From theto the concern economic hit caused by the pandemic. We have job losses here with a more modest hit in this part of the world. Else is going on out there and quickly looking at the dollar index is. We do have the dollar steady at the moment. We had the surge in the dollar seeing a little bit of a spike taking place. Being seen as a haven currency. The yen, 104. 49. New york crude, what we have here is a plunge taking place overnight. Nearly 5 . They recovered a little bit from that. 8 10 of 1 . 67 a barrel for wti. Gold the steady, but not really acting as a safe haven. We have breaking news, the dow jones reporting that it may close to buying nc, according to people and what would be the second Big Semiconductor tie up this week as the industry rapidly consolidates this deal. It could be worth 10 billion. Thats according to the dow jones. Dow jones reporting marvell could be close to buying inphi later this week. Lets get our first word headlines. Not european leaders are impos
The s p 500 below its 100 Day Moving Average, suggesting it could follow that the german dax below the 200 Day Moving Average. There is a bright spot. That is the fact we have bonds basically come at this point they are slightly lower. We have a haven bid. The dollar at the highs. The dollar had been appointed percent. 8 since june. Bonds have been higher, the best week since august. This week is shaping up risk off. Aix the public was david couple of questions. What is going on with volume and volatility . Abigail i am so glad youre asking about volume. I was looking at the apap function on the bloomberg terminal and we are above the average volume. Sellers mean business. Upfor volatility, the vix is , the nasdaq 100 fix up above 40 the nasdaq 100 vix headed toward 45, heading for its biggest spike since july. The selling pressure is serious. Because we have signs of weakness in europe along with the s p 500 being below its moving average, the near and medium term buyers are holding o
And as andrew was talking about, with mr. Lansdale, big tech will testify. The ceos of facebook, alphabet and twitter will face questions from a Senate Committee this morning. We, of course, will bring that to you carl guys, a lot of jitters, jim, this morning, as to what macron may say later on tonight, european time. Your point on social media has been this premarket weakness is not about the earnings themselves. Right look we would be in a stay in place order if we adopt what merkel is talking about. We have never been on the same page as merkel when trump came in she is more rigorous about hygiene and about masks and social distancing than our country is our country is not the way of germany. I would say you see chicago close, all the dining places, and restaurants and start thinking about travel, leisure, hospitality, it then bleeds into boeing we have this morning and i think it is impossible to think about boeing without thinking about once you get there, where can you go . I th
T dot com or you tube channel right now stay with us. As or this is the kind of report. Thats right weve answered global depression longer recession forget the recession. Or. The pression this will last a few years ago so you know its going to stay well endings are always always always new beginnings so its an opportunity to come up with new Companies New monetary systems new economic ideas and new populations and ways of interacting with each other so one of the headlines i want to turn to here is from africa and this guy runs a big Clean Company in africa and he says 80 percent of my big question customers do not hold any crypto they buy bitcoin to make payments that is the state of crypto and africa not speculative so obviously theyve jumped ahead from big question as a store of value and theyre using it as a global trade unit of account in particular he pointed out that almost all cars at least where he lives in africa come from overseas like japan and theres a huge used car market
Microsoft overnight. That is being digested as well by u. S. Investors. You have the currency offshore at seven, currently. It is weakened by about 2 10 of 1 . The aussie dollar is looking like that, said he six. The euro is flat. The bloomberg dollar index is weakening, down a 10th of 1 . Lets move it down. The stock was suspended on july the 13th after they failed to get a renewal for their license. Currently trading at 10. It is down 30 . It just reopened after a 10 day suspension of trading. The company saying it is in talks with its creditors over longterm debt. It will continue businesses that dont require that franchise. Noncoret nunc activity. Rishaad china vowing to retaliate for the u. S. Closing its consulate in houston. Protectd it is to information. President trump indicated more such moves might happen. President trump as far as closing additional embassies, it is possible. We thought there was a fire in the one that we did close. Everyone said there is a fire, there is a