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
Website r t v dot com we will be back in an hours time with a full world news update in the meantime though it is the big picture stay with us. A lot from rhode island where i live like you probably are were sticking close to home riding out the pandemic and while there are worse places to spend your summer than the great ocean state i miss baseball i mean going to games we can see games but theyre in empty stadiums with fake crowd noise and fake fans and cold plus players are disrupting team rosters and whats going to turn. Out of being an asterisk season meanwhile were seeing hockey and basketball played in august some College Teams have already started canceling their seasons what of the n. F. L. Lets go to sports h. Q. At least remotely and ask steve crist aco steve welcome to the big picture. Good to be with you alan thank you. Although our world series champion Washington Nationals were deprived of a standing o. To get their rings of proper homeowner i did read with interest that
You could have picked any number of days to make this kind of call. Why was today the day you did it the stocks had a tremendous run, as you just we wanted to get through earnings to make sure our thesis didnt change. Our price target was 900 coming out of earnings and our perspective is the stock seems to be trading in the 1500 range which we find very difficult to justify unless we really make huge assumptions at this point were not comfortable making those assumptions. You admit today that trying to call the direction of the stock could be a fools game tesla shares are positive. Why bother trying to make call like this in this kind of a market its really not a call that the stock will go down in the next month or two. As anna agnalyst we set ratings. Objectively when we look at various scenarios for the stock and say what do we think is realistic price target based on those assumptions its 900. Its just a disconnect we move to an underperformer equivalent of a sell rating. Look, its
Us. Im can why im palmore Governor Newsome today outlined a 4 phase process to returning from the stay at home order adding that the first steps are just weeks away. This as coronavirus cases in the United States surpassed a milestone today, the 1 million mark on april the 10th there were 500,000 cases that number has doubled in the past 18 days across the nation. The virus has also killed more than 58,000 people across the country thousands more americans are projected to die because some states are starting to reopen some think too early. A new model project 74,000 americans will lose their lives to the virus by august. That projection is by the university of washington and it shows an increase in deaths because people in some states are going out again and spreading the virus. Thats also causing longer peaks of the virus deaths in some states. Last week this model projected 67,000 deaths so the project a death toll has gone up by 7,000 here in california there are more than 46,000 c
Parks ride there is a catch though you can only go to parks within walking or biking distance from your home and that means no cars will be allowed in the parking lots and revisions to park closures do not include coastal beaches parks as kron fours taylor the psac ii explains this is just one part of the loosening of restrictions to come to Sonoma County over the next week. On wednesday. Modifications to sonoma counties park closures will take effect. Residents will be allowed to walk or bike to parks from their homes but still driving to the park is not allowed by tomorrow you can you can visit some of our parks here in summit county. Not all nothing in the coastal zone. Parking lots will be still will be and it really only those parks that you could walk or ride to so not accessible to quite all Sonoma County board supervisor david rabbit says. Playgrounds restrooms picnic areas in sports courts will remain closed. However other changes will follow as part of a new water which will