China, the u. S. Rejecting chinas claims to the South China Sea. China than sanctioning u. S. Officials like ted cruz and marco rubio. U. S. Futures are pointing higher. We are also looking at what is going on with the virus as well as states like california reversing its reopening plans. U. S. Tenyear year, bonds up. U. S. Tenyear. We saw the dollar gaining a bit of steam against the yen, but seems like we are reversing some of that. Lets look at the boards and watch were Chinese Markets are going to see any reaction to the trade figures. We saw a bit of a pause in the risk rally when it comes to mainland equities, after we are seeing equities inching toward that 10 trillion milestone. Flip the boards and see what is going on there. Smallcap, those rose to follow five year highs. We have basically been flat the last 30 minutes of trade. Shenzhen stocks have been on fire. Hang seng down 184 points right now. Also with the city introducing the toughest virus measures since the pandemic
Restrictions in new york city is boosting education about masks and social distancing. U. S. And china ramping up tensions. Washington rejects beijings claims to the South China Sea and top senators are facing mainland sanctions. Shery lets get you started with a quick check of how the markets are trading. U. S. Futures opening higher, gaining one quarter percent after stocks fell in the regular session. Sharply higher throughout most of the day and then we saw a bearish reversal in the afternoon. Marcus dealt a double whammy with data showing that virus cases surged in california, as they that makes up 15 of u. S. Gdp. Not to mention escalating tensions between the u. S. And china. The u. S. Denounced chinas claims to the South China Sea. The s p 500 at one point hit the highest level since march before falling in the afternoon. Led by tech and communication stocks. The nasdaq composite hit another record high. At the end of the session, the biggest fall in more than two weeks. Take a
Yvonne interesting to note the jobless rate, 6. 2 . You have to wonder what the labor market looks like in the face of this bad data. Look at the equity market right now, a free fall when it comes to china but looking better than the rest of the region. Its bring in our next guest lets bring in our next guest. Thea, it seems like economists were a little bit too upbeat. What happened . Julia i think if you remember, the government gradually increased the limit on economic activity. They extended the quarantine since the beginning of february. That likely hit a lot of factors like retail consumption quite a bit. It is happening at the same time with a lot of other factors such as Chinese New Year and a bit of a vacuum in terms of activity any highfrequency nature for the first two months of the year. It is introducing a law of margin for error, trying to get an understanding of the true extent of the the klein. Having said that, a lot of micro indicators were sowing a possibility of a v
The morning commute. We are tracking a fatal crash eastbound 80 before 4th street so its the last exit before you get on the lower deck of the bay bridge. You can see emergency crews on the scene and traffic backed up just beyond 6th at this point so expect minor delays. We have a sig alert in effect. Three lanes are closed. Chp says that they should be re opening those lanes in the next 15 minutes. So well keep an eye on it. Expect minor delays approaching the lower deck of the bay bridge. Heading on the other side of the bay bridge, over on the oakland side, speeds are in the green. 12 minutes into San Francisco. Bart released footage of a woman who passed a chilling note to a rider. Christin ayers reports. I have never seen anything like this in 19 years with bart. Reporter a bizarre robbery attempt aboard a train saturday afternoon. The suspect is this woman in her 30s with glasses and blonde hair. After walking from car to car alone, she handed judy this note. There are two guns p
I might have met one yesterday, patrick harker. The new philly fed president. Has a business background, academic background. Went to the university of delaware. Interesting guy. Has a Civil Engineering degree and a master in economics. He was trying to be a homer. I know. I got it. I was ignoring it. Thats your first meeting with this guy . Yeah, it was. Hes not as hawkish as charlie plosser. Much more down the middle. Love charlie. Hes on board with a few rate hikes, but not in a hurry to do more. Three more or three total . Three total. Two more. We had kashkari on yesterday. I know. I saw that. You did . I read the transcripts later. You did . Yeah. Some people with that viewpoint like the interview, my viewpoint. You heard, if you read you know what i was saying to him, i think hes crazy. Right. Because youre close enough to the statistical Inflation Numbers to where if youre at all forward thinking at all, now is the time. He just kept trying to defend that position. I thought wh