Development, even though the number of cases in the number of deaths rise, they are rising at a slower rate, hospitalizations are growing at a slower rate and now of course admissions into intensive care, that to is dropping. So those are constructive developments that you obviously want to see. But we told you about Boris Johnson doing better. People forget another thing were dealing with is the ceo of morgan stanley, he is okay right now, he is recovering from the coronavirus. These are bits of news that we tried to get out to let you know not all the news is grim as they continue to look at what a good time to gauge when making kind of slowly get ourselves into weaning out of the lockdowns parade were a long way from that and a lot of folks to say this is a generous timeline, we will get both sides of the story. Right now we know the healthcare tax force led by the president is going to be reporting a little earlier than normal, about an hour from now. Like fermented tea it all up.
And thats when the Trading Halted it slowed some of the panic selling, the machine selling and at the end of the day, still down more than that for the dow futures for the dow a decline of more than 2,000 points. Youre looking at a big bounceback but only half of the declines from yesterday. Up by 1100 . It found some support and then it was down 5 and then it closed about where it was indicated to open. Right. But we kept saying what if the garden variety correction is 12 we got a pandemic whats a decent where do we got an additional 18 or 19 yesterday. Well, in total. Down down 18 or 19. Yeah. If it goes from here up 1,000 today youll once again be the call of the bottom you will be ill take it. I hope im the call of the bottom. I hope you are too. But its just consensus. Just the feeling that everyone has at the same time that you express. Thats all it is thats many times that is the indicator. Do you think do you think we have more to go . Well, i understand the focus on the equity
Do you want to go through the data . Tom yeah, let me go through the data. The news is in conversations. Limit 12. 55 with a massive curve flattening, oil down at the bottom, speaking volumes. Next screen, please. The vix is a good litmus paper, not moving here with futures down, 40. 94. I am not sure what the implied 5. 0is, but im guessing will be a good place to start. That is the yen. What is absolutely telling, there is persistent yen strength through the japanese day and the london morning. The 30year bond. Third screen and i know francine has a more europecentered view. This is the chairman powell screen. What will they do before the market opens . This is what they are looking at. The twoyear yields from the u. S. , u. K. That is stunning on the United Kingdom, maybe near a negative yield in japan and down to germany as well. Francine . Francine first of all, we did have the iaea headlines crossing the terminal moments ago, oil demand dropping for the First Time Since 2009, whi
My previous book called 1989, the struggle to create post cold war europe. These books are in the reverse order. 1989 talks about the Foreign Policy that followed the fall of the berlin wall. The collapse is actually about the fall of the berlin wall. So the new book is a prequel to my previous book. So how did that happen . This book is about the Foreign Policy that followed the fall of the berlin wall, and when i did book talks like this one, id say, im here to talk about the Foreign Policy that followed the accidental opening of the berlin wall. And often i would not even get to that sentence. Somebody would interrupt me and say, timeout. What do you mean the accidental opening of the berlin wall . That was the polite version. Sometimes i also got, youre an historian. Dont you know that president reagan opened the berlin wall . When he went to berlin in june of 1987 and said, mr. Gorbachev, tear down this wall, that the wall opened . I got that question so many time is realized that
So much for coming out to hear about this amazing event. Of the berlin wall. Sarotte. I normally live in a warmer climate. I am professor of history in i currently am a visiting professor at harvard. It was great to be at harvard while i wrote this book. So many great resources here that helped me to write this book. I have been asked a number of times about the origins of this that i wrotesons it. And that actually has to do with called 1989,ok the struggle to create post cold europe. These books are actually in the reverse order. The foreignbout policy that followed the fall of the berlin wall. Aboutllapse is actually the fall of the berlin wall. The new book is in essence a prequel. That happen . Well, this book, as i said, its about the Foreign Policy that followed the fall of the berlin wall. When i would go out to do book talks like this one, i would get im here to talk about the Foreign Policy that followed the accidental opening berlin wall. Often i would not even get through t