Deflationary europe feels than america. Francine this is also because the pandemic hit italy first, so in terms of curves, you are a couple of weeks ahead in europe. It is a different set of numbers. The packages and loans that european governments are giving is different from what the u. S. Is doing, largely because you are at different stages in europe compared to the u. S. We are looking for that leaders summit, more stimulus coming from the commission and probably to give a strong voice to the commission that europe is united and in solidarity with country most affected by the virus. Tom a lot of different opinions. We will talk to Dennis Gartman about how to fold in a weaker euro call with gold. Here is viviana hurtado. Viviana donald trump signed an executive order to curb immigration. Green cards are currently on hold. They allow foreigners to become permanent residents. The governor the president says that will limit competition for jobs. Expected tose is approve today the 484
Economy. More than two trillion more in programs today to support business and the bond market amid the covid19 out break. Fed chair powell saying the economy and the recovery can be robust this after another 6. 6 million americans file for jobless claims that brings the total over the past three weeks to nearly 17 million. Take a look at oil it was surging earlier today but pairing those gains now, its now negative on conflicting reports on whether or not opec has reached a deal thanks. We have all the big stories covered today. Crude being one of them. Its down 5 well have more in a moment. Bob on the markets and kayla tracking the moves in congress, which didnt happen today. Bob, we kick it off with you we are just off the highs the banks are lagging. Banks, retailers, just off the highs for the Dow Jones Industrial average bank, retailers and real estate doing well energy has been lagging a little bit. Were awaiting for details on opec and the deal or no deal we dont know yet. Ther
Was with bill winters of Standard Chartered who saw first hand what was happening in wuhan. He said the u. S. And u. K. Were too late in dealing with coronavirus. Mr. Johnson, who is still selfisolating at downing street, he has given up doing the daily briefing. He has given that to michael gove. Unprepared andl we watch what comes next. The amount of traffic in london is still quite palpable compared to france and italy when they are in complete shutdown. , i drove around a bit yesterday and it is a 15 of what it once was. A lot of good conversation today, Jeffrey Sachs will join us in moments. We are thrilled to bring you laureate Michael Spence of new ,ork city, and at 12 00 noon david westin in conversation with the Vice President of the United States. Lets get to the first word news. Viviana china accusing the u. S. Of trying to shift the blame for its own coronavirus outbreak, responding to the report that china concealed the extent of the problem. The u. S. Intelligence communi
Done here you see the home builders, weve had a terrific rally in the builders in the last few days but hovnanian was 29 just a month ago. Its a 9 stock right now. Yes, weve had a great rally, but bear in mind how far weve come and how many more headlines we have yet to get through a lot of people are also optimistic watching the vix drop it has dropped exactly in half since march 15th it was 86 on an intraday basis march 15th, you see it at 43 exactly a 50 drop thats making a lot more people a lot more optimistic. A lot more arguments that the markets are higher have been mitigated by the fact that weve just had such a big rally and its hard to push against this rally right now. Look at these stocks right here and how much they have moved since the market bottomed, the february 21st close, which is when things really started get getting bad. Walmarts up, verizon is only down 1 . Merck and 3m down a few percent. This is when things started getting really serious you see how much the ma
At a 10 plus number for on them limit on friday. The dow jones is down zero point 3 . The s p is positive by just a point. The nasdaq is down by four points. Very Little Movement right now, at least around these indices. The dollar index is stronger today at 100. 18, as the said continues to as the fed continues to invent ways to get money into the economy, the latest to get banks to breach their leverage ratios. What is going on in europe right now, guy . Guy as you say, the dollar is creeping up, which means the euro is going down. The euro a big component of the dxy index. The dollar regaining a bit of traction right now despite the fed efforts. European stocks down by about 0. 6 . The only sector in positive territory is the oil and gas sector, given the climb we are seeing in crude prices. Brent is up by 5 on expectation for the president that a deal can be done between the russians and the saudis. Eurodollar now with a 1. 08 handle. Down at the bottom, youve got a bit of an offer