Exception of the bond market. We are down at session lows on the stoxx 600. Sector certainly taking it hard today, as we see this drop, a very sharp drop we are getting in the crude market at the moment. Theres a top line running on the bloomberg of the sharp drawdown we are seeing. In terms of the bond market, and some ways, this is where the real action is. The expectation is we will see significant supply, as a result of this we have a big move in bunds and btps. Btps pretty under pressure. It looks like the ecb via the bank of italy was in the market earlier on. When it comes to the markets, dollars strong. We are now trading at cable rates we havent seen since the mid80s. We went through 1. 20. Now we are trading with a 1. 18 handle on the cable rate. Alix i love that you brought up btps. At one point they were up by 58 basis points. The Trump Administration now promising a 1. 2 trillion dollar stimulus package, including direct payments of 1000 or more to americans. President tru
The competitors, but in this case they are different. This is something we want to get done very quickly. Vice president mike pence is scheduled to brief lawmakers on the coronavirus tomorrow. The house can start considering an 8 billion bill to fund the governments response by wednesday. Heres a look now at the cases in california. So far, 43 people have tested positive for covid19. 19 of those cases were not related to flights. Of those 19, you can see the breakdown behind me, 10 are travel related, five are person toperson, and for community transmissions. Bay area county has the most cases in santa clara and they have nine. Reporter the number of coronavirus patients in Santa Clara County have tripled over the weekend. There are now nine confirmed cases, all adults, four of them that required hospitalization. The majority of those hospitalize have Chronic Health conditions, and the others are i cited at home. Have to assume this is Community Spread now. It is still not in any kind
All of that bodes well for walmart which is forecast to report a 4 rise in sales. Results from the Worlds Largest retailer should also offer a glimpse into demand for back to school items. Traders are hoping that, despite higher borrowing costs, it will show that us shoppers are still willing to spend on essentials. Staying with retail, jd. Com beat analysts forecast for Second Quarter revenue which rose more than 7 to nearly 40 billion. The chinese e commerce giants Focus On Lower priced products paid off in the fight for customers amid an economic slowdown. The company said it attracted more vendors to its platform and its users shopped more frequently as It Product Range expanded. It was a different story however for tencent where Earning Results came in below estimates in the Second Quarter. Revenue grew 11 to just over 20 billion. Tencent s core Gaming Business experienced weaker than expected growth. Domestic Gaming Revenue was little changed, a sign that the economic slowdown in
Higher Profit Margins than expected as offered fewer discounts. All that bodes well for walmart which is due to report a 4 rise in sales. Results from the Worlds Largest retailer should also a glimpse into demand for back to school items. Traders are hoping that despite higher borrowing costs, it will show that us shoppers are still willing to spend on essentials. Staying with retail jd. Com Beat Analyst Forecasts for Second Quarter revenue, which rose more than 7 to nearly 40 billion. The chinese e commerce giants Focus On Lower priced products paid off in the fight for customers amid an economic slowdown. The company said it attracted more vendors to its platform, helped by lower thresholds and costs for them to join, and that users shopped more frequently as its Product Range expanded. It was a different story over at tencent where Earnings Results came in below estimates in the Second Quarter. Revenue grew 11 to just over 20 billion. Tencent s core Gaming Business experienced weake
Ruling in the heavens. Keep our lawmakers faithful to you, as you use them to accomplish your purposes. May they hear the groans of the poor, the cries of the helpless, and the moans of the oppressed. Help our senators to cause justice to roll down like waters and righteousness like a mighty stream. Give them the wisdom to find in you a refuge in turbulent times, remembering that you will never abandon those who seek you. Grant them the greatness of being on your side doing your will on earth, even as it is done in heaven. We pray in your merciful name. Amen. The president pro tempore please join me in reciting the pledge of allegiance to our flag. I pledge allegiance to the flag of the United States of america, and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. Mr. Mcconnell mr. President . The presiding officer the majority leader. Mr. Mcconnell i ask the chair lay before the senate a message from the house of representatives