A couple of days on the holiday and we are seeing assets catching down, what weve been seeing most of this week. The csi 300 down. 6 . A lot of focus has been on the renminbi. Fixed slightly stronger, but marginally. Perhaps it has limited the volatility. Weve seen implied vol spike for the offshore renminbi. We are seeing a bit of spread between the onshore and offshore. The onshore at 7. 0 632. We are watching hong kong as we slowly return back to normal. Weve heard from carrie lam that they will open gyms, theaters, massage parlors. 123 in hang seng, up points. U. S. Futures, still heading lower and nifty futures. We will see it seems more troubled when it comes to the indian reopened. And theylot of brawls are slapping a huge tax on liquor sales too. Tom lets get more on the Market Action with Mark Cranfield in singapore. The question of the day on the mliv is how important is trade for these assets . 10 investors look past the tensions between beijing and washington . Maher it wil
Intensive care was down nearly thats a good question. 2 while hospitalizations were i want to move on to something up 2. 6 . Governor newsom held his daily else. Weve done reporting here that shows native American Reservations have been hit particularly hard by the coronavirus. What are you hearing in terms of things Getting Better at those briefing at a Small Business in reservations . The challenge right now is sacramento today. Display california, like many other businesses, will be able its not necessarily going in to open friday with curbside the direction where you would pickup as part of phase 2 of like it to go. The guidelines. More details will be released on thursday how businesses can safely opening their doors while protecting their native american population, high positive rates on the reservation, the navajo nation, for instance, spans 22,000 employees, customers and suppliers. Check we recognize the square miles and four states. They live in congregate housing difficulti
Rescue, is it really going to do very much about the problem . Futures pricing in the fed rate cuts at three for the rest of the year but of course this as more governments are taking action and coming to the rescue with fiscal measures. Speaking nowr abe saying japan will take bold measures if needed. He is also saying he will soon announce policies tackling school closures. Schools are in hong kong and now japan will follow suit from march 2. Let us get a quick check of the markets. Equity markets are giving into the rest of the global selloff. The cfx 300 is often the low of the day. But still down by more than 1 . The hong kong hang seng also testing the of trend that had been in place since august. Japanese equities bearing the brunt of the selling. In a correction position. Off by more than 3 just today. As np futures are rebounding just a bit. Up about 0. 5 after the worst day since 2011 and a decline of more than 4 . I want to take a look at some of the risk propositions. Repre
Takingny action against the whistleblower. The whistleblower is not a whistleblower he is a fake. And Everybody Knows excuse me Everybody Knows hoot whistleblower is. And the whistleblower is a political operative. These gentlemen know it he is a politically operative. And the ig shouldnt have brought this because if he would have compared what the whistleblower said, if he would have compared it to what i said in the conversation, two conversations really and to what i said in the conversation, with the president who i think is a terrific person of ukraine, he would have said well wait a minute the whistleblower said this and that wasnt the conversation, because we have the transcribed conversation and also shifty schiff, a dishonest he is a corrupt pliken when he imitated or tried to copy my conversation, he didnt copy it. He made up a conversation, went before congress and made up a phoney conversation just like he does every time he talks he is a phoney he is a very dishonest, very
Joining us for the hour to break down the market action, keith bliss. Good afternoon to you. Thank you very much, wilf really good to be with you snapshot of today, why are we selling off . Number one, you have low volumes coming into july you usually have the spike in june on the weekly volumes were seeing that today. Listen, you got to say the news is really washing over the markets as it relates to boeing. The downgrade we had at apple, people are getting nervous about what fed chairman powell may say and may not do at the end of the month. I think thats why youre seeing a little selloff in combination with that is we did get overbought in the dow a couple weeks ago are traders talking about the fed and whether they may not cut at the end of the month . Youre certainly seeing that in the discussions that you have with traders and investors alike. Youre not seeing it reflected in the fed funds futures yet still an overwhelming majority of people think were going to get a 25basis poin