780 points s p also up 3. 4 the nasdaq up by 2. 5 . This morning, you do see some red arrows right now, the dow is down by 111 points the nasdaq down by 65 points jobless claims number that people will be watching so closely. Keeping an eye on trezy yields, it looked like the yell was trading at 3. 7 . Thank you, we have an update now and numbers. Confirmed cases in the United States is now more than 432,000. More than infections in italy, spain and germany combined new york state has 151,000 and 6,200 deaths Trump Administration is saying they are seeing real evidence that the measures being taken are working. A battle is brewing on capitol hill over new outbreak funding demanding 250 billion in new funding. House speaker and Senate Minority leader saying any new package would need to include more for additional money for hospitals, state and local governments. The senate is expected to bring competing measures to the floor today. Neither are expected to pass fed chair jay powell is s
Maria big show this morning, fox business dagen mcdowell, kings view asset chief Investment Officer scott martin is here and forbes media chairman, former republican president ial candidate, steve forbes. Market will not quit, futures pulling back, once again, what a month, we are coming off best performance since june, dagen. Dagen ive said this, Central Banks around the globe, markets have wind at the backs, if you look at fund manager cash levels plunge, the largest monthly drop in 3 years in the month of november, stock allocations have gotten higher, wall street journal writing about this this week and then the rolling 12month global total for Central Bank Purchase assets to hit 1 trillion, steve is cringing, steve is on fire that im talking about this, it is important to note that despite some of the negative news that weve gotten in the markets whether its about Capital Expenditures, weak Fourth Quarter forecast for the economy, you still have easy money around the world. Maria
It always leads us to our road map. It starts not with the stock market but with the big Company Named walmart and its shares, which are set to open at a new all time high. The retailer delivers an earnings beat, also forecast what is quote a good Holiday Season plus, Global Technology spanning slowdown concerns, cisco shares, they are sink ahead of the bell as we told you. Rain or shine, we always like that he will be with us for an interview and Elizabeth Warren on attack. The president ial hopeful dropping a fierce new campaign ad today shes targeting a handful of outspoken billionaires who have criticized her publicly. Many of them right here on our air. Lets get to shares of walmart they are on track as i said to open at a few all time high, quarterly earnings, Comparable Store sales up for a 21st consecutive quarter and ecommerce sales, get this, 41 in the u. S. Was what they were up that was helped by growth on what they said was Online Grocery. Walmart also raises its full year
Coming up. Tom a riskoff mood percolating through the markets. Of course, we had u. S. Officials coming out and downplaying hopes of a trade breakthrough at the g20, and the commentary from jay powell and james bullard, seeming to disappoint some investors who were banking on a 50 basis point cut in july. Warningsay powell said of Downside Risks have increased, but stopped short of saying that cuts are imminent, a nd jim bullard said a 50 basis point cut might not be warranted, going for more like 25 bits in july. We saw equities pullback from the initial fedinduced rally. China also looking in the red, hang seng futures down 91 points. Yesterday, the chinese banks really tipped the market lower here after the reports that they may have been involved in not agreeing with subpoenas when it comes to north korea violations. More on that later on. Moment, 6. 88 at the pretty flat, but Dollar Strength story is percolating through the asiapacific. The bond market continues to see yields goin
Interest rate at 5. 5 . Of course, dave, it is widely expected all 20 economists we surveyed expected as much. But the question is really whether or not governor adrian orr will sound hawkish, given that inflation is still far from where he wants it to be, which is one, two, 3 right now. We had headline inflation in the Second Quarter at about 6 . So rbnz staying pat for a second time in a row at 5. 5 . Remember, this is the central bank that has done 525 basis point hike. It has been pretty aggressive ahead of the curve, way ahead of the fed. And now it is keeping its rate standing pat at 5. 5 for a second time in a row. Dave. Yep. Yeah. So were looking at, to your point there where there is some commentary on inflation and how restrictive rates are and theyre saying already restrictive and that should be enough to return inflation to target. Were just going through some of the phrasing here on the statement because that i guess in some ways, short of hearing from the governor himself