The concern about the stronger currency, not to worry just yet. We saw that euro jump. Ist weakness on brexit sparking a rebound in the dollar. Your offshore renminbi, we are set to break six weeks of gains. 683 right now. That is below 40 right now. We have copper also and gold on the back foot. Oil prices on track for the biggest twoweek drop since what we saw back in april. Lets get to the first word news, we have Karina Mitchell. Senate democrats have shut down a relief plan proposed by republicans. They failed to get the 60 votes they needed. Estimatedican plan is at anywhere between 500 and 700 billion dollars. The democrats are proposing to. 2 trillion. 2. 2 trillion. Boris johnsons government refused to scrap plans to reignite the divorce accord. The eu is threatening legal action if the u. K. Does not drop the legislation within three weeks. Thes president has painted an optimistic picture. Economic data suggests a strong rebound. They kept policy on hold for Economic Contract
Deliveries. China is facing new tensions on two fronts. President trump prepares an executive order. Beijing slams london for interfering in hong kong. Shery lets get you started with a check of the markets. U. S. Futures right now opening flat. This after we saw stocks jumping in the regular new york session. We had broad bullish Global Sentiment as we saw the stock rally in china. The s p 500 closed higher for a fifth consecutive session. Where talking with the longest winning streak since december. Amazon rising past 3000 for the first time. The nasdaq composite closing at a record high. We had this risk on sentiment sapping demand for havens. The dollar index down for a fifth consecutive day. What oil is doing. Unchanged. Unchanged. Crude Oil Inventory data comes out later in the week. Investors weighing not only crude supplies and the surging infections but the u. S. Ecodata. We are talking about nonManufacturing Index confirming the economy is bouncing back fast with the Manufact
Major peers. Cofounder sewing softbank for reneging on a 3 billion deal. Shery take a look at how markets are trading at the moment. We are seeing upside for u. S. Futures, kind of flat right now, paring back some of those earlier gains that were already adding to the rally we saw late in the session in the u. S. But paring back some of those gains. Kiwi stocks gaining for a second session. Sydney futures higher by. 3 percent. As we head towards the rba Monetary Policy decision, not much change expected there although we are hearing from the treasurer that we could see a deep contraction this quarter. We are seeing crude gaining ground, extending gains above 21 a barrel as we see u. S. Build now slowing. The push to reopen state economies is clouding efforts to predict the official told from the coronavirus p he has ramped up his death production. Coronavirus. He has ramped up his death projections. Greg sullivan joins us now. President trump still pushing for the reopening of some sta
Travel and leisure recover after ryanrare continue to slash capacity and bmw ceo adds his company is operating as normal on the supply chains, we dont see any large disrupts. A warm welcome to street signs. Global finance ministers discussing a possible coordination to the responseof coronavirus. Listening to the call at 7 00 a. M. Eastern led by Steven Mnuchin and Jerome Powell. While the group is drafting a statement on countering the economic impact, it does not specifically call for coordinated Interest Rate cuts nevertheless, european markets are surging following wall streets lead yesterday. You can see the dax and the main benchmark up 2 . In italy, the mib facing a strong recovery up 2 . Yesterday, we saw italy underperform, in particular the italian Banking Sector on concerns of the virus weighing sentiment there. The impact this could have on bank balance sheets. We are seeing strong gains across the european session. You can see we have green across every single sector. Chem
More trouble for uber admitting the first time for its risks to business over the coronavirus. It is tuesday, march 3 and Worldwide Exchange begins right now. Good morning and welcome to the show im brian chu. With me the entire hour, cnbc contributor car contributor Carrie Firestone the dow is coming off the biggest point gain snapping the losing streak in hopes of snapping from around the world comments from the bank of japan, European Central bank, International Monetary fund are giving buyers reason to buy. One stock hit hardest was up very big yesterday apple shares surging after an upgrade in the gain. Those shares up in the premarket as well this morning, stock futures are in the green in volatile trade if things stand the way they are, the dow would open around 100 points the nasdaq around 26 points. At one point, we had indicated down more than 200 points early in the session several factors you can see here down that level. Australias central bank cutting the key benchmark to