Boris johnson announces the first step to easing its lockdown. Donald trump combats an outbreak in the white house as he tries to return to work. Vice president mike pence spends the weekend in selfisolation. The European Commission threatens to sue germany. Therong rebuke over Constitutional Courts ruling on ecb bond purchasing. This is the picture weve got. Welcome to mondays program. Of futures, euro stoxx 50 futures up by 0. 4 . Ftse futures upice 0. 7 . Up by 0. 7 . We have seen the nikkei doing quite well. The hang seng doing quite well. Less well in the chinese market, but broadly speaking, positive. In response to a lot of talk about stimulus, we have had talk from the pboc and china, policy coming through in india. Lots to think about in asia. Also thinking about the european context. We will look to where all of that conversation goes. That expectation of fiscal policy doesnt seem to be underscoring the positive move in equities. Reopening gradually, very gradually. Economies
Some things like construction and drive in movie theaters. We are seeing flareups in south korea as well as wuhan, the original epicenter of the coronavirus outbreak. I want to bring in taylor riggs. Walk us through the day. Again, tech boolean the rest of themarket tech buoying rest of the market. Taylor for a few weeks, tech has been the big outperform the dow and s p are still lower. The nasdaq 100, the faang, all of those are the outperformance. Bige are a few individual tech stocks leading those. Amazon, a report that potentially they were in talks entertainment and zoom, the company we have got to know well. People think offices may not open up until next year. Ready to stay home through 2020. Nvidia ended up about 3 . They hit a record high after a raising the price to 3. 60 per share at needham. ,f course, on the data side increased demand for both public and private clouds. That is something that is driving that business. Continuation of tech heavy stocks really are performing
And while the. U. S. Believes its been created in a research lab. Welcome to the program its been described as a cautious 1st step germany has begun to ease its lockdown restrictions some shops and schools are being allowed to reopen although the rules where the from state to state it comes off the Public Health expert said the virus was under control. By 1775 to nearly 142000 according to the rubble. For Infectious Diseases its the 2nd consecutive day the number of new infections has fallen. You know how there has been following developments and joins me from our parliament to studios mean that germany is allowing a few businesses to new york one from today which ones exactly and what is a rationale behind the rule is that shops that are no bigger than 800 square meters can reopen they have to have some hygiene and social distancing measures in place bookshops and Car Dealerships and bike shops can also reopen regardless of their size as far as the rationale is concerned last week the
We have three markets. Maybe even more. After a day where the dow advanced 39 points, s p declined. 05 , nasdaq did one point, i want you to forget about the averages for a second or a week or a year or until the end of the pandemic. Thanks to the onslaught of the coronavirus, something that no ones ever seen, were seeing Something Else thats incredible not just the complete untethering of main street from wall street, but the disentangling of even small publicly traded companies and medium size ones from the big dogs that have it easy and can handle this hellatious moment. We all know main street isnt wall street. When we get another hideous jobs loss claims number like we did this morning, now were seeing more separation, that is its stunning. In my 40 years of investing, i have never seen anything like what im about to talk about so im going to walk you through what could amount to a destruction of a fair share of American Business that incredibly might not impact much of the stock
Developments and Governor Andrew Cuomo has been mentioning these developments. Now worry on the food side though. We heard that tyson foods is indefinitely suspending operations at that largest pork plant in south dakota and worries now, forget about whether you get pork or beef. Whether, if and when you get it. We could be looking at sharply higher prices because right now it is in short supply. Connell mcshane on the latest developments. Hey, connell. Reporter neil, we have widespread agreement whether it is governments or companies, about the economic damage being caused by this pandemic in the country where there are differences though is on the approach to how to reopen economies. Now, you mentioned, some of it is businesses versus government. Business us will make the own decision. Tyson is example of that. Suspension of these operations you mentioned is an indefinite suspension. The basic thing here. A lot of workers, so many calling in sick at that plant that tyson felt they ju