Only up a point. The 10year yield at 51 basis points. Jersey talking about a range of 40 and 80 for the next two months. Now that we have broken through 54, he says that was an important level. Ralph lauren, one of the stories of the day. That stock down 6. 25 . Argentina has reached an agreement in principle with a key group of creditors to restructure 65 billion worth of debt, after a third default this century, the ninth overall. Robert koenigsberger, cio of gramercy funds, who had a seat at the table, joins us now. Headlines crossing about half an hour ago saying there was an agreement in principle. Few to us about the last hours, couple of days, how it all materialized. Robert good afternoon and thank you for having me. April, itoke last in seemed like an agreement would be too difficult, that the two sides were too far apart and with hardened positions. Over the past couple of months, obviously, past couple of days, those positions became less hardened, and logic prevailed. Winwi
A 2nd and a run up the next hour on the way to what his backers are doing well right now while backing down from one of the nations biggest media conglomerates just got bigger were going to break down which company has now swallowed up Spanish Language Network Univision so much to get to on this very busy day so lets get started and we begin where else but with the very latest on the coronavirus as that surge of new cases is rising outside of china were also seeing markets react very strongly kristie is the latest on that coming up in just a 2nd but right now lets take a look at the boom of new cases in south korea as well as iran lets start in south korea where virtually all of the new cases are connected to a mega church about 200000 people in fact about 60 percent of all south koreas cases of the coronavirus or link to the church of jesus where it apparently a 61 year old woman began transmitting the virus its not clear how she became infected. Well now south korean officials have a
Organization is warning countries that the coronavirus is literally knocking at their door. And i said yeah they should you get i mean i just wanted out of my situation i was going to try to get assuming you dont go down the road what are you going to school but im going to do that you will have. The same people close and i generally find a city just you know that old saying are going to die already down towards the people who are going to get out of it if you do theres some of that sort. Of for his part President Trump is now asking congress for 2400000000. 00 to battle the coronavirus and to help coal markets the president says the u. S. Has its situation under control. I think its going to be under control and i think i can speak for our country for our country is. Under control but again we do business with a lot of other countries we take care we work with other countries who are in other countries to be happy healthy and well theyve got to be happy healthy and well its very simpl
Univision so much to get to on this very busy day so lets get started and we begin where else but with the very latest on the coronavirus as that surge of new cases is rising outside of china were also seeing markets react very strongly kristie is the latest on that coming up in just a 2nd but right now lets take a look at the boom of new cases in south korea as well as iran lets start in south korea where virtually all of the new cases are connected to a mega church about 200000 people in fact about 60 percent of all south koreas cases of the coronavirus or link to the church of jesus where it apparently a 61 year old woman began transmitting the virus its not clear how she became infected but now south korean officials have announced that they will test all 215000 members of that church south koreas number of confirmed infections has risen to 893 the largest number outside of china meanwhile iran is claiming that only 12 people have died from the virus. In that country that claim tho
Service surpassed 10 million sign ups in one day. That news adding more than 18 billion in market cap to the entertainment giant today alone. And get this since disney announced pricing for disney plus in april its gained 58 billion in value. Do the magical math, 58 billion in market cap. 10 million subscribers makes each disney plus user worth about 6,000 is the magic too good to be true . Guy, thats one way to do the math i think the market is saying is going to be its far more than 10 million at a point. I guess the moep is at some point i want 60 if you do the math thats the ultimate hope with that said here is the stock that traded about six times normal volume, made an alltime high, up 50 ish since announcing legalized me andreaering to me that was the first life lines in the sec can you wrap your head around the valuation . Karen and i spoke about it last night. Spending money to make money i get it how long does it take and moug are you willing to wait . And how long should you