Economies trying to rio, maybe not reopen, maybe not straightaway, but starting with france in phase two and starting phase two on may 11. There is hope we have bottomed out when it comes to the economic crisis. I am seeing euro movement. Here is viviana hurtado. Viviana the white house is backing away from a projection that shows the coronavirus out rate getting much worse in the u. S. And says by june there could be 200,000 new cases and 2500 deaths per day. The white house says that is a cdc document that has not and presented to the president. Neither allies nor opponents are happy with Boris Johnsons coronavirus plans. Lawmakers from his party want him to ease the nationwide lockdowns. Propernions demand protection for employees. Three months to fix it 3 trillion wanted tate of easing Program Quantitative easing program, this from the German Constitutional Court to the ecb. Claim the bank overstepped its bounds. Oil on its longest winning streak and nine months. For the fifth day
Say, someone who believed that things may not bottom. And i think hes switched. He may say its not in dramatic fashion because its near the middle of his piece, not at the top. I do believe what were seeing is a gigantic amount of liquidity put in by the fed, when it looked like things might go back down that mattered a lot. A lot of companies that dont have great credit are getting money. Thats important we saw the retailers go up last week it wasnt because retail sales were good, but because their credit was so bad, maybe they get a chance to raise money. Ge raising money a lot of companies are raising money that would not be able to raise money. That is going to be a major change to keep a lot of companies out of bankruptcy and in the same way that the oil deal might Keep Companies out of bankruptcy david, you know theres so much debt being issued now. And theres some opportunities for people who want to buy debt, but holy cow, is the government wide open to buying anything on thurs
And he will join us in the questions and answers. As power lunch begins right now. Welcome to power lunch, everybody. Im Contessa Brewer and just admit it you dont know which day it is either after the markets were closed yesterday, it feels like a monday weve got stocks falls from record highs today the dow down triple digits well, were off the lows of the day. Were at lows of the day right now. Breaking that fiveday winning streak take a look at boeing. That stock is moving lower as sources tell us the Aerospace Company does not expect regulators to sign off on the 737 max until june or july thats thats months later than anticipateded and with the markets at or near record highs seemingly every day, does it make stocks vulnerable to a pullback on any negative news . Bob b pisani at the New York Stock Exchange with more we have got a one two punch here today first late in the day, we have the nuews about boeings planes, the 737 max maybe not available until the summer that hit us then
Have set new alltime highs today with corporate earnings sending some mixed messages to investors. And the target miss rippling through the market, were seeing some take a hit. Joining us for the full hour, paul hicky, cofounder of the spoke Investment Group do you see any interplay between these big stories that were watching today so i think combined, they play into themes that weve been looking at coming into the year. So the pros and cons of the market heading into 2020 now, were pretty much evenly split. And the target could be a sign that maybe the economy is a little bit weaker than people are seeing were seeing weaker than expected data. On the positive side, were seeing the market continue to hit new highs. And the number one positive we look at is dont fight the tape. When we see new highs like this, you dont want to fight the market and trade is important its not necessarily a positive or negative, but at least weve got this behind us and theres very little in the way of exp
World headquarters in new york. The other big news we are hearing from sources telling bloomberg that President Trump has signed off on that trade deal, phase one with china, and also avoiding that 160 billion of chinese goods being given more tariffs. The plan was for this sunday, the deal could include agricultural goods, purchases from china, not to mention perhaps those existing tariffs also being lifted. Thats get the Market Reaction right away because japan and south korea are coming online. David ingles is in hong kong. What are you seeing . David if you took that and went long in the cash market on sterling or any of these as well, certainly, 13 514 whats your session high on cable. One thing to note on this as 2 wouldthing beyond make this the biggest drop since 2009 so these are quite substantial moves you are seeing. Lets flip the boards and have a look at the open across the region right now. Overall, asia is back to the highest level since august of 2018. I am guessing wit