This is not hitting the economy. The fact that you have Stocks Holding in tells you some traders believe that right now the civil unrest is unlikely to hit the corporate profit outlook we are always talking about. However, if there is an unfortunate effect from covid19 because of the proximity of protesters, that could be in uncertainty. The other Factor Holding stops around flat is the fact we have the financials that move into the cyclical sectors once again happening. The stayathome sector trades off. What is amazing is the 10 year yield had been down a little bit earlier, right now about flat. Investors are not worried about this fundamental picture we are seeing, the social unrest youre talking about. Lets see whether or not that changes. David pick up something you mentioned to me earlier. How much of this is a weakening dollar . Abigail all of this is the dollar. That is a mark of quantitative printinge money that jay powell spoke about not that when theo dollar makes risk asset
We have a show full of chief executives and experts when it comes to treasuries. We will have a conversation with scott f. Thiel shortly. This is what markets are doing. Charts withuple everything from s p to growth versus value stock. Oil is pretty much study. Decline in banks. That is pulling stoxx 600 index down. Crude, i look at it every day because of what we are seeing. Around 32 a barrel in new york day rally. Four we will have market checks every 15 minutes. Lets get to the bloomberg first word news. President trump is hoping reopening the economy will dampen the need for another round of stimulus. That is shared by republican leaders, with Mitch Mcconnell sang the only way out of the crisis is for america to grow again. President trump is predicting a great thirdquarter. Talks have soured with the u. K. Negotiator accusing the eu of offering a low quality deal. David frost says it is unworthy of the fair trade agreement. Michel barnier a says they want to keep the benefits of
If we dont prepare and act now to secure access of void funding shortfalls and disruptions to trade we could be facing multiple famines of biblical proportions within the next few months well here in the United States of america while we may rank 27th in the world in education and health care we do hold the distinction of ranking number one in coded 19 infections and deaths with close 2900000 confirmed cases and roughly 50000 deaths. If that is an american exceptionalism at its finest that i dont know i mean hey we might not be good at math and science and all that but you know that whole reading thing but you know we can we can wreck up some covert 15 recovered 19 numbers thanks to our for Profit Health care systems. So with us citizens near and far battered and beaten down by this virus we now turn to argue. Great and powerful elected officials to find out what ideas or plans they have in place to help stop and protect us from this rampaging virus supposing we hit somebody with a tre
About a mass famine last year citing conflicts and natural disasters but the virus has further strains of global food systems the executive director of the world fruit food program says quote this is a perfect storm where looking at widespread famine of biblical proportions at least 265000000 people in the developing world may soon experience widespread hunger if things dont change jessie. Walbridge you know where you came at me with their so this morning i really didnt know i was caught off guard i really was i didnt realize that our food was in such danger worldwide and that there were so many people in danger worldwide and then you had the corona virus to wood which complicates matters further. To this really came back to me as. Were going to have to talk here about an entire cultural change that this corona virus as well as the food shortage is going to cause us as human beings to have to change our way of living on this planet i think theres no other way around it you know im goin
Wiseman hell be here in a few minutes with a scam alert you wont want to miss but 1st cabin fever setting in youre not alone how to cope lets ask the author of among other books the power of off the mindful way to stay sane and a Virtual World psychotherapist Nancy Collier usually joins us from our studios in new york but she too is working closer to home nancy its great to see. It continue even to be moderating it. Now lets see the pictures were seeing of new york make the city seem eerie give us some other adjectives how does it feel to be there now. You know how. Hard it quiet. And and its also incredibly beautiful when i walk my dog at night and i look down the avenue thats normally you know car its everywhere and people no one is out so it has this incredible at uni uni and passive family arent very odd but you see storing blooming in a way that ive never seen and ive been here many years you see that nature is delighting in this film thats thats good to hear during this crisis ho