News from california yesterday and have been. ,olatility is a little elevated and we have got a really negative u. K. Two year yield. We were below japan a little bit early on. Slightly better retail numbers, but i have to say a bleak forecast coming out of the obra. Even the medium one i do not think it was positive. What are we going to be talking about . We will be talking commodities. We will chat oil and a little bit of copper and gold. Francisco blanch will be joining us a little bit on a little bit later on, and he is the head of the Global Commodities research at the bank of america. His dash cam weighing in on those commodities commodities. Fargo, citibank and jp morgan with jp morgan the outperform or. What stood out to you. It was something that one of our guests said earlier, validating the thesis that the strong get stronger, banks like jp morgan can use their skill to build up the dominance. In terms of how the shares are performing it is a mix. Jp morgan all the loan gai
Volume on the s p 500. There was commitment on this rally. Taylor start with the chart i am showing you in my terminal. You asked about hedging activities. Look at this chart, or the lack of hedging. People have an minding bullish call options, but not a lot of bearish put options. They are down very low. Buying puts could have cost you a lot of money. That is why we are seeing this rally. I want to look at the individual movers, American Airlines jumping after a 40 gain yesterday. They are seeing a 70 increase in demand. Suspending in some markets because of demand. It was up 100 at one point earlier. I was chatting with remain, this is a romaine. Typically an equity is worth nothing but if you are optimistic on travel, you are buying the shares no matter what they are worth. Crude approaching 40 a barrel and tiffanys, a stock the three of us continue to talk about, up 6. 5 . For will maintain their bid the jewelry maker, but there is a lot of debate. Lets show you this chart. All of
Damaging as the financial crashes. Italy is taking steps to contain the worst infection rate outside of china. All businesses and pharmacies are ordered to close. Shery lets get you a check of the markets in the u. S. We had the dow fall into a bear. Arket territory, falling 20 the s p 500 a hair away from the 19 lower than the previous high. We had every group on the s p 500 sinking more than 3 . The nasdaq down 4. 7 . U. S. Futures under pressure. We have seen no more details on the substantive stimulus that President Trump had promised. In the afternoon, he said at one point that the u. S. May not need the fiscal measures. That did not sit well with the markets. U. S. Futures gaining 2 10 of 1 . We will see how we do without how we do throughout the rest of the session. News and headlines dominate market sentiment. Sophie a lot of caution. A she futures pointing lower despite the global stimulus engine being revved up. In new zealand, a fiscal response is being considered. The rbnz
Appetite reverses the trend weve seen of late joining us, steven weis, managing partner of weis managing partners. Thanks for being here. Thanks for having me. I like the no tie look. I do that on a friday. Hes, i guess, getting the positive sentiment going here. Absolutely. Even though its only tuesday. When you look at whats really leading the s p higher today, its tech stocks its the Semiconductor Names what do you think right now . So, i own smash which is semiindex, ctf i owned it coming in today, bought more immediately when the news hit its not something i typically do i sold some in the last halfhour. Im not sure this momentum is going to continue. Its highly volatile, and when you have profits and positions that arent core positions, take them, be happy look at where the market is. The market is no further than where it was actually, its lower than where it was. Go back a year and a half, its basically flat core positions you dont necessarily touch unless the fundamentals chan
Youre watching deprecation coming to you live from new york, sydney and hong kong. Counting down to asias major market opens. Australia has just open for trade, the top stories this hour. Asian shares poised open higher after that this comes from fed officials, oil and gold Holding Gains in the aftermath of attacks on israel. Benjamin netanyahu says that retaliation has started against hamas as militants are warned they are prepared to kill hostages. Plus, xi jinping meets u. S. Congressional leaders facing criticism for chinas stance on the middle east conflict. Look at how u. S. Futures are trading in the Asian Session, not a lot of movement after we saw the s p 500 gained ground in the new york session. We did have Energy Companies really leading today given that oil prices were higher in the new york session. We are holding at 86 per barrel and they jumped more than 5 . We continue to watch the implications of a wider conflict in the middle east. Although the u. S. Has said that it