Million. Brazil is the worlds pandemic hotspot. Infections in india rising at the fastest in asia. The fed chief is staying neutral on u. S. Aid, dodging senate attempts to make him take sides. He says more help would be needed but stopped short of a full endorsement. Shery we are seeing further afterre of u. S. Futures stocks fell to the last part of the trading session. We have had a strong start in week but there was a report on modernas vaccine study did not produce enough Critical Data to ss its success. There are similar patterns with drug makers like gilead. We saw the selloff. The s p 500 fell for the first time in four sessions for the nasdaq was outperforming at one point but turned negative. Look at what oil is doing, seeing wti above the 30 a barrel level after closing at the highest in nearly two months. We have june futures expiring tuesday. A month ago when may rises plunged prices plunged, we are not seeing that reaction this time around. There is more signs of markets
Rates. Not want negative the bank of englands own debate with subzero policy continues. Andrew bailey testifies today as the u. K. Chancellor sees a recession unprecedented in scale. 6 00 a. M. In london, 9 00 a. M. In dubai. The global debate on negative rates. Rbnz thatt was the shifted the dial in terms of monetary policy. Only thing i learned is steven major comes and gives me one phrase which is, what the aussies and the kiwis do, bets the global agenda or pushes back on negative rates. I think it will be interesting to see where the fed would be with the ecb. Their rhetoric is shifting further away from the and irp domain nirp domain. Lets see what happens with the bank of england. Nejra you love that phrase and i do remember it well. Absolutely saying that negative rates have got to jump the hurdles. When we heard from powell yesterday as well, where the focus was much more from the take away with him not being so gung ho about talking about fiscal the way he was in the past but
Ready and waiting. Jerome powell says the fed is willing to use all weapons to combat the coronavirus downturn. Philip lane says the ecb is prepared to boost bond buying. Andrew bailey testifies in front of lawmakers today. A lot of centralbank action. Global coronavirus cases near 5 million, as one report throws cold water on modernas vaccine testing. That is what drove stocks lower yesterday and now we see futures down here, up in the u. S. And asia, say mixed picture. J. P. Morgan joins a Goldman Sachs in saying that further quantitative easing is needed to cap bond yields. The u. S. Is so strong a billion dollars of 20 year treasuries today and it looks like a lot more supply is getting mopped up by the central bank. An hour away from the start of cash equity trading in europe. Take a look at the picture here. Arrowslooking at all red in terms of futures, euro stoxx, ftse futures and dax futures are down. If you take a look at the u. S. Futures picture after the downturn yesterday,
We have a show full of chief executives and experts when it comes to treasuries. We will have a conversation with scott f. Thiel shortly. This is what markets are doing. Charts withuple everything from s p to growth versus value stock. Oil is pretty much study. Decline in banks. That is pulling stoxx 600 index down. Crude, i look at it every day because of what we are seeing. Around 32 a barrel in new york day rally. Four we will have market checks every 15 minutes. Lets get to the bloomberg first word news. President trump is hoping reopening the economy will dampen the need for another round of stimulus. That is shared by republican leaders, with Mitch Mcconnell sang the only way out of the crisis is for america to grow again. President trump is predicting a great thirdquarter. Talks have soured with the u. K. Negotiator accusing the eu of offering a low quality deal. David frost says it is unworthy of the fair trade agreement. Michel barnier a says they want to keep the benefits of
Idle, now chiaramonte lawsuit and investigation by the license board which is looking at criminal and possibly federal charges. The lack of integrity as a human to do Something Like this to almost 100 people is just, just unconscionable. Reporter carol mchale is a victim who filed suit. Her house should have been finished by now. Instead shes had to hire another contractor. They owe her 90,000. When will this end . It be finished when i see them in jail. Thats when it will be finished. Reporter so the next question is, whats the next step . We called the das office here n today. We asked what the senate us of the case was. They said they have not received the case yet. It is still under investigation. Thats the latest. In an ongoing story. Live in santa rosa, wayne freedman, abc7 news. Started butsay somef re did they have problems . Reporter well, you heard some of those problems at the beginning of the story. Trusses, septic tanks, money that they say they are owed. All kinds of prob