The great is slowing rate is slowing in the u. S. The virus is not helping australia and if barley has become a new flashpoint. Shery lets see how asia is shaping up. Sophie after a choppy week for asian stocks with the msci aipac index snapping a twoweek advance, futures are mixed but mostly lower going into chinas npc. Japan as well as thailand are going to publish First Quarter gdp numbers. Japan may have fallen into a recession through the yen trading steady ahead of the Asset Managers steady. The Asset Managers have boosted it five straight weeks. We will get policy decisions from thailand and indonesia when bets are raising that major Central Banks could be forced to embrace a good of rates. Theble under pressure after chief economist of the option of subzero rates was being considered among other unconventional policy tools for lets look at oil policy tools. Lets look at oil. Seeing brent gaining ground and of uti adding 2 after wti adding 2 ahead of the june contract expiring o
Its back, and the good news is that the protests, which were tangible, premuch remain calm. It was the most historic day of protests i have ever seen in new york, happening right outside my house, to be honest. There was a helicopter propped over my bedroom for a good 30 minutes as thousands of protesters went by come up madison avenue and up 3rd avenue as well. That wakes upca to a most difficult labor economy. We have had three days of labor the friday eagerly anticipated jobs report. Francine we have a lot of time to talk about america and the protests. To start us off with bloomberg first word news in london is dani burger. Dani as you said, thousands of people took to the street again across america, to protest police brutality. But there appeared to be less violence than there had been for several nights before. Curfews went into effect to stem unrest over the killing of george floyd, a black man in police custody. The pentagon is distancing itself from President Trumps warning t
Stocks really at their highest level since march. Kevin p, its maizing that this market sometimes you wonder whether the market has a pulse that it has this abilities to overlook all of these pulling at us and what were witnessing in our cities. Were in a very troubled time i get it however, every day the world votes, every day individuals make multimillion dollar and one dollar decisions one cent at a time and where do they vote for optimism in the future america. Thats why the markets are doing what they are doing. Its seeing through this the market knows we will solve this problem as we always have and move forward is that what this is about . An abilities to make a big bet on america and our future regardless of what is right in front of us at this very moment . That is pulling at us emotionally. Were able to look past all of that and thats why money continues to come into the stock market you can have any number of reasons to say this market should not be where it is yet we find o
Is time. A governor who doesnt want to see these businesses destroyed a person who has said, look, weve got the baseline we know what can go wrong. We have the ability to handle it medically. And initially when i saw this, carl, i said this man, this governor is a reckless fellow. The more i read his excellent speech yesterday, the more i realized the stakes are so high for so many people, im rooting for this man i think hes doing it in a way that makes me feel like if youre going to open it, open it this way i wanted to wait for the vaccines i wanted to wait for when we got s ser roll gist ologyists who coue antibodies it may seem illadvised, when you drill down to the speech he gave yesterday, i have to tell you, i was impressed i know everything has become politicized, but this is a man who is feeling for the Small Business people and recognizes theyre about to be done Scott Gottlieb on squawk this morning did say to him they picked the businesses most at risk and decided to open th
On this, and take the oil and find a place to ship it. That is proving to be a real conundrum for these markets here. There is a company, variety of companies that do this for a living including one called valpak. It has storage barrel systems i dont know what you call it all over the world, include places in singapore, rotterdam, theyre essentially saying there is no room at the inn. Weve run out of space for the space people are looking. Sort of a doubleedged sword here. The fears in the market they have not gone away. At love oil suppliers, their concerns have not gone away. A lot of wildcatters, smaller businesses if you take exxonmobils and chevrons out of this, to lesser extent occidentals host of others theyre still feeling the pinch. Not as much as you would think. Off lows early this morning but still down appreciably. So well be looking at the forward month contract where june is the most heavily traded at the moment. So we will keep an eye on that but we will also keep an ey