This is march data, so it doesnt take account the real slow down. Just the very beginnings of it. We are not seeing much of an impact on equity indices, but we were already lower. Tons hit by pause but amazon and apple. We also had oil Company Earnings that were week. Then we have President Trump ratcheting up tensions with china once again. Crude oil was above 20 a barrel a few minutes ago, down to 19. 30 there. Is definitelyuan we getting on those comments from President Trump. The dollar trading at 7. 13 right now. Down nearly 6 . Vincent there are all kinds of guy there are all kinds of quirks in the ism number and how it is calculated. It is may 1. That means most of europe is closed today. Most major markets are shut for the day. The ftse 100 has its own calendar, and it is open. It is down by around 2 . Down 5 , 6 over the last couple of sessions. Highlighted a couple of the big stories driving that. The pound is softer by 0. 6 . The aussie market overnight taking comments from
The woods just yet tonight more than 35,000 cases have been confirmed in california. One more than 1300 people have died from covid19 in the u. S. Are that more than 824,000 cases and more than 45,000 deaths and around the world more than 2. 5 million cases have been confirmed. These numbers are according to the Johns Hopkins global coronavirus tracker during his daily Coronavirus Briefing today Governor Newsome began to outline part of phase one of californias plan when it comes to loosening the restrictions put in place because of the virus kron fours Justine Waldman is live in our newsroom tonight she has details just saying. Well pam Governor Newsom says distancing is working pulling back too quickly. Could backfire but tomorrow he will give the very first update on how far california is getting on its road map to lifting the stay at home orders there will be 6 factors to determine how soon the state can ease its restrictions tomorrows update will be specific to one of the key piec
Good morning im dominic chu. We begin with breaking news and two biotech stocks surging ahead of the opening bell. First is gilead. Soaring here on report patients are responding well to one of its coronavirus treatments at a hospital in chicago. Those shares up by 13 premarket trade can you see over the course of the last 24 hours, a massive move for gilead. The second is moderna. They secure key funding for the development of a coronavirus vaccine. Those shares up 19 premarket we have more about those two stocks throughout the course of the morning. Now to the Broader Market this morning. Hopes around gilead, futures right now are surging. The dow would be implied around 600 points, the s p by about 64, nasdaq by about 140 points believe it or not, this is well off the highs of the session right now. Well continue to watch that lets check the etfs that track. You can see the dow etf, the diamond up about 3 . S p 500 etf, the spider, spy there up 2. 5 . And the qqq trust up about 2 th
24,000, far cry from nearly 30,000 we were touching in february. The reminder, you dont lose any money until you take money out. It could be a bull market, bear market, combined head fake here. Be that as it may, this comeback is pronounced and some of the earnings already factored to be awful, the case of couple of them not awful, that is good enough. President will be meeting shortly with some of the coronavirus victims who came out of it and you know, he wants to get a sense, their plasma in high demand. Speakers on behalf of the 80 plus percent who survived the virus quite well, will be a telling moment, when we go to the white house, get a tape of the meeting with those patients, what it was about them that made them survive in the first place and thrive. Right now, so much so that their plasma is in huge demand. As man and woman theyre more than happy to help out. Were following that. Were getting a gauge what the president will do with socalled Economic Advisory board. Theyre no
Say, someone who believed that things may not bottom. And i think hes switched. He may say its not in dramatic fashion because its near the middle of his piece, not at the top. I do believe what were seeing is a gigantic amount of liquidity put in by the fed, when it looked like things might go back down that mattered a lot. A lot of companies that dont have great credit are getting money. Thats important we saw the retailers go up last week it wasnt because retail sales were good, but because their credit was so bad, maybe they get a chance to raise money. Ge raising money a lot of companies are raising money that would not be able to raise money. That is going to be a major change to keep a lot of companies out of bankruptcy and in the same way that the oil deal might Keep Companies out of bankruptcy david, you know theres so much debt being issued now. And theres some opportunities for people who want to buy debt, but holy cow, is the government wide open to buying anything on thurs