We got a hard reversal all afternoon thanks to saber rattling over the south china sea. 560point gain to close up 11. Nasdaq led us lower plummeting 1. 3 and s p lost. 93 some will say this, that this today was a short term top i think it was just a hideous Money Managers eager to lock in gains. Who can blame them one was up 7 . Up 7 last week and you know what i think it could be short term in nature. Its got a great start to a week that sets the tone for the whole earning season what is the game plan for the next four days since i was away on friday . You know what . Weve heard from pepsi co today. Pepsi gave upmost of its terrific gains we also got a big Semi Conductor deal by entbetter than expected numbers and that the how it felt before the rolled over tomorrow is where the rubber hits the road, and it could be rough. We hear from the best of the banks and the worst of the banks. J. P. Morgan and wells fargo. I dont know if j. P. Morgues results will be good enough to offset well
Tentative trade with autos extending decline as bmw warns the pandemic effect will last longer than anticipated. The german hospital operator flags increased demand for drugs and devices. Telling cnbc they are prepared for a second wave. We are working very closely with the authorities to make sure we have flexibility in termts of our ability to react should there be a second wave as the measures are released. A frozen dividend for disney. The media giant cancels a payout as it takes a 1. 4 billion hit from the paepd but makes plans to reopen in shanghai next week. The uk becomes the worst hit country in europe overtaking italy as the death toll crosses 32,000 the government grapples to get a time line for the exit from the lockdown a warm welcome to street signs. Lets kick off with fresh data this is on eurozone april pmi, the final numbers for services that figure for the whole is 12. Slightly better than the flash estimate of 11. 7 that makes the final composite pmi 13. 6, just a to
Correction i wanted to see the market get back to at least flat on year. Now worry below that i didnt want it for the reason that we are currently experiencing it but the world didnt give you that choice. But i did feel we are extended in a lot of areas. A lot of that has been corrected very quickly i want to give you examples that i think are illustrative of what is happening out there airlines are down 9 in two days getting worse by the minute. Somis are down 10. 5 in two days nvidia made a new record high this time last week. Down 18 from that record high parabolic moves to the downside. The s p 500 this morning at its worst level was off 6. 4 from its highs. Nasdaq off 8. 2 vix at the highest level since december 2018. What does all that mean . This is preferable to a turnaround tuesday failed rally that falls apart by the end of the wee and then we sell off into friday, people worried about, you know, oh, whats going to happen this weekend this is better lets get it all out master
Transmitted from human to human. Becomes a city chiefs reach the super bowl for the 1st time since 1007 think theyll face the 49 is after the player that nobody wanted to lead San Francisco the biggest guy even american school. Fellow we begin this news hour in iraq where there are reports that protesters have been killed in the capital baghdad thats after police tried to break down barricades on the outskirts of the city dozens are said to be injured rallies have also broken out in several southern cities including as often also the protesters have cut off the south. Major roads lets bring in it is joining us from baghdad a cautious as weve been reporting taking place osama are the numbers getting larger. Absolutely dreamed throughout monday weve been hearing more and more protesters gathering where we are in tehran square weve been hearing gunshots being fired from a distance been seeing live ammunition is being used let me move out of the frame and if we can zoom in and show you whe
Government is planning to organize a summit to fooldom. We all work in the same direction will go for. No good libyan will accept any bloodshed from the sun cease fire is a wise decision. Also coming up tonight an exclusive report hiding his identity to bring the truth to why what one Hong Kong Police officer thinks about the prodemocracy protests. Im just frustrated because some offices really dislike the protestors and honestly they really want to bait them up i have to say the senior offices have basically messed it up. On to our viewers on p. B. S. In the United States and all around the world welcome we begin the day with libyas unlikely peace broker in 2011 germany Drew International criticism when it refused to support a u. N. Security Council Resolution that authorized military intervention in libya early ends fears at the same time would soon be realized that libya liberated from a dictator would soon become libya front line of a new proxy war the capital tripoli remains the t