As of tuesday global deaths from corona virus top 254000 the number of cases stand more than 3600000 a vaccine possibly and play now as u. S. Based Company Pfizer is working with a german drug maker biotech and said they have already started delivering doses of their experimental vaccine here in the United States will if the vaccine proves to be safe and effective it could be ready for us distribution by the end of the year well this comes as we reported yesterday the trumpet ministration is predicting a continuous surge in new cases based on a new model where up to 3000 daily deaths will occur by june 1st the white house now predicting a death toll of 134000 this is nearly double its previous estimate well the trumpet ministration is now reportedly looking to phase out the white houses krone task force and turning it over to Pandemic Response agencies by early june meanwhile more countries around the world are easing restrictions this includes hong kong which announced plans to relax
Based Company Pfizer is working with german drug maker biotech and said they have already started delivering doses of their experimental vaccine here in the United States if the vaccine proves to be safe and effective it could be ready for the u. S. Distribution by the end of the year well this comes as we reported yesterday the trumpet ministration is predicting a continuous surge in new cases based on a new model where up to 3000 daily deaths will occur by june 1st the white house now predicting a death toll of 134000 this is nearly double its previous estimate well the trumpet ministration is now reportedly looking to phase out the white houses krone task force and turning it over to Pandemic Response agencies by early june meanwhile more countries around the world are easing restrictions this includes hong kong which announced plans to relax social distancing measures and even to allow schools to reopen in phases. He joined holyoke to hong kong last locally transmitted a case which
120 reports are in, but next week is the big week for earnings reports. Yearoveryear Earnings Growth is down 17. 6 right now as we stand. The s p before today was down 13. 4 this year. He did make back some of that ground lost, but we will see what comes our way next week. The 10 year yield has been in its range as well. We have crude limits high for the week, but nevertheless, up and helping to send Oil Companies higher. Down 0. 4 , but still around 17. 25 an ounce. Lets get back to what is happening with italian bond yields and european bonds more broadly. Italian bonds catching a bid today. Are tightening up in germany as well, despite the fact that we have an s p rating review this evening and eu leaders essentially failed to reach a significant conclusion regarding funding, how they are going to fund europes economic recovery, and yesterdays video call. Are we overestimating the risk when it comes to italy and btps . Lets get a sense of where we are at the european economy. Peter
As of tuesday global deaths from coronavirus top 254000 the number of cases stand more than 3600000 a vaccine possibly and play now as u. S. Based Company Pfizer is working with german drug maker biotech and said theyve already started delivering doses of their experimental vaccine here in the United States will if the vaccine proves to be safe and effective it could be ready for us distribution by the end of the year well this comes as we reported yesterday the trumpet ministration is predicting a continuous surge in new cases based on a new model where up to 3000 daily deaths will occur by june 1st the white house now predicting a death toll of 134000 this is nearly double its previous estimate well the trumpet ministration is now. Reportedly looking to phase out the white houses krone task force and turning it over to Pandemic Response agencies by early june meanwhile more countries around the world are easing restrictions this includes hong kong which announced plans to relax socia
If you say things are okay, not as great, and youre an industrial, because there will be an opening of america, people will buy you if you say things are in line and you pull your forecast and youre not industrial, its a recipe to be sold. This is about hope its about the idea that it cant be as bad as it is right now. Youll see that even with marginal retailers, people think a marginal retail hear to come back because america is open listen, you have to go with the flow for a couple days if youre a trader if youre an investor you have to take the other side of this trade as we get closer to the opening. I think people will be surprised how little these businesses will do and how worse theyll do once we go open its not it is an opening other than auto builds wont occur. We have to be ready for that your general thinking is well get a ford plant reopening, vw doing it, boeing in South Carolina next week, but its going to be a manufacturing bounce yes more than a service bounce . Yes man