February 20th. Fbn a. M. Starts right now. Viva las vegas. Viva las vegas. Viva las vegas. Cherylhaslas vegas. Cheryl wel good morning. Im cheryl casone. Ashley good morning, im ashley webster, in for lauren simonetti. Lets take a look at how your money is moving this morning. U. S. Futures pointing to just a mild lost at the open, the dow off 32 points, the s p and nasdaq down less than 10 . Cheryl oil and gold activity, gold futures hitting the highest close since march 2013, oil is up by 30cents. Oil on the rise after the Trump Administration lack listed the arm of black listed an r arm of a russian oil giant. Ashley in asia, a mixed bag. The nikkei finishing higher, shanghai up nearly 2 . Cheryl in europe were taking a look at the markets this morning, the ftse in london up by more than 10 , cac in the red. The 2020 democrats, folks, they pulled no punches with Michael Bloomberg in his debate debut with Elizabeth Warren attacking him for making former employees sign nondisclosure a
If you have those big game big names in the green. Joe netflix, the ultimate stock for people staying in their homes, probably netflix. Romaine lets dive deeper into the action. Taylor riggs, what are you watching . Theor i am looking at chipmakers. The nasdaq is higher but the stocks is lower in part because of the impact they could have on the chip suppliers. So much of the discussion has been about the stocks the stoxx being overvalued. Oxx p ecan see, the st ratio still trading at 19. 5 times. As much as we talk about the pullback and the fears about apple, it is important to keep in perspective how full some of these valuations are as we head into some of the uncertainty with the coronavirus. I am looking at the traditional inverse correlation between gold and the dollar. As you look at this chart, typically, they tend to move in opposite directions. Now, safe haven is driving assets higher on those coronaviruss. Gold, trading over 1600 per ounce. That comes even as the dollar str
Who want to do yours today how for their future. D. W. Dot com africa make a suit against the king to give him some clues to. Invest as a left shaken not once again as the true impact of the coronavirus becomes increasingly clear one of the worlds most valuable companies outpolled warns profits will fall short of forecasts thanks to the outbreak. And this is getting longer Cayman Islands is the latest territory to be officially designated a tax haven by the new. Threats it bites into the news budget promise food with brussels not 10 leads them stopped of subsidies. This is due to be a business on robots in berlin welcome along. Were seeing the shops and the close fact trace but the Financial Impact of the coronavirus is only now becoming clear firms are starting to count up the costs of the disruption to their supply chains by problems in china apple is among the 1st to say that the thing is not looking good. Shopping malls and Stores Closed across the country city streets empty as mil
Bowls under debartolos leadership. The president is also set to commute the sentence of wrongful cleavage, who was sent to prison for corruption. Blue boy of it, a democrat, was convicted for his alleged efforts to auction off the u. S. Senate seat left vacant when barack obama won the presidency. Is slappings sanctions on a unit of Russian Oil Giant Rosneft for helping venezuela skirt embargoes on its oil. Senior Administration Officials warned anyone in the world doing business with rosneft could also be sanctioned. It is part of the campaign to push venezuelan president Nicolas Maduro to step down the worst locust outbreak in parts of east africa in 70 years has reached south sudan. The outbreak is threatening to decimate crops and a country where about half of the population is already facing hunger. The locusts have traveled in swarms the size of major cities. Officials say the number of insects could grow up to 500 times by june when dry weather begins. Global news 24 hours a day
The fed utilizes imputes Health Care Costs which is really going through the roof for the average working family it imputes Health Care Costs using medicare and medicaid reimbursement rates so it artificially depresses this number to 1. 00 that youre reading about d in the minutes but if you look at the core c. P. I. The core Consumer Price index which strips out food and energy it has been running at or above 2 percent which is the feds target for 23 straight months now so i think that there needs to be some soul searching at the fed because the average American Family is not going to tell you that inflation is running too low so how would they be able to actually combat this. Well they say that they want to get inflation up to a certain range and that is code that is fed speak for saying we want to keep Monetary Policy easier for as long as it takes to get up to that 2 percent bogey and where. How investors rightly read that message is that theyre going to continue growing the Balanc