Coronavirus cases continue to surge. Latin america sees infections climb. Beijing cancels hundreds of flights amid a new outbreak. Welcome to daybreak europe. We are not seeing any clear catalyst for the markets as we get going today. Overnight, we have seen a mixed picture in asia. Unchangedndex is overall. There are still the second wave concerns in the market. Yesterday, we saw some light volumes in the u. S. And ended unchanged. Not getting a lot of direction in futures. Euro stocks futures treading water. We are heading for a weekly gain for Global Equities. Resuming gains for this week is what we are looking at. The 10year treasury yield is unchanged on a 70handle. Both the dollar and the yen are headed for weekly gains. That says something about the risk off tilt we might be heading for. Oil in the green today and also looking to resume weekly gains. Aat is after some signs of comeback in demand. We got some commentary on that this week. We have some breaking Corporate News to g
Recovery fund today. France and germany push for an agreement by next month. Its cio. Suspended coo. The stock plummets 67 after a false delay to the report. Good morning, everybody. We are just under one hour away from the start of the cash equity trading day. The final day of this week. It is friday. Thats have a look at the futures and what they tell us right now. We dont see a great deal of movement in any of these markets. European futures suggest a little bit of movement to the upside. U. S. Futures suggesting some movement in an upward direction,. 5 . They do seem to be improving as we go through the last hour or so of the trading session in asia. If we put up the gmm, you can see we are up we are up by. 2 on the msci asiapacific. Making some modest gains. It does seem the risk rally has come to some kind of a pause. Fatigue. Maybe that was the best way to sum up what was going on. Said, it does seem as if Global Equities are oncall to make some global gains, at least for the we
Aid package in congress. The House Financial Services meeting is just over two hours. The i plan to continue the hearing if votes are called. Both of you have agreed to be here for two hours from the start of the hearing, and i thank you. The chair is authorized to declare recess of the committee anytime. The members and arresting those witnesses to the First Full Committee Hearing conducted by the committee on financial services. As the congress breaks new ground with these hearings, i want to remind members of the two matters including some required by the regulations accompanying the House Resolution 965 which established the framework for remote and hybrid committee proceedings. First i would ask all members to keep themselves muted when they are not being recognized. Members on the platform owner responsible for meeting and amusing themselves. The staff has been instructed not to mute members. Members on the platform are reminded they may attend one hearing at a times if they were
Senator schumer and we are joined by senator schumer who has been a real champion on making sure we get help to americas Small Businesses. Im going to acknowledge the work of senator coons who i expect will be on the floor a little later, one of our key cosponsors on the next round of aid is senator rosen. I want to acknowledge the cosponsors of the unanimous consent request legislation, including myself and senator schumer, senator shaheen, senator coons, senator rosen, and senator collins. I also want to acknowledge that this is bipartisan. I have talked to senator rubio. He has informed me that this has cleared the hotline. So we are hopeful that well get this u. C. Done today. But as were waiting for the paperwork to get to us, let me just explain what the u. C. Does before i make the u. C. Request. The authority of the Small Business administration to approve any more Paycheck Protection Program loans expires at midnight tonight. That was the deadline we established when we passed
Economic aid package in congress. The House Financial Services hearing is just over two hours. The committee will come to order. First, i want to thank the chair mnuchin anatole for your patience as we wrap up our vote. The i plan to continue the hearing of the book are called. Both of you have agreed to be here for two hours, and i think you. So, without objection, the chair is authorized to declare recess at any time and i want to welcome all of the members and arresting those witnesses to the First Full Committee Hearing conducted by the committee on financial services. As the congress breaks new ground with these hearings, i want to remind members of the two matters including some required by the regulations accompanying the House Resolution 965 which established the framework for remote and hybrid committee proceedings. First i would ask all members to keep themselves muted when they are not being recognized. Members on the platform owner responsible for meeting and amusing themse