For the country and the economy with ian bremmer who says we should be thinking in terms of three years. Plus, well speak with Kevin Durants Business Manager about the lockdown of the sport. 59 minutes left of trade iing. Lets focus on the big stories mike is tracking todays Market Action near the highs of the session. Phil lebeau watching boeing dragging down the dow. David faber covering the executive shake up at at t and kayla on the latest round of government stimulus. Mike, first you on what were seeing slight gains, still lower on the week an upward drift here in the afternoon, but as you suggest within the range, obviously just consolidating r very, very big really historic magnitude of a rally we saw during march. April rather weve come right here, 28 20s is an interesting level in late summer its kind of rushed up last summer we were afraid of some kind of perhaps tipping into a mild recession. Here we are looking at a vastly worse recession. The earnings picture is very opaqu
Dont have symptoms you dont need to get a test. We want to make sure the testing is available for people that are experiencing symptoms or have a genuine concern about having been exposed to someone with the coronavirus. Dr. Birx will address county level data as well as progress we made on testing and americans can expect to see how an increased number of cases as our new testing system comes on line should not be a cause of concern. She will explain the importance of taking into account our new testing system as new data arrives over the next several days. On supplies, a priority of the president has given to our task force, we continue to work with Health Care Providers, businesses and state leadership to identify available supplies, not merely in the federal stockpile but much more importantly available across the private sector. Were encouraged to see Companies Like honey hewell andm i visited a few weeks ago, take advantage of changes in the law last night, allow sale of industri
Ligsh garlic festival. We ensured our perimeter has been secured. There may not be things that you see that weve done. Very scary event. Reporter cody is one of the volunteers. He says being out here is helping him cope to keep his mind off the shooting and focus on moving forward. Volunteering definitely helps, you know, just getting out here and being out here with everyone. All these good people. Reporter helps get back to normal . Yeah. Reporter there is no rodeo without a queen. I understand it was a tragedy but we cant let that take us over. Reporter this years queen wants a strong turnout. Her message, stay strong and think positive. Everyone has to get back to normal and live their daily lives, you cant live your life in fear. Reporter gilroy strong. Gilroy strong, yeah. Reporter indeed. If you plan on making it out, expect extra security. The fact they added to the list of banned items, you cannot bring in soda, no weapons and no animals except for service dogs. No doubt extra
That is a message to Boris Johnson if he ends up prime minister. We are seeing a bond rally across europe as well, with yields lower. All over europe, but particularly the more troublesome countries like italy and spain. This on news that the ecb might start qe again and is looking at inflation targets, having a talk about whether that can be changed. We will talk about that in a few moments. Lets have a look at the u. S. Now. The s p 500 is relatively unchanged come about whats going on. Morgan stanley up 3 10 of 1 , the final of the major banks to report. We did see some buying this morning. That has leveled off a little now. All told, Morgan Stanley meeting expectations in some areas. Wealth management the outperform or. The rails index up. We will speak with lance fritz. Union pacific coming in with a great quarter, and this defined what happened yesterday with the transports really selling off on the back of csxs news. The 10 year yield in the u. S. , 2. 06 , dragged lower by euro
Considers a further delay on china tariffs. Shares and micron despite the ban. H2os liquidity problem. Woes deepen as more than 5. 6 billion euros of assets evaporate. The money manager says outflows have slowed since monday. Manus its daybreak europe. Welcome to the show. It is rocking higher, oil that is. A war of words from the white house to iran. You have inventories being squeezed aggressively. Up 10 in the past five trading sessions. The driving season is on. Theres a number of calls out there. City is saying if theres an escalation to conflict, adding another 10 to this price. Versus bank of america which is wrong, thet all goes chinese go to devalue the yuan, the chinese will buy oil from iran. You will see implosion in price. Down by 50 . Thats your risk. Lets look at the rest of the market. Bullard said the timing was right for an insurance cut. The market was essentially disappointed that powell did not go further in his rhetoric. He warned on the downside on the economy. L