Coming up. Pay day for elon musk days after he stated his opinion. Tuesday may 5, you are watching Worldwide Exchange. Good morning, good afternoon, good evening and welcome i am Brian Sullivan. Thank you for joining us on this tuesday, may 5 down one, up the next. Maybe down the next. The market weve been living in looks to continue today as well. When we came in or started since many of us are still at home, futures are posting a solid gain of about 350point jump at the open as you know, it is a very volatile market at this hour big moves tend to happen quickly. Dow futures are still up only about 40 points. No real reason for wild swings more u. S. States continue to try to reopen their economies in the days and weeks ahead new york state is the latest to say its lockdown measures could begin to lift as early as may 15, albeit in certain parts of the state. Not new york city most likely and with very heavy restrictions getting back to business some what and trying to help crude oil
In the u. K. , Prime Minister Boris Johnson defends his handling of the crisis. Phillips is set to produce 15,000 ventilators per week to ease shortages. This phillips number coming through. In terms of what we are looking at, 4. 2 billion euros. Estimate 4. 16. A little bit off a beat. Phillips said it wont provide 2020. Pecific guidance one of the questions, whether they would suspend that guidance for the rest of the year. They could not really quantify the impact or duration. Manus they had gone for a comparable target this year of 46 . They are aiming for cfg. Rise in 2020. In First Quarter comparable sales, what they are doing in terms of the respirator business, then there is the rest of the world to think about. Comparable sales are up nearly 23 . Billion,arly 44 significantly below the estimate of 289. At 6 30, he will join us for that conversation. Lets set the agenda. It is about oil, about the banner headline, crippled by 20 at the nearly open. If you want to understand dem
That statement. Iranian leaders, they have made statements. They have largely avoided the bellicose language we have seen in the past. Overnight, leader ali khamenei says it was a slap in the face to america. They say they do not seek escalation or war. Obvious question this morning, was the attack deliberately proportionate, a oneoff that makes a point but doesnt risk a devastating american response . Can the iranians risk taking action that results in allout war . Their economy is collapsing. They are out of cash. What will the president say this morning and how will he say it . Escalation . A threatening tone . We will find out soon. Now look at this. Yet again, the market is largely shrugging off an attack in the middle east, in the middle of the oil patch, no less. When the news broke, futures showed a near 400point drop but look at it now. Down maybe 20 for the dow and all of that loss accounted for by just two dow stocks which we will mention momentarily. The s p is going to go
Jeep of staff, saying the Vice President know you had a conversation about investigating based the bidens upon potential investigations. This comes at a time where he is at the Political Center of the storm. Republicans still stepping by the president. Democrats continuing to press ahead with this. As of now, according to my reporting, this testimony has not done anything to move this impeachment inquiry out of the political sphere into a risk of the president being removed from office. David as a lawyer, you parse the language, ambassador sondland said i did not think the president wanted a completed investigation, he just wanted the announcement of the investigation. By the way, i did not know he withheld the aid from this, i just thought he might have. Kevin i will leave the legal speech to you, but heres what i can say. I spoke with one source this morning who said this testimony onay is putting pause President Trump, it is completely damming to rudy giuliani. How he has negotiated
Has come out to say that it will try to encourage more investment to boost growth. Encouragement for investors at this point. Turn the pages, taking a look at where the currencies are. The pound is in focus. After whate support inspired overnight. Crude at 54. 19. Never mind that the public is looking pretty dim. Gold is getting support. Perhaps it will get to 1600. Athaad lets have a look what is likely to happen in india. Steep losses could add to the losses we have seen in the last few days. We are looking at a decline. When things get underway in about 43 minutes from now. The 10 year yields, not seeing that Much Movement were looking at the shadow banking crisis. Looking at the 10year yields. 6. 52 . Hittinge, at one stage 72. That is the weakest level we have had all year for the indian currency. We have come off those lows and we are trading. Lets find out what is happening trade wise. President trumps warning china that trade talks will take a new tone after the 2020 president