To chancellor merkel set repair a second round of stimulus up to 100 billion euros. Friendship bars and restaurants reopen. The reopening narrative gaining momentum, but that is not what markets are focused on. It is the increasing tensions between the u. S. And china dominating. When President Trump talked about holding a News Conference about a possible response to china, perhaps retaliation if you will, we saw the u. S. Architect take a hit. We dont have a timing for the News Conference but we have read on the screen in asia, and terms of futures, reacting to u. S. Futures. European futures even more so but perhaps playing a bit of catchup. The 10 year yield is slipping. The yen is strengthening. Oil trimming its biggest monthly advance on record, being swept up in the broader negative sentiment. President donald trump said he will announce you new policies in china. It follows beijings attempt to impose security measures in hong kong. This has further exacerbated tensions between t
It is fascinating because the stock is up 67 , at the highs of 74 , on pace for its best day. On the hope that they may be will come up with a vaccine. Markets are so excited for the possibility of a vaccine against this virus. David not just the markets. I think all of us are excited. In the meantime weve been hearing from dr. Fauci from the nih talking about the prospects of reopening and what the risks are. Are the markets reacting to what he is saying . Abigail not all that much. His remarks are more cautious that a vaccine will be available this fall. The idea of herd immunity, not a lot of positive commentary. These are the major averages fluctuating. Not a huge reaction. I would say there is caution. One of the pieces of news on the day that weve been talking about is some degree, especially yesterday, the bond issuance. A piece of this has been on the idea the fed will step in and buy some of these credit etfs. Today is the day they start the at. Investment group they start tha
Locally first. Im not saying domestic. Im saying within 100 miles of your home or 200 miles you can drive there so you feel good, in your car, its safe gradually people will become used to it and spread out. 9 11, i had friends who said after 9 11, i will never get on a plane ever again, im never doing it and six months later, okay, im going to try it. Okay wasnt so bad. Thats whats going to happen. People will feel gradually safer and safer. That seems to be the case we appreciate your time. Glenn fogel, ceo of bookings holdings. Thank you very much. Carl, back to you. Tanks for bringing that to us seema moody. Good morning welcome to squawk alley. Im Carl Quintanilla with Morgan Brennan and jon fortt coming to you live from various location were trying to hold 24,200. Where we get 20. 5 million jobs lost in the month of april joining us to talk about that and more is art cashin of ubs and our own bob pisani art, great to have you back. Happy friday. Thank you great to be with you so
Vornado, Regency Centers and kimco down 40 this year on growing concerns about their tenants ability to pay rent as most nonessential retail remains shuttered across the United States back to carl eric, thank you very much good morning welcome to squawk alley. Im Carl Quintanilla with Morgan Brennan and jon fortt is back after a week off coming to you live from separate location. Major averages off of the morning lows dow was down 500, now down half of that. A big week of earnings, ibm tonight, netflix and others in the days to come and then, jon, oil is a major story as the front month contract does expire tomorrow. It is thats had a big impact on the markets overall. Im looking at all kinds of retail and ecommerce as well, making some strong moves in the past when i was off and over the past month as well, guys that is where well start this morning. Lets bring in heath terry, Goldman Sachs internet analyst good to see you. Yeah, good to see you too, thanks, jon. So as i was just sayi
And full analysis. The stocks going into it are higher. Futures pointing to gain at the start of tradingment broader looks good. Look at futures. 280 points right out of the gate. S p 500 up 29, better than 1 and nasdaq higher by 115 points, one and a third percent. This after the dow, s p 500 much of the needed money. Lindsey graham right here. Former Vice President joe biden picking up major endorsement from former rival senator Bernie Sanders. Mornings with maria live right now. Maria Global Markets this morning also mix today. Take a look. Ftse 100 down 25 points. Cac quarante down 2 points but the dax in germany down by higher than 11. Better than 1 . French president aim to go start opening economy and schools on may 11th, in asia overnight green across the board, take a look. Good tone overnight for the asian markets, better than expected Economic News out of china this morning, exports were down in the month of march from a year earlier. Import down 9 tenths of a percent. Both