And astrazeneca is said to have made a preliminary approach to gilead. A merger between the two would be the biggest deal ever in the sector. It has just gone see it 6 00 a. M. In london. Nejra, welcome back. You went away and you unleashed the burn. I know you are excited. Curvee never far from a steepener. Bondthis momentum in the market be a repricing or is there a risk from jay powell to the bond market . A few bonds at 1 . The older you get, the more enticing 1 looks. Good morning. Bears were really on a tear. Curve is the steepest in more than three years. It is good to be back. Last week was a memorable week. Was it really a turning point for risk assets . That is the question. How high will the hurdles be this week . The ecb went above and beyond last week. Can we expect much from the fed this week . Futures are positive in the u. S. European futures are looking a little negative. Eighth day ofits declines. A lot of that has to do with the euro strength. We have pulled back fro
A series of tax breaks sanctions and really just unprincipled market behavior to try to support American Energy companies and its all blown up in their face in a pandemic has made it even worse and i dont think theres any really any real road back i mean this is some of the most worse was poorly thought out policies i can imagine and people and average working people are going to pay for it go ahead learn. It well i agree with that assessment because. This has been very much all shared all of the u. S. Media for quite some time and indeed it has been very spectacular that its going to stay to its taken from a huge Energy Importer to become a big exporter and theyre going to trump celebrated america again this Energy Independence which high priority however this was achieved on many things was not just the shale take knowledge of us also. Also able to a large extent to replace the energy or oil coming out of iran and venezuela by sanctioning them and replacing it furthermore since the r
That we saw over the last few years but now were seeing the almost everything bail out and this is the way when you find out whether the person where no shorts at the poker table or when the tide went out one magical had that in a metaphor if i ever heard one i think people will understand you will understand i i combine 2 of Warren Buffetts famous sayings but they imus says half the world has asked for a bailout remember 100 percent of the world cant get a bailout half of it has to pay for half of that have to be the suckers at the poker table so half the world as now asked for a bailout the i. M. F. Is saying that 100 countries have asked for some form of bailout from them about 10 percent has been given out to 10 countries anyway and they expect half the other countries to get some within the next few weeks the i. M. F. Is ready to use its full tool box and one trillion dollar fire power of lending you know i have a question for you so going back to 2008 and remember the i. M. F. Ca
The charts are thrown haywire by the fact to close negative yesterday. Trading about 5 today june is at 12. July below 21. All sunk considerably just this week lets get more on the interplay of oil, stocks and the earnings. Gets get 0 ever to bob pisani for that this hour hi, bob. Well, you know, that collapse in oil is weighing on things but not quite as much as you might think. It is a little bit more of a general risk off day in terms of coronavirus. Lets show you what the sectors are doing right now. Sitting near the lows for the day essentially. S p 500 down between 70, 80 points throughout the day here senior citiz sectors, technology and financial stocks that are down, thats going to drag Everything Else down. Industrials not doing so well. Energy is down but not muches the rest of the over sectors and thats interesting to see there. Momentum stocks, stocks done well recently, theyre kind of weak today and advance micro has done great recently. Microsoft is getting killed today.
That we saw over the last few years but now were seeing the almost everything bail out and this is the way when you find out whether the person where no shorts at the poker table or when the tide went out one man who had that in a metaphor if i ever heard one i think people understand you will understand i i combine 2 of Warren Buffetts famous sayings but they imus says half the world has asked for a bailout remember 100 percent of the world cant get a bailout half of it has to pay for half of that have to be the suckers at the poker table so half the world has now asked for a bailout the i. M. F. Is saying that 100 countries have asked for some form of bailout from them about 10 percent has been given out to 10 countries anyway and they expect half the other countries to get some within the next few weeks the i. M. F. Is ready to use its full tool box and one trillion dollar fire power of lending you know i have a question for you so going back to 2008 and remember the i. M. F. Came i