Effective, it brought down the market up the day about 39 points s p 500 had given a run for the money. We are below that 2,800 level. S p up about 4. 5 keeping in mind the treasury yields right now, the 10year seems to be yielding 0. 606 andrew, ill send it over to you. Well give you an update now on the pandemic numbers. Global cases have reached 2. 7 million with 869,000 in the United States. The death toll in the u. S. Is nearing 50,000 new york cases have hit 263,000 and new jersey over 100,000. Georgia plans to reopen. They have the most confirmed cases with over 21,000 well talk about that throughout the morning. Yesterday, new york Governor Cuomo shared early results from the study of 3,000 people that said one in five new york City Residents tested positive. That means as many as 2. 7 million in new york already encountered the virus and survived and never knew it questioning the available of the test but said new yorks test was reliable enough to determine immunity thats base
Take a look, winning week better than 1 . Nasdaq turning positive for the year with gain on the session yesterday of 125 points, the dow industrials up 211 almost 1 and the s p yesterday 32 at 4 00 oclock on wall street. On the trade front top u. S. And china negotiators holding a call agreeing to implement phase 1 of the trade deal as and bombshell on Michael Flynn case. Justice department dropping the case against National Former adviser Michael Flynn after serious memo raised questions about the investigationment we have all the details. Boeing ceo David Calhoun, special guest live at 7 00 a. M. Eastern and look at Airline Industry and the latest of the still grounded 737 max fleet, mornings with maria is live right now. Global markets look like this. Take a look. Easing of trade tensions to the United States and china where the two sides agree to finish out the phase 1 deal, cac quarante 36, dax index up 88. German experts down nearly exports down nearly 12 on record. Best performe
Highyield credit another risk asset down for a second week in a row. A cautious tone. We have been in this big rally. Some might be nervous whether or not it lasts. We are coming to the close of a rough week, particularly for oil. What is going on with Energy Stocks . Abigail it is interesting because on the week energy is the only up sector, up 1. 1 , even though oil is down 33 . Connect bit of a dip some of the investors bottom fishing. When you look at the s p 500 on the week, it is a bad week. The worst week in about five weeks, down 2. 7 . Inflection points sometimes happen very slowly, but it will be important to see what next week brings. If we have another down week, that could suggest a whipsaw in emerging range. Next week we will get a look at earnings from Big Companies such as apple, alphabet, amazon, microsoft. It could be an important earnings week along with the macro we have been paying attention to. Investors seem a little bit cautious. David all of the tech guys. Than
Kelly. The dow shedding 5 in lets get to bob for more on this sell off. Bob. I think the key here today is oils impact but its impacting things outside the oil market. Leets ta lets take a look at the sectors. The two biggest that are out there, tech and financials are the weakst ones. They will put pressure on the s p 500 because they are a big part of the overall market capitalization industrial is also weak. Energy is not among the big pressure points in the s p 500 today. I want to poipt out some of these big momentum names that have helped in the tech area in the last few days. Generally, weak today. Advance micro, starbucks these are momentum names that have done well recently and they are having problems today. The futures contract highly showed you that. Its remarkable to look at an 8 future track as 18. Thats an enormous spread were looking at here. Some of these Tanker Companies have having a tremendous day to the up side. Soc some of these Energy Futures just all over the pl
On friends and neighbours, will be more cloud just pushing with networks of support into southern counties being created, especially of england as we head on social media sites. On into the afternoon. But temperatures likely but for those in need, to reach about 20 degrees in london. Without access to online groups, elsewhere, typically the mid to high teens. Theres a rather more traditional platform, so, were looking at a largely thats become a comfort dry night tuesday night and a unifying force, into wednesday, particularly as our correspondent across england and wales. Scotland and Northern Ireland David Sillito reports. Will have more cloud, and a few outbreaks of patchy rain moving in here. If youve been during some gardening recently, we are not this programme is all about you, expecting a frost overnight tuesday into wednesday, so it wont be as cold whats going on in your world, how you are coping with this. As it will be first thing tuesday morning. Through the day on wednesda