France and germany and others remove travel receptions spur tourismu. To and britains nonessential shops opened today as well. Stocks fall on fears of a wave of rhinovirus infection. Over 20 u. S. States see a pickup. Tokyo sees the most cases in over five weeks. Beijing reports another outbreak. Plus, bloomberg learns of an internal plot at nissan to take months beforeown his arrest in japan. The information comes to light and is due to face a trial in tokyo. Just under one hour away from the start of cash equity trading. Lets take a look at how far down futures have fallen, right now looking at 2. 5 drop on the stoxx 50. The benchmark index. Futures down a little bit more than that. Teachersok at u. S. As well. S p 500 emini contracts approaching 3 losses. Nasdaq futures off. What does the gmm look like . Anna ill get to the gmm in just a moment. Pricel giant revising its assumptions and expecting to take a charge in the second quarter. They see a noncash impairment and the write off
Being exposed to the coronavirus. Companies are laying out plans for a return to work from facebook to jpmorgan, even if it means only 25 of the work worse will be back in the office and perhaps not even until the end of the year. Taylor riggs has been following the action. Taylor some of that negative news that you were highlighting, the equity markets as you know are continuing to gain on the hopes of a reopening plan that was expected to come in the next coming months or so from a lot of these major companies. Big tech has really resumed a lot of leadership. The thing they wanted to point out was the big performer, reading the note from our chief equity strategist to set the gap in the forward pe ratio between tech and tech excluding the big five goes back to july of 2013 and the ratio explains the dominance and outperformance of Companies Like google, showing the discrepancy we havent talking about. Emily expedia out with results, hit hard by the standstill of global travel. Countr
A reaction that could further destabilize the global economy. And huawei vows to continue its campaign against u. S. Restrictions on tech. We will be hearing from the security chief a little bit later on this hour. Shery lets get you started with a quick check and how the markets are trading. U. S. Futures are down a 10th of 1 . We saw a fade in u. S. Stocks, giving up their gains after President Trump announced the executive order targeting social Media Companies. This coming at a time when u. S. China trade tensions continue to rise. We are seeing tensions over hong kong. The s p 500 fell for the first time in four days, and recent out performers, like bank and energy stocks, fell 4. 6 . Twitter falling almost 5 . We did get encouraging news with betterthanexpected economic data. Continuing jobless claims and capital goods orders providing some support. It is looking like we are shaping up to be a mixed start to trading here in asia. We are seeing for japanese futures, a little chang
Senator angus king and congressman Mike Gallagher. If i lived further north congressman al gore would be my member of congress. We are pleased to welcome Suzanne Spaulding who ill introduce people more formally prior to their also thomas fanning, two of the commissioners of the commission. First of all i want to thank the cochairs and that commissioners for the important work on the Cyberspace Solarium Commission. I think the end product is excellent. I think it has solid recommendations that a number of these are within our committees jurisdiction over the working hard to evaluate those and the ones that we can get them passed into law of these recommendations can be done through executive action. What id like to spend my time just enter my formal written state into the record, i just want to talk about two of the commissions recommendations. When i i got here in the congrs in 2011, cybersecurity was a hot issue. It still is. Its not going away. I remember the buzzword back ban is we
Be a member of congress. We welcome suzanne spaulding. Also thomas fanning, two of the commissioners of the commission. First of all, i want to thank the cochairs and the two commissioners for their important work on the Cyberspace Solarium Commission. I think the end product is excellent. I think it has some solid recommendations that a number of these are within our committees jurisdiction and will be working hard to vault those and the ones evaluate those and the ones that we can get them passed into law. They can be done through executive action. I would like to spend my time, enter my formal written statement into the record. I just want to talk about two of the commissions of recommendations. When i got here in the congress in 2011, cybersecurity was a hot issue. It still is. It is not going away. But i remember the buzz word back then is we have to do something about this. We have made a number of attempts and quite honestly, we have made a fair amount of progress. My own sense