On slowing the spread of the virus. New cases of it on the decline in major hot spots including new york. Dr. Tony fauci saying the death toll in the u. S. Could be 60,000 versus earlier estimates of 240 people dying. Donald trumps Approval Rating hit alltime high for him amid coronavirus pandemic and also showing an overwhelming majority of americans are concerned about a recession. The virtual opec plus meeting which included saudi arabia and russia ending in a tentative agreement to temporarily cut production by about 10 millionbarrels per day. But mexico could derail the plan. Oil declining near the trading session over concerns about the Production Cuts that they wouldnt be deep enough. U. S. Markets are closed today in observance of good friday but yesterday u. S. Stocks rallied, dow, nasdaq, s p all up more than 10 for the week. S p having the best week since 1974. In asia overnight markets were mixed, you can take hang seng and hong kong closed for good friday. European markets
Points. 770 is the yield on the 10year treasury right now. The yield on the 30year treasury below 1. 35 . It is now down 18 basis points at 1. 358 on the 30year. Mortgage rates are hitting record lows, how you can take advantage of this, these yields are tied to mortgages so we could see refi activity as well. Coronavirus crisis, one hundred thousand confirmed cases worldwide. That number is expected to increase. President trump says that the u. S. Economy could take a hit but says it is all going to work out and everybody should be calm. The democratic field is thinning out. Elizabeth warren the latest to drop out of the 2020 race but not making an endorsement just yet. Meanwhile this Jpmorgan Chase jamie dimon is recovering from emergency heart surgery this morning. The surgery was successful and dimon is awake and alert. Plus nashville recovery, President Trump headed to tornado ravished area today after approving disaster declaration, we will tell you there live this morning for a
Has been the trend we have been watching for quite some time future indicated 44 points by the dow. S p futures by 3. 5 this comes after we saw all three of the major averages sitting at new highs again on friday thats happened a lot recently the dow and the s p 500 up for the last seven of the last eight sessions nasdaq on an eightday winning streak and thats something that youre watching as we kind of rush into the Holiday Season here also look at whats happening in the treasury market. Youll see that right now the ten year looks like it is yielding 1. 91 just below 2 for the ten year we have some news breaking just literally in the past hour now. Report saudi arabia sentencing five people to death for the killing of Washington Post columnist jamal khashoggi, he was murdered of course in that saudi consulate in istanbul just last year by a team of saudi agents saudistate run tv saying three other people were sentenced to prison over the killings and reports say that the investigation
Here and pw partner mitch rochell. Happy monday everybody. Good to see you. Congress back in session, weve got markets trading up, deal on china in terms of a meeting, of course, early october, lot to talk about this morning. Also on deck, my interview with treasury secretary Steven Mnuchin. Were going to talk about trade, the fed, fannie and freddy, reform, fannie mae and freddy reform, the latest iteration of a plan, certainly out of the treasury this morning, about Housing Finance and housing reform. Well talk about fannie mae and freddie mac. And the founder of papa johns pizza speaking out this morning exclusively to me in his first interview since being pushed out of the company that he founded. John bar a aso is here talking about peace talks with afghanistan, Niles Gardner is here talking brexit and senior judicial analyst judge Andrew Napolitano on big techs antitrust suit and doug collins on the upcoming Inspector General report as well as the new move out of the judiciary to
Economic slow down then theres china upping the ante in the on going trade war out with a new warning for President Trump, aka the chosen one. Those details coming up next and the president targeting an American Business yet again. This time taking on big auto it is thursday, august 22nd and Worldwide Exchange begins right now. Good morning and welcome stock futures indicating the dow will post maybe just some fractional losses and slight losses right at the opening bell if you see here were positive just by about though 8 points overall. The s p again up by 1 point and the nasdaq down by 6 if these futures moves were to hold into the regular cash Equities Trading session. To the bond market now, flashing again, that recession warning signal, the 10 year briefly dipped below the 2 year yield. You can see here following the release of the latest Federal Reserve Meeting Minutes yesterday. Investors on edge fearing the central bank will not act aggressively enough to stave off a possible