Negative after the dows 900point rally boost investor stocks Airline Stocks surge as the uk government signals cross border air bridges could make Summer Holidays a reality weve got european auto sales plunging 76 in april with fiat, chrysler and psa leading declines as the lockdowns cause supply and demand in the car sector a very warm well come everybody to street signs. Lets kick off some fresh commentary tensions really heating up between beijing and washington w. H. O. Is at the center of the latest dispute yesterday, President Trump threatened to permanently halt funding to the w. H. O. If it did not make improvements in the next 30 days now china has weighed in on the comments saying the comments of the u. S. Leaderships letter tries to mislead the public to smear china. He says paying assessed contributions in full and on time is every members obligation the u. S. Letter according to Chinas Foreign Ministry tries to shift the blame of its own response after President Trump yest
Reaffirming its redline over taiwan. Coronavirus claims more deaths as cages cases approach ive million. U. S. Closing travel from brazil. Protesters to announce chinas security law in hong kong. Washington says it could be the death knell for asias leading financial center. How is that playing out across these markets . Declines from last week, there is a little bit of trepidation and caution across futures now. Your getting brent crude, pleasant surprise from the upside, nothing screaming higher. 29. 65. 2965. 34. 72 brent crude. Coming off weeks of sharp gains. Looking ahead you have more data that perhaps would give us more visibility on the path. We could get consolidation as we were talking about earlier in the program. Lets talkoned, about the renewed tensions between the chinese and the americans here with the foreign minister of China Morning the u. S. To give up warning the u. S. To give up Wishful Thinking about changing china. Saying some in america are pushing relations to
Also janet yellin saying maybe the Federal Reserve should be allowed to buy equities directly maybe they should be able to were going to talk about the markets all show long. And see if were getting getting around this area well look at where we understand with the indications. And where we think we might be in flat thing that curve waiting on tim seymour as well, tony dwyer will join us too, it is a big market day. Lets begin now with these markets. Guy adami, i have a statistic for you that i think may move you given the kind of weeks we have had in the moveup, the qqq well talked about on this fine program, is it now higher year over year. I mean, some of the its amazing what you can do with numbers, i didnt know that and thank you for sharing that, and happy monday to everybody. This is a good day, and listen i think you can take some glimmer of hope from that absolutely tims joining in, and hes been optimistic, which is good. Dan has a longer slew that he will share about where th
Jub is still with us. Turn to the release of january fed minutes. Were seeing resilience in equities because of what we heard from apple yesterday, but already today we are bouncing back. Then you look at corporate yield nejra welcome to daybreak spreads, those have been tumbling toward alltime lows david is this complacency . Europe. Headlineou look at the weve got numbers taking the tape from Deutsche Telekom. Adjusted ebitda is index levels, it looks like there hasnt been much of an impact at all from the virus. Some of the subcomponents rising, thats what were getting from Deutsche Telekom between health care and autos, looking through some of the there has been a meaningful details for you. Divergence of performance, so i we might come back to these later as they come through on the tape but at the moment we would say that the market is not just got a couple of lines coming through, the mainland panicking over the virus impact, that it sees 2020 adjusted but it is trying to be qui
Chairman powell says this is not the beginning of a move downwards. Capital gains. Boosting the ratio and outperforming rivals and Equities Trading. The ceo says he will not let brexitange his plans change his plans. It is a question mark. We are not making changes of saturday strategy because of the exit. Prices slump. We speak to the ceo shell. Take a quick look at my terminal. The u. S. 10 year yield, the dip you can see right after news of the fed rate cut. At first, and investors were buying bonds and pushing down the yield. Then during the press conference, it came back up. It does not look like the market is convinced Jerome Powell will keep cutting. Clear in the press conference he never said this is the only cut. There could be more to come. Take a look at where we see futures trading. It is a down day. Drops yesterday. Futures up 0. 6 . Ftse futures falling by half. We see the aftermath of the u. S. Session. Selling over and asia. The japanese market cushioned a little bit be