Cooperman taking on trump over the Federal Reserve in times of crisis Worldwide Exchange begins right now. Good morning and welcome to the show im dominic chu. Announcer to Brian Sullivan. With me the entire hour, peter bookfar wiright now stock futur indicate what could be a nice open to the upside, about 175 points within the last hour we were up 400 to 500 points implied. Well see if that moves. The Dow Jones Futures have been going from losses all the way to gains. At one point we had a range of 1100 its been a volatile, possibly preshadowing the market. Tenyear government yields we gone down to 1. 0 3 year, setting the record twoyear treasury notes, 1. 2 . The session low for americanbased crude is 43. You can see 45. 53 the last trade there. We have seen a bit of a downside move in the last hour or two lets watch whats happening a rebound in under way, in asia and europe as well as investors hope for action from global Central Banks around the coronavirus. Matt taylor is in singa
No huge moves just yet. We will give the market time to digest that. Once again, the bank of canada cutting 50 basis points. A little trepidation given the heating in the housing sector. Lets move to the u. S. Picture. We are getting a bounce today, and you can be sure that Services Data is going to do nothing to do away from that. The Health Insurers are at the top of the pack, up 12 for some of them, this after the super andday results showed Biden Bernie Sanders can for the democratic number nation. The 10 year yield at 96 basis points. We got as low as 90 points in the basis in the u. K. Session. Crude oil bouncing back about 2 . I believe we have a fiveday chart of the 10 year yield to give you an idea of where we have been for the last five days. We will get to that any moment. What is going on in new york, guy . Guy we are up 0. 9 on the stoxx 600. Utilities are leading. A defensive story when it comes to equities today. Feels like a risk on blowout we are seeing. The german ten
And we think we will see two to 4 billion of free cash, which is an uptick from where we were a year ago. We also highlighted that that guidance incorporates what we are seeing in the wake of the coronavirus and the first quarter, but we did not take a view with respect to the rest of the year because what we do not know more than outweighs what we do know. What we do know relative to the first quarters we will see probably 500 million, 200 million to 300 million operating profit pressure because of the effects of the coronavirus, principally in the aviation into a lesser degree our health care business. David the scientists cannot tell us where this thing is going. We do not know. If you kept the basic structure for 2020, do you believe we can get through this . You think this will not have a lasting permanent effect on ges business or the economy overall . Larry what we do not know outweighs what we do know. This will be temporary. That does not mean it will disappear tomorrow. We di
Ago. S p down by 151. And the nasdaq would open down by about 435 points this is limit down, they cant trade lower than this. Declines at 5 across the board. If this holds at the open, heres what you can expect in terms of the nyse Circuit Breakers that kick in. If the s p 500 dropped by 7 during the course of normal trading, trading halts for 15 minutes to have a cooloff period if it falls by 13 , it halts for another 15 minute period if it falls by 20 trading halts for the remainder of the day since these were implemented many years ago, weve never seen the levels tested. If youre watching the treasury market this morning, the ten year, almost impossible to believe watching how quickly things have fallen the ten year is yielding 0. 487 . Its been less than a week since it fell below a 1 yield and we have seen it collapse. Thats a bounce from earlier. So much of this has been keying off to whats taking place to crude prices over the weekend. Well explain what happened but you dont see
Nejra welcome to daybreak europe. Lets get a look of the markets. Another day, another record for the s p 500 with communication and tech stocks leading the gains. The s p 500 riding rising above 3200 ever. 3200 for the first times ever. The 10 year yields steady. Still above that 190 handle. Could we push towards 2 on the optimism over u. S. China trade. Atexpect a deal to be inked the start of next year. Lets switch over the board. Yesterday, we touched 31 basis points, the steepest since october 2018 on the 210. That reflects the view in the market that we see a little bit more today. Recession fears receding for 2020. We speak to socgen this hour. They have gloomy forecasts out there. No deal risk has been coming to the top of investor minds again. Oil also heading for a weekly gain on optimism around u. S. China trade even if we are flat today. , andrew of england bailey has been chosen to succeed carney as governor. The chancellor could reveal the appointment later today. Governo