This is boom box the one business show you cant afford to miss more in washington coming up there with. The hard way that is not a luxury item. As some nations have begun to reopen their economies a surge in cope and 19 cases has followed we take a spin around the globe and see which hotspots are seeing a coronavirus comeback plus we analyze how markets have reacted in the wake of the outbreak but could there be a darker horizon ahead and later the u. S. Is no stranger to surging gun sales but how much of the pain demick driven the sector we have so much to get to so lets dive right in. There. And we lead the program with renewed concerns about a 2nd wave of corona virus infections as the World Health Organization reported a Record Number of new cases sunday. Yesterday more than 183000 new cases of quoted were reported to w 2 is really the most you know a single day so far. More than 8800000 cases 7 now been reported to joe and more than 465000 people have lost their lives some countri
Renewed concerns about a 2nd wave of corona virus infections as the World Health Organization reported a Record Number of new cases sunday. Yesterday more than 180. 00 times in new cases of quote good would be pulled to 2 w 2. Easily the most you know a single day so far. More than 8800000 cases 7 now been reported to joe and more than 465000 people have lost their lives some countries are continuing to see about getting increasing cases and as some countries that have successfully selfless transmission are now seeing an absolutely. Open theres websites and economies. There as we just heard this marks the largest daily increase since the start of the outbreak according to the w. H. O. Brazil had the highest increase in new cases followed by the United States and india the w. H. O. Director general also spoke about the need to maintain measures to limit the spread of the virus while the world attempts to resume some sort of normalcy we continue to urge all countries to double down on th
And the u. S. Outweigh recent stimulus gains. It share in hong kong. Lift after the exchange relaxes rules around chinese companies. Shery lets get started with a quick check of the markets this is as stocks have fluctuated with gains. Lower we havedow losses led by energy and to wait a, continuing rise in coronavirus. Markets were also under pressure after reports of President Trump and chinas xi jinping for reelection helped, according to National Security advisor john bolton. We did have the nasdaq composite gaining. 2 . Three quarters is trading above the 200 Day Moving Average so we continued to see strength for those big tech companies. We are seeing wti trading below 30 a barrel and we have seen pressure in the new york session after reporting crude stockpiles reached another. Lets show how things are shaping up for asian market. Asian stocks are set for a mixed session with a lot of groups at the open. Qe stocks opened lower. Gains, due in 45 minutes time. A contraction is expe
Guy is introducing his wynndicator we start off with another record close by the nasdaq led by big tech, apple, microsoft, amazon, facebook all hitting record highs today. The five Biggest Companies in the s p 500 account for nearly a quarter of the indexs total market capitalization. How long can the leadership of these names last if you look at the nasdaq 100 has outperformed the s p by 28 year to date but by 13 since those march 18th low amazon and maybe facebook were somewhat defensive here for real reasons related to the core business but some of the others have been defensive because of the size of the business and these are companies that you know are going to be tomorrow. Thats really the story. It is important that pmis around the world over the last 24 hours were quite good. You actually had a major recovery across europe i think people are starting to see data points that matter. All that really matters is the fed reserve. Based on 2022, you can start to get a normalized pro
Amazon apple and microsoft with a run clipped midday when the fed chair said he wasnt thinking about thinking about raising rates. Does zero forever, what does that mean for this rally at this point . Well, it means, you know, everybody said it so much splitting the at tom here. Weve very much gone the route of japan i think its absolute madness. I have no idea why he count hld have just said we remain data dependent and thats it. Ill say this, that to me seems to be the same autopilot today statement that he said back in october of 2018 on the other side that he got frikaseed for i think the fed and Central Banks globally are the main reason we are seeing this huge chasm between the have and have n nots when i heard that, i automatically thought, and maybe this is just my nature, that things must be really bad if hes saying that hes not thinking about thinking about raising rates, that were that far off from even contemplating that move. Well, yeah, it was a little mo more downbeat th