Come to a deal. We will have more on that, but still a super solid bid. We will break down all of this for you coming up. Coming up we will be talking to richard horton, and also mike wirth, the chevron chairman on the latest takeover. Leaders reconvene in about one hour for stimulus negotiations in brussels. Here with more is michael mckee. There is so many details within this. I guess the bigger question is, is this actually good . Michael that depends on your definition of good and the timing. Timing is the issue with getting the deal. They have been negotiating for quite some time. Everybody is focused on these negotiation. They talked through the night recessing at 6 00 in the morning. They should be Getting Started any with the new idea on the table. The big fight is over how much of the package is going to be in grants and how much in loans and have conditions attached. The frugal for countries led by luxembourg and austria and the danes have said they do not want most of this t
Coronavirus economic crisis millions of sudanese are in the. Extra business spain is one of the European Countries hit hardest by the corona virus as the pandemic eased last month it lifted a strict nationwide lockdown but dozens of new covered 1000. 00 claims to have authorities scrambling in confining some areas of the political and legal wrangling the Regional Government of catalonia says it could completely quarantine the city of peta and its surroundings is our reporter young philip schultz. This rule of dil has become spains new corbet 1000 hot spot thousands of people have contracted the virus here and they gave our region many of them harvest workers go google came to spain from senegal more than 10 years ago since then he has worked on these orchards every summer but he has never seen a season like this book a book. First i was afraid there was a lot of fear but our boss quickly introduced rules among other things everyone must wear gloves and masks we just have to follow them
As much as 10 some optimism that lawmakers are making progress on the next virus relief package we got news republican senators are pushing for 25 billion in additional aid for the airlines. Nasdaq record high, gold record high, oil at a fivemonth high, 59 minutes left to trade, wilfred. Were up 0. 6 on s p 500. Ahead on todays show cbs giving up despite strong earnings and guidance, well speak with Ceo Larry Merlo about the results. Plus shares of twillio up 50 but taking a dip on earnings today. Well take a look at work from home winner. Roku, etsy and zynga analysis as soon as they cross first big stories were watching today, mike santoli tracking action, david faber new reporting on microsoft tiktok and berty on a multibillion dollar tech tale mike, first with you. Objects in motion tend to stay in motion to this rally grinding higher as a lot of the macro forces are pretty familiar right now. Another leg lower in the u. S. Dollar, real Interest Rates are further into negative terr
Cyclical recovery here. I guess thats something for the day. Based on the Technical Levels like the 200 day moving average, there are bullish signals out of the small and midcap space. Caroline what is the number one risk on your mind . Please ask that again . Caroline what is your number one risk . U. S. China . Deteriorating earnings . Coronavirus and a lack of a vexing . Vaccine . There are always risks that keep you up at night. Longerterm, ive never seen the monetary stimulation i have seen in the last six months were money growth is rowing at 80 annualized. I think ive been wrong that inflation has not surfaced but i do believe it will so longerterm i worry about inflation because it erodes the real return of the tone of stocks. I worry that post qqq earnings season as they move into the number that we have democratic sweep and what it does to the Corporate Tax rate, that is a risk as well. Caroline great to get your expertise. Breaking news. Microsoft out with earnings. The clou
Value and cyclicals are doing better than tech tech just in the red energy and financials at the top of the pile. Stephanie, are we getting a rotation, the start of something that might last a bit longer than it has done ever before well, you know my position. I own a bit of growth and value. Im hoping value has its day in the sun. What you need for value to work is better growth and also a higher expectation for inflation. While we are Getting Better growth sequentially. Youre not getting anything close to inflation look at the ppi numbers today. I think this is why a barbell strategy makes sense people will still want secular growers that can participate many some very powerful themes you want to be price selective but you want to have exposure there but exposure to the cyclicals if you believe the growth is going to improve and that will lead to inflation. My supply is up 25 year over year thats a big number. That will come home to roost, i think. One last point, i would say on valu