Production next week. Now we dont know which ones are going to be built but we just know for boeing which has had rapid troubles over the past year and a half or so to say nothing of the virus shutdown here, but this is welcome news, certainly for the markets and of course the biggest advance today is Gilead Science drug that is showing promise, or could be effective against the coronavirus, its out there a number of other medical concerns that are also involved in the hunt for a vaccine or a treatment and there are a variety of them out there half a dozen is coming up here and i will explain a little bit later but its what gilead is doing thats getting a lot of attention as we stressed so many times here regardless of the stimulus around the virus, what will really move the markets and connell ly proven to be the case is progress on dealing with and or treating the virus so this gilead news is big news in need, Jackie Deangelis on that and much more. Jackie theres optimism in the mark
Of staff for one of the greatest president s we have ever had in this country donald j. Trump so thank you mick for everything you do. Hes a South Carolina in. I served three and buy one for. Its been an amazing. Dont you think this guy is an incredible asset to the white house . Lets get into it. When i give a lot of talks around the country about the economy people asked me what is the single most important thing that donald trump has done to create this lackluster economy and i struggle with that myself. I want your thoughts about what has made trump so successful and just in case you are wondering this is stephens ordinary breakfast conversation. I havent had any coffee yet. Its unbelievable. Its so near and dear to my heart. I think that the regulatory, i know its not and people are going yea dereg but its one of those things we talk about with structural changes. I can lower your Corporate Tax rates and lower your individual rate and that kind of stuff and somebody else comes and
Dow than in any year since 2008. That is not just a week, that is in a whole year. Any year since 2008. That will give you some idea. The tenure yield dropped down. At 117ff of its low waiting for the fed to speak. The vix up to 45. We thought we were high yesterday at 33, we are much higher than that now. Crude Oil Continues to settle. We are just about 45 per barrel. Gold is also selling off today. Down 1. 3 . The stoxx 600, 372 which is down by 4. 5 . Continuing in the german tenyear. I want to show you what the gma looks like. Just to give you an idea of the magnitude of the selling that we have seen around the world over the last few days. This has been since monday morning to now. Greece, 20 . Netherlands, 14 . Yen is up by 3 . Do norwegian is up by 1. 65 . The Australian Dollar is down by 1. 5 . Year, a 45 basis point move this year alone this week alone. It is 100 chance according to the fed funds. Crude is up by 14 . Gas is down by 11 . The market is going crazy. This has been
Action conference is meeting just outside of washington d. C. This week at chief of staff Mick Mulvaney spoke to the Group Earlier today. [applause] good morning. Good morning folks thank you for getting up so early. Its good to see so many people. We are going to have a little bit of fun this morning. We are so honored to have Mick Mulvaney. As you all know he is the chief of staff for one of the greatest president s we have ever had in this country donald j. Trump so thank you mick for everything you do. Hes a South Carolina in. I served three and buy one for. Its been an amazing. Dont you think this guy is an incredible asset to the white house . Lets get into it. When i give a lot of talks around the country about the economy people asked me what is the single most important thing that donald trump has done to create this lackluster economy and i struggle with that myself. I want your thoughts about what has made trump so successful and just in case you are wondering this is stephe
Canada trade deal. And then know celebration, just more frustration after senator mcconnell announced there will be no vote on the landmark trade agreement, saying the senate will take it up after the impeachment trial. Well not be doing usmc sarks between now and the end of next week. That will have to come up in all likelihood right after the trial is finished in the senate. Lou what can you say. The house announcing two charges against President Trump. One for abuse of power. The other for obstruction of justice. Both charges appear to any reasonable person at least as weak, meaningless, a massive waste of time and taxpayer money. President trump provided this reaction on the white house south lawn. The democrats couldnt find have much because they put up two articles that frankly are very weak. Also they approved today of all days, we have been waiting a year. They approved the usmca. I call that the Silver Lining to impeachment. The impeachment is the reason they approved it and t