Results. We will get congressional insight all morning long. We will hear from georgia congressman earl buddy and connecticut senator rand paul. Loss of 100 points on dow futures. Markets extending slump from yesterday as more lockdowns and the threat of them offset positive news on vaccines. Its also been a big week for retails, bjs and macys reporting this morning all the numbers as soon as they hit the tape. Working from home may not save you money. Why paying a new tax while working remotely. A little holiday decorating can carry you through some tough times making a buzz this morning. Mornings with maria is live right now. Dagen european markets feeling the sting of more lockdowns, red across the board in france, england and germany, all down about 1 . Mixed story in asia overnight with fractional moves there. Kospi and south korea shanghai to the plus side. Cheryl casone has all the news that you need right now, good morning, cheryl. Cheryl good morning to you, dagen. United stat
Americans and offered a more optimistic look on the outbreak. We see light at the end of the tunnel. Things are happening. It seems to be inherently contradictory, but it isn what you are hearing about potehe end of thoesnt torrownd the next day is going to look really bad. And the struggles continue for hospitals across the country. Many states are in dire need of more personal equipment. President trump says the federal government will have deployed 3,000 military and Public Health officials to the hardest hit states by tomorrow. President trump also says that there are more masks, as well as ventilators on the way to those states in need. Kumasi, back to you in the studio. The grand princess cruise ship will spend some time off the california coast to conduct routine operations. You can remember it sailed underneath the Golden Gate Bridge yesterday after it spent three weeks anchored. More than 600 crew members were released from a twoweek quarantine over the weekend. Two passengers
Report tomorrow will be backwards looking and will include the worst of the coronavirus outbreak, but gives ead before the pandemic hit us. Romaine youre talking 13 billion shares swapping hands, well above the average, but in line with where we have been. The sectors prior, energy, utilities, consumer staples. You strip out a lot of the names and we would be more flat on the investorst looks like will take it anyway they can get it. Today, they will take it. Strength, the bloomberg dollar spot index moving higher by 0. 5 . Gains inespite some the currencies overseas. In the treasury market, a modest selloff, but 10 year yields 0. 62, but that is where it has been for some time. Backet lets bring Stephen Dover with Franklin Templeton in san mateo. One thing is dividends, we have sectors,anies, suspending or halt dividends. One group that isnt are the big citigroupdman sachs, Morgan Stanley confirming dividends. That is in contrast to banks in europe. How much does that give them a natu
Here are the numbers 1. 15 and 1. 4 yep, im talking about the plummeting yield on the benchmark tenyear treasury where you only get 1. 15 return. And 1. 4 thats the apparent rate of the dreaded coronavirus. At least thats what we think it is whi while bond yields keep falling, now 1. 4 number is much better than 2 number weve been worried about with the outbreak. Which along with the treasuries this very afternoon is why the market was able to rebound today. S skyrocketi skyrocketing 1,294 the s p 500 surnling 4. 6 . The nasdaq 4. 49 okay i dont want to be simplistic here but this market is ridiculously volatile it is controlled by fear thats the physical fear of getting sick, the fear of a slowdown in commerce as people are becoming reluctant to go outside and the impact of that fear which is causing investors to hide money in safe haven treasuries which are giving now yield. That is driving the prices up and yields down. Now we have seen the most minute changes in treasury yields pro
That should be the basic ingredients of tax reform. First it should be fair to taxpayers of this country. The tax bill enacted two years ago was certainly not fair. It failed in that test. As i pointed out, who benefited . Well, large corporations benefited dramatically by this bill, but they said look, well pass it on to the workers. But did they pass it on to the workers . In 2018, 1. 1 trillion were used to repurchase stock to make the wealthiest even wealthier and did not go to the benefit of the workers. It benefited the greatest on the personal income tax side to the highest income taxpayers. They are the ones who benefited the most. It was not fair to middleclass taxpayers. Secondly, a tax reform bill should be fiscally responsible. After all, we have taxes in order to raise revenue, in order to pay for services so we dont borrow from the future for our children and grandchildren to pay for what were doing today. The administration said that this would be a fiscally responsible