Boris johnson and his house secretary. Spains deputy Prime Minister yesterday. Huge number of cases in the u. S. 22 states now under stayathome orders as 50 of the u. S. Population is meant to be abiding those orders. Down to 73 basis points on the 10 year yield. Crude back down again. 21 point 49. Canadian dollar weaker by about 7 10 of 1 after the bank of canada reduced its Interest Rate to 25 basis points. The Prime Minister selfisolating over here, the Health Secretary selfisolating. We are all selfisolating. The brown story in the market is done and dusted. We go into a weekend where traders do not want to take risk. Terrible numbers overnight out of spain. U. K. Numbers continue to climb. Numbers around the world of those infected and the fatalities continue to rise. That story is now taking over from that meal a we focused on so much over the last couple of days. European stocks at session lows, approaching that 300 mark with a bid back in the bond market. 50 in the german tenye
In singapore those numbers dropped 6 to said to further down in more ways than one australia lost a whopping 7 percent now that this goes on and it only continues downhill why are asian exchanges down so when when were hearing that the chinese are returning to work and the new cases of infection not subsiding. Thats an excellent question ben but it really still is very much attached or linked to the corona virus and theres even talk that the. Recession globally that we can cheer about the positive numbers that are coming out of china and you know that the fact is they still have some 80000 people still inspected to give the all clear whats even more worrying now more than whats happening in china are the numbers that are steady and fast rising spreading rapidly across other countries outside of china now government 2 banks are you know clearly not very prepared even with the stimulus measures that are being rolled out its the 1st time nobody expects a virus to hit the markets and sure
S p 500 ended in the red check out these moves from citi, bank of america, wells fargo and jpmorgan all in the green. Few days ago rates were plunging birds and cats were living together now look have the banks turned a big corner i dont know about dogs and cats living together if you had to be a cat or a dog i think of myself as a dog. Its not a good question to answer on tv lets go to the markets i think what happened everything got ahead of itself. You go back to tuesday i think before memorial day we power pitched southeast banks. Citi, you know what boring market, slow week, into a holiday, market will rally tl tee gott ahead of itself. When citi discount at that discount tangible book its been a buy. Thats whats happening. I dont think again the landscape has gotten better for the markets. The trading landscape in the short term has does citi have more room yeah well undershot to 61. The head wind that they face still exist today. There are some rays of sunshine based on what the
If its twisted im good to go. Liz good to see you. Thank you so much. Breaking news on this monday we could be 59 minutes away from finally finding out if cbs news, mtv and paramount plus maybe are a step closer to a new owner, paramount that controls the entertainment names and so much more reports earnings after the bell and months of speculation it appears there is a rush to make some kind of announcement involving sale to the spy dance. Three to half those are still well off annual highs when you look at it at 12. 33. The annual high 24, will common shareholders be left holding the bag or is a better deal the works . Charlie gasparino is working the phones. He will come up in just a few minutes. After a riproaring week with s p and nasdaq enjoyed the best performance this entire year we have stocks back at the green on this monday, Dow Jones Industrial 79 points, the s p gaining about three lets say the nasdaq will come ten points to the upside, the russell 2000 up 11 points. To th
Blogger undeniably some bad apples, this is not a case about bad people doing bad things. The majority of folks and nospace are trying to do the right thing every day. Enough of the problem is good people operating within a structurally flawed system. A market that sees personal financial interest of the advisor in the firm all too frequently missed the links in the best interest of the country. The result is what we saw happen. Our goal is straightforward to align the best interest of the customer what does that the advisor in the firm. The proposed rule in the product of a significant amount of average to stakeholders. I appreciate support from so many in the industry. People are trying moynihan, ceo of bank of america is bank of america is it doing what is in the best interest for customers is absolutely the right thing to do. Founder of vanguard very strong supporter will hear from the witness sure they have played in this space every day as a fiduciary work in the small investors