Prices double the last couple of months. We have seen demand picking up. Taking a look at other markets, the focus is on chinese equities. They have been fluctuating between gains and losses. The shanghai cob is lower. They are largely flat after what we saw on friday. State funds trimming their holdings. There was the big news of the haltingetf in china trading until 10 30 a. M. This morning. They are saying the warning of thiss involved here tracks some of the largest stocks in shanghai. Take a look at singapore. This is reopening after the singapore election. Retaining the firm grip on power. When he 89 of seats. That is considered the weakest showing ever. Good. Be for stocks some analysts say a de a diverse up three quarters of 1 . We are taking a look at bonds and currencies. We watched the dollar posting the second weekly loss. It comes toing when the belly of the curve for u. S. Treasuries. Reversing some of the gains after we sell yields touch a record low on friday. Lower by
Los angeles is closed. The employees have just said no. And the Magic Kingdom in disney world, they are attempting to open it, even with the virus in florida. When i am looking at the markets, without question, is the derisking going on . The u. S. Yields have really come in in the last 48 hours. Francine you reminded me in the last hour, there was a big move on u. K. Guild. Lets get to first word news with ritika gupta. Ritika good morning the coronavirus milestone keep piling up in the u. S. The number of new cases has climbed over 60,000 in one day for the first time, and texas, california, and florida, all with a Record Number of deaths. In new york city, large events that require permits like street fairs have been canceled through the end of september. The u. S. Is set to take the next step in a response over taxes on technology giants. Bloomberg learned the u. S. Will impose tariffs on up to 700 million in french goods including wine, cheese, and handbags. The duties would be de
Are in charge. Nothing is able to put a dent in the rally at the moment. What is happening on the s p 500, futures contracts. We are called higher by about. 3 . We have new sanctions from china off the back of that, we saw a little cut back, but overall, a positive picture. It is all about earnings as we look ahead to pepsico later on in the afternoon, the impact of the coronavirus in focus and adjusted etfs fall 23 could be on the cards. The german bund, largely pointged, negative zero 46. An unwinding of some haven demand, italian bonds slipping. Shaping up. The dollar, weakening against g10 peers, about 1 5 of 1 and copper is a standout in the commodities space. A bit of a rally on the way in the Industrial Metals overall, coming roaring out of the blocks. Also because we are looking at potential supply risks because covid19 has laid low mineworkers in chile. Its get to the first word news. s Electoral Commission says incumbent andrzej duda is set to win the countrys president ial v
I believe we are wrangling about waiting a week or two to do it. Dialogue, itest seems, in the United Kingdom. British way ofry approaching things, isnt it, tom, trying to do with all. Ventualities finally you come to a decision and you are concerned if it is the correct one. It is the correct one at this point in time. We are watching with great hasrest how the debate become so politicized. We are scratching our heads, trying to figure out whether it is the right thing to do, but it is not politicized the same way as in the states. You mentioned in the headlines, the president finally wearing a mask to walter reed. That is may be a big step in the right direction. One angles certainly there. Us with an will join update, leading the way, the effect on the economy and of course across the different markets. With news in new york city, here is ritika gupta. Ritika good morning. 15,300 newed record coronavirus cases in florida, the biggest oneday rise since the outbreak in the u. S. The n
Doses ready to ship once they get the green light and speaking of green light, joe biden wants to go ahead and raise Corporate Taxes, he is tapping his inner Bernie Sanders and outlining his economic plans using terms like fair share and calling for an end to what he calls shareholder capitalism. We are all over that story you can bet. We may hear the president s response to mr. Bidens plan shortly, he will be leaving for an event in florida this hour. We expect he will speak to reporters before boarding marine one as he likes to do and you will certainly see that right here when it happens. You will also see very little let up in the tech rally, despite theyre down day overall, the big tech names holding their own with more record gains. Amazon, it is hit an alltime high for six days in a row. Not bad. Apple, not much of a pullback of the stays above 380 a share, same story for microsoft, not much of a drop there, for microsoft still at 213 box. Facebook is above 240, despite constant