In the last 10 days. The u. S. And china trade new barbs. Washington rejects chinas claim to the South China Sea. Top u. S. Senators are facing mainland sanctions. Haidi u. S. China sentiments dominating again with the grim overlay of rolling back restrictions around the world. This is how we are shaping up when it comes to u. S. Futures contracts, up by. 2 after what was a truly volatile session. We had the s p 500 touching levels prepandemic and we also have the nasdaq hitting a fresh record before finishing in the red and we spoke about tesla being a huge part of that tech eventual close lower. Nikkei futures up by. 2 percent. Sydney futures escalating in the red, point 8 lower, looking like a set up of. 5 lower, this as we are expecting an announcement today that the fed of New South Wales will ease back those restrictions when it comes to indoor gatherings at pubs after cases coming from the pubs. It is now over 20. New zealand trading modestly higher, about. 25 . Some significant
Handle on the vix. Towas really extraordinary just sit there and observe the turn in the markets yesterday. It continues this morning. Surprise, in an election year, we are thinking about infrastructure. A 1 trillion infrastructure on deck, according to reporting in washington, d. C. This shouldnt shock anyone. Tom not at all. As i said earlier, everybody tunes into you. They dont tune into me earlier. I get that. But to the people out there, it is a bridge to nowhere in kentucky, a bridge to nowhere in San Francisco for speaker pelosi. I guess the president can put a bridge to nowhere in florida. It is all about politics. You just say to yourself, why cant this happen . Why cant this get done . I dont have a straight answer. Jonathan i dont have a straight answer either. They are not here for me, tom. They are here for lisa. Lets talk about the data. Retail sales on deck. A series of upside surprises in the United States weve had in the Economic Data for much of the last month. Lisa y
Industrial data out of germany. Desha back to that euro. Within back to that euro. We have seen Christine Lagarde speak for the first time. She has been talking about the impact that the coronavirus has had. She said that the policymakers that the ecb have done what is justified but she continues to push for this idea that we do need this fiscal pop package to come through. The european commissions proposal for a revised financial train work and the next he generation eu are decided in this regard. It it is association it is associated with the proposal and could have an impact on the International Role of the euro. It will important to adopt that package quickly. Christine lagarde speaking a little earlier today. She will speak at the bottom of this hour as well. Speaking to us from washington is adam pozen. Banks,alk about central particularly the ecb given the fact that Christine Lagarde has just been speaking. Herhe doing enough and are calls for greater fiscal policy out of europe
Since the death since the disease emerged. The causing Severe Damage to the global economy. It also says australia is leading developed nations through the economy. Shery lets get a check of how markets are trading. We are seeing u. S. Futures under continuous pressure. The futures session right now. This after stocks fluctuated throughout the day. We had the risk on tone fading. This is Economic Projections pointed to the long road back to normal. We had the s p 500 falling half a percent. Finishing lobar display chair powell suggesting the pandemic could inflict permit damage on the American Economy and despite the fact treasury secretary mission says the u. S. Definitely needs additional fiscal stimulus so we could see more measures from the u. S. Government. The nasdaq composite was higher by seven tencent 1 . A similar mixed picture we saw with tech stocks rallying. The nasdaq 100 climbing to a record high finishing above 10,000 for the first time. Take a look at what the dollar i
We try to live in the moment, to not miss whats right in front of us. At mutual of america, we believe taking care of tomorrow can help you make the most o today. Mutual of america financial group, retirement serves and investments. Additional support has been provided by and by the corporation for public broadcasting, a private corporation funded by the american people. And by contributions to your s station from viewers like you. Thank you. Sreenivasan evening and thanks for joining us. This memorial day weekend flags across the country are flying at half staff to honor those who have lost their lives to the coronavirus a who lost their lives in military service. Even as governments begin to allow larger gatherings and reopenings, deaths from covid19 continue. Lets get started with todays top stories it feels great to have guests on the park again. To actually enter the park, you need to reserve a spot online. Sreenivasan americans are on the move this Holiday Weekend, going to visit