The market, its the same as yesterday, the markets churning with gold moving higher. But you are right, we have seen a bounceback to green on the screen after the navarro flap. Its clear, its a market in search of a story in the line, maybe we can find a story from philip. Francine we will talk about runaway inflation with him shortly. Lets get to first word news. President trump calmed that the phaseng one agreement is fully intact. Peter navarro said that aspect of the trade deals were over on fox news, and he said his comments were taken wildly out of context. Mike pence is warning that more young people around the country are testing positive for the coronavirus. Making their mark in a Conference Call with governors. Concerned byed Texas Governor greg abbott. The infectionat rate is rising. Boris latest stage in johns Boris Johnson announcing the latest age in lifting the coronavirus locked down. Movie theaters and museums may open the door after next month and he may also cut the
Euro area finance ministers look for agreement on a corrective response to the crisis in a crucial call today. Shinzo abe says he wants cash handouts as quickly as possible. Lcome to daybreak europe a powerful rally in the u. S. Session yesterday. Investors seem to be looking for the virus peak. Cameron crise says, if you are looking for the bottom, it may not come for more than a year. Manus diamond warns that a recession could be similar to 2008. A trillion dollar stimulus from japan. The ministry of singapore going with liquidity requirements. Good morning. Nejra if we wonder whether the rally will continue into the u. S. Session, u. S. Futures lower earlier. On these, seeing green screen and asia and also in terms of european futures. The big move yesterday, taking the futures above the moving average and pushing through the end of march high. Do we get to a 70 handle . We are at 69 right now. Oil resuming its rally after we secretary the energy had a productive discussion over the
Moving news from around the world, from hong kong to new york to d. C. We start off with the latest in trade. Larry kudlow im a white house Economic Advisor, signaled the u. S. And china are close to signing phase one. We are coming down to the short strokes. We are in communication with them every single day right now. Joining me on the phone from hong kong is enda curran. Does china agree with this assessment . Musiccertainly, the mood from both sides now is that they are on track to reach some kind of agreement. Mr. Kudlows comments came only a day after china agreed yesterday to lift a ban on poultry imports from the u. S. They started to buy u. S. Farm produce again last month. Clearly some things are coming together, but there are outstanding issues. We still dont know where either side are on tariff removal. That is something of a redline on the chinese side. There are still other areas, like ip protection and the like. Still dont know when any agreement will be signed. Separate
That the that by doing this type of attacking, they can have an Economic Impact on other economies around the world and trying to get them to do business with iran despite the administration sanctions. From the administration standpoint, they are looking to s in order toranian bring them to the negotiating table to withdraw the nuclear ambition. Want does the white house or need multilateral support from other countries or is willing to go in alone . Kevin the administration and secretary pompeo has said theyre are not willing to take any option off the table. They also said they would encourage a broader coalition if possible. David changes at the white house. It appears Sarah Sanders will be out at the end of the month. Some people want Kellyanne Conway out as well. What is going on . Kevin they said Kellyanne Conway has violated the hatch act, which makes it illegal for anyone in the west wing to talk openly about politics or political elections while they are serving in office. She