The bigger question is will they continue to buy the dip knowing all of the information they know. The volatility, the uncertainty around the election, the stimulus, plus the fact that some of the august move up first stocks had so much to do with options. Some encouraging signs relative to the idea that the virus will stick around. The vix is down, suggesting investors are less worried. We have bonds down on the day. From across asset class standpoint it is risk on. A littlettle david bit of risk on. What are the bread comes the markets may be leaving behind. The dollar is not moving much. Is there any indication what comes next . Abigail if we were to take a look at volatility indicators, that is what stood out over last couple of weeks, some of it having to do with options activity that pushed stocks higher. That is where you want to look. The nasdaq 100 vix are both down today. There are signs volatility could move higher. Another tell is an index not looked at by many market watch
Johns hopkins universitys big moments ago we have now hit 3 million in the u. S. That is reflected in the sector composition. We see it is technology outperforming, up 1 . It is those more cyclical growth sensitive sectors, industrials, energy, materials, a very hard in todays session. David which takes us back to the coronavirus, which makes sense. Gold has been climbing. Where is the dollar . Kailey the dollar is weaker. We are getting mixed messages from each of the asset classes. A weaker dollar indicates more risk appetite, more confidence about growth. Youre not seeing that reflected in gold. Gold is at its highest since 2000 10 since 2010. Clearly there is appetite on the part of investors to hedge some kind of rest if the markets are moving higher. At the same time, the fixed is relatively modest. The vix is relatively modest. Kailey we are right around 29. It is all relative when we talk about volatility. We are not where we were in march, but we are still elevated relative to
Leader Chuck Schumer asked Mitch Mcconnell for there to be additional witnesses called in a senate trial. John bolton, mick mulvaney. Mitch mcconnell has just responded and said that is not going to happen. Democrats not going to like that response. Meanwhile, we are also getting new words from nancy pelosi about who will lead the prosecution process from the house of representatives in the senate trial. Once the houseboats to impeach president trump, there will be a handful of impeachment officials from the house who will make their case in the senate. That willlosi said not come until the next day or so. All indications are pointing toward House Committee chairman adam schiff and House Committee tworman jerry nadler, familiar faces with this process. Kevin thanks so much to kevin cirilli. Now we turn to edward evans in london. We heard Prime Minister johnson once a brexit no matter what year. Edward so much so he has changed the law so that the transition period of that will apply af
Into place. What about the december 15 ones . Our colleagues have reported that is a Sticking Point for china. They have had a stay of execution on october, but they want the december tariffs on the remaining 150 billion worth of chinese goods moved. So far that has not happened. When we headed to the summit in chile, that will be a part of the problem. David President Trump said he wanted to sign something with president xi by that point. Do we know who is doing the talking . The vice premier is involved in the talk. That sounds like more than drafting. We have had that report out of beijing with a high level of involvement. I guess it will be all of the above. Clearly we need more detail. The clock is ticking ahead of the summit. Theres a lot riding on whether they can agree on a truce. Guy a rare treat, hear from conch on. Treat asian economics correspondent. Now we go to emma chandra in london. We thought they were in the final stages of a deal on brexit, now we heard from Michel B
Opened. It looked like we were headed for 1 plus drop. Lets get the details on what happened overnight. Time now for Global Exchange to bring you todays market moving news from around the world. Joining us on the phone from france is bloombergs maria tadeo. From hong kong, we have enda curran. Here in new york, bloombergs michael mckee. We start in france with the g7 summit wrapping up. We just heard from President Trump and indian Prime Minister narendra modi. The highlights from this morning, and what happened over the last 72 hours . Maria the conversation here was mostly about trade. European officials were concerned that perhaps donald trump would go off stripped would go off script and could signal a recession in the trade war. Goodid he had a very meeting with angela merkel. Remember, the relationship between the two of them has been rocky at times. He also said hes looking forward to working with the european union. The other big surprise was that very short trip from irans for