Like it is getting down through thursday lows. We are seeing pressure. I love covering the markets. Europe is a snooze fest from an equity market point of view. There is nothing happening. Light volumes. Market trapped in a tight rein from an equity point of view curate we are going nowhere in a hurry. The Energy Sector is reasonably well bid but not spectacularly. The euro is back towards the middle of its risk range. Brent catching a bigger bed. We have the opec note coming out later this week. Reports worth paying attention to. Overnight, we do not see much out of china. You are seeing a little bit in terms of the nasdaq. Alix yes. That is a good point. He saw mike wilsons note at morgan stanley. He came out in the note last week talking about it was a pull forward of demand for tech where sustained acceleration. If there is a pull forward, how much earnings estimates increase can you see in 2021 . You also wonder moving into cyclicals, may be moving into cyclicals and out of the gr
Really germane this morning. I love how the french call it a move to the confinement confinement. In america, yesterday afternoon, there was a real understanding of confinement at the white house. Dr. Fauci worrying about origin, and also the Vice President of the United States worried as well. That was sobering on mothers day. Francine it certainly was. Lets get straight to first word news in new york city with ritika gupta. Take a coPresident Trump ritika President Trump has a tough job this week, trying to convince americans it is safe to go back to work and socialize. At the same time, he is fighting a coronavirus scare that closed his own office. On friday, Vice President mike pences press secretary was diagnosed with the virus. Neel kashkari says americans should brace for more bad news on unemployment, and he says congress should provide more help. News emmaalled abc saying fiscal efforts will need to be put in place. And the plan for lifting the countrys lockdown. Expected to r
All right. David i dont consider myself a journalist. And nobody else would consider myself a journalist. I began to take on the life of being an interviewer, even though i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . Were here today with dr. Anthony, also tony, fauci, who is the director of the allergy and Infectious Disease institute of the National Institute for health, which he has led since 1984, 35 years. Thats a pretty long time to be leading the institute at nih. Is that a record . Dr. Fauci it is, indeed. It is. David you havent gotten tired of doing this for 35 years . Dr. Fauci no, because things keep changing. We get new Infectious Diseases, new outbreaks, new challenges. So its almost like a different job every year or two. David i am always worried about getting a flu. So if i want to avoid catching the flu, should i take a flu shot . Dr. Fauci yes. Influenza vaccination clearly protects you. It isnt
President trump says social distancing will hold until at least april 30. Lives in claims italy and spain over the weekend. Warnings against loosening lockdowns. To Matt Bloomberg daybreak europe. Best week since 1938, 8 dead cat bounce or the start of something bigger . A great piece looking forward thats as while it is difficult to call, there are two potential mistakes. A premature exposure to risk assets or being overly cautious. At the moment, he would err on the side of being overly cautious. Is whether youte have seen the beginning of the next wave of lockdown come close down extension of the distancing in the u. S. , the talk of potentially 200,000 deaths. Advises institutions to dip their towing to the equity market. Time to buyg it is credit. Jpmorgans note saying the wildcard is the infection rate, but they are confident the stability is coming into these markets and you may want some of the risk assets like equities and bonds, so the calls are mounting. It did poorly depend
The trend of bad mondays but contracts for major indexes shaking off losses to gain more than 1 . 2 on the euro stoxx 50. Global cases of the coronavirus than 3000,000, more died in spain and italy over the weekend as medical experts say deaths in the u. S. Could reach 200,000. The Oil Price Slump continues with wti briefly dropping below 20 a barrel in new york. Brent prices are at a 17 year low. Just under one hour away from the start of cash trading across europe, you saw briefly, futures here in europe are more than 1 . Euro stoxx 50 futures up. They are trading out 1. 5 percent to 1. 75 . Futures also showing gains. Friday was a down day in u. S. Indexes so you could see today start off risk on. What do you see on the gmm . Anna interesting to see those futures looking strong. When you look at the gmm, you get a different picture. This is the Asian Session and how it looks right now. Msci asiad. 4 on the pacific. The australian and south korean markets in positive territory but th