Of tech trade war, while the streaming giant netflix misses estimates. Welcome to surveillance. I am yousef gamal eldin in dubai. Assetse risk eye firmly bid, the state of play of the s p 500 currently called substantially higher after of course the earnings picture continues to fill overnight, including from netflix, which came through with a miss. Latest lawsuit and the uncertainty in stride. U. S. 10year finally Getting Movement in the last 10 hours. We are at 81 bits, and the selloff really taking a little bit of momentum over the last few hours. Behold yield curve beyond five years is trading at four month highs. It is not a volatile rising bond yields. It is doing nothing to help the dollar, though. On the currency note, you have traders testing the chinese governments tolerance for a strong yuan. A major move in the u. S. Fx space keeps rallying, no matter what officials you doing. Gold getting a list as well, up. 7 . Keep an eye on that trade is what Billionaire Hedge Fund mana
Forces loyal to the warlord honey for hofstadter calls grow for the u. N. To investigate the government appointments that sparked angry protests in the democratic republic of congo and an ancient japanese tradition thats allowing worshippers the scale the spiritual heights of mount fuji despite coronavirus restrictions. And im santa how much with all the sports including one of the major football leagues in europe will make its return is the tambour top division that will be back with a limited amount of fans allowed in the stadiums. A political witch hunt thats our President Donald Trump has described the u. S. Supreme courts ruling on his tax returns and financial records they can now be made available to new york prosecutors but not yet to congress the Manhattan District Attorney wants the documents as part of a criminal investigation into hush money payments made to women trump allegedly had affairs with the other ruling concerned committees in the house of representatives have bee
Online more Central Bank Action from japan helping fuel the bulls and despite all of that, oil plunging again, down more than 20 as we see one Energy Company file for brankruptcy. Ahead on todays show, were taking a deep dive on the path forward for retailers. That sector deals with the fallout from the lock down well speak with about the issues facing the industry and be joined by former macys ceo as Department Stores deal with their own challenges and bankruptcy concerns swirl around the sector were up 5 on the s p with 59 minutes left citigroup is up 8 still down 42 year to date. Lets focus on the big stories were watching today mike is is tracking the market moves. Meg has the latest mike, lets kick it off with you and the broader markets. After about two weeks of going sideways, the s p 500 gets a little bit of a boost today to basically the levels it saw at the post crash highs of ten days ago. Take a look at how it fits into the broader picture here 2874 is a number that we firs
Virus could soon peak in new york city. Weve already seen the apex in madrid italy is clearly over the hump that means buy storks. Cover your shorts. The bull is backs todays run d 1627 points marking its best day in two weeks s p soaring 7. 03 . Nasdaq 7. 3 . Can it really be this easy or does this represent too much optimism i think its a bit of the latter wall street is a group of index buyers and traders when we care about the new number of coronavirus cases, number of hospitalizations and mortality rate index buying was so intense it moved stocks like they were play things now, does that mean we should buy the nasdaq when we have more ventilators, sell it if we dont have enough personal protective equipment . Do we buy the s p retail etf when we get a decent number from, i dont know, Governor Cuomo . No, its kind of ridiculous. Were simply seeing, though, the flip side of what happens when people were downbeat as they were last week when the president s team told us some pretty ho
Legacy energy source. Senator udall of new mexico and i have an amendment that will close a loophole in federal Energy Policy. I want my colleagues to know, and i think they do, of my long support for renewable and alternative sources of energy and so i agree with the aims of the murkowskimachin murkowskiy bill. The amendment that senator udall and i have introduced is the same as the bipartisan bill we introduced last week. The title of that bill is the fair return for public lands act. Mr. Grassley this bill was introduced 100 years to the date of the mineral leasing act of 1920. This amendment would increase the royalty rates on federal lands from 12. 5 to 18. 75 . Everybody here knows that a royalty is what the oil company will pay to a mineral owner. In this case the mineral owner is the american taxpayer, and that royalty is paid for the right to extract oil and natural gas from the lands of the United States. The legislation modernizes the public lands leasing system and it does