Stage an uprising over the euro grew presidency striking a blow to the blocks major powers. Merkel says the eu needs to combine aid with rome forms reforms in a message to the fruit before. Equities slip. Stock rallyhot cools. State funds start selling, assign the government wants to slow the surge. Daily virus cases in the u. S. Continue to hit new highs, worrying investors. Stuck in the middle. Global banks risk being caught in the crossfire of chinas new law in hong kong. U. S. Sanctions against it as compliance with one may mean breaching the other. Just under an hour away from the start of cash equity trading across the road. Take a look at futures here. We are looking at red arrows. Not a lot of size there. If you look at u. S. Futures, red arrows that are much bigger. 5 10 of a percent losses. S p down. Nasdaq looking a lot more risk off in terms of the futures contracts then european futures contracts do. What do you see on the gmm . Anna the selling you were talking about in c
It is another grim milestone for the u. S. There are now more than 3 million confirmed cases of covid19 and as the numbers keep going up the debate and how and when to reopen it continues Camilla Bernal has the latest. 19 cases in the u. S. Hits new records, the White House Coronavirus task force needs at the u. S. Department of education is time for us to get our kids back to school the briefing focusing on reopening schools and doing it safely. They must fully open and they must be fully operational and how that happens is best left to education and community leaders. Before the meeting President Trump tweeting his disagreement with cdc guidelines for opening schools and in another tweet saying he may cut off funding if the schools dont open all this as the country reaches 3 million covid19 cases and at least 2 dozen states have paused or rolled back reopening plans new cases in the u. S. Continue to rise at a record rate with the country reporting more than 16,000 cases tuesday. Its
Areas still in the 70s with the coast, staying cool yet again. Daria. Thanks a lot john the 7 oclock and lets get to the latest on the coronavirus pandemic thats a growing problem in california. Governor newsome as we know just gave that warning yesterday about a spike in cases and the state has seen its singleday total of cases the highest since the pandemic began yeah so weve got as we take a look at the numbers more than 5,000 new coronavirus cases just yesterday alone. Statewide for more than a 191,000 confirmed cases with 5600 deaths closer into the bay area were looking at more than 20,000 confirmed cases now with 538 deaths the numbers continue to climb and whats troubling guys they start to climb faster now like in Alameda County there reporting the most new cases in the bay area the past 24 hours 250. New positives kron fours reyna harvey is live there now with the details reyna. Well dorian james you just laid out the alarming numbers 5,000 new cases in california in a day an
H shares in now and hong kong up by. 5 . Pretty marginal gains here in the last half hour or so with it brings us near the top of the 2015 bubble. On the other of the argument hsbc is cutting china to neutral f this rally. Something to keep in mind as we take a breather here from the exuberance weve seen in chinese stocks. One more thing were watching is the hong kong dollar. Now 15. 7 billion hong kong has been injected into the system there. Solid that pair and the renminbi with a six handle for the First Time Since march. The strength of the renminbi certainly helping the equity markets as well. And gold still holding. Some breaking news from sri lanka, the federal bank cutting its lending rate to 5. 5 . Its a big cut, a 100 basis point cut bigger than expected. Economy expanding at a pace of 3. 8 in 2021. Much bigger than anticipated. Lets dig deeper into the ofkets and bring in ahead forpacific thank you joining us. Lets talk about china. Its going gangbusters in the last seven da
Complete decoupling from china. China and the u. S. Really in the focus. Decouplingthink that , interesting to hear out of the president s mouth. Definitely a lot of chatter that that could be the trajectory. We did see, even though we finished flat on the day, we did see some strength. A lot of those stayathome names, the zoom info. We mentioned this a little bit earlier, spotify having a monster day. They have been buying up all of these sort of podcast companies. They now have this deal with dc comics. Everyone has a deal except us. Taylor i will just ignore that entire thing. He did mention the retail investor. That leads me into the next thing that i want to talk about. It is thursday, which means we get that survey from the retail investor. They got spooked last week. Sincergest weekly fall january, down to about 47. 8. Clearly, some of the bears coming back out after seeing some of the bull action activity that we have been increasingly talking about. U. S. Off 13 . 50 million i