Swiss drugmaker roche wins emergency approval ceo tells cnbc it will take more time to deliver a vaccine. It will take years to develop a new medicine, so most experts agree that it will take at least 12 to 58 months until we see effects and available in the necessary quantities for patients. Travel stocks as billionaire investor saying he was wrong to buy into the sector. And the uk looks to overtake itsly as the worst hit country with death toll nearing 29,000 as rome eases restrictions while the British Government plans to ease its road map later this week welcome to street signs. Lets kick off with fresh data this is the eurozone april final manufacturing pmi. This, a number just crossing the wires. It has come in at 33. 4, broadly in line with flash estimates of 33. 6 we in terms of the detail here, the final new orders pmi, one of the components came in at 18. 8 that was slightly worse than the flash numbers at 19. 1 and marks a survey low new orders are looking very, very weak.
Governments around the world pump cash into the Financial System the president promised a large stimulus package, including direct payments to every american and boeing and u. S. Airlines, a Financial Aid package for billions of dollars as the treasury secretary called the situation worse than 9 11. Steve liesman has the latest from the fed Kayla Tausche is tracking the fed response from washington much more from her as you just heard. Lets start with you, mike, on the key market levels. We just bounced off a key market level, wilf s p 500. We closed yesterday about 1 above that december 2018 closing low about 2351 we spent very little time under the 2500 level now what this is, i would call it a very modest bounce, given the destruction that we saw in recent days. I think you can make the can case between thursday to monday you had a multistage capitulation process we should be bouncing on a tuesday after a washout monday right now looks okay but not so decisive were down 30 from the
Traders should be doing next with uber. Im melissa lee. On the desk tonight, mike khouw, carter worth, and Brian Stutland we start out of tonight with the market wobbling, the s p down over 2 , while the nasdaq fell over 2. 5 . Next week the latest readings on inflation with cpi and well also start to get our first reads on the state of the consumer as retail names start reporting, disney, ralph lauren, capri, all next week, and then the week after its the big boys, walmart, target, macys, home depot, lowes and many more it has been a mixed bag for retail this year carter, what are you expecting for disney yeah, first lets look at the disparity or divergent between the actual s p 500 Consumer Discretionary sector and the equal weight sectors, youll see on the first chart of the screen these two lines, one is the actual sector as constructed by up some 34 year to date and thats dominated by amazon and tesla. Those four almost 50 weight the real message of consumer is the other line, tha
What traders should be doing next with uber im melissa lee. On the desk tonight, mike khouw, carter worth, and Brian Stutland we start off tonight with the market wobbling, the s p down over 2 , while the nasdaq fell over 2. 5 . Next week well get the latest readings on inflation with cpi and well also start to get our first reads on the state of the consumer as retail names start reporting, disney, ralph lauren, capri, all next week, and then the week after its the big boys, walmart, target, macys, home depot, lowes and many more so lets kick it off with the charts here. It has been a mixed bag for retail this year disney is negative carter, what are you expecting for disney yeah, first, lets look at the disparity or divergence between the actual s p 500 Consumer Discretionary sector and the equal weight sectors, youll see on the first chart of the screen these two lines, one is the actual sector as constructed of standard and poorss. Up some 34 year to date and thats dominated by ama
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