Tolls. President trump team preps plans to reopen the u. S. Economy. Boris johnson remains in intensive care. The single currency wobbles as she euro area finance minister struggle to come to an agreement on a Recovery Plan as the joint debt issue is a sticking point. A joint press conference expected at 9 00 a. M. London time. Oil moves higher on reports saudi arabia and russia could stop this comes as the u. S. Cuts its Production Forecast ahead of tomorrows opecplus meeting. As i said, just under one hour away from the start of cash trading in europe. Take a look at futures this morning. It is a bit of a flat trade. As we said, you have euro stoxx 50 futures down 1 as well as ftse futures. If you take a look at u. S. Futures this morning, you see a higher picture so they balance each other out. S p, dow jones, and nasdaq futures all of although you did have u. S. Stocks ending the day slightly down yesterday, whereas european stocks of course ended the day in the green. Anna. Anna l
Hour, jp morgan private banks and Asset Management ceo and cnbc contributor we begin with breaking news. Nearly 90 of the s p 500 is in correction territory what is called a move of 10 or lower from recent 52week highs. All the major averages look to push deeper. If these futures moves hold, the dow would be down by 620 points at this stage. The massive move of volatility we are currently just off our worse levels so far. Checking treasuries. The 10year note long bond currently near the 10year note yield 1. 91 . 30year treasury long bonds, 1. 69 . Twoyear note yells below 1 as well we are seeing red across the world as they enter their correction mode. Not a spec of green to be seen global Team Coverage this morning. Matt taylor in singapore and Steve Sedgwick in london matt, well begin with you in asia the route continued there as well absolutely, dom a rough day. Many markets entering correction territory. Falls across the region in the order of 2 to 4 as those virus cases outside of
Ferro, Lisa Abramowicz and annmarie hordern. Jonathan lisa told me off last time we did this, lets get to the weekend. I will start every hour with that. Live from new york city, good morning for audience worldwide. It is payrolls friday, equity futures on the s p 500 positive by. 1 . The most important payrolls print since the last one, until the next one. Will a double down on the booming 353,000 of last month. Lisa we are positioned for heads i win, tails i win, ultimately no one is betting on a reaccelerating inflation growth and thats what we are expecting from the payrolls report. 200 k is the estimate this morning. Weve had the adp, the services component, the employment component. None of it was this big blowout upside surprise that we all feared a few weeks ago. I was going through this and every time i kept kicking myself everything about the data has been goldilocks. Its the reason why people are pricing out the idea of reinflating the economy or true real weakness either. I
The Heritage Foundation ink Heritage Foundation and good morning. Great to see you. We have many friends with us today for those of us joining a person watching on line are viewing this on cspan we are grateful that you were included in with us today. I am robert bluey executive editor of our news outlet and its my pleasure toto host the great cal thomas for todays event. As one of americas most read columnist with a distinguished career in media theres not a lot i can tell you about cal that you dont already know. Ill start with his new book which is called a watchman in the night what ive seen over 50 years reporting on america. The book takes you on a journey in time as a columns from the start in 1984 the Los Angeles Times to today but we have a limited number of Copies Available for sale after todays event which cal will sign for you. This book is a remarkable achievement even for a rider and i can say that assn a writer myself. His other titles include americas expiration date, t
Us put this into some perspective, our Senior Market commentator mark santolli. You have the two day shakeout that is not yet undone last weeks rally you kind of gone up so far in a Straight Line and everybody acknowledged that the market itself is very extended to the upside sentiment is way too bullish you needed some kind of a rest i think youve had convenient headlines to come in there and grasp on to, whether it is apple on iphone demand they say okay maybe its time wlachlt is interesting is a lot of people pointing to this month end idea of rotating from stocks into bonds bonds dont have a very strong bid right now. Yields are not going up much anymore. But theyre just sitting there so i dont know if its just that or if its just kind of time for a reset and a rest of sentiment. Does it make you worry about february it makes you acknowledge that february is smimdzometimes a gi back month i think that brings it pretty much front of mind right now i think if you look back to august,