Autonomy is said to have featured prominently. Coronavirus cases reach a record fueled by latin america. Infections in florida hit a record high while Texas Governor said contagion is accelerating at an acceptable rate. 9 00 6 00 a. M. In london, in dubai. What a morning. How to lose friends and alienate a president. Would Peter Navarro be the man that would kill the china trade deal . That is the question posed to the markets. Our next guest said a trillion dollar roundtrip. Words matter. Good morning. You never want words to be taken out of context, do you . It certainly did radel overnight. Overnight. It does really just highlight even though we have seen a powerful rally from the march lows, how sensitive these markets are to any sign of risk out there. This takes us back to david blooms comments. Risk on, risk off. Aussie, kiwi, you see the disintegration of risk off, straight back onto the fuel. How are the markets . On the screen in asia, which is interesting, because we have ke
Morgan stanleys lead biotech analyst is here on this thursday, may 21 you are watching here on cnbc. Good morning, good afternoon, good evening and welcome where you may be watching thank you for starting your thursday with us here is how the Global Markets are getting through their week the dow indicated down over 100 points i wouldnt buy too much into it. It has been a very volatile week we were up big plus 900 points on monday. Up fairly big, up solidly yesterday as well. Could be a topsy turvy week. The dow is up nearly 4 just this week. The s p 500 is at the highest level since march 6. Some big news in the bond market the option of 20year bonds that raised 50 billion why is that news we have not sold as a nation 20year bonds since back in 1986 also a bunch of single stock stories we need to Pay Attention to on thursday taketwo interactive a little lower this morning. Everyone apparently staying home playing video games. Just off the alltime high stock two, expedia, a little highe
The Fourth Quarter and also this week we will get the first glimpse oncoming quarter on friday with new jobs report, so we talked about this last week and looks like the economy has slowed a little bit and we have to see whether we get confirmation of that with the data that come out in the next few days. The earnings and the guidance obviously as usual will be important but now the democrats are turning the story, so far no reaction from the markets but the markets are now accusing President Trump of soliciting additional foreign assistance, this time from australia to investigate the origins of the Mueller Probe. The story in New York Times, the president public told reporters in may that he asked attorney general william barr to look at variety of countries potentially involved in the 2016 election. House democrats subpoenaing the president s personal attorney for documents and said Senate Majority Mitch Mcconnell would have to take Impeachment Vote if it makes its way to the senate
Inflation and pmi. A brutal bond selloff. Called it here on the show yesterday. Yields up seven basis points. Time now for the global exchange, where we bring you todays market moving news from all around the world. Joining us from hong kong is bloombergs stephen engle, from , and london, tadeo guy johnson and dani burger, and in washington, kevin cirilli. In hong kong, protests are intensifying. Stephen engle joining us for more. What can he tell us on the ground . Whats happened . As you can see over here stephen as you can see over here, police have formed a line. There have been some sharp words between officers and people on the mezzanine level looking down lotsthem, keeping lots of of swearwords in cantonese going back and forth. This is a cleanup operation by the police after what was a very raucous national day celebration, if you will, or commemoration of the national day in china. Here it is a very different feeling as protesters, tens of thousands of them, came onto the stre
No confidence blow delaying the blow for early elections and a calmer day in hong kong the airport reopens after Police Clashed with riot protests late in the night good morning. One of the big stories this morning, the Trump Administration overnight has announced a surprise delay to the implementation of new tariffs on chinese impoexports i december 16th. But tariffs on meat, watches, flat screen tvs will go ahead on the 1st of September Robert lighthizer says his office will exempt other unspecified products that relate to health, safety and National Security concerns. On the back of that, we saw a big bounce in wall street. That continued into the asian session. The mood in europe is not so pretty with most majors trading in negative territory. Overnight, in addition to the news about the tariffs being postponed until december, we had weak data coming out of china. That is affecting some sentiment in europe, even before we got that Second Quarter gdp printout of germany all eyes on