3 10 of 1 . The dollar is on offer and the pound is overtaking the 130 level. We will try and see whether or not we are getting developments in the brexit story. Some suggest from the bbc that a deal has been done on the internal market bill that will tradingmps and crude higher as well. We saw Inventory Data a little bit early on. The fed is the main event. Alix but also, a vaccine. The official says that all americans may get a Covid Vaccine by april. The s p so far has no reaction and we are already off the lows of the session by. 3 . All americans may get a vaccine by april, unbelievable, if we can get it done and distributed. The fed has to take that into account as well. Joining us is randall kroszner. Always good to talk to you. I am trying to understand how the fed looks like a headline looks at a headline like vaccines and some Economic Data that is not terrible. Service sectors were not bad. We did not have a catastrophe because of no extra fiscal stimulus. How does it deal w
Is a warning to the entire industry. More planes into a collapsed market. Shery lets get started with a quick check of how markets ended in the u. S. U. S. Futures right now seeing some downside, down 2 10 of 1 at the moment. This after u. S. Stocks closed at a six week high. We have financials leading the gains. Surprisingly good earnings reports coming from Deutsche Bank which is helping sentiment. We have more positive sentiment and perhaps some expectation there could be more stimulus aasures given that we have trio of Major Central Bank decisions this week. 25 s p 500 up more than from its march lows. When it comes to the nasdaq, also gaining ground, about more than 1 for the regular session. Take a look at what oil is doing because we are seeing some upside for wti which is gaining about 1 . Backafter oil plunged below 12 a barrel. We are now seeing it just nearing 32 a barrel. We did get u. S. Drilling cuts but at the same time come we have the biggest oil etf in the u. S. , say
Locations. Its an historic morning as the fed injects 2. 3 million in loans into the american economy. Powell has a live webcast in about an hour. We have the opec plus meeting to watch. Jobless claims, 6 million for a second week. But your point a moment ago is the fed is helping to take a credit crunch off the table and all we need at this point is a break on the science the fed is not going to be the reason why we go into a depression they want to stop that they want to make it a recession. Sometimes, i mean look, i was critical just a couple years ago when powell was talking about tightening when the economy was actually getting weaker. He is so far ahead of the curve that it will be studied. We will be studying this period, and we will say, unlike 1937, when the fed got tight and they threw us back into depression, we will say that jerome powell, after being a little unsure about how to handle things, decided to go out front and said we will make it so that if you want to make loa
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
Particular pressure early in the session, but paring some of those losses, down by about 0. 3 right now. We had seen the pound gaining on the back of those polls i mentioned in the headline, but that seems to be shortlived. Now we see a fairly flat pound. 1. 2916 is where we trade on the u. K. Currency right now. Lets check out a bloomberg first word news update. Heres leighann gerrans. Ighann beijing told the u. S. Ambassador to quit meddling in hong kong affairs. The chinese also warned the bill could affect cooperation in important areas. The u. S. And china are in the midst of negotiating a trade deal. The white house is pushing to wrap up negotiations on a new trade deal with mexico and canada. The agreement known as usmca has become President Trumps top legislative priority. The administration and House Democrats have been locked in talks for months to secure a vote before the end of this year. Democrats want more enforcement of labor issues. Both mexico and canada say there has