Our schedules. Were also making sure the companies that are Good Companies stay solvent and have the money necessary to keep functioning. We have a lot of things were working on with Financial Markets and its going to work out fine you have to remember the stock market is much higher. Its taken a big hit its going to all bounce back and its going to bounce back at the right time when will you decide for the American Workers were deciding right now. Were dealing prior to even the stafford act were dealing with the democrats in congress. Well see what can be done i happen to think a payroll tax cut would be a very good idea. Very distributed to really distributes it very evenly among middle class and other workers it would be a great thing. I happen to think it would be a great thing beyond this. Were looking at the payroll tax cut and that wont come immediately because thats a stronger measure but we are looking to do that i think at the right Time Congress will probably go along with i
I want to look at autos, two moving in different directions. Investors taking advantage of the bargain. The valuation tesla commanded a month and a half ago is far different than the one it commands today. That stock is up 16 . Ford down 5 . Dividend,ed its share drew its guidance, as we have seen so Many Companies do during this crisis. Drawn down 15. 4 billion in credit lines. Also taking a look at ecommerce. Shwey is to read higher this morning. That is an online pet food retailer. Sales are up about 50 year on year as people start out because of the coronavirus. Down byownside, etsy 11 , downgraded by roth today. They say activity is slowing. I want to talk about the economy for a second. We got initial jobless claims this morning. Take a look at what we saw. 70,000 jobless claim spike him of the largest since october 2012, post superstorm sandy. Last week, before the shutdown here in the u. S. Really escalated. So these are poised to get a lot worse. Taylor my thanks to kailey lei
Ago. S p down by 151. And the nasdaq would open down by about 435 points this is limit down, they cant trade lower than this. Declines at 5 across the board. If this holds at the open, heres what you can expect in terms of the nyse Circuit Breakers that kick in. If the s p 500 dropped by 7 during the course of normal trading, trading halts for 15 minutes to have a cooloff period if it falls by 13 , it halts for another 15 minute period if it falls by 20 trading halts for the remainder of the day since these were implemented many years ago, weve never seen the levels tested. If youre watching the treasury market this morning, the ten year, almost impossible to believe watching how quickly things have fallen the ten year is yielding 0. 487 . Its been less than a week since it fell below a 1 yield and we have seen it collapse. Thats a bounce from earlier. So much of this has been keying off to whats taking place to crude prices over the weekend. Well explain what happened but you dont see
Billions of items shipped, tens of millions of amazon devices sold, so the echo. , for example the echo dot, for example. And busters Holiday Season for amazon. Chad morganlander, Washington Crossing advisors portfolio manager, joins us. How would you characterize 2019 for u. S. Equities . Chad for u. S. Equities, we think it was just a gangbusters year. The reason behind it, though, was not vibrant economic or Global Growth, but rather it was Interest Rates across the curve across the globe that went down, and accommodation from monetary the u. S. And the ecb. Yes, someone like 90 Interest Rate moves. Does that mean we are looking at not as many next year . Chad there has to be a transition period. Capital spending starts to kick higher in the United States and across the globe. Without that, we dont anticipate the expectations for for 2020arnings of 10 and Revenue Growth of 5 to 6 to come to fruition. We think that will have to be. Brought down. Overall, in the short run, we think ma
Market. 33 basis points. Auto. Ft significantly not a massive change, but still notable. The dollar index is up. Lower. Uber is a lower by 2 . It is between 96 and 97. Tesla is down now for percent. Tesla one of the most interesting stocks giving away you have the first delivery of kinds to cars to shanghai vehicles made by factories in workers and also receiving a shanghai. Note that may be the model three it may miss the delivery target for demand saturation. Saturation is in terms of demand vonnie thank you. Kailey leinz with our market and that continues for tesla. Check. Here in europe, light volume. Us on key analysis. Stocks are down, 7 10 of 1 . Save your favorite for future we will talk about that in a reference. This is bloomberg. Moment. Eight basis points. We are 18 on the german 10 year. A selloff around the world for global bond markets. Here is an assessment from where we go next. We are joined by the head of fx strategy. Nice to see you. You dont like the dollar. I dont