On slowing the spread of the virus. New cases of it on the decline in major hot spots including new york. Dr. Tony fauci saying the death toll in the u. S. Could be 60,000 versus earlier estimates of 240 people dying. Donald trumps Approval Rating hit alltime high for him amid coronavirus pandemic and also showing an overwhelming majority of americans are concerned about a recession. The virtual opec plus meeting which included saudi arabia and russia ending in a tentative agreement to temporarily cut production by about 10 millionbarrels per day. But mexico could derail the plan. Oil declining near the trading session over concerns about the Production Cuts that they wouldnt be deep enough. U. S. Markets are closed today in observance of good friday but yesterday u. S. Stocks rallied, dow, nasdaq, s p all up more than 10 for the week. S p having the best week since 1974. In asia overnight markets were mixed, you can take hang seng and hong kong closed for good friday. European markets
Has been the trend we have been watching for quite some time future indicated 44 points by the dow. S p futures by 3. 5 this comes after we saw all three of the major averages sitting at new highs again on friday thats happened a lot recently the dow and the s p 500 up for the last seven of the last eight sessions nasdaq on an eightday winning streak and thats something that youre watching as we kind of rush into the Holiday Season here also look at whats happening in the treasury market. Youll see that right now the ten year looks like it is yielding 1. 91 just below 2 for the ten year we have some news breaking just literally in the past hour now. Report saudi arabia sentencing five people to death for the killing of Washington Post columnist jamal khashoggi, he was murdered of course in that saudi consulate in istanbul just last year by a team of saudi agents saudistate run tv saying three other people were sentenced to prison over the killings and reports say that the investigation
Economic slow down then theres china upping the ante in the on going trade war out with a new warning for President Trump, aka the chosen one. Those details coming up next and the president targeting an American Business yet again. This time taking on big auto it is thursday, august 22nd and Worldwide Exchange begins right now. Good morning and welcome stock futures indicating the dow will post maybe just some fractional losses and slight losses right at the opening bell if you see here were positive just by about though 8 points overall. The s p again up by 1 point and the nasdaq down by 6 if these futures moves were to hold into the regular cash Equities Trading session. To the bond market now, flashing again, that recession warning signal, the 10 year briefly dipped below the 2 year yield. You can see here following the release of the latest Federal Reserve Meeting Minutes yesterday. Investors on edge fearing the central bank will not act aggressively enough to stave off a possible
And shanghai up 18 points. The dax up by a half percentage point. Similar gain for the cac in france the ftse in london up by a similar amount the yield in the to twoyear, up 1. 763 also look at gold prices because they were under some pressure yesterday gold down about 1. 6 1,27 1,279. 50 lowes is recording 1. 05. Above the estimates of 1. 02. Three cents above estimates. The revenue number that im looking at, at least sales, 16. 8 billion thats a bit above looking at this forecast company sees fiscal year eps of 4. 20 to 4. 30 if thats not an adjusted number, its below the 4. 50 on the estimate here. 1. 05, three cents ahead. The company is supposed to earn 87 cents next quarter that would have gotten the company to 4. 50. They beat it by three, so they only need84 cents in the fourt quarter to hit that number maybe thats adjusted. If its not adjusted, its below the forecast maybe theres something there. The adjusted number may be different than the 4. 50. Looks like theyre lowering
Yesterday, they were off the highs of the session this morning green arrows are indicated once again, but modest advances the doi ww was up by 10 1 2 poi, the nasdaq up by 3, the s p up by 3 the gains have been significant this year. Have we seen 71 days for the dow . 71 records. But 22,000 on the point 2,000 p before we got to the new year. I think i heard President Trump say 85 that could have been from the election to the first of the year thats probably what it was. Bitcoin today, did you see it . Yes we should probably show that we show it every time. We will show it after the tenyear tenyear is back under 2. 50 but it was above 2. 50 at one point yesterday. The highest weve seen since june or earlier. Maybe april. You look at the tenyear note, yielding 2. 486 . Looking at bitcoin actually its coming up a bit. Some of the dbig stories theres bitcoin okay. Its not so we got our first christmas vacation vignette out of the way on the opening there will be a few of those a great movi