the elon musk s qualifies for a package as tesla s average market valley reaches a milestone. the big test comes today as the electric car maker reports. welcome to daybreak europe. we are seeing a little bit of a mixed picture in the a s ingestion, perhaps slightly slower for asia index. we have some breaking news coming through just now. akzonobel saying covid-19 will continue to impact the second half of 2020. it also says that headwinds related to covid-19 eased during the quarter, so that is a quarter they are reporting on in terms of the second quarter. saying that results showing a strong focus trying to get through the rest of the line on that headline. basically in terms of the quarter we are reporting for the second quarter, covid-19 eased headwinds related to covid-19 eased but it will continue to impact the second half of 2020. akzonobel saying it suspended its 2020 financial ambition due to the pandemic. that is the guidance coming through from akzonobel. coming
florida sees its biggest one-day rise, some of hollywood s biggest names test positive. and china sotest crackdown in hong kong seem to have spurred a reaction at the ballot box, voters have turned out in the hundreds of thousands. let s look at how the week is setting up in asia. a pretty positive lead, asian stocks will keep the rally going. about half a percent after the u.s. stock rally extended that weekly gain on friday. the s&p 500 outperforming the nasdaq for the first time in two weeks. that bifurcation will continue. nikkei futures up 0.3%. trading in chicago after a three i third straight weekly decline, continued concerns about another wave of virus cases in tokyo and elsewhere in japan. 1%ney futures setting up for 1.6% higher. new zealand, blue signals when it comes to trading kiwi stocks after that three-day selloff, up 0.7%. the level of foreign investors piling into the kiwi market suggests we will see further outside with that golden cross, crossing the
those friday afternoon activities. let s get over to reggie with news of the day. thank you, mike. california is entering stage two of reopening today. it is only affecting a certain amount of counties here in the bay area. let s take a look. napa, sonoma, santa cruz and solano will follow the governor s orders or at least orders that are pretty close to it by reopening many more stores today. abc7 news reporter amy hollyfield is live in downtown napa with what it looks like there. hi, amy. napa and sonoma you can get curbside service, pickup. the owner of this boutique says that s not enough. she needs people to come in here and browse. she is really struggling. she needs people to get in here and shop. but napa and sonoma at least are complying with the state s new order. most of the bay area isn t even doing that. under the new orders, some retail businesses like stores that sell toys, books and clothing can partially reopen. curbside service only. calamity jane s ow
reported. new york state reported its highly daily death toll highest daily death toll yet. president s briefing will start at about 5:30. u.k. prime minister boris johnson remains in the icu in the british hospital for the third day in a row. and nasdaq are climbing today. i want to bring in keith. one day is up, one is down. the only thing we know for sure is the daily case counts. what indicators are you watching to determine what kind of day it s going to be? keith: it s amazing, the day-to-day swings and the volatility. we ve seen since chutess are some green shoots. we are watching search interest in real time to see if there any indication of that picking up, and we ve seen that come down week over week. has positive development come against monetary policy that is just quite extraordinary, where the fed s increase in balance sheet of near $1.5 trillion would have boosted valuations in our framework by quite a bit. served against a backdrop of very underweight posi
romain, stocks rising and volatility dropping, so why now? romaine: the good thing, if you are looking for a silver lining here is we did not have huge price swings. we had up and down days with swings of 4% or more, something that has never happened since the great depression, so a day like today where we only lived half of a percentage point is considered to be a relief for investors. we saw volatility measures like the vix and volatility measures on other risk assets come down a little bit. they are still elevated on a historical basis, but by not having these swings it gives investors a chance to parse what the value of things really are, entryybe try to find an point. we saw sustained buying in the names that we used to see in the old-growth days. some encouraging signs. not a monster day. not close to erasing the losses we have had, but a little bit encouraging today. emily: in the meantime, we are getting breaking news out of the fed, the fed saying they have seen an i