Day . I am a graduate of duke university. I got a scholarship to go there, but not a basketball scholarship , i assure you. But i really would like to own an nba team. I have never had the chance to do so. But mark cuban is someone that did that at an early age. As a young man, he bought an nba Basketball Team and won a national championship. Because of that, i have always admired his sports progress, his knowledge, and his business acumen. My children always told me, dad, youve done ok, but mark cuban is a lot better. Mark, let me ask you this. You have, at an early age, made some money. You made an enormous amount of money when you sold broadcast. Com to yahoo and made over 1 billion. And then you bought a Basketball Team. Then you have a shark tank was quote series that won an emmy tank series that won an emmy award. You are well regarded by entrepreneurs all over the world. President s of the United States call you for advice. What is wrong with this life . Is there something about
Plus, well talk the state of electric vehicles as ev maker vinfast goes public via spac. We speak to the ceo about the deal and studio giants offer a new deal to striking writers in hollywood. Well bring you the latest reporting on that matter. But first, we dig into these markets. We look at here in the us, strong Economic Data over in china, a slowing picture, and we try and marry it all together as well as whats happening in the uk. From a macro perspective perspective, the numbers are so strong here in the us. When you look at retail sales rising, more than expected, what does that mean for a Federal Reserve that has to keep on perhaps pushing back against a very Strong Economy . Were off by half a percentage point. The nasdaq gets hit. In fact, all the major benchmarks here in the United States. On the lower side. Interestingly, though, were buying the dip when it comes to bonds. Weve seen, of course, the yields push higher over the last few days. Notable when were thinking about
plenty of earnings stories in there as well. we have crude oil bouncing and 4% now, but nevertheless, still at $51.52. as you can see come of the dollar index is strengthening today as well. guy: brent bouncing over here as well. we are up by around 4%. european stocks near session highs right now. traders seeming to latch onto reports that maybe the chinese are getting close to some kind of a cure. the who pouring a little bit of cold water on that story. $1.30 is so b-$1.30. countries are quarantining those arriving from mainland china. for more on the outbreak and the impact on geopolitics, we are joined by chris meekins, raymond james associate and research analyst. i want to start with the state of the election campaign at the moment, if you don t mind, and ask you, is it possible to quantify how the president chances of reelection have changed in the past week? chris: i think there s no question this is probably the best week of president trump s presidency, which is
of the coronavirus outbreak. the 10 year yield at 1.64%, creeping back up. crude oil holding its 3.5% gain. the dollar index is stronger. , coty is the best performer. the market will take anything, i the moment anything at the moment, it seems, to bounce. guy: i think the u.s. data is definitely helping head of the big payroll number friday. europe up by 1.22%. the dollar is bid pretty much across the board, and crude, as you are talking about a little while ago, certainly catching a bid today, up three point 5% on the brent contract. that s get the latest on the coronavirus as the death toll climbs towards 500. joining us is bloomberg s sophie kamaruddin. risk assets rallying today on talk that may be the chinese are approaching some kind of cure. the who is not convinced. what do we know? progressho downplaying on the potential drug treatment and the u.k., as well as in china. who iseo - the reviewing all potential therapeutics. china is starting to test a drug with seve
percentage point or two. you see that reflected in s&p futures, up about 1% on the day. not much going on in the treasury market. as a lot ofclines folks unwind some of those haven bids. take a look at what is going on yuan, a little bit stronger than that key seven level. pre-much everything rebounding as the sentiment shifts to a slightly more positive tone than what we had just a couple of days ago. exchangefor the global sonali: first we have some news coming in. we have phillips missing estimates, falling $0.04 short of what analysts were looking for. conocophillips here, keeping their dividend steady. shares before market rising a little bit still. we were looking for them to have results better than their peers. all of the oil companies have had a rough quarter. romaine: we are seeing that capex spending coming in pre-much in line with what analysts were much ing in pretty line with what analysts were expecting. some encouraging signs off of what is kind of a bad e