Highs today, down about 2 . Trading volumes are down for the dow, s p, and nasdaq. Remember, we have a short trading week next week because of the memorial day holiday. It will be time to take a breather and plenty of people will be doing that. S put of 11 groups in the 500 closing in the red. The exception, industrials. Boeing and raytheon. Fromng to keep the dow falling as much as, say, the s p and nasdaq. Andre seeing some buying some of the beaten up areas, including small caps. Lets bring back dennis to. Ushehr of evercore isi in terms of data, highfrequency data will be top of investors minds. We do get some housing numbers tomorrow and there is anecdotal evidence that there are a lot more people interested in moving out of cities, certainly in the tristate area. Parts of that, that part of the economy still continuing. What is your view in terms of housing and how that will play out . It is one of the good aspects of the pandemic, that we went into this with an extremely strong
Drug failed in trials. Good afternoon afternoon and good evening, good morning. This is viviana , this is bloomberg surveillance. First thing is first, this is what your markets are doing. A lot of the focuses on earnings. A lot of the focus yesterday was the fact that we saw this blunder through w. H. O. Leaking. We understand gilead and the impact we saw on the markets because the trial was not as successful as a lot of people were hoping it would be. Overall, your markets are also focusing on oil. Touch today, west texas actually extending the recovery, treasuries climbing with the dollar, and a lot of the focuses what is going on with italy, the Italian Government bond fell after the europeans felt signed off on this plan, immediate follow from the pandemic, and we also look at Corporate News and some of the earnings. Ifo german Business Confidence falling, but it was expected. Of the 79. 7 figure. Again, that is the lowest ever, and in about 30 minutes, we will speak to the head o
Notably russia, and surely it puts a crimp on the future of electric cars. Look at it this way. Why buy electric when a gallon of gas on average now costs 1. 81 and likely to fall much lower. In wisconsin, the average is all the way down to 1. 22. There are some places where its below 1. We will bring them to you. Its a big negative for the stock market. The dow industrials are going to open down 500 points. Thats roughly 2 . The s p down 1 . The nasdaq down 1. 93 . The oil crash really hurts stocks as well. Every energy stock is down. The airlines and the Car Companies, they cant cash in on cheap jet fuel and gas because people arent flying and theyre not driving. Where is the additional help for Small Business now that the first rescue package has run out of money . As of right now, it has not come through. Treasury secretary mnuchin negotiating with democrats over the weekend. Its supposed to be a better than 300 billion plan but its not here yet. Perhaps thats another reason for th
Well get to him in a moment as well lets begin with our gang today. Jim, ill kick it to you first as we look at the markets here, it is this legit is this move of the last couple of days something to truly bank on you know i always want to give you a direct answer but this one i got to give you a solid, i dont know. Maybe im playing it both ways, scott. Ive got 8 cash which means im 92 invested after a move like yesterday, i wonder should i put it to work i think we retest the lows based on the degree of uncertainty than the 8 cash will be be such valuable currency to me buying to me what will be well below market or fair value prices that the mistake im willing to make is hold that 8 cash and not invest it right now. You must have a feeling of whether or not you think were going back to the lows are you feeling you want to move away from that because of what happened yesterday and this follow through today ill be totally honest with you, yes yes, i am. On the back of a positive change
Over a good morning this is Art International from moscow its just turned 11 am here now this friday my names kevin irwin with this 30 minute world news round up for you and 1st the latest figures in the covert 19 pandemic today the total number of coronavirus cases around the globe as exceeded 1000000. 00 with the largest number of cases registered in the us in italy and spain the number of deaths to continues its troubling rise its now more than 53000 however there is some encouraging news too the number of recoveries is also soaring and has now reached 213000. Here in russia there are currently over 4000 registered cases 34 people have died as the number of cases spiked yesterday president putin extended the countrys coronavirus lockdown until the end of april to get the latest on whats happening in russia with a correspondent in central moscow he goes down of morning we go nice to see you so what exactly was announced by the president thursday afternoon that take us through it whil