Throughout this conversation, you have been talking a little bit about the housing market. It was interesting that the university of Michigan Survey actually now says that about 64 of people think it is a good time to buy a home. Fannie mae came out with a survey today. They are showing a nine point increase, to now 76. 5 of the survey respondents would like to buy a home, that now is a good time. A lot of that in part is due to valuations. Then the low mortgage rates, as you assume lower for longer thanks in part to the fed. Very curious as we sort of touch on equities and go into real estate. Before we get onto the election risk. That theot surprised university of Michigan Survey would be positive, because rates are low. People are not walking through a home. I dont know anyone who would buy a home virtually. Most of the home sales are people who had seen the property ahead of time before we had all the shutdowns. Commercial real estate, where we invest, it is impossible to figure ou
Romaine live from new york to our viewers worldwide, this is whatd you miss . Alongsidene bostick my cohosts, scarlet fu and joe weisenthal. Scarlet u. S. Stocks closing out the last day of the First Quarter with losses, although with a lot more volatility. This was the dows worst quarter make 87. 0 since fell to as low as 31 basis points, pretty wide berth. Oil, the worst performing commodity in the quarter, losing two thirds of its value. We are keeping an ion what is going on on the policy side. White house and Congressional Democrats are preparing a fourth round of economic stimulus. President trump wants that to include a 2 trillion infrastructure plan. Kevin cirilli joins us now. You can call this a little bit of a wish list from the president , the infrastructure part of this 2 trillion spending plan. What do democrats want and what do republicans want . What is each side pushing for . Kevin the way you described this is spot on, a wish list, opening bid coming from 1600 pennsyl
These are your markets we are getting some data. Manufacturing pmi coming in better than expected. Little bit ofa optimism when it comes to the stoxx series the stoxx 600. Treasuries falling with the bonds. U. S. Looking daughters holding dollars holding pretty steady. Coming up tomorrow we speak to the Goldman Sachs chief executive, david solomon. Meantime we will speak about euro markets. As get to the bloomberg first word news in new york city. Viviana Prime Minister Boris Johnson has apologized for failing to deliver brexit by the deadline. Speaking to sky news he took responsibility for the failure but blamed parliament for refusing to back his timetable. One concern for his riot one concern for ryanairs ceo is the upcoming election may not decide a thing. My fear is this election would result in more delay. That could be good in that it means it means the transition to continue on ad infinitum. The economy needs to see in into this uncertainty. Viviana over to hong kong where 200
Coming in better than estimated at 18 billion, adjusted earnings coming in at a beat as well. To thears adjusted high, crushing estimates. That stock is up now by 7 10 of 1 . Going to be interesting to see the commentary on the call as well. Guy we were watching david we were watching ups particularly because they are sensitive to Global Growth and trade flows. The fact they did so well is really encouraging. Ceo atspeak with the ups the noon hour on balance of power. We have General Dynamics out with earnings, which i have to get up. Yeah, let me see. I can say that glasgow is out, and they raised estimates. David General Dynamics earning per share, 2. 77. Theres a nice beat there. Revenue was 9. 6 billion compared to 9. 3 billion estimate. This is a continuation of what we are seeing in some of the Defense Sector stocks. The Government Spending a lot of money. Northrop grumman out earlier, and the stock seems to be doing well on its earnings. It is up about three quarters of 1 in pre
Equitie been getting pushed around and by Interest Rates amid concerns the solid Economic Growth we have seen could force the Federal Reserve to raise inrest rates more times than answered this year. But a report released today by the central bank appearedo alleviate some of those concerns. And thats when stocks took off. The dow a closed its high of the day, up 347 points to 25,309. The nasdaq added a very strong 127 points. The s p was up by 43. And todays gains helped the major indexes close higher forn the weekhat a week iwas. Here bob pisani. Reporter stocks drifted steadily higher to tth close he dow up more than 300 points. Every day this week weve seen some big intraday swing. Stocks would rise at the open, peak in the milled of the day. There was often not a lot of news o there. Today the rally finally held up. Ower bond yields were a help throughout the day. The dow, which dropped 2500 points, in a little more than a week earlier in the month has recouped from its losses. A r