With the hopes of going ahead. The Federal Reserve move made a turnaround. That led to selloff yesterday. Dow industrials down 582 points, nasdaq down 18 and s p lower by 67. Reports that u. S. Airlines are looking into voluntary shut down of passenger flights across the country this morning. We will take about it. Ceo of boeing David Calhoun joined me later this morning on asking for bailout, suspending dividend and foregoing his own pay and shuts down. Im going to have a report for you jpmorgan says theres a trillion dollars wait to go flow waiting to flow into stocks. President Boris Johnson putting people in lockdown and banning meetings of more than 2 people. Take a look at asian markets here. South korea doubling coronavirus package. Kospi index off 8 and a half percent overnight. More bad news on the chinese economy to report. Latest survey from china warning economy could shrink to 10 to 11 . Thats just the First Quarter for china. Take a look at 10year treasury rise and settin
Record that we saw back during the financial crisis of 2000, march of 2009. Jim, stunning though the number is, of course, we also have the stimulus or socalled lets call it more of a recovery act making its way through the congress the house set to act shortly on it were going to be joined by the treasury secretary, Steven Mnuchin, about 15 minutes from now to discuss that. And so many other things in the economy. What is at the fore of your thinking as we get started with trading a half hour frau noum . The gap we have 3. 2 million that file claims obviously, money comes for them, but i want to know date that the check is in the mail how it comes, how you get it, will it make it so that Small Business stays alive medium sized business stays alive, and is it enough to keep them alive for the pandemic . Is it one month, two months . How long does the 2 trillion last because this number is so big, and i dont think its peaking we have to be sure the American People themselves dont have r
Growth and increasing concerns about a slowdown in the countrys Manufacturing Sector. And shares in british Recruiter Hays a profit warning and Boris Johnson and Jeremy Johnson clash over no deal construction in their next bid to become Prime Minister lets start off by looking at how some of the markets are fairing. Yesterday in wall street we had a bit of a moderate session as the dow had its third negative session in a row s p ended the day moderately higher nasdaq up half a percentage point. Moderate gains for u. S. Equities asia pretty well mixed we did have the china inflation data coming out overnight. The ppi data had flat lined. As a consequence, we saw a little bit of weakness the shanghai down to the tune of 1 4 of a percentage point the theme in europe, we have stox down. 10 of a percentage point. Switching on though to look at the breakdown in the individual respective markets, and you can see that the ftse 100, which will come up in a second, is the relative outperformer a
Good morning and welcome to Worldwide Exchange. Im dominic chu. This morning futures are pointing to what looks like a lower open on wall street following back to back losses for all of the major indices. Russell 2000 coming off its worst day in two weeks now down more than 10 for those small caps from its recent 52 week high. And as you can see here, dow opened down about 118 points if the future losses carried through into the opening bell for regular 2r5idin trading. Nasdaq off by about 55 bond market still a focus. Around 2. 07 the two year treasury note yield covering right around 1. 91 as well lets thousanow go worldwide in the asian trade, nikkei a bit of a standout there up by with 0. 01 . And the hang seng and shanghai composite are off. And in the european trade, slightly negative sentiment carrying through but not for the german dax which is down even more than the other indices off by over 1 well get to one of the main reasons why that is happening with the german markets j
Attempt to quell protests, she said the controversial extradition bill that sparked the demonstrations is, quote, dead lam said there is no plan to restart the legislation and earlier work to amend the bill has been a failure lam suspended the bill but protests continued with calls for it to be withdrawn completely lam did not say that she is officially withdrawing the bill. She said the bill is in the coffin, the bill is dead and no one needs to worry that there will be any tactics to resume the bill in the lenggislative council term Richard Bransons Space Tourism company now planning to go public. That is according to a wall street journal report it will list shares as part of the deal with social capital company, spac. Weve talked about it in the past it was created by a friend of squawk box, spac will invest 800 million in Virgin Galactic, it will get a 49 stake. The stock market listing is expected to take place later this year. Virgin galactic so far sold 600 tickets to space at