authorities warned against reopening too quickly. sending a message to facebook. more advertisers cut spending. anchor: asian markets are setting up. virus cases continue to accelerate, not just in the u.s. but closer to home. let s go over for a look. i am looking at the numbers, it looks like a trading week. that backdrop, futures are pointing lower this monday ahead of hancock s anniversary. trade data do from the city this monday. morning, thehis economic fallout from the virus, higher jobless reports. we have a downside picture across asia. checking in on commodities, let s check in on oil. losing ground. near a 2012ing high. higher prices expected. australia does see gold expert warnings hitting a record $22 billion in 2020 through 2021, before easing in 2022. we have to big picture that good gold could top $1800 an ounce. global virus has hit grim milestones. cases in tokyo rose by a daily record. japan had lifted a state of emergency last month. in the u.s., governo
shortly. what do you observe this morning, nejra? nejra: i m observing headlines coming through right now from andrew bailey, in the core with journalists he is having right now, that it is clearly a commitment to take action, saying the qe program is highly aggressive and appropriately is so. also saying there is no evidence the boe is targeting any part of the yield curve, but what is really interesting is we did see a little bit of differing views in terms of the decision today. there were policymakers that wanted to extend qe today, but the reaction to the fact we have had no change in policy today is coming. analysts say we will get more qe in june or august or both, and the pound catching a bid off the back of the boe forecasting the v-shaped recovery. that is what i find staggering. a 15% rebound in 2021. tom: i think you are dead on in that, nejra. there is no question what six out within all the excel spreadsheets and the heroic language at this moment, really with d
this morning dr. fauci will enter the senate chambers, at least virtually, and testify before the senate. there are a lot of dynamics around this word lockdown. seeinge: and wuhan infections come back. they will test the whole population of people. we will have plenty more of that. now let s get to first word news in new york city with ritika gupta. mentioning,ou were a stern warning from dr. anthony fauci. disease infectious chief will enter the senate sayinganthony fauci there is a chance of more outbreak without following white house guidelines. president trump says we have met the moment and have prevailed. u.s. deaths have exceeded 80,000. he later said his remarks relate to testing for infection. the federal reserve is watching its long-awaited backstop for companies today, and will begin by etf s for corporate debt. it played an important role in keeping the financial markets relatively calm since march. in china, all 11 million represents residents will be coronav
shery: and a rocky road ahead for china. the world s top auto market heads for an unprecedented second straight year of failed declines. comingnd south korea online. here is what to watch. sophie: stocks open higher with nikkei and topics opening with two .2%. data earlier this week showing a pickup in business spending and reduced prices. the yen looking steady after jay powell s speech which reinforced the dollar has a negative bias. which assets will benefit most from the fed s 2020 outlook? we will check in on the open in seoul. .7%.ospi up we have aussie shares moving to the downside with a risk on move this morning. futures are also gaining ground. it lets check in on currencies this morning. the aussie dollar bumping its timeagain for a sixth moving below 68.80. and the british pound back up above 132 above 1.32. more on u.k. politics now, here s a check of first word news. u.k. votes later thursday in an election that will defined the relationship with the eu for
these are your markets, seeing some pressure on the stocks europe 600. the mexican peso, because of what we are seeing trump say and do about mexico, is one to watch. we are also looking at s&p futures down 1%. if you look at the asian trading session, it was down significantly. and as the hours went by, they recuperated the u.s. 10 year yield is the one we have been watching and will continue to watch. it is a good indication of how the markets are taking the trade concern. , withoutar german bond a doubt, the story of the last two years. we talk markets with andrew wilson from goldman sachs. a little later, we talk markets and trade, and this afternoon, we talk to the minneapolis french president. first, let s get to first word news. if the federal reserve sees mounting risks, they are ready to ease monetary policy. that is according to the banks of vice chairman. he said the u.s. is in a quote very good place. we are tuned to the potential risks. and if we saw a downsi