working on holiday. when you look at the markets, they are probably range bound and that is where the nudgyness comes from. we have earnings in europe that will give insight and you have the spat between the u.s. and china, which is significant but is not translating into concrete market movement. tom: we will talk about china and a moment. airlines front and center. right now, with our first word news, here is ritika gupta. ritika: china may retaliate for the closing of its consulate in houston by targeting the u.s. consulate in hong kong. that is according to the editor of the chinese communist party newspaper, global times. he writes the u.s. has over 1000 staff and that means it is a spy center. the editor s comments have regally been a tip-off to what the government does. they trump administration says republicans are considering a short-term extension of the unemployment stimulus. millions of americans received several mental payments that were included in the last co
total bond purchase target to $745 billion. beforewaiting until 2:30 the governor comments to journalists. we will get more details on exactly what the bank was thinking at that point, but there s obviously speculation swirling that we could see as far as negative rates. qe byoted 8-1 to expand 100 billion. it will be interesting to know whether that one is actually for more qe at that point. the data in the moment very weak. we saw the cpi data earlier this and thatedibly weak, negative gdp print for april. remember, the bank and the asernor more broadly seen more optimistic on the economy in the u.k., but the bank is ready to take further action is needed to aid the economy. that is what we ve got so far. jonathan: the pound filling the gap lower, turning negative by just 0.1% against the u.s. dollar. get me to august for the next big bank of england sit down. we expanded qe by 100 billion. do they have to go again? guy: the expectation is they probably do have to go again.
reopening process going. look, it does feel that there is a very self confident sense by governors that it s time. i think that the president is so oriented towards it s time, and the president is soed ed ed eet in having a vaccine by year s end, that there s an element of two different worlds here. there s the real world influenced by the president saying open it up, people want to do it, and the stock world influenced by warren buffett who said i sold the airlines because that industry has fundamentally changed. it s a big gulf. really the largest i ve seen amazing. david? sorry, carl we ve been talking about that for weeks. the many phone calls that you or i will have with business leaders who are focused on maintaining their liquidity, focused on just being around to fight another day come the end of the year. the many ceos who join us on air who constantly talk about their businesses not coming back to the levels they were prior to the virus for maybe two or three ye
areas. this is wednesday, march 18, 2020 and our special coverage of the coronavirus outbreak begins right now. good morning and welcome i m morgan brennan u.s. stock futures at a down open the dow jones industrial average is indicated to open down more than 1,000, the s&p is down 120. if we were to open right now and the nasdaq down 386. looking at the major etfs that are tracking remember, these are not subject to any of those limit down figures which paused dow etf is down nearly 6% in the pre-market s&p 500 is down almost 6%. the qqq is down almost 5%. this comes after an almost 1,000-point rally yesterday. recouping the losses with he saw on monday after the massive new stimulus in the face of the coronavirus outbreak and slowing u.s. economy hopes around stimulus. boosting bond yields we saw some big moves in the treasuries the 10-year back above 1% at 1.95%. we have seen a steepening of the curve. check out moves of oil as well wti now at its lowest level since early 2
since february 5 and 6 that s right, it has been about a month and a half since february 5 and 6 for the dow and february 13 for the s&p 500. right now, it looks like the yield is at 0.858% andrew we have a huge lineup of guests today out of washington james bullard talking about headlines. tom barrack and former federal chairman ben bernanke. living through the crisis of 2008 and studying the great depression all of that coming up over the next three hours to the news that broke overnight. the white house and the senate announcing a deal. we ll get to leasteve liesman f more on that and eamon with more. it was in the 1:00 a.m. hour that it broke overnight. what we have here, joe, is a handshake deal we don t have a vote and we don t have the explicit text what we have is a deal here is how mitch mcconnell announced the deal at 1:00 a.m help is on the way. the american people are already rising to this great challenge the senate is about to follow suit we ll pass this