Global one day record over the weekend. Expects a deeper contraction in the u. S. As the infection rate stateside rises to 2 , but equities prove immune to the bad news with chinese stocks leading gains. Wall street is playing catchup after fridays Independence Day holiday. Vacuum. The power Commerce Bank looks to fill its top jobs as soon as possible in a bid to end shareholder revolt led by activists investor cerberus. Germangetting right now factory orders up 10. 4 percent. Sounds like a big number, but of course, its from a low base and it misses the survey by a lot. The surveyed factory order, the expectations for factory orders soth over month were 15. 4 we only got 10 point 4 . Much better than the prior month s 26 drop and it looks like german factory orders and a lot of things may be in this coming quarter may have a similar feel as Goldman Sachs cuts its expectations for u. S. Gdp growth in the Third Quarter. Here, you see european futures, big gains. Your stock futures up 2.
Futures searching for direction. Take a look, gain in the dow but decline on s p after wild day yesterday. Dow erasing all of its early gains of more than 900 points to end the day negative yesterday at 4 00 oclock on wall street, the dow industrials coming down from a gain of 900 to end down 26, the nasdaq down 25 and s p 4 points. Treasury secretary mnuchin seeking 250 quadrillion. If the money did run out the white house would go back to congress and ask for more. Meanwhile in china the country ending the lockdown of wuhan, people allow today leave the city where outbreak began. Mornings with maria is live right now. Global markets this morning red across the board in europe. Take a look at european indices, cac quarante 75. Still no unified response in europe to coronavirus pandemic from European Union leaders following 16 hours of discussions, talks set to resume tomorrow. Boris johnson remains in intensive care as he battles coronavirus. Overnight in asia and markets in china, so
Logistics partners ups and fedex. Tech out how big Cap Companies apple and facebook fared in 2019 and how each is set up for the new year. A look at tech in the markets most notably semiconductors, taking a look at the stock index, we see that chipmakers a bottomed out nearly a year ago and have been on a rally since then. Chipmaker micron adding to that they reported firstquarter earnings this week. Have a strong outlook between four and a half and 4. 8 million in revenue. Shortly after the Company Reported i got insight from the whorities and analyst joined me on the phone. They are seeing tightness in certain areas. Also they are calling the bottom for memory in general. They think this Current Quarter will be the bottom of the cycle. That fits with the tightness. It fits with the fact that they it also very much parallels the guidance they gave for flat gross margins, which again suggests that pricing is normalizing finally. Does this have any implications for an expansion of capac
[inaudible conversations] okay. Here we are. Thank you. Good morning, everyone. My loud enough . Good morning, everyone. It is such a pleasure as to welcome you all on behalf of the brookings institution, Cornell Law School and band of law school, erin, dan and i are truly thrilled, incredibly delighted and deeply honored that you join us today in person as well as online to talk about the u. S. Financial and Payment System. Given that it is a friday of a Holiday Weekend and you guys are here to talk about the Payment System on a dreary d. C. Day, i think its safe to assume that you are here for a completely unabashedly full on nerd experience for the day. And so that is exactly what were here to give you. Because the u. S. Payment system deeply, desperately needs it. It needs your ideas. It needs or technologies. It needs your policies. Needs your passion to get it ready and equipped for the digital century that we know is already here. We know i think in this room that the u. S. Paym
App featuring your unfiltered view of whats happening in washington live and ondemand. Keep up with todays biggest events with live streams of floor proceedings and hearings from the u. S. Congress, white house events, the courts, campaigns and more from the world of politics all at your fingertips. You can also stay current with the latest episodes of washington journal and by scheduling information for cspans tv networks and cspan radio plus a variety of compelling podcast here cspan now is available at the apple store and google play. Download it for free today. Cspan now, youre your t to washington anytime anywhere. , it up next to a discussion on the current state of the american Payment System and inclusion of nonbank digital Payment Systems your topics include the change from cash to Digital Payment services and the regulation of Money Service businesses. [inaudible conversations] [inaudible conversations] okay. Here we are. Thank you. Good morning, everyone. My loud enough . Go