Take a look, dow futures down about 78 points, nasdaq down 4, s p lower by 7 points. Yesterday markets tumbled as vi to investor concerns the International Monetary fundscutd previously predicted 3 contraction. Case against Michael Flynn dismissed. Lawyers releasing notes showing that during the transition then president obama, then joe biden weighed in on the flynn case revealing a very different story from former fbi director james comey. Flynns Attorney Sidney Powell is here, joining me live at 8 00 a. M. Eastern on this case and what is being revealed. You dont want to miss it. Senate Republicans Police reform blocked by democrats, senator tim scott ripping democrats yesterday accusing them of trying to delay the bill until after the election. A rival democratic bill expected to hit the house today. Mornings with maria is live right now. Global markets this morning, erasing early losses as coronavirus restrictions ease. Take a look at where we stand. In europe mixed story. Ftse 100
Our Investment Committee today will debate it we are in the red for the s p and the dow. Were off the session lows like carl pointed out, it may have had something to do with the headlines coming out of the new york Governors Press conference where he mentioned a phased out idea starting this friday the dow industrials only down 140 points the s p down the nasdaq is tech stocks up half a percent 9165 the level there our Investment Committee are making some moves today. Steve, youre seeing a couple of things happening in your portfolio. What have the recent moves done whan and what are you trading in and out of im not trading out of much i did sell some peleton. It worked out tremendously well. Not quite a double but fairly close. I still have some left what ive done is and i did this on friday afternoon is i added to baba in expectation of disney opening in china because i thought that would lift the market ill reduce that position back to a core position i bought some out of the money
U. S. For tallys from the coronavirus top 75,000. The u. K. And france prepare for some easing measures from next week. Playing ball. China and the u. S. Agreed to cooperate on implementing their trade deal, despite a blame game over the coronavirus. Welcome to bloomberg surveillance. Im nejra cehic in london. We are seeing a clear risk on tone ahead of the payrolls report. , one of theg adjectives being described what we could see, the job losses to gains. T a decade of job what we heard on the u. S. China trade talks perhaps giving assets a lift. You are seeing green on the screen in terms of u. S. Futures and european equities. The nasdaq has also wiped out its losses for 2020. Yesterday, the two year yield hit a record low, along with the five year yield. Oil catching a bid, heading for a second weekly gain. Lets get the bloomberg first renews now. China and the u. S. Have agreed to cooperate and work toward implementing their phase i trade deal. Chinese vice premier talked with th
The s p climbing 2 or so, now up 2. 35 . This after the monster rally we had just yesterday. 2. 25 . Technically, pushing the s p out of a bear market, but that is a heated debate. The 10year yield continuing to rise by seven or eight basis points. Today, rising by an additional 10 basis points. You are getting a weakening of the u. S. Dollar. Beware talking about the funding issues, stress levels coming into the bloomberg dollar index. Some of the natural correlations are starting to return just a little bit. There is some hope and optimism here. Copper futures rising 2 . Futures are at the highest may have been since march 17. Are closing, helping to reduce the supply, and some hopes now that the demand outlook is improving as well. Here for a deeper dive into the markets is abigail doolittle. What are you watching . Abigail thank you so much, taylor. Certainly a risk on rally for a second day in a row. You mentioned the s p 500 up about 2. 7 . Energy is climbing higher, even though
Consider the trade on the tlt. What we have seen this stock tlt moved about 40 from the december 2018 lows. And this is happening consistently a couple of times over the last decade every time thats happened, we have seen either a consolidation or a pullback after that 40 move and if we zoom in a little looking at a 1year chart, the tlt is up 15 year to date and currently reading fairly overbought if you look at momentum indicators such as rsi. Well so now due to seismic shifts in everything that trade has not gone our way which is why we always preach appropriate position sizing as it is known. First off do something a bit different. We want to talk about the lessons maybe we learned this week and what we see carter what act a little more macrothan usual, given the week its appropriate. If you think about we did two things very specific and yet the identical last week. We were saying that tlt had after a great run had gone too far. What we were trying to do is buck the trend, go again