Book of the former National Security advisor say the president sought xi jinpings help to win reelection. Futures takepean turned lower as coronavirus cases rise in china, brazil, and several american states. President trump escalates tension with beijing, signing a measure punishing officials for imprisoning more than one million muslims. Plus, the bank is expected to boost bond buys by 100 billion pounds today as investors watch for hints on curve control. The market still sees rates going negative in the u. K. Next year. We are just under an hour away from the start of cash trading across europe and in great britain. Lets take a look at the futures right now. Euro stocks futures down. Ftse futures off almost 0. 7 . U. S. Futures are almost down 0. 5 for the dow and the s p 500. Nasdaq futures doing a little bit better, but still in the red. Anna . Yes, lets show you what weve got on the gmm this morning. Reflecting on what has been happening through the asian session. A mildly negat
There has to be a reason for stocks to keep going up, because there are no tail winds. Sure the economy is reopening all over the country we had great jobs report last friday but we still have 13 unemployment in this country as much as we want to reopen, the sectors that have turned redhot, thats why the dow dipped 300 today the tech heavy nasdaq advanced stocks can only go up so much based on the fact the world isnt ending lets take the two most exciting areas in this Market Airlines and cruise lines. Those juggernauts were marching towards their precovid highs neophyte internet goaded wagerers, betting that someone would come in and buy higher that worked for a while, but today it stopped when you invest on the greater pool theory, sooner or later you are out of fools there are times that the greater fool theory does indeed work i am not someone who will give you a hard time for making money the wrong way. The games in these groups are still very real. But if you are going to play th
Under an hour left in the session. Lots coming up on todays show a big exclusive interview with bank of americas ceo. Well get a read on the Small Business relief program. He joins us live in about ten minutes time plus as retail bankruptcy concerns swirl, well speak with the president of sax fifth avenue about whether customers h actually return to stores when doors do reopen but first, lets focus on the big stories of the day. Mike is tracking the market pullback on this first day of may. Josh is covering apple diedra is watching amazons move and phil has the shocking tweet from elon musk that sent teslas shares tumbling. Mike the s p 500 down almost 3 today. About 3. 5, 4 from its highs just two days ago. Look at a chart. Just to map where we are down about 4 we had broken on a shortterm basis the uptrend from march i dont think anyones going to get too concerned about this unless it goes deeper than at least 2550 week and a day or so ago, last tuesday, we were down around 2730 so w
Warns america to prepare for a painful time as new york surpasses chinas Hubei Province in reported cases, the deadliest day so far. Japan proposes its biggest ever stimulus package as the virus threatens a deep recession. The Business Survey this hour will gauge some of the damage. Haiti. Haidi haidi. Haidi lets take a look at how we are setting up in australia. Trickling online in the staggered open, seeing early signs of positivity when it comes to this market after ending the session lower yesterday. We are seeing upside of about. 7 at the moment as we are awaiting the rba march 18 Meeting Minutes later today. We are trying to get past the worst quarter ever, so downside of 25 for australian stocks over the last three months today is a new day and new zealand, we are seeing gains for a Third Straight session as the rbnz is doubling down in the bond purchase program. Japanese shares looking a little bit lower. They had the worst quarter since 2008 and the kospi also trending lower a
Designed to stop its spread. Normal life coming to a halt in many different ways tonight. Seniors are being urged to stay home. The bay areas bustling restaurant and night life scene is going dark. Changing millions of lives. The cdc now says you should stay away from gatherings with 50 people or not. Tonight there is a surge of cases in the bay area. This is a big hit for a lot of bay area businesses. Reporter and there are a few bars and clubs we noticed tonight that remained open even after the governors announcement. Reaction from people is mixed so far. Some saying it is a big but necessary move by the governor. Others says it is an over reaction. This customer says the governor is going over broad. There are more people in a closed environment on my bus than there are at this bar. Reporter the owners of this irish pub had been kbegearing u for Saint Patricks day. A lot of bars buy a lot of inventory for this day, you know. And they cant get rid of the inventory. Its affecting a l