Wave. S fears of a second the u. S. Seeing 16,000 cases a day. Hong kong in the third wave right now. All youll futures elevated. You are seeing a risk off move today. Focus on the chinese story. We are seeing a down day even when it comes to chinese stocks. We will see how this plays out. Lower by 6 10 of 1 for the shanghai composite. Asia had their best Weekly Performance in five years. The csi 300 large caps, ada percent of the index has been overbought. Thats the highest on record. We are seeing profittaking here today. Shenzhen, more of that robustness. The most overbought on record. That is still going higher by 1 today. It seems like the bond market is at mercy with this rally as well. Bonds at 306 right now. Yields falling. Bnp paribas saying that 10 year yield could rise to 3. 4 . We are watching other markets as well. Hong kong is a focus today. We saw a Record Number of local virus cases, the most since the pandemic began. They tightened distancing rose again. 150 points low
Hour futures are solid, earnings phase one signing, lots of eco data our road map begins with trade optimism reigniting the record rally. The chinese delegation heads to d. C. Today for an expected phase one signing on wednesday plus new ceo, same crisis. What to expect from boeings new chief executive, David Calhoun, who takes over today and the future of the 737 max. Then there were four, alphabet nearing the trilliondollar market cap club, behind apple, microsoft and amazon stocks are looking to recoup some losses from dow, the dow surpassed 29k for the first time before finishing in the red. All three major indices are in the green since the beginning of the year led by the nasdaqs 2 gain as we were saying on squawk a few moments ago, jim, if lulu yes, maam of lemon is a clue to the earnings season, maybe this rally has been justified we have two conference this is ek wweek, icr in orlando andi conference in san francisco, health care. Theyre used to be able to say better than expe
By 2015 nuclear deal after the killing of its top general. President trump threatens disproportionate u. S. Retaliation should tehran take military action. Aboveextends its search 70 a barrel after the u. S. State Department Warns of missile attacks near military bases and Energy Facilities. Plus, riskoff rules as global stocks trade to the downside, gold searches to the highest level in more than six years. As i said, just under one hour away not from the start of cash equity trading in europe. Futureske a look at this morning after the first couple of days of the year traded in different directions. We are now headed firmly down in terms of sentiment. Clearly, over the weekend, after the attack that we reported on friday, you can see cac and dax. 75 . S down take a look at u. S. Futures. You also see losses there, about three or 4 10 of 1 . To a veryinting riskoff open. What do you see on the gmm . Anna the gmm giving us the same riskoff picture. As you point out, we see futures sugg
The rise of sky walker already on pace to break some records. Weve got those details as powe lunch starts right now check out this record rally. The market on track to wrap it all up at all time highs check out shares of boeing that stock down a percent as united says it will not fly the 737 max until june well have more on that story in minute yes, we will. Thank you. Gdp numbers, Gross Domestic Product are out this morning 2. 1 growth for the fourth quarter. Closing out the first decade in recorded American History without a recession. We have more on the slow and steady, what do we call them 2010s . 2010. The teens you work on that. Ill come out later. Were going to work on what we could call the most boring decade youd say Nothing Happened gdp averaged 2 . It fell 2. 5 in the Great Recession in 09 in 09 the lowest it got this decade just 1. 6. The lowest average inflation and we hit the lowest Unemployment Rate donald trump who brought big Corporate Tax cuts and the trade war that
Fair play the most unfair situation people have seen. Lou President Trump informed radical demonstrates lead the inquiry effort denied him and House Republicans any representation, or due process in shameless baseless orchestrated plot to obstruct his Administration Agenda to subvert his presidency, and to eventually remove him from office. Even though there is no crime, no charge, and only now desperate usurpers running the assault on this president and against the American People, the nation itself. We take the all up tonight former acting attorney general Matt Whitaker joining us, turkish troops have begun into Northern Syria prepared to take ons focuses the kurds civilians killed in air strikes President Trump is watching the situation carefully calling turkey invasion a bad idea for more to chief white house xorgenuine reports. Turkey escalating attacks in northern sir kurds reportedly taking dicing President Trump warned turkish president erdogan not to launch a bloodbath. Presid