Technical people captaining the ship. Better markets, futures up five. The german headline that we just saw really shows a continued stimulus in the air. Francine it is. First of all, well done to our superteam doing a great job. Germany, we had that headline minutes ago which is why i was looking down, the stimulus package to boost the post virus economy. And number of initiatives in europe, and a couple of governments saying not only minimum wage but no company big or small will be left to fail. In france, they made a lot of workers take their holidays last week so if they can reopen they will do so in july and august. The European Union was looking at suspending the budget deficit rules which would be helpful for companies to spend as much as they can. Tom lots going on. We will talk with Kevin Cirilli about that press conference yesterday and dr. Fauci not in attendance. Right now with the news in new york city, viviana hurtado. Viviana republicans and democrats are trying to reach
Myriad of things, hard to believe that congress is not going to get on and vote down any of those dynamics. But its got to be a series of things. It is not one silver bullet. I think they will do something. On the regulatory front, the banks in this country are in great shape. They have capacity. They have the wherewithal, the capital and liquidity to not exacerbate the problem what they have in past cycles, where they are piling on. I think theres room to continue to deregulate them and allow them support. Isolation is really key, and wiley country like singapore or china can do this effectively, how they can do it in the United States will be absolutely key. Jonathan acid a new discussion. Fascinating discussion. Great to see you. Lets get you some price action in this equity market. 32 minutes into the session, the equity market is down hard by 2. 87 . A wildbond market, just move on the 10 year treasury. That yield coming in at 21 basis points. The 30 year down by 29 basis points.
Do you save this rally or buy into it do you fade this rally or buy into it . Those are the questions throughout the next two hours. For now, it is time for global exchange. We will bring you todays market moving news from all around the world, from shanghai to berlin to london. We begin in shanghai, where president xi jinping address Global Investors for the First Time Since china and the u. S. Resumed trade talks in september. He were a firm set the country would open itself up to trade even further. In order to boost growth at home and create more , chinar Global Growth will give greater importance to import. We will continue to lower tariffs and institutional transaction costs. Alix joining me now is bloombergs china correspondent selina wang in shanghai. President trump wasnt specifically mentioned, but it was almost like he was there. A thats right. Im here at the shanghai Second Annual import expo conference. There are thousands of countries here from from alibaba to astrazeneca
Employee. And shares of under armour under a lot of pressure, a federal probe of the Accounting Practices. And wall streets record rally on the heels of both the s p and nasdaq the dow is on track for new highs at the open. Well start with that stunning news from mcdonalds, the company has fired Ceo Steve Easterbrook after he spent more than 4 1 2 years on the job. Mcdonalds says he violated Company Policy by having a consensual relationship with an employee the new ceo is Chris Kempczinski, president of mcdonalds usa in an email to employees, easterbrook admitted the relationship violated policy, saying this is a mistake, given the values of the company, i agree with the board it is time for me to move on. Already today, jim, one downgrade, piper to neutral, says changes of this magnitude tend to be disruptive. I think thats why i hate to say this, the stock was down badly on friday. I would like to know more about when and how long they have known this this is one where it is pretty
Cant believe we didnt tell him it wasnt for sale. I cant believe this is even a conversation. David when this first came out, every one thought it was a joke. Hes just getting hes just kidding. And then maybe not so much of a joke. Alix do we know why he wants greenland . David because the arctic, particularly because of climate change, has become much more important. There are really Strategic Interests in greenland. In fact, president truman tried to buy it in 1948 for similar reasons. You invited meis to my house, im not coming unless you sell me something. Alix in the market, we had retail earnings coming out. We get a nice rally underway here. Eurodollar is flat. It is a mostly weaker dollar story in the g10 space. Selling in the bond market with the exception of italy. Inflation expectations continue to rollover. No one taking any big positions headed into jackson hole. The question is how you hedge this. David time now for the morning brief. At 10 00 this morning, we get u. S. E