This as china reported no deaths for the first time and it is the lockdown in wuhan. We are standing by for the daily briefing. President trump today had harsh words for the world health organization. As u. K. Prime minister Boris Johnson remains in stable condition in the icu at a british hospital. , want to bring in james camp managing director of Strategic Income that eagle asset management. You have been watching the ups and downs. I am curious if you think that investors will be going up and down as the daily death toll is going up and down, and if that is really the indicator of how things are going . James there is a lack of clarity in what the endgame the. We watch cross asset volatility. A lot of the Asset Classes spiked in mid arch. When you see some better news, you, that elevated historic high elevated. Normal every time we get a fit and start from the headlines, that number just moves around. To me, the risk numbers have yet to be investable because we dont know the ultima
It slightly lower and above seven again. Guy italian btps firmly in focus. A big selloff in italian bonds. The british pound also under pressure. When do we go through 1. 20 . Vonnie lets take a look at the week that was through the numbers. The numbers that have moved the markets most this week is seven. Chinas daily currency fixing became a closely watched event. Monday triggered the biggest loss in the yuan since 2015, and a tumultuous week in markets as well. The episode leading to the u. S. Labeling china a currency manipulator, the latest escalation in the trade war that sent investors rushing once more toward haven assets. 15 trillion is the world stockpile of negative yielding bonds. , gold futurese hit a sixyear high wednesday. The precious metal has been one of the chief beneficiaries in the trade dispute between washington and beijing. To unpack all of the reaction, we are joined from st. Petersburg, florida by james , with about 10 billion under management. James, what was
Yesterday thanks to walmart and the good numbers we saw there. S p futures are indicated up by 28 points. The nasdaq up by 96 points again we are on the worst week for the stock market since may well see what happens today with the gains, or if they can hold on to them through the opening and the close later on today. The treasury market was different story. A lot of concern about whats happening with yields. The 30year fell below 2 for the first time in history. This morning its yielding 2. 026 the tenyear fell to the left level in three years this morning that yield is slightly higher, 1. 564 . Tenyear twoyear no longer inverted overnight in asia, we saw some green arrows some gains there the nikkei up barely the hang seng was up a percent the shanghai was up by a third of a percent in europe, londons ftse ohm ed higher after a nearly twohour delay because of a Technical Glitch elsewhere in europe, you can see the green arrows are there across the board the smallest advancer is the f
Concern about the economy and manufacturing and housing. The dow and s p hit alltime highs this week and the dow industrials cracking the 27000 mark for the first time and staying there. Joining me now is mike murphy. Happy to be here. The first of the week we had a little said in ecb, give me your take away from the week. I think people are really helping that the fed will be accommodated. But the backdrop or is the market right now can support higher level without the fed. But if the fed comes in and gives us a rate cut on top of the economy that we have. You can call it was to the stock market and some people would say. It will give us new highs in the market. If we hit a rate cut in the market reacts negatively because maybe it looks like the Federal Reserve know something with that we dont. Were out of 50 when youre low on a payment per wave growth of 3. 1 certainly in the first corner. Here we are on the doorstep of the Second Quarter earnings. Not expected to be great, expected
Concern about the economy and manufacturing and housing. The dow and s p hit alltime highs this week and the dow industrials cracking the 27000 mark for the first time and staying there. Joining me now is mike murphy. Happy to be here. The first of the week we had a little said in ecb, give me your take away from the week. I think people are really helping that the fed will be accommodated. But the backdrop or is the market right now can support higher level without the fed. But if the fed comes in and gives us a rate cut on top of the economy that we have. You can call it was to the stock market and some people would say. It will give us new highs in the market. If we hit a rate cut in the market reacts negatively because maybe it looks like the Federal Reserve know something with that we dont. Were out of 50 when youre low on a payment per wave growth of 3. 1 certainly in the first corner. Here we are on the doorstep of the Second Quarter earnings. Not expected to be great, expected