Be risk on. The cash trade, less than an hour away. Here are your headlines. Big attack its even bigger. Alphabetacebook, and tune to techsumers to solve the problems of a global lockdown. The French Economy shrinks 13. 8 or after an increase in jobless claims shows the recovery is in shaky ground. Ibar, bnp arab are par beats all but one of the big wall street banks. Just an hour from cash trading. Lets look at futures. Futures futures, u. K. Are down but only slight moves. Nothing material. Nothing to show us what kind of direction we can expect. Futures right ww, if you take a look at the eif screen, also slightly mixed this morning. Of working slew earnings news. I will kick it off right now with natwest. Impairment charge of 3. 54. 5 billion pounds. Expecting less than one billion. In the Second Quarter, more than doubled the impairment charge for the full year. The company expecting at least possibly up to 4. 5 billion. The operating lost was 770 million pounds. Have iag asyou we
We are tracking the increase and the rate of increase of new cases at the county level. We currently have 130 counties out of the 3100 in the u. S. In that category. This level shows you case positivity by the metros and the number of tests that have been done. This shows the change over time of test positivity and the largest metro where we have concerns. Phoenix, houston, dallas, san antonio, orlando, riverside, california and then to the bottom. This is how we continue to integrate data cases, data on testing and on hospitalization so we can work with the states for comprehensive integrative response. I know many of you would be interested in seeing how high test positivity became. March and april, the top line is new york city metro and you can see it reach over 50 on a series of days for almost two weeks. 50 of the tests were positive for covid19. Under that, you see new jersey and minnesota and a series of individuals. Detroit is the second one. To show you how you look at the st
Briefings this was held at the department of health and Human Services not at the white house the briefing was held after the number of new coronavirus cases in the United States, hit an alltime high of 40,000 today. I think what we are missing on this is something that it is not just isolated to you because if you get infected, you are part innocently or inadvertently, propagating the dynamic process of a pandemic. Because the chances are, that if you get infected, that you will in fact someone else. You may feel well. 40,000 new cases today making the total case count in the United States more than 2. 4 million and as cases surgeon some states there are nearly 2 and half million coronavirus cases again here in the United States more than more than 124,000 people have died from covid19. In minutes we will bring you the governor speaking live as he updates the states response to covid19. We do know the number of new coronavirus cases and hospitalizations continue to rise in california,
Yesterday. Nasdaq down 2 yesterday dow futures indicated up about 26 points, nasdaq up by 30 and s p up by two. The 10year is yielding 0. 667 andrew we have news out of washington to tell you about democrats unveiling a new 3 trillion spending bill including another round of stimulus checks up to 6,000 per household and extending the weekly Unemployment Benefits that would go through january including 107 trillion to stabilizing rent and mortgages and a cap on state and local tax reductions for 2020 and 2021 of course returning the tax bill that hurt hightaxed blue states that hurt them the hardest saying the relief bill is a big ticket for a big problem House Minority leader called the bill a waste of time and an 1800page of liberal wish list with no chance of becoming law the fight begins the latest update on the efforts to reopen america. California governor announcing next phase of opening including some malls and museums offices that cant telework would be allowed to open with saf
Gilead sciences, as you heard from maria, positive news from a government trial of their remdesivir and also from two of their own trials. Positive news on a treatment. That sent futures straight up earlier this morning and look at the stock, also straight up, 6. 8 . Thats the effect of this effective trial of remdesivir. Up go futures, up goes gilead stock. More on this in a moment. A second reason for the dows gains, investors expect a strong recovery for the economy starting in the summer. The market always looks to future conditions. Theres a third reason. The Federal Reserve is likely to say today they will do whatever it takes to stabilize your money. Wall streets expecting more stimulus. The dow will be up close to 550 points at the opening bell, close to 2 . The s p up 2 . The nasdaq solid indeed, up over 2 . We had boeings numbers out this morning. Continuing problems, but its cutting 10 of its work force and investors like that. The stock is up nearly 6 . Okay. More on all th