Action now we are in the preparation but this is a big thing for the banks. You know the action we are in before now are becoming entireliness to take intoation for the reduced amount renault rallies on a plan to revamp with a plan with nissan and mi and. In hong kong, legislators debate a Controversial National anthem bill. A warm welcome to street signs this morning. European markets have been open about an hour now. Weve seen stocks advance. Going about 40 basis points higher we saw the risk on trade come higher in europe, we had travel and leisure going about 20 . A lot of reopening of the economies and airways with germany coming into focus to lift its warning for travel around europe in midjune. A lot of hopes around the summer months and the reopening all eyes on the European Commission we are looking to see whether they build on the french german agreement around a Eu Recovery Fund later today a lot of attention around the fiscal response. Weve heard from the ecb and the questi
Were not seeing anything like that today. We have tech stocks that are lifting the nasdaq right now. Dow is down about 44 points but the nasdaq looking nice and strong here, up 94 points. The coronavirus pandemic of course is still causing not glitches but massive disruptions in particularly the u. S. Meat supply. Shortages are now upon us, as stores now limit purchases of beef and pork and chicken to prevent hoarding. That has beyond meat surging after the plantbased meat giant reported better than expected quarterly earnings. That stock up 23 . But its biggest competitor, oneupping beyonds good news. Impossible foods and its ceo pat brown are here in a fox business exclusive on his huge deal that he Just Announced with kroger and how virus hot zones are popping up in meat plants and spurring consumers to make a big change in what they are putting on their dinner table. And as lockdowns linger, more companies are realizing that keeping employees working from home might actually improv
Reports out of earnings. Some ceos talking about china being slow to recover, for example. Seeing the pace picked up at a very slow rate. We also have the Economic Data this morning, personal spending down 7. 5 in the united states. Compoundingdp data yesterday. That said, the 10 year yield us to let 60 basis points the fed and the ecb are doing all they could possibly do to keep the Financial Markets working. To point out. Ocks tesla up 4. 3 , just one exhibit 11 Earnings Report investors were cheered by, even though there are plenty of challenges facing tesla ahead. Twitter reported advertising revenue down about 1 4, and even though monthly and daily subscribers are up, the advertising revenue is very concerning to investors. That stock down more than 5 . Lets talk more about the ecb. The central bank is absently front and center. The data out of the euro zone today, 3. 8 in the First Quarter, the fastest contraction we have ever seen. The ecb now seeing a series of longterm loans f
Cruise ship is being treated with an experimental drug made by Gilead Sciences. Hes in the Nebraska Medical Center in omaha. Overseas, virus cases linked to italy have spread to five other European Countries, and virus cases linked to iran have spread to iraq, afghanistan, kuwait, oman, lebanon and bahrain. Brazil is testing a man who recently visited italy. If a second test is positive, it would be the first case in latin america. Health secretary azar told congress quote, we cannot hermetically seal off the United States. The cdc says its not if it arrives, but when. Worldwide, economies are slowing, there is a fear of association with anyone who may have been in any way near a Virus Outbreak. Some borders are closing, flights canceled, hotels with any possible carriers, locked down. All right. Now lets show you the markets. Its all over the place. The dow at one point very early this morning was down over, well over 400 points. Now weve got a green arrow showing maybe a gain of 60 p
Holidays me. A legal u. S. Citizen born and raised was subjected to having my face scanned by the department of Homeland Security not only when i return to the United States from my travels abroad but at the very beginning of my trip as well. Now legally u. S. Citizens like me can opt out of these scams but in no way was that made aware to us at the departing gate nor were we told that upon reentry instead we got the brusque dystopian style treatment weve seen in many a Science Fiction film that left many of us fell of me and my fellow travelers feeling violated for simply wanting to travel beyond u. S. Borders but having your face scanned by a faceless Government Agency feels invasive imagine what immigrants and refugees must feel like when after their long hard trek to the shining city on the hill that is the United States the u. S. Government reaches into their mouths and takes the very strands that make up the core of their being regardless of their consent im talking of course abo