Even pharma is down. One thing you have pointed out is the volume and how it has picked up as we sold off today and extended yesterdays weakness as well. Yesterday volume had dried out and people were sitting and waiting. You are seeing a pickup in activities this week. What do you think that signals . Brent i will go back to my opening comments from the standpoint of people who are shortterm market participants, thinking of the next couple of weeks what is volatile given the reopening has started and we will get realtime feedback of how that goes. There will be spots where it will not go as well. If you have those setbacks in those areas, that would be a nearterm market detractor. We will find ways to deal with this. Treatment,ccine or these have become political statements, but i do think america will find a way. That is what capitalism and democracy does. It adapts to problems historically. We have this big blanket of the economy which was a thing we needed to do and now we are find
Be playing into sentiment. All of the sub indices in the s p 500 are lower now. A real pause in earnings reports from the Oil Companies to amazon, down 7 after saying it would likely spend all of its operating profits on covid related preparations to protect employees and customers. Also saying that revenue increased, which was a positive sign out of amazon, but again, investors selling that stock today. Barrelil was above 20 a , so i bit of a recovery, if you want to put it that way. It certainly doesnt feel that way. Then we had the ism manufacturing data earlier which really cast a pall over the earnings outlook. Ecb president Christine Lagarde is forecasting euro area Economic Growth to shriek as much is 12 this year. This is the central bank announced a series of further that effectively amount to do an Interest Rate cut. Thanks on the front line of the economic recovery puts banks on the front line of the economic recovery, but does it go far enough . Ofh us now is Marilyn Watson
Treasuries,on the we will be speaking about that in a moment with our guest from pimco. Still at 1. 35. We are off the alltime low but this is still elevated. And futures, slightly down, 1. 4 . In the 1650 an ounce range. Volatility in europe also elevated. Trading stoxx be 50 2381, pushing up to fresh session highs. 06 . Oxx 600 is down by it is not exactly a turnaround that it is a stabilization. In europe, exactly the opposite. We are trading 50 on the german tenyear, another two basis points on the downside. The bones keep getting bid Bashar Alassad bund the bid. S keep getting vonnie President Trump is seeking supplemental funding to tackle the coronavirus and he spoke earlier about chinas role in the outbreak. Pres. Trump i have spoken to president xi jinping and they are working very hard. If you know anything about him, i think they will be in pretty good shape. They have had a rough patch in the think right now, it looks like they are getting it under control more and more. To
Languishing in storage. An president xi jinping confirms china supports carrie lam in hong kong, but says the protests create the grimmest and most complicated challenge. Paul all right. We have the market open here in australia. It is highly likely the asx will make some record highs today. But we have a staggered open here so it is fairly quiet right now. Just modest increases that we are seeing. We are going to keep a close eye on westpac, now facing its 4th investigation into these Money Laundering allegations just filed by the banking regulator today, announcing it will be investing getting whether law. Ac broke the we have new zealand higher by almost. 5 . Was packed new zealand shares still in a trading halt. U. K. Futures looking flat right now, a similar story for u. S. Futures. But that may well change during the course of the day, especially after we saw some very positive gains on the u. S. Equity markets tradeinspired during yesterdays trade. We will keep you uptodate as t
The dow plunging 280 points and s p 500 down 6 and nasdaq down. 55 but that is not true if the trade war were really all important, the averages would never have been able to surge to record levels over and over and over again as tense as negotiations may be it is more of an issue than most people seem to realize if that is the case, what just happened over the last four days why is the action suddenly become to frightening . What does it mean for your future and your portfolio . You have to think about larry kudlow, the chief economic adviser and Steve Mnuchin and thought china would be willing to open up the economy to American Financial companies if the president would give them a stay of execution on the scheduled december 15th trade hikes. But the hardliners in the white house, no, they warned us. They warned that if the free traders kept talking up the prospects of a deal the Chinese Government with push for better terms. That is thur style weve seen this before every time trump