Laura as it intensifies into a category 2 hurricane 16 years in the making, palantir finally making a bid for the Public Market but not without a lot of investor scrutiny move over bill ackman, there is a new face you ever watching cnbc good morning. Im dominic chu in for Brian Sullivan today a bit of a miss so far you can see the s p higher by about four points. The dow jones lower by 37. The nasdaq outpacing after the s p 500 closed higher. Hitting the 17th record close of the year nasdaq trying for a fivesession winning streak as it pushes. Now seeing the 38th record close of this year the dow bucking the trend ending the day lower. The key to watch there, 28,000 mark early going, you can see the shanghai composite about flat on the day as well. Meanwhile, we are seeing outperformance in the german dax up about a half a percent. The ftse 100 underperforming as it has been all year currently down in this session we continue to monitor the developing story in the gulf of mexico hurric
Operations as the pandemic wreaks havoc on its business model. Good morning, this is bloomberg surveillance. I am Francine Lacqua in london. Lets get to the headlines. Expectations of a 6 slump in the Global Economy, but a caveat hang if there is a second wave, which some economists are expecting, it would be a 7. 6 slump. The oecd is explaining what will happen if the economies stay open and there is a second wave and second lockdown. In theetween 6 slump Global Economy and 7. 6 if there is a second wave. The markets are focusing on the rally in a couple days ago. It is about the fed and what they will do today. Investors are waiting for the decision on monetary policy. Treasuries edging lower and crude oil retreating. Lets get to the first word news in london with any murder. Dani the World Health Organization is walking back its comment on the asymptomatic spread of coronavirus, a day it was very rare, it says it is unclear. The head of the unit says previous projections were a misu
Street warnings. Citigroup joins jpmorgan in slacking a downturn as Global Sentiment takes a hit. Manus are we all on our way to 2 . Its a most like a shakespearean drama. We cant turn back. 2. 75 . Ld retrace the we have priced ourselves on most oblivion on the probability of a rate cut. The didnt show up last night for the sevenyear option which could be the bond market sending the signal back to the market. A lousy bond auction was almost a welcome reprieve. James gorman says he will meet hard data, hard facts for the fed to move. Lets have a look at some of the other at risk markets. , 25 basis point cut on that market next week. The dollar is slipping this morning. They cut their target on the aussie to 65 from 70. You will see 1 by the end of the year. The dollar index, we are off of a fivemonth high. The risk is a major escalation. We could trip over ourselves between china and the u. S. Into a real escalation. That is the risk we must fend off. Nejra theres a fair amount of glo
Palestine derailment. [inaudible conversations] the science transportation order. Ee will come to for the purposes of a hearing. We are here this morning at the full committee for improving rail safety in response to the East Palestine correlator i would ask the witnesses to please join us for the first panel at the witness table. [inaudible conversations] [inaudible conversations] good morning, everyone. The hearing will come to order. On february 3rd, the town of East Palestine, ohio, experienced a Hazardous Material event that no community should have to suffer from, and Norfolk Southern train carrying Hazardous Material crashed just outside the town,n, and 38 carso more than according of the train derailed. One of the cars caught fire, in gold and gold of the rope cars including five caring vinyl floor. After burning for two days, authorities became concern the vinyl chloride and one of the tanks was undergoing a Chemical Reaction that made it bigger and more dangerous pick the aut
For the purposes of a hearing. We are here this morning at the full committee for improving rail safety in response to the East Palestine correlator i would ask the witnesses to please join us for the first panel at the witness table. [inaudible conversations] [inaudible conversations] good morning, everyone. The hearing will come to order. On february 3rd, the town of East Palestine, ohio, experienced a Hazardous Material event that no community should have to suffer from, and Norfolk Southern train carrying Hazardous Material crashed just outside the town,n, and 38 carso more than according of the train derailed. One of the cars caught fire, in gold and gold of the rope cars including five caring vinyl floor. After burning for two days, authorities became concern the vinyl chloride and one of the tanks was undergoing a Chemical Reaction that made it bigger and more dangerous pick the authorities then initiated a controlled burn of the remaining vinyl chloride in five tanks to get a g