Coronavirus cases top 2 million in the u. S. As the number of infections rise in texas, california, and florida, all recently reopened states. Not even thinking about thinking about raising rates. A dovish jay powell sends global stocks and treasury yields lower. Most fomc measures see rates zero through 2022. It raises concerns about the real state of the economy. Nd capitalizing on chaos Goldman Sachs makes 1 billion from the oil market turmoil. Drivingp sees its bond trading revenue. Big on europe. We are seeing futures. 2 losses point two losses on the indexes. Most of the major indexes were less than 1 . Drops in the u. S. After that fed meeting. Jay powell saying hes going to keep rates at zero through 2022. It looks like the market is now concerned about the strength of the underlying economy considering those comments. U. S. Futures down 1. 5 in terms of the dow and the s p. Anna in terms of the underlying economy, concerned also about the rise in the rate of infections in the
Very, very first new years eve celebration that is we are going to get throughout the hour on mornings with maria. Weve got a big show this morning, joining the conversation michael, Founder Michael lee, market analyst francis and real clear politics cofounder president tom bevin. Happy new year, guys. Happy new year. Cheryl weve had a phenomenal year. Typically when the market moves people get hesitant, just thoughts to stay positive in 2020, so in the summer of 2018 the market actually had roughly 10 below here, going off into the end of 2018, i think that spells well for 2020, this could really keep going, its been a good decade for stocks. Cheryl francis a lot to watch obviously for you this year, its been a blockbuster year. Its been a blockbuster, whats important is the catalyst that kept the market going, we kept getting news on the front and the fed keeps injecting money into the system which is good for equities. Cheryl i think its 2020, though. For sure. We have politics happ
Dropped china from its list of currency manipulators at the same time washington is making headway in reducing its gaping trade deficit with china right before wednesdays scheduled signing of a phase one trade deal between the 2 countries. No obvious signs of enthusiasm on the chinese side vice premier the oha arriving tuesday to sign an interim deal that at 1st glance is more favorable to the u. S. Its an agreement thats already boosted u. S. Markets and stands to pacify American Farmers china will buy 80000000000. 00 more in American Goods like the soybeans and another 35000000000. 00 in Services Still theres more reason to smile of aging these days the economy is showing signs of life exports were strongly up in december for the 1st time in months oil imports are on the rise and significantly the u. S. Says it will stop labeling china a currency manipulator. A trade deal takes some pressure off china without digging too deep into stick here issues like intellectual property and tech
Streets of los angeles whose work says that even if youre homeless youre not. Alone im terry martin welcome to the program a passenger jet with 98 people on board has crashed in kazakhstan Authorities Say at least 14 people have been killed in the back plane came down shortly after takeoff from the city of on route to the capital no zal ton more than 60 others on board have survived with injuries. Our moscow correspondent emily sure one is covering this story and she joins us now from there. Emily what more do we know at this point. Well we know that officials have said that all the injured are receiving receiving treatment at the moment around 50 people have apparently been taken to the hospital and several people are severely injured according to officials these numbers of course could change this accident happened very recently the plane has just left when it crashed thats the biggest city in kazakhstan and it was on route to the administrative capital nor soltani thats a very frequ
The dow right around the 28,000 mark. This after communist china says it will change their rules on ip protection. For more details, Edward Lawrence is live in washington with more. Edward . Reporter Chinese State media saying theyre very close to phase one deal between the u. S. And china. The chinese trying to show good faith here. China announced new guidelines within the last 24 hours, that would increase protections for intellectual property, and extend more enforcement to patent and copyright laws. Now on intellectual property, what china is trying to do, showing it could be a fabric. Trying to make it a social fabric within their company or country. The criteria. So protecting intellectual property will be one of the criteria for evaluating local government employees. Thus creating an incenttive to follow through. That follow through is the key for the u. S. Trade team. Robert lighthizer is pushing for a change inlaws to make sure protections stick. China is trying to show it ca