To break trump has yet the stimulus long gem. Softbank backs the virus handed record losses in may at a drop of the value, some may change with earnings later. Lets get a quick check of how the markets are trading. We are seeing u. S. Futures under a little bit of pressure, down 1 10 of 1 . We have President Trumps executive actions on stimulus measures boosting sentiment. That weighed in indices. The s p 500 saw the highest close in sixmonth in the longest winning streak since 2017. Aska futures at the moment japan comes back from mountain day holiday. I mentioned softbank earnings coming back later. The japanese yen Holding Around the weakest in more than two weeks. The bloomberg dollar index unchanged at the moment. This after it touched a oneweek high. Watch out for some data this morning. We are getting south koreas 10 day trade data. We are getting japan numbers, not to mention singapores final gdp numbers. Crude headed towards 42 a barrel after gaining the most in a week after s
Commissioner bernie kerik. After three months of the coronavirus crisis, days of protests and arrests, new york city is back. Cue the Frank Sinatra music. Were open for business. We have a stages of recovery for the nations biggest metropolis. All that and more on making money. Charles sector rotation has been going on for about a month. Initially it was stealthy but no longer. In fact it cannot be ignored. Think about this, energy was bestperforming sector. Followed by financials and industrials names. Defensive sectors like utilities, staples, they were worst performing. Old adage, growth at any price . Maybe it found a price. Technology and Communications Services names. They put in a pedestrian performance. Today i have to say they look pretty lackluster as well. Where should you be investing right now . Lets ask two of the best. Rosecliff managing partner mike murphy and Gibbs Wealth Management cio erin gibbs. Mike, it has been too long. I have to go to you in part. You were one o
New zealand going to issue 60 billion kiwi with Government Bonds between now and next year saying the net debt will rise. That will be in 2023. That is coming out of wellington. Looking at what is happening we have got the australian markets on the way. Of huge ball in the number people out of work but the Unemployment Rate better than expected, down to the dissipation rate their, falling quite drastically as well. That is where we have it. China 10 year bond. We have got yields going back as the price goes up. Risk off sentiment, facing unprecedented threats from the coronavirus and monetary and fiscal policy makers must rise to the challenge. Jay powell pushback talk of negative rates. Is an unsettled area i would call it. There are fans of the policy, but for now it is not something considering. We have a good toolkit. That is the one we will be using. Haslinda joining us from new york is nicole webb from weld enhancement group. So the fed saying not likely to go negative, but it is
You have to match it with the economic reality. So we talk about testing people that could be immune, testing people who have recovered to try to figure out what the next phase economically could be. Tom the next phase, you see it in the markets today, francine. We have some important interviews on surveillance today to keep you updated on the virology. As london joins the lockdown, lockdowns appear at the margin to be working. There are terrific charts out there. What is important this tuesday is we are beginning to get a math, a Cardinal Rule in statistics that you need 30 data points, 30 data points, 30 days of information, if you will, to really get a sense of what a trend is. We are right at the cusp right now on the virus. You can see the trend of italy, terrible, but may be Getting Better. Of new york and the united states, really problematic. What i was i am italian, and i have been trying to figure out for a long time what people have been saying about flattening the curve, an
A hospital treating people in a Global Pandemic cannot get a mass. Protests against the brazilian president s handling of the Coronavirus Crisis he says his role is not to cause panic. Traumatized by war now terrified of the virus we look at efforts to prevent an outbreak in the refugee camps in Northern Syria. Has now killed more people in italy than anywhere else the death toll of more than 3400. 00 surpassed that reported by china where the virus 1st emerged iran spain and germany each add more than 15000. 00 cases worldwide according to Johns Hopkins university more than 242000 people have contracted the illness almost 85000 of them have recovered while more than 9800 have died as President Donald Trump says he is pushing regulators to fast track rhinovirus treatments including an antimalaria drug but his own officials later talked that down some more on that in a moment lets begin though in italy paul brennan has our report its just its. The head of the World Health Organization h