Stuff happen here in the lockdown of new york and london. That does not mean the conversations will stop. Great conversations lined up today. Thank you so much for watching our last hour with rupert harrison. We move forward with michael a moment. Ning us in my observation is that every nation for itself right now. How was Prime Minister johnsons weekend . Francine i do not think they are competing with each other. There is a lack of coordination, but when you look at the u. K. , that is coronation between treasury and bank of england. So it is domestic coordination that got it right. If you look at the global efforts, maybe coordination could help in terms of medicine of swaps medicinal sops information. Boris johnson has told people to selfisolate or at least distance themselves. If you look at pictures across london, many people, far too many people, are just not heeding the advice of what the government is saying, which is why we hear that the government is thinking about a lock do
This is 3 declines for each of these markets. Joe, it looked worse overnight well see what happens as we get a little closer to the opening bell youve been watching the treasury. It was lockdown. It was lockdown for quite some time. And it really was about i couldnt help but saying, this is the politicians fault. It was if they had done what they looked like they were going to do as of friday, i dont think it would have been like that but then again, we may have had the, all right, they passed it, were up and then that sells off. In this world, i dont know what to hope for anymore. This is how it works, though. Im going to read something in a second that im so excited about. I even got more excited about this than i did about the futures not being locked down is,000 points. Weet gel well get to that. It was 954 points or something. Yields have come down. The tenyear was down at 0. 829 . Again, that volatility is spreading not only through the stock market but treasuries. Its been amazi
Charles payne himself. Plus finding the good in people in these uncertain times. One Plastic Surgeon in new york city doing something amazing to help the city. He will be talking to us about it. In a little bit all that and more coming up on making money. Deirdre moments ago the senate announcing it will take up the stimulus package tomorrow. Gop senators calling for an urgent change to the text that they say will trigger massive layoffs. Hillary vaughn, what is the detail . Reporter deirdre, i want to show you a live look at the press conference any moment were expecting with a group of republican senators, tim scott, lindsey graham, ben sasse, the ringleaders behind flagging this key part of the bill they say would incentivize people to be laid off instead of work because they would make more under this bill, being laid off as opposed going into work. They want to make a change for that. The text for this is still rapidly being finalized. They reached agreement on bones of it at 1 00
Stabilized but that doesnt tell you what is happening beneath the surface. The 10year yielding 0. 8 . Updates on the outbreak in america. We are now more than 4,600 confirmed cases. At least 85 deaths last night, President Trump vowing to backstop u. S. Industries saying the u. S. Will be power fully supporting those Industries Like airlines and others impacted by the virus weigh will be stronger than ever before the eight largest u. S. Banks announcing they will be jointly accessing funding from the Federal Reserve. There has long been a stigma and they are all doing it together Morgan Stanley being the first bank to do it. We should not take anything away from that decision the ceo also happens to be the chairman of the committee that put this group together that went to do this. Joe. Investors are looking for a substantial fiscal response from washington to try to stem the he can economic damage. Reporter we do expect congress to move today not sure when the senate will take action,
Lows. Stoxx 600 down by 0. 3 percent. The pound is getting a battering. Increasingly, noise out of the bank of englands adjusting we are heading for a rate cut toward the end of this month. Pound suffering as well on gdp data today. German tenyear, we are up by four basis points. We are trading 16. Chinese vice premier liu he is set to arrive today before an expected signing of a phase i trade deal with the United States on wednesday. For more, we are joined by kristina hooper, invesco chief Global Market strategist. Essentially, it is a very tiny deal, and we are not even sure if everything will be followed up upon. Correct, but ais lot of this has to do with psychology. Even though not a lot is tackled in this deal, it should provide a very nice psychological boost markets and to Business Leaders who, keep in mind, have really been reluctant to spend because Economic Policy uncertainty has been so high. Vonnie do you really think that after all this time and all of the wrangling back