His big tech hitting two big is big tech getting too big . Shery we are seeing u. S. Futures slightly higher, up. 1 , this after we saw stocks falling in the selloff in tech intensifying in the u. S. With the fomc leaving the markets and a Little Information lot of questions about the state of the economy and the recovery. We are seeing japanese futures holdings that he at the moment. At this of course as we head for the boj decision. Really not much change expected right there. Stimuluscy to step up receiving. We have a new cabinet in japan as well with the new Prime Minister su,gaga. Right now, under a little bit of it has reached the 105 level. Key restocks gaining. 25 . We have Second Quarter gdp numbers coming in sightly better than expected, but still, the worst contraction since the great depression, down 12. 2 quarter on quarter, haiti. Haidi haidi. Haidi the Federal Reserve pInterest Rates near zero. Interest rates near zero. Ever evolving to medications strategy it unveiled l
Focusing whats going on in washington, d. C. , we are after all coast to coast, were going to hear from the president meeting with the National Association of Police Organization, group that is endorsing him for reelection this go around, were also following a number of developments in florida with the hurricane moving in on the florida coast, Governor Desantis says this is going to be an issue for the state well into next week, we are monitoring those developments as it approaches the category two storm and were monitoring as well what is happening in silicon valley, big tech getting bigger, not only in stocks but any time to rain these guys in, google is a big exception to the runup, its stock not doing as well even the revenue is strong and the fact of the matter is, there was a notion that it is not enjoying the ride that the others are. Again, if you look at that the rich and wealth for not only themselves and their own investors, they have been the really only big game in town so
Were monitoring very closely for you, what is an acceptable surge . They usually like to say three to 5 increase over existing cases and a three to 5 increase of positive cases from what were positive cases before. It is not a hard and fast rule. But were watching that very, very closely because were told right now senate cdc is going to start giving specifics to that. I have not seen that before coming to air to join you right now. That is really going to be the big one to follow today, because if that shows to be beyond that range, some of the states that had planned roll outs will delay those rollouts. Whether that applies to florida is anyones guess. Right now the cases there have been noteworthy in terms of the spike but so far on the part of the governor there no plans to change the continuing rollout of these sheltering and various phases that will essentially get the entire ocean state open by the end of next month. All right. Lets get the latest. Excuse me, from edward lawrenc
On every 19th. On february 19. Take a look at the banking sector, take a look at the mining sector, take a look at what is happening with the oil sector. These sectors are down by circa 30 since those highs were hit. Brent crude bouncing back today, up by nearly 8 , after saudi makes it very clear they intend to pump a lot of oil during the month of april. This Oil Price War is not going to go away in a hurry. The german 10 year yield, we are selling off today. We are 10 basis points higher. In italy, 12 basis points lower. The spread tightening up a little bit, but nevertheless, italy has been on offer for the last couple of days. Maybe some fiscal action helping the story out a little bit. Nevertheless, we have a big call between eu leaders. We will have to wait and see. Vonnie we will get all of that later today, but for todays market action, what we are looking at right now, we are joined by nancy davis, Quadratic Capital Management cio. Also joining us, our market live editor this
The dow at record highs at janet yellen gave something for investors to get dwit xooited about saying the future of rate hikes will be a gradual process. The s p jumping, nasdaq ride tog a fourday winning streak with real estate and tech stocks, so did janet yellen just give the green light to investors what do you do now the green light has been there for a while. Did she just reenforce the headlight . Why is can fading away i think she reenforced the green light thats been there for a while. The xlf has held a level that needed it in 23. Industrials continue to crush names like honeywell and boeing and quietly, the ivb continues to go higher as well, so there are sectors that have worked and will continue to work. The idea that rates dont have to rise considerably to get back to neutral seems to put a cappen how far rates can go to the yup yup side think about the fed and the trillion dollar Balance Sheet which has people at some point puts pressure on today was a shigtly positive do