You have that poll in the wall stre street journal and maybe the stock market considering maybe we wont have a contested lebs if the polling tells you anything accurate about where this race truly is what do you think investors should be taking from this move . I think thats correct. I think the two primary drivers for the higher market today are certainly the fiscal spending and what it equates to in the near term and the dynamic in the market for a trade and investors to extap larapolate is a rise i yields were finally seeing a welcome rise in yields and that is certainly on the belief of both of those actions i mentioned previously you have that to consider and how you want to trade that it has a direct impact perhaps on growth versus value, the polling on the upcoming election and were thinking about the president s health and what all of this means for the Campaign Going forward. So youve got a number of things in there. Lets start with yields. Rates being 0. 74 as a new high or r
Beijing praises the decision while President Trump says he is not a fan. A focusson says now on his cabinet lineup. And plans for structural reform. Are seeing a lot of investors sticking by the sidelines, a quiet session in the u. S. Overnight. Wall street hanging out to see what further guidance we get from the fed after their decision. A great chunk of investors will be waiting for more details as to the revamp inflation target. We are seeing futures trading flat. This after we saw u. S. Stocks rising. The s p seeing a Third Straight session of gains. For a change, we saw gains across tech, outweighing the decline we saw across financials. Treasury yields at the dollar end of the day, where they started. We are seeing the likes of the dollaryen holding steady, this as we look set to see the appointment of yoshida suda as the new japanese Prime Minister. As well as hearing more about whether we will see continuity across his cabinet appointments. We are watching at to see if another
A lot of the folks just focus on earnings and what we heard overnight out of the u. S. A lot of banking as well. Later on we will speak to the astrazeneca chief executive asking about vaccines or medicine that will work in treating covid19. If you look at the markets and the pressure we see on the dollar, probably one of the biggest stories out there. 0. 2 ,an stocks gaining eurodollar 1. 08. Lets get straight to the bloomberg first word news in new york city. Italy, the with nation seeing its delivering an out of cycle downgrade, one level above junk. The timing of the move may catch some investors off guard. It wasnt scheduled for review until july the 10th. But the outlook made fears of a future cut to noninvestment grade. Over the u. K. , Boris Johnsons top aide crest scientists for a lockdown. He swayed the discussion towards faster action. Number 10 denied the political advisor influence the committee of experts saying its appropriate for aides to sit in on the meeting and ask qu
President donald trump welcomes a further Interest Rate cut from the Federal Reserve and he tells americans to stop panic buying. Also on the show anger in berlin as the Trump Administration tries to take over a german Biopharma Company and secure an exclusive rights to any future Coronavirus Vaccine. Monica jones in berlin welcome to the show europes open borders are beginning to close germany has joined a growing list of e. U. Countries to at least partially shut out its neighbors in a bit to hold the spreads off the coronavirus the German Government has announced that its borders with switzerland austria denmark and luxembourg are closing new restrictions are also being imposed on the french german front tier. Everywhere site on the french german Border German Police manning checkpoints for nigh on cross border traffic will be at a near standstill. The borders today in mark switzerland austria and luxembourg will also be almost completely shuts. The people of that significant reason
Removed dozens of postits from the montclair starbucks in oakland. The memorial a tribute to shuo zeng. The 34yearold was killed on his birthday, december 31st, as he attempted to recover his stolen laptop. I came down here on the 2nd and put a postit up and left some for others. I was hoping that one window pane would be covered. Reporter sues hope fulfilled more than she would imagine. Yesterday zengs coworker, neighbors, friends filled the space sharing his talent at ibm for his passion for krav maga and photography. Theyll be turning all of the postit notes, sentiments and pictures for a scrapbook for zengs family. It will be nice to have the memories. I thought they should be shared with the family. Over the weekend, his parents arrived from china. Meantime, the aunt of one of the suspects arrested said she is also thinking of zengs family. My prayers definitely go out. My prayers also go out to my nephew. Teresa jones nephew is 23yearold byron reed jr. Who is charged with murder