Republican leader Mitch Mcconnell says President Trump is right to protest the vote cap. The u. S. Sanctions more people in hong kong over chinas increasing control. Washington has suspended its treaty with hong kong and ended reciprocal treatments on shipping. Haidi lets take a look at this market situation we are setting up for. It is firmly risk on after all the really bullish view overnight on account of the high efficacy from the biotech vaccine. Asx 200 trading higher by 1 10 of 1 . It is a handful of asiapacific markets there is or going into overboard territory. One of those is new zealand. We are seeing kiwi stocks of about 9 10 of 1 . We have the rbnz decision ahead of us this week but that market is up now for six consecutive sessions. Nikkei futures reversing pretty dramatically at the moment. Above looking at opening 25,000 for the first time in 30 years. Trading at thell highest since november 1991. A quick look when it comes to u. S. Futures as well. S p active futures u
Support. Welcome to bloomberg surveillance, im Francine Lacqua in london. Lots going on on the markets. Lets get straight to what the european stocks are doing. Down 0. 5 . Stocks are falling with u. S. Futures, as well. Oil dropping below 40 a barrel. Economicl says the rebound likely needs more support and that leaves a lot of questions about what Central Banks could or could not do. To have ans good idea of what is going on with the german economy, the german Business Confidence index aligned with expectations. Get straight to the bloomberg first word news in london. Leighann gerrans. Good morning. Protests in louisville, kentucky. One officer is undergoing surgery and a suspect is in custody. The latest violence was sparked by a grand jury decision not to file murder charges against Police Officers involved in the Fatal Shooting a Breonna Taylor. One officer faces a lesser charge of wanton endangerment for firing into neighboring apartments. Itsu. K. Is considering first vaccine st
Shortly. Onhave got hopes of progress a vaccine and signals that they are making progress in terms of the u. S. China trade tensions. Both of those really firmly supporting the risk rally that we are seeing. Let me show you the state of play with the stoxx story. The back ofming off record highs in u. S. Stocks. The good times might not last, according to morgan stanley. They are saying the market is vulnerable to shocks, especially rising rates. Treasuries are on the back foot as we speak. We are looking at a weaker greenback. 830. Dollar at 1. 1 yeah,ps a little bit of a strange one given the wider risk appetite. The folks at pimco saying the gold rally is it played out yet is not played out yet. They believe gold remains attractively valued, especially in the context of low Interest Rates. Here are some of the stories we are watching. Both of the u. S. And china are seeing progress under their phase one trade deal. They are committed to the success of that. Senior officials from the
Nation to closer to fulfilling her uncles dream. Ibm getting out of facial recognition business saying it could be used for good more than evil. The tech giant warning of dangers of technology. This is big news. Well have a whole lot more on that and more on making money. Charles all right, folks, nasdaq crossing the 10,000 mark for the First Time Ever but today well its clear that the overall rally is a little bit tired. Maybe looking to take a break, consolidate some gains. On that note we are seeing yellow flags of excess, speculation like massive call buying. Also running up shares of bankrupt companies. One was up 1000 . Theyre bankrupt i will say those i think are shortterm yellow flags. Nevertheless lets get the read from Capital Wealth Planning chief jeff saut and alicia levine. Jeff, i got to start with you. Youve been bullish throughout all of this. Youve been completely right. Is there a sense maybe the market has come too far too fast . Well we had a buy signal on march 24t
By the end of the week, there are more than 4 million tests made in jurisdictions across the country paid one million are already in place. Thanks to the work of the commercial labs President Trump brought together yesterday, mab core and quest are in the processed of distributing and marketing coronavirus tests all across america and we are working with state and local officials to ensure that that happens as rapidly as possible. Is expanding, we want to make sure the American People knew that testing was available to them and that costs would not be a barrier. Today, President Trump assembled the Top Health Insurance executives in america, and as we announced earlier today, all of our major Health Insurance companies have now joined with medicare and medicaid and agreed to waive all copays, cover the cost of all treatment for those who contract the coronavirus, have committed to no surprise billing, and they have committed to encourage telemedicine. It was a year ago that medicaid ex