And the estimated number of deaths we will get ism today. Adp is out several european banks are spending dividends jim, how much of this mornings action does reflect the grim picture that the white house set forth yesterday . Its difficult to imagine how, lets say, optimistic people were versus what the president said last night. I think many people in the stock market understood that the numbers were completely understated. You did leave the office saying, wow, that could be just terrible because they didnt caveat it as much as you might have thought they didnt say, all right, but were doing great in this state, this state, this state they said look, this is the reality. I think the reality rolls back some of the 19. 9 gain we had last week in the s p then whats going to roll back the rest is if we have credit problems ill defer to david. David knows behind the scene what day it is today today is the day youre supposed to pay your rent david, a lot of people wont make those payments,
Out from under it. It is time now for global exchange. We are going to bring you todays market moving news from all around the world. Our bloomberg voices are on the ground with this mornings top stories. We are going to focus heavily on the markets. We begin in the u. S. , where the 10 year yield fell more than 1 this year. Here was more is annmarie hordern. Annmarie we are seeing a massive flight to safety. I can show you some of these numbers. Gold trading just under 1700 an ounce. This is the asset to own and this kind of market. Then you have the swiss franc. Deutsche bank said in the recent note we could see parity. We havent seen that since the s p lifted the cap the snb lifted the cap. B 30 year yield went through 1. 5 . Right now, 1. 39 . Three standard deviations. Thats how much we moved to the downside. We have not seen this since 2011. People on wall street say this might be a recession. Alix thank you very much. All of that leading to massive volatility within the equity m
The latest on the story is going to our t. V. Dot com stay with us now though for the big picture this is our. This week show you have had to happen there is now a coronavirus scam going around and thats happening while the wise guys have come up with a new way to steal your income tax a return stay tuned for a scam alert but 1st what if the embattled president trump. The dog is pentagon brass prepared to say no sir and why is the u. S. A suicide rate especially among young people im holland cook in washington this is the big picture on r. T. America. What in the world is going on at home and abroad the questions outnumber the answers is the usa prepared for what happens next lets ask our tea contributor and longtime pentagon oficial Michael Maloof welcome thank you following is acquittal the president wasted no time in the 1st victim of his revenge call was a decorated colonel Alexander Vin men who was frog walked out of his National Security post in the white house after his damning
The dow has been up seven sessions in a row. S p is up six out of the last seven sessions you are talking the highest closes since late july overnight in asia, the sang high deposit was closed for a public holiday. The hang seng up almost 1 in europe, it looks like now most of those markets are in the green, one exception is the ftse down by about. 1 . If you check out treasury yields in the united states, another big story is what happens to the yields some of that movement started after treasury secretary told us that Treasury Department is looking seriously at the idea of a 50year bond for some time next year. Right now, the 30 year is yielding 2. 28 i saw him later in washington and he started talking about 100year bond for the next consideration. Did you prepare for seeing him by watching the interview we conducted . I did thats why i decided to take the 50 and up theante and ask him about 100. To beat the record, he would have to serve 13 years see, i knew it were you talking abo
President trump thank you very much. Hoping the hurricane may be makes a right and goes up north but that is about a 5 chance. It is one of the biggest hurricanes we have seen in a long time. It could be very devastating. I just spoke to rick scott. We have a lot of people we are speaking to. I spoke to marco rubio. Doinga and florida are really well, they are working hard. Florida seems to be the main target at this moment. I think a lot of good things are happening. Tremendous work is going on. Guests are coming in from louisiana and all over. We dont know about evacuation. Locally, we will see where it is coming in. We just dont know exactly where it will be coming and how far it is coming. I am going to camp david. We have a lot of experts with us. E have a lot of fema people a sunday at 12 30 we have meeting at fema headquarters. That will be about the time that we will know where everything is going. A lot of decisions will be made. A little bit less than a day before it hits. We