Mr. President. I want to just talk very briefly about two or three things. First the issue of testing and how that has changed the complexion of the approach well be able to take. Testing was an issue. We had many questions of testing in this room for a number of times. Now that we literally have hundreds and hundreds and thousands of tests out there there are a few things we can do with that one of the things when we make policy poll what well do with the rest of the country particularly areas that are not hot spots, we need to know what penetration is there. We have to act policyize on data. And were going to be getting more data, a lot more data. The other thing is, that the areas of the country, not hot spots, not going through the terrible ordeal that new york and california and Washington State are going through, they still have a window of significant degree of being able to contain. In other words, when you test, you find somebody, you isolate them, you get them out of circulat
I want to just talk very briefly about two or three things. First the issue of testing and how that has changed the complexion of the approach well be able to take. Testing was an issue. We had many questions of testing in this room for a number of times. Now that we literally have hundreds and hundreds and thousands of tests out there there are a few things we can do with that one of the things when we make policy poll what well do with the rest of the country particularly areas that are not hot spots, we need to know what penetration is there. We have to act policyize on data. And were going to be getting more data, a lot more data. The other thing is, that the areas of the country, not hot spots, not going through the terrible ordeal that new york and california and Washington State are going through, they still have a window of significant degree of being able to contain. In other words, when you test, you find somebody, you isolate them, you get them out of circulation and you do
And months ahead at the center of the drama, of course, today the currency clash. President trump accusing china of currency manipulation as china lets the yuan fall we have got the details of the punch and counterpunch plus, the consumer crush the names the trade war could hit hardest, as well as which ones could actually benefit from escalating tension power lunch starts right now lows of the day on the dow right now, 781 points. The next two hours will be big trade headlines sinking stocks today. Kayla tausche covering all of the trade angles for us, as she has for months now but lets begin with bob pisani at the New York Stock Exchange hey, bob and tyler, todays declines are very broad based everything, except maybe gold and utilities. Lets take a look, down 1. 5 to 3. 5 Technology Stocks down, bank stocks down. Consumer discretionary down, energy, industrials, all down about the same however, even Consumer Staples are not faring that well look at the walmarts of the world, costcos
Is looking to perform, so that has the stock nice and higher today. Of most him course of Molson Coors Brewing is leaving, the ceo be replaced by of miller coors. We want to know if the fomc can thread the needle . What does he need to get done today . Guest the first thing is 25 basis points. Everybody knows that if he doesnt cut 25, hes got a credibility problem in the markets. 25 is done. I think youd like to do 50. He and others have given indication that if youre going to do something at this point in just come its really at this level of rates, you need to go big. Weve had reasonably stable sobers from the economy, hed have a hard time getting the hawks. What it comes down to really is anything, he if announces on the Balance Sheet, and what he announces Going Forward. Guy expectations are dovish Going Forward from here. Got four rate cuts priced in at the moment. Is that too much how does he find himself some breathing room is that too much . How does he find himself some room .
Rig count at 1 00 p. M. Eastern time. Our road map begins with a big set back for Prime Minister may. Yesterdays snap election ending in the Hung Parliament. What does it mean for the looming brexit talks . Plus, stock futures are pointing to new records as investors shake off that political turmoil in the uk and back here in washington, d. C. And complete vindication, thats the take away from the president on the testimony by comey but the reality may be a bit murkier. Well talk about that. But first, the uk is the lead. Mays conservative party lost the majority after the election. Resulting in a Hung Parliament meaning no party has the 326 seats that are necessary for an outright majority. May had called for the snap election in the hope of strengthening her hand in brexit talks after her meeting with the queen, the Prime Minister spoke about forming a Coalition Government. What the country needs more than ever is certainty. And having secured the largest number of votes and the grea