leading the way. Energy up 8 . David, if you can believe it, oil has been all over the map, the energy index nearly up 100 since its march low. So investors all in on the day, david. David abigail, they may be buying the news because they didnt have a rumor. Abigail yes. David possible rotation out of bonds. Are peeping leaving bonds because they like equity so much . Abigail they are. The 10 year yield is backing off the most ever, up about 28 basis points on this week, david. Oday alone, nine basis points. Inverse to price so that telling investors going out of bonds and that money today does certainly seem to be going into stocks. Whether or not that dynamic will continue, money out of bonds and into stocks, is to be seen. But if it does happen and today it appears to be happening, it could suggest that there may be another leg to this most heated rally ever. The s p 500 up 40 into today, a forecasting tool on what proved to be a very promising jobs report, e
What secrets lie behind a small screen. Discover new adventures in 360 degrees. And explore fascinating World Heritage sites. T. W. World heritage 31615 hours now. Reserves speaks out in an exclusive interview on b w news they had a very minis biggest Industrial Company shares his views on world trade the coronavirus protests raveling. Also coming up the trade war goes airborne as the Trump Administration moves to block Chinese Airlines from flying to the United States and the coronavirus has shaken up the corporate world bring you the latest list of the worlds top 100 companies. Im chris cuomo welcome to the program 1st off though after a marathon round of negotiations germanys Ruling Coalition parties have agreed a 130000000000 euro Economic Stimulus Program its one of the biggest rescue packages in the nations history to address the economic damage of the coronavirus pandemic the package includes a temporary cut in value added tax a one time payment for families with children and Lo
Will bring change in the country. We want to show you again sky 7 because i dont think ive seen a crowd this big in a very long time. Again, very young people gathered here, but not only young people, older folks. Families are out here. And if you couldnt be here or you didnt want to be here, they ask that you at least bring something. I want to show you earlier today people responded by bringing water. They brought snacks, face covering, hand sanitizers, and thats how they showed their support. Now the crowd im told will stay here for a bit. It is a very large crowd gathered here in the mission. Then they will march to the Mission District police department. And i have to tell you, i havent seen Many Police Officers in this area. Now i want to also mention that todays event was inspired by the march in oakland a few days ago or earlier this week, also organized by young people. Now lets hear from the organizers of this event here in San Francisco. So my and other folks from oakland pu
The p. M. I. Well dive deep into this in a bit. Look at the boards. The dollar still holds on to the retreat. That is helping some asian currencies out there. Ere holding on 706. We were near the 100day moving average. Were siegristance now that the dollar seems to be hovering around the twoweek lows despite the fact but were seeing the dollaryen pretty much at 168 but seeing at least six days of gains so far for the japanese currency. Watching oil price. We see it climbs once again. You are seeing w. T. I. Futures. 4 higher for brent crude. Gold snapped out of four dives declines. It is largely unchanged. Hovering around 62 basis points now. We have the First Official gauge for chinas economy in april. Weakened again. Investors are waiting to see what steps the pboc may take to bolster the economy. Our guest from citigroup joins us this morning. What is your assessment of the p. M. I. Data that we got. Nonmanufacturing. Manufacturing below the forecast. Still in expansion territory. A
15,000. Take a look at the kospi. We are focused on samsung earnings. Samsung warning of a profit slide as this virus squeezes the tech industry. Samsung shares largely after the results came out unchanged. We are watching out for the singapore jobless numbers coming out this hour. 2. 6 , an 11 year high. We see this recovery momentum coming back in offshore chinese stocks. The moving average yesterday when things close, and we are higher here today. Bank of china among them. Dollaryen, a little strength. And some strength for the korean won. Oil remains the story, but take a look at volatility. When it comes to oil contracts, we are leapfrogging of june to july and seeing wild gyrations. We have bounced back after wti auched 10, but we lost quarter of the value when it comes to crude. It looks like volatility will continue. Into julywill roll with the spread of the june and july contracts especially for wti getting rocked by volatility. Tom we will get more on that story in a few minu