Here are your top headlines. Blame game. President trump raised the prospect that china deliberately caused the coronavirus outbreak. This as the u. S. Pauses some tariffs for 90 days but not those on chinese steel or aluminum. Crude collapse. Wti sags to its lowest level in the 21stcentury on concerns that Storage Space is running low. The demand outlook remains gloomy. Signs of easing. Germany begins to reopen its economy as spain, france, and the u. K. Report the fewest coronavirus fatalities in weeks. Just under one hour away from the start of cash trading. Lets take a look at where futures are headed in europe. Futures are higher, whereas u. S. Futures are down. You can see the ftse 100 futures up more than 1 , as are the dax futures. S p, dow jones, and nasdaq futures, red arrows. Further away from the start of trade on wall street. It looks like we will kick off the week in europe higher. That divide between europe and u. S. Futures is interesting. We will watch that as we go th
That goes to biogen. But broadcom still up 2 . The 10 year yield, 1. 79 . Guy lets take a look at where we are here in europe. We are trading toward session lows when it comes to stocks. Also a selloff when it comes to the oil market. The stocks now down the stoxx now down 0. 3 . In italy, bonds have been out in front of the story. They certainly been taking a much more cautious approach when it comes to the trade narrative and the Global Economy over the last few sessions. Equity markets have continued to push ever higher. Lets get some analysis on where we are right now. Lombard chief ts economist, joining us now. I want to start with your view of the u. S. Consumer. We seen two big retailers out today, missing. The stocks have been pummeled. Are you worried about the u. S. Consumer . Charles not really, to be quite honest. Guy why not . Charles i think real income is going up at a reasonable rate. The savings rate is not going to suddenly thaw, and therefore the consumer plunge, unt
Life on 9 11. Rick earned the silver star and the purple heart for his service in vietnam. He later became the Vice President for security at Morgan Stanley in the World Trade Center. On the day of the attack, rick died while leading countless others to safety. His selfless actions saved approximately 2700 lives. Today i am honored to announce that we will soon be awarding rick the president ial Service Medal for his extreme area sacrifice. Though for his extraordinary sacrifice. Though rick has left this earth, we will ensure the memory of his deeds will never, ever be forgotten. His memory will forever indoor. Will forever endure. Thank you. Thank you, rick. [applause] pres. Trump thank you, rick. Here on the western side of the pentagon, we saw brave men and women rush into the fire and race into the scorching flames to rescue their colleagues. When people seeks to do us harm when people seeks to do us when evil seeks to do us harm, the incredible men of the the incredible men and w
Index is up 1 today as well. Key banks saying memory chipmakers are possibly on the rebound come so that has some rallying today. So that has semis rallying today. Its get to our guest, Charles Dumas of ts lombard. What will mario draghi announced tomorrow . Charles i think he will come through with some further 10 basis point move may be on the negative rates, from 42 50. 40 to 50, and with tiering on the banks. That is the important thing. Theres also likely to be a revisiting of quantitative sing, for which theres about , yeorth of scope Something Like 30 billion a month. Vonnie weve been hearing from strategists and economists that say there is really not much that that kind of easing will do, that that kind of stimulus, and even earlier on, our guest took exception to the word stimulus, saying this is not going to stimulate european economy. Charles i dont think it does. I think your guest was correct. The basic point is for 10 years now, or at least since 2011, the euro zone has
Patriot Missile System from radiant. But as a we have from raytheon. Wonder how much trouble i will be in if i keep using the pound. Equity markets being patient ahead of the federal reserve. All the major averages unchanged. Flat forll it, mostly the day as we await the 2 00 p. M. Decision. It is all about the bond market. Take a look at the threemonth 10 year, 20 Straight Days of inversion. But because we have a list of yields on the long and, instead of 20 basis points, we are now only about 12 basis points on the threemonth 10 year. You had trump treating to mario draghi about not weakening the to mario draghi about not weakening the euro. Guy we will wait to see what f the central bank low signal, will it be a willingness to cut rates, maybe not today, maybe the next few days . Mas,ing us is charles du chief economist at ts lombard. What do things are chance is the fed comes out in signals that the market is right, we need to lower significantly and get on board with this idea. A