The market did give back gains we had seen earlier in the session. Part of what we had been seeing with wti prices. Oil prices up. Wti potentially having seen the worst. Talking about disney in a minute they are reopening disney shanghai on may 11 wti up 3. 5 . 23. 40 it has been a long time since weve seen these levels, andrew. It is joe, or becky. We may have to get tacos for joe at the end of the month. Dont worry about me, andrew. Thats like 6 for 12 tacos. What we have to worry about is the hypo allergenic malte opinion poo or whatever. I told you id be happier to see stocks higher so i could buy my own dog i thought, wait a second. Doughnuts for andrew taco bell. Then she slips in the hypo aller againic labradoodle. Shes smart. Andrew, where are we at we could be at 3,600 or 1,100 by the end of may who knows the reason i said that. Over time, i would have never bought stocks on may 1, which makes me think i should have well see. By the end of may, well it may be obvious to buy on
Welcome to squawk alley. Im Carl Quintanilla with Morgan Brennan and jon fortt at post 9 of the New York Stock Exchange giving back about half of yesterdays relief rally as breadth remains poor and the volatility continues and we are going to begin this morning with todays market selloff stocks remain volatile, the dow falling sharply after yesterdays gains, and thats the coronavirus concerns that continue to ramp up. Organizers around the world canceling conferences an trade shows over the outbreak. Ibm joining Companies Like facebook and google in canceling their own events yesterday evening whul others like apple and netflix have pulled out of conferences that are for now still moving forward like south by southwest were joined by Jeff Richards of ggb capital and j. J. Kinehan of td ameritrade. Good morning good morning, jon j. J. , first, what do you make of this volatility, the Market Reaction especially given weve been through months and months of trade concerns that didnt lead t
And it is breakfast or bust. The latest fast food chain to cave on the i need my bacon in the morning phase. If you want breakfast, you are going to get it at that chain. Welcome from wherever in the world you may be watching. I am brian sullivan. It is the event everyone will be watching today this is by invitation only apple set to make a major unveil what exactly does tim cook and company have up their sleeves today. Lets see how the rest of your morning markets are shaping up it is not looking that way now dow futures are off. Apple is a big part of that story. The bond market has been ticking higher that continues with 10year note yield at 1. 63 yield. That gap continues to grow around the world, japans nikkei rose shanghai, their market fell a touch. Producer prices in china fell in august by their biggest month over month drop in three years in europe, the macrotrade there is lower they are all down. A lot of red not a big drop in europe lets talk about the macromarkets includin
Its where well be signing books. We were lucky enough, to have the journalist and author and cohost of the podcast. And he will be doing a brief q a with our author before eric will do a reading and then well open it up for questions. So about our author he was the director and researcher at the National Intelligence of science and path algae for the u. S. Intelligence community. Before joining nfa he is executive Vice President of disney imaginary. A phd neuroscientist. In an inventor with over seven patents and pending patents. His book includes brain, safari and tonights book is all substation. If everyone could give a round of apostle commack. Hi. Again thank you for coming. Thank you for showing up, we want to think diane for organizing this event along with kim peart who is here in spirit if not a person into the bookstore in los angeles. Ericas had an unbelievable literally and metaphorically career and for we get into this true story of spy craft which is an amazing book which
A new currency based on gold as this would be more stable than the current currency trading which is manipulative he said the precious metal could be used to evaluate import and export activities among east Asian Countries quote we can make settlements using that new currency using gold that currency must relate to the local currency as the Exchange Rate and that is something that can be related to the performance of that country that way we know how much we owe and how much we have to pay in the special currency of east asia hes saying like this is for the trade region of east asia he wants a gold backed unit of account for trade so that we know for real what were getting and whos cheating and whos not cheating so any way you can tell if youre making any money exporting and importing is if you have a yardstick or a benchmark. To apply your economics and you are so it has always been gold we went into a period of monetization. Abolition dollars ation after world war 2 for the us convin