We have what we need. David it is said to be a radical change this week on the ability to test. What are we talking about and how many should we be testing in a given day or week . Max ideally thousands a day or tens of thousands a day. Given the fact that we had as many as six weeks of spread in washington and new states popping up with new cases. It is important to test as broadly as possible to catch and break the chains of transmission instead of letting them go on and on and people sitting waiting for tests. We can wrap up as much as we can, even if it means letting hospitals and labs coming up with their own tests. David . Ets go to Peggy Collins the big issue is the personal effect but also the economy. We had numbers out but a little wouldnd not as what you have thought. Peggy we are seeing manufacturing numbers coming in the most since 2009. That is the biggest things economists are looking out for. We came into 2020 with a global fragile, partly from the trade war. Now the co
Data check for you. Stoxx 600 pretty flat this hour. Fourth of july low volumes waiting for payroll data from tomorrow. Outperforming. Yields areyear certainly worth talking about. Yields have dropped below the 0. 4 level, below the ecbs deposit rate. Weve got gold still acting as a haven above 1400. The dollar index not moving all that much. President trump doesnt like the strength of the dollar. We will talk about that. Wti not reacting positively to the production cuts extended by opec. Lets take a big picture look at what is going on in these markets now. The u. S. Stock market closed for trading for the july 4 holiday. In europe, equities continue little changed while investors search for direction and await u. S. Jobs data. We are joined now by paul markham. Very good morning afternoon, in fact, here in london. Valentin, lets come to you first. It does feel like risk off is back on. Currencies are outperforming low yield ors. It remains to be seen whether that positive feeling wi
Pricing surrounding the feds next rate decision. Plenty of great coverage coming up. Lets get a first word news update with olivia hows. Olivia at the vatican today, russian president Vladimir Putin met with pope francis. It is a sign of closer ties between the kremlin and the catholic church. Russian officials said the meeting would focus on syria and ukraine. Tomorrows the pope is due to hold talks with the ukraine about conflict in that country. British special forces have seized a supertanker suspected of carrying iranian oil to syria, in violation of u. S. Sanctions against the syrians. The tanks are ready to go, and the fighter jets are set for the flyover, all part of President Trumps changes to the two directional fourth of July Celebration on the National Mall the traditional fourth of july silla brush and on the National Mall. There is concerned that the 20th to Nuclear Treaty with iran is about to collapse asked that the 2015 Nuclear Treaty with iran is about to collapse tha
Reportedly subpoenaing records related to the 787 dreamliner. And megadeal making in the sports world kevin durant, irving, Deandre Jordan all look ready to take their talents to the Brooklyn Nets its monday, july 1st and Worldwide Exchange begins right now. The greatest, the greatest good morning, everyone im con tessa brewer here at World Headquarters for cnbc. Brian sullivan is in vienna this morning. Good morning, brian. We took our talents to vienna, austria, the scene of an opec meeting well get to what is expected in just a minute, but we have to check stock futures because it alongs like the markets are going to surge today they surged in asia overnight, stock futures we could hit a new record on the dow. Remember, we hit records on the s p 500. Will today be the day the dow 30 does it . Stock futures are up more than 200 points a the moment as well. On that trade optimism that you referenced at the top, the asian markets up over 2 in hong kong and the nikkei in japan and the e
More needs to be done. The governments plan calls for new Foreign Direct Investment in sectors like Aviation Media and insurance a cash injection for banks aims to end a credit crunch and there will be tax relief for startups moves analysts say could boost the broader economy. If the macro numbers improve and things become more conducive that money will flow to the Broader Market as well its another step as india aims to emerge from chinas shadow to become the worlds Fastest Growing big economy. Interesting plans but will they work lets bring in there josie john a Business Writer based in Bangalore India targets a g. D. P. Of 5 trillion us dollars by 2024 thats nearly doubling todays g. D. P. I call that ambitious when you. Actually there are it is indeed ambitious but only she needs to be ambitious if it reaches 5 trillion dollars it will go all you can journey in terms of g. D. P. Which he too real for sure but doing it in 5 years ago the lack of rule for downbursts into your doctor