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Approaches. But we took we sent a strong signal to europeans and the rest of the world that we share values and that the union is a you get a values and citizens and that it can answer with strength and in a robust area if needed. European stock futures push higher but the euro dips on the news. Global equities already receive a tail as an Oxford University trial shows promising results. We will be watching novartis. The group ceo joins us this morning. Resume buybacks quarter. Intenseur days of negotiations, eu leaders have agreed on a landmark stimulus package that will see the block help 750 billion euros to Member States mitigate the downturn. Maria tadeo is in brussels. Great to have you with us. Take us through the details of the deal. Aria what we know is that the deal came in at 5 30 in the morning. Everyone here is putting a very positive spin on the news. We heard from Angela Merkel, saying this is an historic moment. Emmanuel macron also saying this is a breakthrough moment.
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And thats sort of roughly the same i think throughout whether shipping it across country or across townbut what if automation drops like another 90 percent . And its as easy and cheap to send a box of something across town as it is to send a text message. What does the world start to look like then and what kinds of things do people start to do with that . And around the time i was thinking of that i started thinking of what was going on in china with delivery and china basically went through the us 20th century experience with this decline in shipping costs and the increased speedand shipping in like 10 years. So when ali baba started it took three weeks to ship something from their headquarters which i think is in outside shanghai to wuhan or another big city on the other outside of china. And 10 years later that was a 24 hour thing and ali baba has 5 million, or sorry, gd has 2 million. You can do anything in any chinese city and under 24 hours. And on Something Like singles day whi
You cant fell it to roll over you cant get it to fetch. Somehow people imagine there is discipline to the process that the action falls clear patterns. For example, when you get a spike of infections, the average is supported to get clobbered and that is what happened friday monday new ball game nasdaq advancing 1. 20 the bulls look at the spiking number of covid cases next to the not spiking number of fatalities and figure we made Real Progress fighting this disease so buy stocks into any kind of weakness we almost got back to even on the dow because mortality rates look like they are dropping. They are buying recovery stocks, not stay at home stocks. If you believe the spike in infections isnt an issue you want to bail on the covid stocks too many states are gradually shutting down to write this off as no big deal more on the index later in the show what happened today . Lets go over key parts. First, we have a reason that can actually be time stamped to turn around the market. This