Hong kong. , 3. 6 down. Hshares. Eight shares. Indeed, the volatility. 31 spike to the upside. Earlier, the hong kong dollar weakening. It has been right up against the strongest part of that. It went down to the lowest in six weeks. We have come off of that for the time being. Seven hong kong dollars. 75 hong kong cents. Now looking is pretty for the rest of the region as well. It is putting much red across the board. Tie one below its 10 day moving average. Currently down about 2 . The taiwan index is down about one and a half. Losses for the sti. Down about 1. 9 . Singapore grappling with the virus even though there are signs of stability. The city running out of time to hold an election. The benchmark down a tense of 1 . Down 8 10 of 1 . March numbers drink to the lowest mark numbers shrank to the lowest in 10 months. Crude down 2 . 3305. Crude at such levels could raise the possibility that shale producers slowly turn on the taps again. Gold futures getting some upside. 17, 26. Go
Crude posting its longest winning streak in a year. Opec cuts may be draining the blood. And top fed officials weigh in on negative rates, saying such a move is not on the agenda for the foreseeable future. Shery lets get to a quick check of the markets. We are seeing u. S. Futures holding steady, after we saw the s p 500 fall on rising u. S. China tensions that we saw in the regular session. The s p 500 fell eight tense of 1 . Technology and utility also leading the losses. We have heard from china responding to act as asians from President Trump warning that responding to comments from President Trump warning that nasdaq sides biggest composite fall in more than a week. We also have some abysmal Economic Data. Millions of americans claiming jobless benefits. We are seeing wti under pressure, but still above the 33 a barrel level. This after sessions of gains. We are talking about the longest winning streak in more than a year. Haidi and really that crude story may be a bright spot as
Tolls. President trump team preps plans to reopen the u. S. Economy. Boris johnson remains in intensive care. The single currency wobbles as she euro area finance minister struggle to come to an agreement on a Recovery Plan as the joint debt issue is a sticking point. A joint press conference expected at 9 00 a. M. London time. Oil moves higher on reports saudi arabia and russia could stop this comes as the u. S. Cuts its Production Forecast ahead of tomorrows opecplus meeting. As i said, just under one hour away from the start of cash trading in europe. Take a look at futures this morning. It is a bit of a flat trade. As we said, you have euro stoxx 50 futures down 1 as well as ftse futures. If you take a look at u. S. Futures this morning, you see a higher picture so they balance each other out. S p, dow jones, and nasdaq futures all of although you did have u. S. Stocks ending the day slightly down yesterday, whereas european stocks of course ended the day in the green. Anna. Anna l
Low. That didnt come close to happening. Even though looked like a sure thing earlier in the day. That is a weak close, that is the bottom line. Well get into it in detail. Fox Team Coverage of our top stories with our reporters first and blake burman on the big meeting with the bank ceos that wrapped up moments ago. Lauren simonetti covering the gyrations in the markets. Edward lawrence is on Small Business duty reporting the loans out of washington. Blake, we begin with you. That meeting has wrapped up, right . Reporter that meeting wrapped up between President Trump, secretary enough, larry kudlow, ivanka trump. That meeting at the white house just moments ago. At the beginning of it, larry kudlow, president s top Economic Advisor talked up the possibility maybe the economy can open up again the coming weeks. That is a theme we heard throughout the Trump Administration throughout the day. Even at one point at the beginning of that meeting as well, President Trump echoed that timelin
S p is down 76. We are watching all of these markets. A few things are going on right now. Investors werent impressed by the feds vow to buy an unlimited amount of Government Debt and give loans to businesses, big and small. Theres one industry that Coronavirus Crisis is impacting directly, restaurants. They are closing their doors to patrons, trying to shift to takeout only. We s ghave got the owner of a gp of restaurants who will tell us, he will say this, the restaurant recession has already started, already in effect. We know folks are out of work but how bad is it . We will find out. Theres also sharks in the water, there always are. Investors are not just looking for an edge in the selloff but advising businesses in how to survive the crisis. Weve got one of the best in this. Hes an investor, an entrepreneur, founder of fubu and the star of shark tank, daymond john will join us to give us his perspective in all of this and oh, yeah, we are going to check in on liz claman as she b