Ten states are beginning to work on plans to open parts of their economy. Maybe in may, the fed launches a commercial paper funding fa s t facili facility there is an argument that calls for stocks to retest are fading. I thought yesterday was an important day with the dave kostin change. I did a lot of work, help with larry williams, about how many times when you have a 50 retracement or more, we have a retest the answer is almost never i think theres a lot of people coming on someone came on the air this morning and said in every single case you have to have a retest. Thats completely untrue if you bounced up 50 beginning last friday thats what we did. A lot of people say this thing is based on large cap companies. Thats what we do. Were not trading luncheonettes here thats not to the detriment of luncheonettes. Were not trading hair salons. Thats not the way it works. We trade Large Capitalization Companies that do better than smaller ones in this environment. Thats life. Is it fair
First reported. Yvonne china is considering measures to bolster the economy amid the virus. The pboc may cut its benchmark deposit rate to encourage banks to lend more money. This is Bloomberg Markets. china open. Asia looking mixed after the backtoback gains for the first time in at least four weeks. The u. S. Stimulus package being negotiated. Thats causing jitters. We also have barclays coming out to say theres still risk of capitulation. Ofport from buybacks because their earnings downgrades. Also because the metro macro picture was heard this morning as contractions, worse than expected. We could be looking at 1 to 4 . Yvonne that is a shocker, the singapore numbers. 10. 6 fall the First Quarter, which was a big miss. Lets see how singapore markets digest this. Taking it in stride, but we are pretty much lower. Mostly lower, but mixed in the asiapacific. Without the best rally into thousand eight. The msci lower by. 10 . We will see what happens. They meet next monday. Futures are
So we could really use any of these measures as President Donald Trump said hes not considering a National Lockdown but is limiting nonessential travel on the u. S. And mexico border summer of the one taken with the u. S. Canadian border. Were working with canada and mexico to prevent the spread of the virus across north america very closely you heard what we did yesterday with canada is a joint comprehensive effort in collaboration with our neighbors. To measure and all of those measures that were putting in place will protect the health. A little 3 nations and reduce the incentive for a mr lobel migration that would barely deplete the Health Care Resources needed our people and so we are working very closely with mexico very very closely with. With canada and the relationship has never been better world working for the same toward the same goal. And new york is also taking more aggressive measures asking for all nonessential workers to stay home as cases climb to more than 7000 stati
Holding fire today after two emergency cuts, futures point lower. The economic cost. Larry kudlow says the jobless claims figures today will show a very big increase. Bonusese, wall street could be cut by 40 this year. Just under an hour away from the start of cash equity trading in europe, lets take a look at futures. After two days of backtoback , we did have a record jump on a lot of indexes the day before yesterday. That was bolstered by another gain. Futures are down by 2. 5 . Take a look at futures in the u. S. This morning, we had a mixed picture. Now it is turning red across the board. Futures globally turning lower as we get closer and closer to the european open. The u. S. Senate has passed a record 2 trillion Coronavirus Relief package. The approval comes after both parties moved past a lastminute dispute over Unemployment Benefits for lowwage workers. The onus is now in the democratic led house to pass the bill quickly and send it to President Trump for his signature. Joini
All 3 nations and reduce the incentive for a mass lobel migration that would badly deplete the Health Care Resources needed for our people and so we are working very closely with mexico very very closely with. With canada and the relationship is never been better were all working for the same toward the same goal. New york is also taking more aggressive measures asking for all nonessential workers to stay home as cases climb to more than 7000 stating that businesses that are not in compliance will be fired california the nations most populous state with nearly 40000000 people has also ordered its residents to stay home unless they need essential goods california was the 1st to implement meant mandatory statewide restrictions this could have a great economic or cause great economic disruptions to put it into perspective if california were its own nation it would be the worlds 5th largest economy approximately 50 percent larger than italys. And markets around the world are continuing to