The s p advanced 0. 64 and the nasdaq jumped 1 the world where the democrats and republicans cant make a deal on the next round of stimulus, so states have no choice but to open up. Open up everything, using masks and social distancing, as their only backstops because otherwise everyone goes broke. You just cant stay shut down without the federal lifeline come on, right the states dont have the money for it but the log jam in washington is starting to get personal you could see that when i interviewed House Speaker nancy pelosi this morning. I may be naively asked if we could at least get a deal with the gop to help out minority owned businesses in honor of the late, great john lewis heres what Speaker Pelosi shot back can we give a huge chunk of money to minorities who want to stay in business and cant, and to people who are trying to go to college or have student loans, who are minorities, who are the most effective, because they have the least chance in our country, thats got to be
The german tenyear 32 basis points. What is that going to do at the end of the day if they rethink that inflation target . David and what does it mean . Peggy collins pointed out the u. S. Is taking a look at the same thing because Central Banks are saying we had this to ,rcent, it is not this 2 it is not working out. Do we have to take a different approach . Phillip morris the latest earnings coming out. It really highlights those that can take this environment and deliver to boost their forecast, and those that just cant and dont have the Pricing Power like netflix. David then you have honeywell somewhere in between. It beat on earningspershare, a little soft on revenue. It does seem to be weathering the storm of trade uncertainty at the moment. Alix in the market, lets look at how that push and pull is playing out. Netflix well off the lows of the session. Eurodollar taking a steep leg lower on the news about that reflation rethink that inflation rethink by the ecb. Money flowing in
Supporting earnings. Johnson johnson and the korean travelers higher by 11 points. Nasdaq up three. Nicole japanese stock sale and trade war with the United States. The nikkei down half of 1 . In china, the shanghai composite index that two tenths of 1 . Lauren after falling 1 , Oil Prices Trading at 53. 26 a barrel. Up 1 . Nicole the yield on the 10 year treasury. Looking at that steady at 2. 41 . Lauren yahoo pushes back the timing to be bought by verizon but the stock is up 1 an 1 an optimist and the deal will go through. Nicole Golden State Warriors list one of the worst teams in the nba. Venus williams becomes the oldest woman to reach the yesterday and open semifinals. Shes going for a record. Lauren good morning. Five of 1 00 a. M. In new york. Welcome to fbn am, your first look at morning markets and breaking news. Breaking news at the moment. The u. K. Supreme court israel that Prime Minister teresa may musket parliaments approval before she begins Great Britains formal exit f
Theyre merging the china operations with its biggest local competitor. We look at how this move could bring over closer to an pio. An ipo. Lets it over to the market desk. We are holding it is record going the earnings driven on a little bit it just like. It is slowing down. A memosto this is analysts, Goldman Sachs today downgrading u. S. Stocks to an underweight, it is a tactical call here. Not necessarily a longterm but a tactical shorterterm call looking at what we have seen in earnings and valuations. Detach a record before pulling back. We are seeing a lot of movement here. Were this long streak of the s p 500 not moving more than 1 up or down by the close most of the nasdaq is gaining more ground today. If you look at the groups on the move, on the bloomberg you can look at the imap, it is a tug of war. Energy shares are down, on the upside it is tech and health care both are gaining. That is one of the recent the nasdaq is outperforming today. Some of those involved are on the
Oil is down slightly as dow futures point to a higher open up 19 points. Stocks in japan in rally mode overnight, the nikkei up 3 . Other markets were higher in asia as well. Nicole we give you specific numbers, the shanghai composite index down 1 2 , oil pulling back and hang saying in hong kong up 1. 5 . Italy to historic flooding in houston may get worse before it is better, more rain is expected, latest news in the forecast for you. Nicole microsoft, googles parent outfit with quarterly profits, we will tell you what to expect. Lauren lebron james leads the Cleveland Cavaliers to a numtwo0 playoff seed in the Detroit Pistons and the miami heat up two games and none over the Charlotte Hornets. We have the playoff highlights. Nicole it is 5 01 new york time, your first look at what is moving in the markets, latest breaking news and what to expect for the day ahead. Breaking news this morning, both sides reach an agreement with the Us Government to pay 1 billion to compensate owners o