Hang seng is flat. Taiwan is the leader on the board. We will talk about tsmc. They are gaining on the back of the apple news. We continue to watch dollar renminbi. 16 month high for the yen. We could be set for the best performance ever for the renminbi. Look at whats going on the rest of g10. Still seeing a strong yen. Pound is gaining for a third day at 129. The dollar falling to the twoweek low ahead of the fed decision. Take a look at bond yields ahead, not much movement. Its pretty quiet before the fed. Six the seven basis points for u. S. 10 year. Bondsl off in government the fall off in government bonds may have run its course. Saw the biggest cash injects and since 2018. Crude jumping on the back of that Better Chinese data we got yesterday. Back to our top story. A big win on paper, but not much in the real world. Says that Donald Trumps tariffs on chinese goods violated International Regulations, but its unlikely to make much of a material difference. Lets get more from our
And the public, city hall is closed. This precaution is being taken pursuant to the local, state orders. Commission meetings will attend the meeting through Video Conference and participate in the same extent as they were physically present. Public comment will be available on each item on this agenda. Channel 26 and sfgov. Org are streaming the number across the screen. Comments or opportunities to speak during the Public Comment period are available via phone call by calling 4156550001. Again, its 4156550001, meeting id 146 7977410. Then press pound and pound again. Then you will hear the meeting discussions which will be muted and in listening mode only. When your item of interest comes up, dial star 3 to be added to the speaker line. Best practices are to call from a quiet location, speak clearly and slowly, and turn down your television or radio. Alternatively, you may submit Public Comment in either of the following ways, email myself, alisa. Somera sfgov. Com. Madam chair, that
Year on Worldwide Exchange on cnbc welcome to Worldwide Exchange, i am Brian Sullivan. Thank you for joining us on this busy friday. Shocking news breaking hours ago as President Trump and First Lady Melania Trump have both tested positive for the coronavirus. Tweeting just before 1 00 a. M. Eastern that he and the first lady will begin their quarantine and Recovery Process immediately. The news coming hours after hope hicks, one of the president s top aids also tested positive for the virus. Monther details in a moment and throughout the morning stocks are reacting negatively dow down 328 points. Lets take a closer look and you can see at the point where news broke as the president broke it himself. They are still down more than 300 points the bond yield down as well. Down. 67 . All Financial Markets are moving oil is selling off in a fairly big way. Not just on the president s news but on the increased number of cases around the world and the likelihood of lockdowns and slow downs in
Good morning. Welcome to squawk box. Andrew ross sorkin with joe kernen and melissa lee becky is off today well go straight to show you how the markets are reacting on the back of that news. S p looking to fall 60 points. The biggest premarket decliners on the you dow looking at boeing, intel and apple off in some cases more than 2 or 3 eamon javers has been covering this story all night and joins us now with the latest good morning. Some very tough news for the president , the first lady and their family as the president and first lady have tested positive first, there was a report of bloomberg that hope hicks, the campaign aid to the president , travels with him a lot, tested positive she was seen traveling with the president on air force one, often photographed without a mask as with we watch some of those pictures of hope hicks traveling with the president a lot of the senior aids there shortly after 1 00 a. M. East coast time sending out a letter saying the president and first lad
Day for the Federal Reserve system. It is a meeting of mystery. Our Michael Mckee will be there for the press conference, special coverage this afternoon. But right now, a great conversation on some of the challenges that we are going to see. Jon ferro, to me, the major challenge, with futures up 17, you mentioned this earlier, this morning, is the two americans that are out there, that two americans that are out there right now, jon ferro, are nothing like what john edwards ever thought he would see. Jonathan just compare and contrast, tom, take the airlines on one hand you can take any sector, the retail sector, and compare it to fintech right now. Big tech on fire. Other companies, tom, literally slashing in tens of thousands, and a central bank that has to set policy for both economies. That is a tremendously difficult position to be in as a central bank right now, and that will create distortion. Some would argue that is already happening. Tom Lisa Abramowicz, within your reading,