Lunch. Take a look at where we stand with the markets stocks are higher across the board as investors brace for the busiest week of earning season thus far the s p pacing for its best month since 1991, if you can believe that thats as Oil Continues to crash. Crude down about 20 today supply over flows and demand craters in our calmed economic world. As america looks to reopen the economy grads yually, purdue sas class will be in session this fall the University President Mitch Daniels said there is zero lethal risk or close to it for students he will join us shortly. Kelly, over do you thank you more than 140 S P Companies and 14 dow components are all reporting earnings this week lets get to bob with the latest it will be about quarter of the s p 500 reporting. We already got a kwooquarter reporting. Its confusing nobody has any idea what will happen in the Second Quarter in the Third Quarter a lot of people are dismissing the estimates. This story is the dispersion in the estimates a
Online more Central Bank Action from japan helping fuel the bulls and despite all of that, oil plunging again, down more than 20 as we see one Energy Company file for brankruptcy. Ahead on todays show, were taking a deep dive on the path forward for retailers. That sector deals with the fallout from the lock down well speak with about the issues facing the industry and be joined by former macys ceo as Department Stores deal with their own challenges and bankruptcy concerns swirl around the sector were up 5 on the s p with 59 minutes left citigroup is up 8 still down 42 year to date. Lets focus on the big stories were watching today mike is is tracking the market moves. Meg has the latest mike, lets kick it off with you and the broader markets. After about two weeks of going sideways, the s p 500 gets a little bit of a boost today to basically the levels it saw at the post crash highs of ten days ago. Take a look at how it fits into the broader picture here 2874 is a number that we firs
Enough. And more signs of stress. The fed will add liquidity to a vital corner of funding markets for a fourth straight day on friday. Later, huawei unveils an android powered smartphone without any google apps on the device. How the u. S. Ban is holding back the techtarget. First, we are seeing u. S. Futures at the moment unchanged after u. S. Stocks ended mixed on this thursday. We have seen stocks gained ground after positive comments on trade coming from the white house economic advisor, larry kudlow, but then those stocks pared back earlier gains after we heard from a trump advisor hinting at 50 to 100 tariffs on chinese goods. Also not to mention energy was under pressure today by the fact that oil stabilize, but we had two sessions of losses for crude prices, so the Energy Sector was down. The dow lost more than 50 points, the s p 500 unchanged and we also had a bond rally for a fourth consecutive session. We have seen, as paul mentioned, the oecd cutting Global Growth forecast,
Copper, all getting caught up in this risk off seer. Time for Global Exchange where we bring you market moving news. From hong kong is reporter ian marlowe. From london is emma chandra. From new york and miami. Over the weekend, you had protests continuing in hong kong. However, china is seeing some positive signs the hong kong and Macau Affairs said a consensus has emerged to put an end to violence and chaos. Positive changes are emerging in hong kong, most importantly, putting an end to violence and chaos has well as restoring the order has become the strongest and broodest consensus of the hong kong society. Alix we welcome marlowe ian. Is that true or is that violence a reality . Yeah, i think its a bit of both. The violence over the weekend is certainly something that transfixed the city. You had a huge roadblock that was set on fire throwing molotov cocktails. And monday and tuesday, we had a little bit of comments coming from both the hong kong local government and today from Be
The trade war, the selloff in stocks widespread this hour from semis to broader tech to retail to almost all parts in between you tell me what you are doing i saw current takeoffs from risk last week i took a little off this morning. I think theyre good sales im not putting money back in. I think whats happened here is we all knew or most of us had sensed this would come because the lack of stableization deleadership level its like making a deal with the devil. Were paying for it. Without a clear resolution of trade, china having multiple levers to continue to pull with that potentially impacting the economy while on the other side of it the fed it doesnt matter what they do, frankly, it doesnt help, nick, take a year to impact as well. I just think its prudent to put the market going into this being up 20 in the year nobodys got a problem taking money off the table. So sit back. Take it easy, just observe you shouldnt liquidate everything you definitely shouldnt liquidate stocks where