Implications for Monetary Policy but the implications for fiscal policy. Moree longer we wait, the institutional damage. Michael collins joining us. I think that was the first question everyone asked when this job support dropped, what do these numbers mean for the talks in d. C. . Michael i dont think these numbers have any impact. They are backward looking to a large extent. The survey period ended weeks ago. The is important is trajectory of job growth over the next couple quarters. Personally, it will be really sluggish. We have had a big rebound, a and part of that rebound is over, and it will be really tough. You have the expiration of some of these programs like ppp, unemployment benefits, and that is going to weigh on income and spending. Until theyy not act have a gun to their head. Are doing well, ostensibly, the markets are improving, they are dragging their feet. Negativewill take more data for them to act in unison. Jonathan in this market, it is not pushing anyone around.
The month of kicking off with a rally. Another record high, 29th record close of the year. The dow industrials up 236 points at the close yesterday. Tracking isaias. Downgraded as Tropical Storm after making landfall in North Carolina. We will take a look at the storms path this morning. President trump boosting health care in rural areas. The President Trump expanding Telehealth Services as the coronavirus spreads beyond big cities. Health and human secretary alex azar will join me live at 7 30 a. M. Eastern. 25 years ago i made debut on the floor of the New York Stock Exchange. Today a look back at key moments from my time reporting there and the honor of marking the anniversary by ringing the opening bell. Mornings with maria is live right now. Maria Global Markets are mixed. Ftse 100 up 1 and a half points. Dax index is lower by 42 points. Uk federal government looking to boost economy by invests 1. 7 billion in building projects. In asia overnight. Green across the board. Take a l
Start of trading but nasdaq another record high uncharted territory there. But nasdaq now at 11,046 up 95 points and dow industrials up 164 and s p up 22. This on top of the rally in tech stocks helping to push nasdaq to yet another record close. Thes dow s p 500 also finishing the green, monday. Yesterday, as you can see the nasdaq up sharply two and a half percent on the sessions. The s p 500 is now positive for the year. Unrest in america violence is surging this morning across the country. President trump is warning that he will send federal agents to more cities to bring back law and order. At 8 30 a. M. Eastern Border Control commissioner mark morgan is here with more on rising crime and role federal agents can play to bring safety and security back to American Cities. And the china keeps up on pressure keeps up on china mike pompeo meeting with Boris Johnson today trying to get the u. K. To take a firmer stance on china. Meeting coming week after london banned Huawei Technology
A stimulus plan to offset the pandemic and another big week for earnings. Results from sap as europes largest tech companys speak year ceo speaks with us and ryanairs cfo. Speaking of ryanair, weve got numbers coming through from the airline. Tax, quarter loss after 185. 1 Million Euros. The estimated loss was 276. 9. That is a smaller firstquarter loss after tax than was expected. What we are hearing from ryanair in terms of commentary is the biggest fear is the virus second wave and fears are already swirling around that in terms of the news over the weekend with u. K. Imposing quarantine from spain. We will no doubt get comments from my ryanair. Losses are mounting. Basically, First Quarter customers, zero point 5 million versus 41. 9 million, the estimate was 96 , theor, 61 versus estimate was 57. 8 but the main number to look at is the first and basically ryanair said it will continue losing money through the summer. It is concerned a second wave could push back to recovery into n
U. S. . Moving on to some currencies, dollar weakness is still a trend at play. We are seeing that play out for the offshore cnh strengthening at around seven. In terms of the yen, 106 is the crucial level for that. Higher option volatility. In terms of hong kong, we are focused on the newtek tech index as part of the conversation. Aussie dollar currently up. 3 . Dollar weakness very much part of the play there. Lets look at what is happening with gold. It has been on a tear, and we are getting close if not touching now record highs. Gold futures above those record 1944, close to 1 gfain gain in terms of futures. I believe the record was around 1923. Looks like we are about 1 or so away from that record price. Its 1923 or 1921. Anyway, we are edging close to that record price. Weakness. Lar silver gaining close to 2 . The 10 year in the u. S. Yield is a little below 0. 6 . Rish. Rishaad were going to bring in banny lam. Welcome to the program. We just outlined, at least tom did, outlin