Markets following some strong Economic News were seeing a lot of green arrows across the board but lets start in russia where the mo x is up for the week the ruble had struggled in recent weeks as oil prices fluctuated but following the constitutional reform this week the countrys currency strengthened against the dollar its looking ahead now russias alfa bank warned that the u. S. Could play sanctions on russia if the report regarding bounties on u. S. Soldiers is confirmed now lets move over to asian markets where the shanghai composite is up on the week its hitting new 52. 00 week highs the composite gained 2 percent on friday alone after positive data showed increased prospects of economic recovery after the pandemic in hong kong the hang seng also up this week with 3 percent gains on thursday this is after promising news regarding a possible vaccine friday saw gains due to positive Economic Data and even a better than expected jobs report out of the us now some of the biggest winn
Delivered. Bonds are performing a bit better now, a tightening of the spread, 2004150 is where we are trading right now. In the u. S. We are seeing gains in spite of the initial jobless claims figure that put shivers down your spine. Stocks are just going the other direction. The s p 500, up 1. 4 . The nasdaq, running away with things once again today. All but three sectors in the s p are higher. You can see that there is definitely a risk. Belowoil is still well 18 per barrel. Gold is continuing to is the dollar, although it is off the highs of the session. The dollar, miss versus the other currencies and the euro right now, whether is not much change but you have currencies like the Canadian Dollar that are stronger today on the bounceback in oil. Guy . Lets get some more insight into what is happening with these markets. As we indicated, European Union leaders are holding that conference about delivering massive economic stimulus measures. The need for a positive outcome from the me
Quarter. The Second Quarter is probably going to be weak. In fact, in the view of many, output declining output lower in the Second Quarter than in the First Quarter. After that, its very hard to say how big the effects will be or how long they will last thats going to depend, of course, on how widely the virus spreads, which is something that is highly uncertain and i would say in fact unknowable jim, so its just you and me today. Lets start broad. Get your thoughts on the last 72 hours. What are you thinking right now . I think that the one thing i was very worried about in the 2007 and the 2009 issue, could i take out 50,000 from Jpmorgan Bank because i was concerned. And i took it out. I took money out of a lot of Different Bank accounts. This time im not. What was the purpose of last night . Theres a lot of things. The purpose of last night was to make sure you didnt take money out of the bank because you didnt trust the system. You dont have to bury it. That was important now the
130. 49. Mark carney may be pointing to a greater risk than the market had anticipated of cuts coming through the bank of england. Oil trading lower, brent down by. 8 . Vonnie we begin with our first guest, byron wien. It is his yearly visit to bloomberg tv and we are very happy to have him. Obviously, you are known for your list. We will get to some of those, but lets begin with china because one of the things that you said last year was that if we get a deal in the first quarter, and that is only happening in the fourth quarter, and it is only a phase one deal. We know that is getting science next week signed next week. What happens . On i think we will have trouble getting a phase 2 deal. To stealy promise not intellectual property. I think a broader deal is unlikely this year, but we will have the phase 1 deal. Remember, it is a transactional deal. Pork,l them soybeans and and we agree, they buy that and we agree not to raise the tariffs that were scheduled for december 15. That is
If she becomes president and will be welcome. Definitely is stock to watch all the major indices. Democrats win the senate you tomorrow as well as we said, netflix is lower microsofts Conference Call set have to be paying attention to to kick off next hour. What shes proposing in the back to john fortt with a look Communication Services bottom, campaign right now. Clearly, there is a bank at what to expect. John, what do you make of what Oil Continues to slide down 3 aspect of that, as you said, we heard from the quarter so with the reinstation of glass far . Yes, the call in just over 30 minutes, and this is going to today, 8 for the week as a be somewhat of a victory lap for whole. Financials top the sector stiegle. Whats your take on that performers microsoft. Revenue, you recall, came in news this hour, as airline do you think thats a calculated nearly a billion dollars above point from her, to think well, executives get ready to meet expectation, strong eps and with the president