And the news for china, sense that the president is cking supplies for huawei [indiscernible] on slot for china. We have the index above 100, and the 10 year yield at 62 basis points. The market except in all of this dire data we are getting this morning. s get to that data now [no audio] michael why that is, unless people just sort of got used to what was happening, and the fact that they have been locked down and couldnt go shopping or Something Like that. That is the only thing i can think of, and maybe the idea that as the weather gets warmer, they are seeing they are feeling a little bit better. I have no good answers for that. For theay, the numbers sentiment are really high, but they didnt do what they said. They didnt go shopping the way they said they would because retail sales were down 16. 4 on the month. That is a new record drop for the month of april. Of course vonnie vonnie vonnie and of course, the data earlier on included retail sales , but that was only temporary as w
That plays how throughout the afternoon, but it is certainly cassidy a pallor certainly casting a pallor over these markets. The stoxx 600 down more than 3 . All of the major indices, from the docks to the ftse 100 to the 3 . 40 down more than group just one stock 3i group just one of the stocks bucking the trend, up more than 5 . Prudential, the insurer, down 8 . It says it will be a difficult Second Quarter. We will speak with another insurer headquartered out of london little later on, the lloyds of london Ceo John Neal about difficulties for ensuring markets in this environment. That is all to come in the next two hours. Lets get back now to the u. S. Initial jobless claims coming in at 2. 9 8 million last week, topping initial estimates. That brings the total now to 36. 5 million since the coronavirus pandemic began shutting down businesses midmarch. Lets get to our guest, who also has a focus on latin america. We are speaking with catherine rivera, bulltick with kathryn ofney ver
Billions of items shipped, tens of millions of amazon devices sold, so the echo. , for example the echo dot, for example. And busters Holiday Season for amazon. Chad morganlander, Washington Crossing advisors portfolio manager, joins us. How would you characterize 2019 for u. S. Equities . Chad for u. S. Equities, we think it was just a gangbusters year. The reason behind it, though, was not vibrant economic or Global Growth, but rather it was Interest Rates across the curve across the globe that went down, and accommodation from monetary the u. S. And the ecb. Yes, someone like 90 Interest Rate moves. Does that mean we are looking at not as many next year . Chad there has to be a transition period. Capital spending starts to kick higher in the United States and across the globe. Without that, we dont anticipate the expectations for for 2020arnings of 10 and Revenue Growth of 5 to 6 to come to fruition. We think that will have to be. Brought down. Overall, in the short run, we think ma
It is down a quarter of a percent today. 25 today. If you look at the stoxx, you get a better picture of what is going on macro lies. Trying is threatening to retaliate on u. S. Measures on the hong kong in the house, which might proceed to the senate. That is some semiconductors lower, down. 4 in the lira has a volatile day. Turkey is trying to put in place some comfort blankets, if you like, to the u. S. Sanctions in place, not allowing people to short seven banks and so on. It is a continuing situation as the secretary of state and Vice President traveled to turkey today. Guy turkish stock market down by 1. 72 and the banks remain in focus. European markets equity, volume is extensional. 1. 28. Through 128 vonnie lets get straight to brussels. We have maria who has been keeping an eye on events and it is a case of c he said she said. We have reports that the dot agreed to something and then they came out and denied the reports. Give us the picture as it stands right now at this mome
Kellie pickler, down 4. 5 caterpillar, down 4. 5 . Boeing, that is total of more than 8. 3 billion and analysts are looking whether that number will rise in coming quarters. Facebook with their fine down 1. 5 . Lets look at where the pound is trading. A lot of Economic Data and political news out of london and germany today. Pound is trading higher. We have a 4 10 of 1 gain. The euro is trading lower. Incredible weakness out of germany in terms of manufacturing pmi, confirming what is not a temporary downturn but something very different. How will the ecb react tomorrow . Touch anding down a we await to see the chancellor will be later on which may give us a clue as to who is the next governor of the bank of england. Vonnie Robert Mueller testifying before the House Judiciary Committee over his investigation and russian interference in the 2016 president ial election which estimate going on for 90 minutes. Kevin cirilli is live on capitol hill. A couple of fireworks, how is Robert Muel