Now were well off those worst levels as tyler and kelly were discussing financials and industrials are in the green tech though does continue to lag even though it is bouncing back. Sara, were well off the lows but in the red just about. And in the red for the week which breaks the five week win streak plus, turning the page well speak with Mark Thompson whose tenure comes to a close as of tuesday that stock climbed more than 400 under his leadership. And the ceo of Hawaiian Airlines will join us after his company scrapped change fees and hawaii struggles with increasing covid19 cases mike santoli tracking the selloff and the come back in the market josh lipton has details on a volatile day for apple and joining us to break down the moves in technology, dan niles from april hl one capital. Start us off here on the Broader Market and what you think is important. Yeah. Sara, a pretty good little day and a half rinse that we got from the highs on wednesday. Look at the s p 500 in the shap
Bayer is learns that in the process of selling the roundup lawsuit, up to 85,000 suits could be resolved. We are just under one hour away from the start of your cash trading day in europe. A much ameliorated session in terms of liquidity. European stocks futures little bit higher by. 8 . The narrative is clear. It is the easing of the locked down from australia to japan. Japan is expected to lift the state of emergency. That along with the north of italy having almost zero infection rate, the lowest since early march, really changes the narrative. What is the pathway to reopening europe . The dax is up. A oneoff emergency fund. The narrative has changed. Stop futures are higher around europe. To the german data. Let me bring it to you. The gdp for germany quarter on quarter, this is the final reading, by the way, collapses by 2. 2 in the quarter on quarter. The year on year down 2. 3 . What is interesting in regards to germany, there is the dax over 1 , bloomberg expects the economy to
Weve seen for the dow in a row, the first time thats happened since february this is all happening despite crude oil prices the treasury shows you the tenyear is yielding 0. 627 . There are crude oil prices, generally when weve seen pressure on crude oil, thats put pressure on equities as well thats not the case this morning. Wti is indicated down by over 15 . Thats a decline of 2. 66 to 14. 28 a barrel. Brent crude down by just 3. 3 . Its now trading at 20. 73 andrew meantime, an update on the pandemic and the numbers we bring you every morning about where we stand heres where we do stand global cases now are at 2. 9 million. In perspective, cases in the United States are at 965,000, closing in on 1 million. 288,000 of those cases are from new york state with another 109,000 of them in the neighboring new jersey yesterday new York Governor Andrew Cuomo outlined the states plans to reopen the economy in phases beginning on may 15th now, the first phase involves construction and manufac
279 points looking at the treadsrys the 10year is at 0. 77 . That is nuts especially when you start to look at where we were a handful of months when people were talking about a 3 as rates go down cheaper this is such a panic move. Is it forecasting a Global Movement the problem is that everyone was worried that stocks were overvalued the problem is there is no way of gauging what the effects are. Everyone at this desk could have started throwing stocks at the wall people are going for safety and quality. These are panic moves im not sure it is unwarranted people will sell off first and panic later. Theyll say im looking out for a year or two or three thats probably what well reassure now can stocks bounce off the previous lows of 12 i think the market has to recalibrate to digest the lower yield and the market sitting across the table, stocks dont often bottom on a friday but the fact that everyone thought they werent going to bottom is the chance that they werent going to bottom. Bef
The very best in the future and delighted in the knowledge that well be seeing him stauchoften. Having established and shown us how its done, on and offscreen, youre an example to us all, particularly the younger members of the onair talent like myself and courtney bill, thank you. You know, when the stakes and nerves are high, hes a mentor thats taught so much to so many of us, both directly and indirectly while his career cant be topped, bill also taught me to look at life as a threelegged fool, work, family and friends, and faith. Hopefully, weapon fi find a newc here with his new position as anchor at large. You know what he would be doing, he would be telling you that we have 59 minutes of trade, and in record close watch. Here is whats driving the action this afternoon. Stocks hitting record highs once again with the s p 500 poised for its straight fourth week of gains. Boeing weighing on the dow of troubles raise new red flags for investors. And Consumer Staples leading the char