Year, we really dont know and then the vision fund has a record decline, as the tech bets go bad. And then buying the rumor. The shares rally on reports over the sale of its steel business sending its stock at the top of the tracks its like getting the green light to buy from the Italian Government for a 6. 3 billion credit line. And ryan air says it will have to deeply discount fares to attract passengers back in the air. The ceo says they are making this stuff up as they go along, and the reality is, face mask. You reduce the transmission by 98. 5 . Happy monday, everybody, and welcome to street signs. Last week the stock 600 dropped about 3. 8 but this morning we are seeing investors putting money back to work in particular in cyclical markets. Altogether the stock 600 rebounding more than 2 . Really recouping last weeks losses we are reopening Major Economies around the world and investors are perhaps cheering that in terms of what is in demand and shrugging off the bullish ideas,
Up more than 21 points to exit the bear cave is now up 15. But whats going on here . Could it be oil . In the last couple of minutes, oil suddenly, this is the aftermarket, started to tank. Its now down 7. 5 on apparent news that the United States government will start to add Strategic Petroleum reserves with all of the glut there is of oil. So while im looking, i just quickly checked exxonmobil and chevron, they are still up but they are at session lows as well. We are figuring it might have something to do with the oil news. In the meantime, the Small Business stimulus loans continue to flow as the treasury secretary asks for 250 billion in additional funds. We are expecting President Trump any moment now to give us an update on how that Small Business Program Lending situation is going. Its known as the Paycheck Protection Program. But the latest tally shows that the Small Business administration has processed 225,000 loans worth more than 60 billion. Thats just since friday. No wor
Worst performance in the hamburg election since 2002. Unicredit ceo rules himself out of the running for hsbcs top job. To leavey is expected barclays at the end of next year. The european open sent to be dominated by talk of what is happening in italy. Lets get to the futures. The extremes of selling we are expected to see. We did see negativity during fridays session in europe and the u. S. The change in case numbers in italy. The measures being taken by the authorities to try and stamp out this outbreak. We will keep an eye on that and bring you all the latest headlines. Lets have a look at what we see on be aware that the ftse futures in italy looking really negative. Lets have a look at what is going on on u. S. Futures. This is set to go increasingly global, it would seem. It looks as if the negativity will carry through europe and into the u. S. Session. Ets look at the gmm we had a lot of negativity before we got news out of asia. The malaysian Prime Minister has resigned. Anot
Ted cruz talks about us Foreign Policy and National Security including threats from china and russia, he also shared his views on iran at this event at the hudson institute. Thank you very much john and thank you to hudson for hosting me, thank you for the terrific work you are doing. These are challenging times, in the United States and across the world. We have to be candid that we have enemies in the world. I have categorized the countries we face in the world in four groups. Enemies, allies, problematic allies, and rivals. Lets talk about each. I ran seeks Nuclear Weapons. North korea already has them. Both have repeatedly called for the destruction of the United States of america. In south america we have disintegrating and failed states controlled by antiamerican thugs such as ortega in nicaragua or missouri in venezuela. Who use their resources to so chaos across the western hemisphere and beyond. We also face hostile rivals such as china and russia, qualitatively different from
Enemies, allies, problematic allies, and rivals. Lets talk about each. I ran seeks Nuclear Weapons. North korea already has them. Both have repeatedly called for the destruction of the United States of america. In south america we have disintegrating and failed states controlled by antiamerican thugs such as ortega in nicaragua or missouri in venezuela. Who use their resources to so chaos across the western hemisphere and beyond. We also face hostile rivals such as china and russia, qualitatively different from our enemy. In that we trade with them, we compete with them in the economic sphere, and yet more often than not, their interests are antagonistic to our own. And that you have the resources to be developing next generation weapons platforms. And sophisticated weaponry including hypersonic weapons, weapons that will be fielded in space and weapons that leverage artificial intelligence. The longterm geopolitical chessboard features prominently china and russia. As our principal ri