Asia braces for a second wave. This hour brings the latest check on the japanese economy, we await gdp Growth Numbers in a quarter dominated by the outbreak. Lets take a look at markets as we set up the trading session. We are seeing this with u. S. Futures. Backandforth between washington and beijing really dominating our can sentiment at the moment. Seeing new zealand trading on , as new zealand moves out of the restrictions. Positive upside,. 6 higher for australia futures going into the start of trading today. We are watching the yen, which has been seeing strength. Looking at positioning by money positionsnet long yen are being extended. There could be further upside with the japanese currency. Seeing upside continue with wti. Gains ineen the recent oil, shery. Shery we see more economies reopen and we are hearing from apple. They are saying nearly 100 stores globally have opened their doors again. Are refining it doesnt mean stores will not be shot if needed. Apple saying the sto
Its gains for the week as tariff tanks stock. Say that 20 times fast having its worst day in months, this is the chart that had us all scratching our collective heads, bonds barely budged so bk, we go to you, what is behind, do you think, this market conundrum. Its a little strange, you would think with the fed buying, they reduced their buying, the market, the dow down 600, not much inflation out there, you would think that bonds would be absolutely flying and theyre not. What do we know . We know that Treasury Bonds are owned by a lot of sovereign states you look at Something Like saudi arabia, japan, china, perhaps they need capital, a lot, you know, has to do with the oil decline. Perhaps its investors getting a built spooked that the u. S. Has to raise an awful lot of debt and the only buyer out there is going to be the federal reserve, but its really strange. It was the one thing that stuck out to me today because i wanted to buy bonds i thought with yields at negative, u. S. Bon
Ready for the having sounds like a horror film, but its not everything you need ton about the major event about to take place in the cryptocurrency world. We start with the historic jobs report more than half a Million People put out of work. The market rallied with the dollar ending higher and the volatility index dropping below its 1 hund00day moving averag. When unemployment skyrockets to nearly 15 , do you think the stock market would be down but it didnt. So guy adami, what do you make of that . One would think and one would be myself, absolutely look, i definitely saw the move back to 2790 we talked about that for a while and kudos to tim who i use the word all of the time and the pain trade is higher and here we are. What do i make of it when look wid siquidity is slosg around and its good that were talking about disney later because the markets clearly in my favorite area of disneyland which is fantasy land and at 3393 when the s p 500 made an alltime high we were talking about
Of a job since mid march and Business Activity grinding to a halt around the world and finally, Energy Stocks are jumping on a rebound in oil prices by far the best performing on the s p 500, which is higher, wilfred, by about. 6 though off the highs of the day. Went briefly flat as well so improving for the last hour or so the dows up 0. 9 or 200 points. Coming up, well speak with former bp ceo, lord browne about the oil markets this week as crude sees another double digit move today plus Tiger Management president , Alex Robertson, will join us to talk about investing and how his company is helping to support new yorks front line workers. Zblncht mike is tracking the Market Action for us as always meg has the details on the possible setback for gileads coronavirus trials, which sent the market off its highs during the session as we mentioned along the hannah, from the ft, who cowrote the story that broke that news and kayla is covering the house vote on the next round o the stimulus,
Futures trading was halted yo ed overnight. If were down 7 , you halt for 15 minutes down 13 , you halt for another 15 minutes if down 20 , you halt the remainder of the day some people wonder how long we will be trading at the open. Yeah. Look, i think the problem is twofold no one thought oil was coming. Theres a very, very different approach by some to whats happening with the virus some people are saying not enough others are saying, listen, were making too much of it. Im in the distinct not enough camp i come back and i keep thinking about david tepper and what he said to me at the super bowl i dont know if we have that i think we do is the booth ready on that going back to midfebruary early february day before the super bowl i came back and have never been the same i know people have accused me of being fear mongering for weeks now. No, i think im realest mongering. Were trying to back into it, you have to try to figure it out. Ruined the environment of the setup right now. Whats