Admitted to icu. It is april 7, 2020. You are watching cnbc. Good morning and welcome im dominic chu live at cnbc headquarters we begin with more breaking news stocks set to surge at the opening bell with the futures indicating that dow could open by another 555 points and the s p up by an implies 56 and 140 points more for the nasdaq it would have been an historic rally more than 1,600 points just yesterday it was only the blue chips best day since march 24 and only the third biggest gain ever. The dow and the s p remain more than 20 below their alltime highs. The nasdaq below its record high but we were up some 21 since the lows we saw back last month. Team coverage kicks off. Matt taylor is in singapore. Julianna is on early trade in europe headlines out of washington, d. C. Steve is covering the latest and rahel is here with more on the corporate response matt taylor, we begin with you we did see a mostly positive session across the asian market. Although a number of these markets
The tunnel but this is going to be a very painful two weeks. Uk Bank Stocks Fall after lenders ditch their dividends. Joining the european counterparts on calling lenders to hold on to cash sinking deeper into contraction while the italian pmi drops to the lowest in a decade i expect to see some very bad numbers coming out of the economy in the First Quarter, Second Quarter and what it looks like coming out will depend how the virus proceeds lets do a little bingo calling here this is your eurozone pmi bingo numbers. Final manufacturing pmi for march 44. 5 that is the lowest since july 2012 the final manufacturing output number, pmi at 38. 5. The lowest since april 2009. Worst than the flash estimate. Rounding it out with a look at the final new orders the constituent 38. 5 the lowest since march 2009. Clear indication of significant decline in eurozone factory activity u. S. Futures turned sharply lower after President Trump warned that the next two weeks will be painful as many as 24
Flights across the country from body butter to hand sant tieser fighting the medical supply shortage good morning and welcome im Courtney Reagan from nasdaq ma market site. Kicking off with breaking news as stocks are set to surge at the open this does come after the Federal Reserve developed new tools to help stave off an almost certain u. S. Recession dow indicated higher by 865 points, s p by 99 and nasdaq by 320. The virtual qe program, the fed buying more Mortgage Backed securities but say can it with purchase Corporate Bond and Corporate Bond etfs that track the corporate debt market that means buying etfs like the iboxx or van guard the i shares lqe is marginal higher but the vanguard is down. Yesterday, ultimately another rocky day with the dow closing at its lowest level since november 9, 2016 it remains on pace for its worst month since 1931 green arrows across the screen in asia overnight. We have global Team Coverage matt taylor is in singapore, karen tso is in london thank
Good morning welcome to the show. We begin with breaking news as we have been for the past few weeks. Futures pointing to steep losses after pointing to one of the worst quarters on record the s p down as well as the nasdaq as well markets much lower the dow shedding more than 23 in just the past three months. Its worst quarterly performance since 1987, and worst performance for a quarter on record boeing there, sliding more than 50 since december 31, shaving nearly 2,000 points off the dow itself not much better for the s p 500, losing 20 for its worst quarter in history and worst quarterly performance since the financial crisis oil prices as well down 66 to the lowest level in 18 years coming off the worst monthly and quarterly performance ever down 66 the numbers are not much better right now around the world matt taylor is in singapore. Julianna tatelbaum has the early trade in europe. Matt, well begin with you it has started early in asia and is carrying around the world now. Abso
Are watching cnbc. Good morning and welcome. We are keeping a close eye on the rally in airline stocks. You can see hear the industry reaching the Biggest Airlines in america up 5 to 7 to 8 this morning in trade. The dow would open down by about 358, s p losing about 45, implied. The nasdaq down by 104, 105 if these future losses hold into regular trading after the opening bell 9 30 eastern time today. This is after a broad rally where the dow dropped to 560 points and the nasdaq capping the first fourday winning streak since early february. In the bond market, we are seeing a bit of movement there more mark theedly to the day dropping down 21 basis points. Noticeable move lower in the 10year benchmark note yield the 30year at 1. 31 there oil prices after closing down yesterday, the lowest since late last month, the iea is out with a new forecast this morning saying Global Oil Demand will fall this year by a record 9. 3 Million Barrels a day. Wti trading at 19. 70 they say this erases