And individual names getting lower. That keeps it pretty much unchanged year to date we have a massive show coming up discuss the latest stimulus negotiations th thats any minute now its the key question for the markets today. And then as the heat gets turned up on big tech, well talk to the always candid ceo about the precious ceos facing testimony tomorrow and the stay at home trend a huge swell of tech earnings coming to day and later this week. Lets start with the broader markets. Mike, over to you. Thank you we have markets on pause for the most part today. Bond market is qui wet yields at the lows stock market, too, is hugging this very familiar area, basically flat on the day. That is an area of attraction. Well see fit lasts for now. It is the defensive factors. The ones that benefit from low yields that are up today, real estate, staples and utilities. Take a look though at a couple of indicators as we wait for the fed decision tomorrow. Whats going on and how quiet the bond m
1. 1747. , 1934. 74. Another busy week for the markets. 189 s p 500 Companies Due to report. Some already reporting today. We also have the fomc Rate Decision on wednesday as well. We welcome margie patel, Wells Fargo Asset Management Holdings Managing director. Characterize this earnings season for us. It has been encouraging. Last week, we have 20 of companies reporting. 80 of those were above expectations, even though many said they were not in the position to predict earnings for the year. Uncertainty, very pleased with the first reports. You to would that cause be a buyer of these companies, or is it more of a relief that we are not seen the bottom fall out of the market . Margie what it tells you is that, with no proposition from most of the fixed income market, stocks really look reasonably year ifve over the next they can raise their earnings. Many of them are in a position to do that. That is what the markets are reflecting. , theyes dont look bad dont look overpriced compared
Thattart to see some of speculation in smaller cap to midcap names. Keep in mind, the rebalancing of the indices, that actually took effect today, so you will see a lot of the smaller names move into those midcap and largecap, the russell 2000, the russell 3000. Taylor we are getting some comments from fed chair jerome powell. Congressional testimony tomorrow. He is saying the path forward is extraordinarily uncertain and really hinges on this virus. Untilecovery is unlikely people are confident it is safe. Incoming data beginning to show a resumption of activity. A new phase is sooner than expected. Millions of jobs are still lost. He is repeating that the fed is still committed to using a full range of tools. Below,y keeping rates buying bonds as well. Romaine the other thing that is going to start to drive this is corporate earnings. Micron earnings crossing the wire. The three q numbers, adjusted eps, above the estimate for . 77 on an adjusted basis. For 5. 3. Are looking company h
Curbs. The amount of storage is 300 higher than a year ago. And global virus cases top 7 million in less than a week after topping 6 million. The u. S. And u. K. Show signs of a slowdown. India and brazil are the new hotspots. Taylor lets get a quick check of those u. S. Markets and a reminder of how they ended. Erased all the losses that we have for 2020. The nasdaq 100 continues to post more record highs. You see futures taking that in stride, mostly unchanged after what has been an astounding past few days coming up the big fridays jobs report. The optimism continues here in the monday trading. I do want to see how things are shaping up for some of the asian markets. For that, we have Sophie Kamaruddin here. Are asian markets extending some of the optimism we got in the u. S. . So, even afterestly we got warnings from slowing growth from the world bank. Kiwi stocks adding about one third of 1 at the start. Clawing back year losses as the country with social distancing rules. Austral
As more nations and states move toward reopening, we ask what needs to be done to make it safe. We hear from Johns Hopkins university. We hear from Johns Hopkins university. Lets take a look at how we are setting up in these markets. We had mixed messages from wall street overnight as investors try to make their way through the global reopening. Asianlook at how the session is shaping up. The globaler we saw cell overnight, there could be little and the way of conviction for asian markets this morning. Futures fluctuating in the asian session. Off by slightly here. We have kiwi stocks getting grounds by. 2 . K futures in Chicago Holding on to three day ahead of a heavy earnings day in japan that will include names like toyota and honda due out later this afternoon. Today we are washing for the topics potentially push into a bull market with optimism for parts of the economy restarting. We could see wider headwinds weigh on the asia session. Checking in on what is going on with bonds, a