Which prevent michiganders crossing the street to visit family members. No relaxation of the social distancing rules from President Trump. Hes considering extending the keep your distance regulations into the early summer. Then theres this. Antibody tests that show far more people have been through covid19, three million in new york state, 20 of new york citys residents have had it. That means the fatality rate, the number of people who died from the virus, comes way, way down. Interesting. Quickly to the markets. Not Much Movement at the open today. Orders for durable goods in march down 14 , yeah, thats bad but it was expected. The dow is going to be up 193. I call that little movement. How the times change. We will be back to 23,500, big gain modest gain for the dow, nice gain for the s p and for the nasdaq as well. Look at oil, staying at low levels. We are looking at 17 a barrel. In the absence of demand, we are still not driving very much, we are running out of places to store al
Which most ceos sounded positive in some aspect of the business. Is where we are on the s p 500. Some Tech Companies leading that higher. We had alphabet coming out, very positive for the markets today. Some conflicting headlines on gilead right now, though i will say, different tests for different things. Some tests prove some things, other tests fail. That doesnt mean it wont be a tool in the fight against covid19. Thats for sure. The 10 year yield at 59 basis points. We saw a little bit of buying after the gdp data. We were obviously expecting a terrible number. Crude is trading a bit higher, but at 15. 46, nothing to write home about. A slightly comber vix today. A slightly comber vix today. Guy guy the Banking Sector one of the bestperforming here in europe today as we continue with the European Bank reporting season. Deutsche, standard chartered, butlays all trading higher, still bracing for the full impact of the virus pandemic. Heres what some of the executives at some of those
Jerome powell talks of heartbreaking harm from the coronavirus and says the pandemic has brought the u. S. To an abrupt halt. We are seeing optimism with asian stocks really prized to follow the leader when it comes to gains on wall street overnight. The s p 500 gaining 2. 5 percent, touching a sevenweek high as we have the dual optimism over expected track to a vaccine with the socalled operation work speed from the Trump Administration. More encouraging news about efficacy on a Gilead Sciences therapeutic as well. We are taking a look at gains resuming in new zealand. Japanese futures pointed up after yesterdays public holiday. U. S. Futures also showing an extension of those public gains. On seeing futures looking positive as well. Korea closed today and hong kong markets closed for the birthday holiday. Taking a look at oil because we are seeing a second day of gains for wti up, the 22 plus gain in the overnight session. We are seeing opening up here higher by over 6 in asia. This
This on top of slight gains yesterday at 4 00 oclock. Markets were up. As you see dow industrials up 33 points and nasdaq up 139. Getting america working once again. President trump announcing plans to reopen the economy in phases. The president went through it yesterday. The Small Business aid program has run dry on capitol hill. The battle is waging on how much money, how much to add to funds to help business and American Workers now. Coronavirus is taking a toll on the chinese economy. It has contracted 6. 8 in the First Quarter. First ever quarterly contraction and wuhans death toll revised up 50 adding fuel to questions of beijings actual reporting on the virus. Secretary of state mike pompeo live at 8 30 a. M. Eastern on the possible origins of the virus as more people focus on the lab in wuhan, something that ive been putting the spotlight for months. What actions can be taken to china for lack of transparency. Mornings with maria begins now. Positive news on gilead. You saw the
Plane. A missile hitting it from the outside looking increasingly unlikely. And u. K. Has suspended all flights to and from the sinai, saying the russian jet may well have been brought down by an explosive device. Here is what britains transitory secretary transportation secretary had to say. We can confirm that the plane may well have been brought down as a result of an explosive device. As a precautionary measure, we decided that flights due to leave Sharm El Sheikh this evening for the u. K. Will be delayed. That will allow us time to ensure the right security measures are in place for flights. Melissa canada has a new Prime Minister. Justin trudeau was sworn in today as the countrys 23rd p. M. , almost 60 years after his father had taken on the same job. The 43yearold won a landslide victory. A new political direction for candida under the liberals, under its relatively youthful Prime Minister, justin trudeau, who won on a promise of change. When the plan isnt working, the real ris