Significance, that infection rates fall after lockdown orders are lifted. Repeat, thats jpmorgan saying that. Big deal. All right. Now listen to this. Scuffles between probeijing and prodemocracy hong kong legislators. Why are hethey doing that . Thats the wrong tape. Show me the legislators scuffling, please. China just moved to take control. Those freedoms promised to hong kong when the british left are being wiped out. U. S. china relations turning very sour. Initially, that didnt go down well on the market. Futures turned south but then substantially recovered. Right now, were up about 20 points for the dow, modest gain for the s p, tiny, actually, fractional loss for the subpo p. This is a very important day. You will see the president at the white house saluting veterans. You will hear from officials and businesses across the nation about the great opening up. And we will tell you what you are allowed to do this weekend, and where you are allowed to do it. Varney company is about
We are also watching currency, the dollar has been the big story this week. The euro as well as its counterpart. We are taking a pause from the rally after the ecb, but if we see a gain today, that would take that streak for the longest in 16 years of nine days straight. So far it is flat. Flirting withlar . 70 for the first time this year. The dollar weakening across the board with the exception of the yen. Dollaryen, and offshore hovering. We are watching the bond markets as well. The mliv question is, the yields we are seeing, will they disrupt the equity rally . The u. S. 10 year after the u. S. Jobless numbers that fell again, treasuries ing the worst brent slipping after they did extend cuts after a breakthrough with iraq. Tom the European Central bank did put its money where its mouth is, announcing a bigger than expected increase in emergency bond buying, responding to what it calls the unprecedented contraction in the euro area economy. Kathleen hays has the story. What is dri
Walking in lockstep as the ecb ramps up with Pandemic Purchase Program and germany injects big money into its economy. Asian stocks and futures throw caution to the wind, setting up for a positive end to the week here in europe. The euro holds flat on its longest run since 2004. Lufthansa is set to be kicked out of the dax after a 32 years day. It will be replaced by deutsches on the 22nd of june. Just under one hour away from the start of cash equity trading in europe. Lets take a look at how futures are trading. If we do have gains today, it is going to be four out of five. Euro stoxx 50s up one point 1. 2 5 . Ftse futures gaining 1 this morning. Take a look at what is going on in terms of u. S. Trade. We see on the s p, the dow, and the nasdaq, all gains. Just about 1 for dow jones futures. The leader among the three benchmarks. What do you see on the gmm . Anna let me just tell you what is coming through in terms of breaking news this hour. Just while you are talking, we have a hea
Market. Thats the way it seems. Secondly, the europeans have announced a massive stimulus plan, close to a trillion bucks. Its really a bailout mainly for desperate italy and spain. Printing the money over there helps us over here. When that bell stops ringing and we start trading, the dow is going to be up, what, about 300 points. The s p will be up about 26 but the nasdaq on the down side. Tech taking a bit of a hit this morning. Who would have thought we would see this. For a second day running, the Airline Stocks are going straight up. Just look at that. In percentage terms, its a huge gain all across the board. Its the same story with the cruise lines. Straight up. This is all about the strength of the recovery in the most beatendown stock market sectors. Now, this may be having some effect on our market. Its the chaos which has returned to hong kong, asias financial hub. Police fired tear gas and pepper pellets at the demonstrators. They dont like beijing seizing control. The que
Scientists make a breakthrough discovery that could save dying coral reefs all right its time to boost your news i q. Very usual sighting off the coast of california in fact its so rare that we here at r. T. America wanted to get a birds eye view of the unexpected arrivals along the coastline youre looking at here exclusive drone footage of dozens of massive oil tankers sitting idle along the Pacific Coast with nowhere to go because these oil tankers have a gird due to the Global Demand for fuel collapsing all due to less driving and less flying as millions of americans are being forced to stay home during this coronavirus pandemic argy correspondent natasha sweet is a long beach with a story. With people flying in drive the last of the oil industry is taking a hit and as you can see there are dozens of oil tankers up the coast here in Southern California but these line of rigs it was far north as San Francisco with simply no place on. In this exclusive video youre looking at 20000000