Gilead sciences, as you heard from maria, positive news from a government trial of their remdesivir and also from two of their own trials. Positive news on a treatment. That sent futures straight up earlier this morning and look at the stock, also straight up, 6. 8 . Thats the effect of this effective trial of remdesivir. Up go futures, up goes gilead stock. More on this in a moment. A second reason for the dows gains, investors expect a strong recovery for the economy starting in the summer. The market always looks to future conditions. Theres a third reason. The Federal Reserve is likely to say today they will do whatever it takes to stabilize your money. Wall streets expecting more stimulus. The dow will be up close to 550 points at the opening bell, close to 2 . The s p up 2 . The nasdaq solid indeed, up over 2 . We had boeings numbers out this morning. Continuing problems, but its cutting 10 of its work force and investors like that. The stock is up nearly 6 . Okay. More on all th
Hitting new all time highs in currencies everywhere in the world that will soon be having a new all time high against the u. S. Dollar because it is Holding Steady its all the great it started out at 1. 00 its now you know hovering between 7. 00 and 9000. 00 per because. You know this is the store of value the safe havens that people are going to run to when money becomes worthless and negative rates become the norm so money is worth less than nothing its worth less than the toilet paper people are hoarding as a matter of fact toilet paper percy is now worth more than a dollar per sheet in some instances people are paying 67080. 00 a roll for toilet paper that is an exponential growth in the price of a sheet of toilet paper paper that is indeed correct and of course i do want to remind you we are in the middle of a bit of a pandemic and which youre supposed to wash your hands all the time and not touch your face so please max do not touch your face otherwise that clip will go viral you
Exponential pandemic which is hitting the mortality rates go exponential as you get older is not fun to turn a year older in the middle of a pandemic but before we get into that exponential growth of the pandemic lets look at the result of the exponential growth in debt over the past few decades chis report of course has been reporting on this non stop for the past 10 years and i want to look at these 2 charge is the 30 year treasury and the price of oil if you turn it upside down. You see the exponential its going exponential down 30 year treasury yield is well below a one percent oil price obviously we collapsed 30 percent on the opening on monday of this week the price of money whether its cash 2 year note 5 year no 10 year note 30 or no is approaching 0 so money has no value whatsoever gold is hitting new all time highs in currencies everywhere in the world that will soon be hitting a new all time high against the u. S. Dollar because it is Holding Steady its all the great it start
Episode a kaiser report during the exponential spread of the pandemic coronavirus were looking at the 2nd half of the chessboard as it is called and i want might want to add that today is my birthday so turning one year older in the midst of an exponential pandemic which is hitting the mortality rates go exponential as you get older is not fun to turn a year older in the middle of a pandemic but before we get into the exponential growth of the pandemic lets look at the result of the exponential growth in debt over the past few decades chis report of course has been reporting on this non stop for the past 10 years and i want to look at these 2 charge is the 30 year treasury and the price of oil if you turn it upside down you see the exponential its going exponential down 30 year treasury yield is well below a one percent oil price obviously we collapsed 30 percent on the opening on monday of this week the price of money whether its cash 2 year note 5 year no 10 year note 30 or no is app
A catastrophic Global Economic crisis sweeping containment measures have disrupted markets around the world including the u. S. A travel ban on 26 European Countries came into effect on friday and the unprecedented move sent stocks crashing to their worst losses in over 30 years on wall street the Dow Jones Industrial average sank 10 percent on thursday its biggest plunge since the black monday crash of 1907 wiping out billions across the e. U. And asia pacific the Airline Travel and Hospitality Industries are also expected to be hit the worst and theres been a slowdown in manufacturing particularly in china where the outbreak originated and the crisis has led to all we can demand for oil but it crashed further after a dispute between saudi arabia and russia on prices and production. Well lets bring in our guests to discuss this further in washington d. C. We have pedro de coster hes a Senior Reporter at Market News International joining us on skype from brussels haas circle the marque