You from the bloomberg terminal. American contagion. The u. S. Records its biggest ever jump in new virus cases. Governors reverse plans to reopen their states. Powell puts his foot down. The fed dividends bid buybacks. Buybacks amid uncertainty around the pandemic. Wall street giant slide in late trading. An elaborate fraud. Auditors accuse them of a sophisticated scheme to hide billions of euros. Visa and mastercard consider cutting ties. Just under one hour away from the start of cash equity trading in europe. Lets take a look at the futures as they are trading now. Yesterday, we closed slightly in the green. The u. S. Also rose and rallied into the close on news that banks would get a little bit more room from regulators to trade and be able to use more of their capital buffers, so diminishing the volcker rule, helping in the u. S. European futures are up as well as we get headlines that klm is securing a 3. 4 billion euro bailout from the dutch government, so we see more hope of s
The scandal around Financial Service provider wired technique deepens the firms former c. E. O. Marcus brown has been arrested. Following good to have you with us nearly 400000 people are being forced into a new lockdown in the german state of north rhinewestphalia this comes after Health Experts here in germany are warning that a new cluster of corona virus cases have the potential to spread if action isnt taken more than 1500 workers at a slaughterhouse near good as low tested positive for the virus. Well germanys robot called institute for Infectious Diseases now says the countrys coronavirus reproduction rate is 2. 00 meaning every active case in texas almost 3 people it was under 101. 00 less than a week ago our correspondent nina followed that briefing nina will come to the Health Institute numbers in just a moment but 1st the head of the Regional Government there in north rhinewestphalia where that big outbreak has happened hes been speaking tell us more about what he had say we
Coronavirus in the middle east so why do so many iranians appear to have lost their fear of the virus and is this preparing the ground for a potentially lethal 2nd wave. Grounded by the coronavirus pandemic lufthansas future hangs in the balance the German Government wants to save its flag carrier but not everyone is happy to accept the financial help. As welcome to the program we start with breaking news germany has ordered a district of almost 400000 people back into lockdown amid a widening corona Virus Outbreak this off the germanys Top Health Experts warned that the new cluster of cases had the potential to spread quickly word of the new restrictions came from premier of the north the countrys most populous state north wind was failure the new outbreak is centered on a massive Meat Processing plant 10 as. Near the city of. More than 1500 workers there have tested positive for bias. Russia says Police Deployments will be used to ensure the home quarantines of thousands of tenures e
Up for an eighth straight day. The mega cap tech names making the new milestones josh, the big five as we say amazon, apple, facebook, alphabet, microsoft all but alphabet hitting the new highs today crossing 6 trillion as you flag end market cap for the first time ever. They, amazingly, are now equal to the next 24 largest s p 500 stocks combined. You flag that. Yeah. What do you make of it . Yeah, so my research. We put this up last night. Just incredible when you think about the companies that make up that next 24 were not talking about small potatoes were talking about jpmorgan which is a 300 million cap and pepsi, coke, mcdonalds. Its really wild and these stocks now are just going parabolic. I think i want to maketwo points very quickly. The first is that this is not unprecedented. In the mid 1960s just two stocks General Motors and at t made up 14. 5 of the total market cap of the s p 500. And the top ten names in the mid 60s made up about 50 of the market cap so, we have seen t
Peter navarro meant to say on fox last night. There was a little confusion. I think that he was pretty definitive to say it was dead, the president was pretty definitive in saying the trade deal is on who would ever think that this would happen, good news out of europe, pmis are strong, they are inflating things in their economy like we are. I also think there might have been a short squeeze those of us who watched when navarro said what he said the market plummeted and i think overnight traders said its going to open down badly im going to get short and they got whipsawed because you didnt think navarro could be reversed as quickly as he was given the fact he is a close confidant of the president. Almost exactly what art cashin is saying this morning. Whipsaw resulted in a good deal of short covering. He says the bulls may now reassert control he says they need to take the dow up by more than 450. The bulls are when you watch the market ahead of time you see so many stocks going up fo