Point 46 overnight. Political posturing is taking place with taking place between london and brussels. Checking in with some of the other little asset of the other asset classes. Gold pulling back in tandem with ,. 10 lower. Tom lets get you the first word news and an update on the continued spread of covid19. Have surged past 40 million and show no signs of slowing. U. S. Infection rates rising in 48 states while europe is inosing tighter restrictions london, paris, and other cities under strict curves with ireland enacting some of the toughest restrictions yet seen. The World Health Organization says failure to control quarantine rules has led to the resurgence. I stocks hit a six month low amid fears continuing street protests will drive investors away and further hurt the weakening economy. The benchmark index closed at its lowest level since april 16 as demonstrators bow to keep up pressure for constitutional reform and curbs on the monarchy. The index has lost more than 5 of its
Sharp snapback connectivity. It is a phase four package necessary . I think it is. The economy can get by without it until the election. Will bringnistration forward fiscal stimulus plans. I think we can make it to there. It is necessary as long as we get it in the next 12 two quarters, i think the recovery will be ok. In the meantime things are a delay ing, and ongoing negotiations does not help things. I think it hurts confidence and slows down economic momentum and prevents a quicker recovery of the economy. Back and forthd among three parties. The president of the United States, the Senate Republicans come in nancy pelosi. Hard to know where we are going. How big thef packages, there is a sense of whether it needs to be targeted or general. Can we if it does not address broad state assistance . Michael i think getting anything is better than getting nothing, for sure. Even if it were targeted on specific sectors like airline and maybe Small Business, that is better than doing nothi
Disadvantage to the company overall. People dont forget. Cheryl thats the problem. People will not forget that. Youre advertising during the nfl draft. Youre going to get a can because a guy decides to be a girl. What did you actually do . That turns people off as well. Cheryl get back to business, businesses. Chris and krisha, stay right there. The next hour of mornings with maria starts right now. Cheryl and its time for the word on wall street, top investors watching your money. Joining me now, michael lee strategy founder, michael lee, and market strategist, Katherine Rooney vera. Mike, want to start with you, the big news this morning obviously on a monday, regulators just a couple hours ago seizing First Republic bank, agreeing to sell to jp morgan. Jp morgan will assume all of First Republics deposits and buy most of its assets. First republic is the second largest failure in u. S. History as far as banks go. The stock halted in the premarket, down almost 46 . I spoke to Odeon C
Its often called a once in a lifetime experience, and soon it could be seen for the second night in a row for people here in the bay area. Ive never seen Northern Lights in my whole life. My cousins did. My friends did. Now i cant wait for my turn right now, spectators are gathering for the rare opportunity to potentially see the Northern Lights. Good evening. Im amber lee. It could be the second night in a row that these lights are visible in bay area skies. Ktvu is joey huerta is live from the Chabot Observatory in the Oakland Hills, where both astronomers and stargazers are gathered. Tonight, joey. Yeah. Amber. What a night out here. The spectators have been coming in for hours now, waiting in line. There at capacity. Theres a parking lot that holds 400 cars. It is full at this point. These people, eager to see this rare solar storm over the bay area. The Northern Lights, a stunning light show illuminating the night sky across the country. And right here in the bay area, seen for th
Still when it comes to wage gains. Annabelle thats right. We saw a real wages down 2. 5 from a year earlier in march. That was actually the deepest drop we have seen in four months. The running streak of declines is now 24 months. Certainly there has been a real question for japanese government officials. When they start to see inflation being driven by the demandside or would it still be from the supply side . This is perhaps the numbers that the boj would not want to see at this point in time. But that focus on the back of the wage numbers coming into the boj summary of opinions. A lot of different lines dropping out of this. But this need to raise rates appropriately and at the right time and the need to deepen talks on rate hike timing. Just some of the headlines dropping from that. Also they are saying it is vital to cut bond buying and supply dynamics. Here you have that Market Reaction so far this a slight bit of strength coming into the japanese yen. Nikkei 225 online this morn