Coming up, in a few moments, Global Investor mark mobius will join us. Chinese equities see a big week of gains they slipped a bit this morning. Shares of carnival jumping after they gave an update on the state of its business. Well speak with the Ceo Arnold Donald in a cnbc exclusive and Major League Season starting the season in florida. Well speak with the leagues commissioner about the risks and reward of taking to the field. We look forward to all that. Sara, up 0. 7 on the s p 500 lets start right there with the markets. The we have seen a big swing intraday futures starting off in the red. Hopeful signals then coming from gilead about the coronavirus treatment. Helping turn things around early. The company saying it was associated with an improvement in clinical recovery and 62 reduction in the risk of mortality compared with the standard care. Lets get to mike santoli tracking the moves in the names and sectors today. Yeah. Sturdy Performance Today solid week you would have tho
The highest ranking executive to leave amidst the 737 max crashes. China isreport saying planning to replace embattled chief executive carrie lam. Australian markets back online. Thats turn to sophie for what to watch and markets. Little australian stocks changed after a twoday gain. Plenty of corporate updates. A potential earnings downgrade looming. They maintained their fiscal guidance in the face of two reports from short seller J Capital Research. On itsnstruments slumped weaker than expected forecast, warning that customers are more cautious in cutting orders. It is back online after the enthronement ceremony. Stocks falling 1. 7 and wellington, led lower by power providers. Rio tinto reviewing options for its aluminum smelter i. The deficit narrowed more than forecast. A quick check on bonds this morning, aussie and he read 10year notes reversing course after a fiveday decline. Treasury futures slightly higher after cash treasuries rallied overnight on brexit uncertainty, which
Grow it is delayed further . Given what you laid out giving the United States has responsibility to get brother into the stockpile . For general brown the white house said United States and israel based on the request discussing alternatives to a ground operation what alternative options exist for Israel Security goals including destroyingnning aid delivery and endangering civilians sheltering credit achieve those goals . Great to see you as well. Ing potential russian breaker, what we is a series of governmental gains by russians. What the chairman said a couple minutes ago it comes at a significant cost in terms of personnel and equipment. Nonetheless governmental gains. As i engage in my counterparts defense ukraine what they feel confident in their ability to continue to defend their sovereign territory. Of course theyd and support to continue to do that and thats where supplemental comes in and we would hope we would see the supplemental get past soon. Enclosed with congress and I
And some data just came out on german business climate. The ifo german bit climate coming in at the estimate 104. 5. The number coming in at 105. 5. Slightly higher than what we saw in november and in line with estimates. The German Ifo Business sentiment came in at 105. 5. Why do we care about this . Germany, of course, is europes largest economy. Given its high exposure to russia, German Economy has been showing signs of weakness over the past couple of months. The recent zew survey did come in higher than expected indicating a improvement in Business Sentiment. Were looking at the euro slightly higher trading at 1. 2332. Lets bring in simon, who is joining us now to get your reaction to this german ifo number. Does this surprise you . We see this, the zew and the pmi data lately. I think mainly the main surprise is that theyre shrugging off the surprise coming out of europe. The most open economy, 35 export to gdp ratio. Thats a little bit of a surprise. And is this one reason, give
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