Tom we see that within our data. Yields lower, curve flattening. But i really note the commodities ace that the commodity space, the linkage to em, the faction yesterday, all of those tied together. One of the great barometers is west texas intermediate, trading , at a 20 price. Francine . Francine i have a similar data check. Taking a tumble after regulators pushed to access payouts. No payouts, no dividends. Stocks falling in europe. Investors are looking at the worsening america coronavirus figures, pretty horrific numbers that we heard from dr. Fauci and President Trump yesterday, and they are trying to assess the impact of the pandemic on corporate profits and dividends. The dollar climate with treasuries. I am looking at a couple of other things. Withe dollar climbing treasuries. I am looking at couple of other things. Economists are becoming less convinced about the potential for a strong snap back and growth. Saudi aramco you were mentioning it the oil supply surging above 12 M
Stunner. A landslide electoral victory for the Pro Democracy Movement has asian markets soaring as a smashing success elon musk taking a victory lap as preorders for teslas cyber truck come rolling in. Worldwide exchange begins right now. Good morning and welcome to the show im dominic chu in for Brian Sullivan its monday, november 25th, 2019 your deal of the day lvmh buying tiffany for 135 per share in cash after weeks of speculation, much more on that deal coming up but as you can see here, both stocks reacting well stock futures incaindicating the dow will open up by 80 some points this after handing in its first worst Weekly Performance since around early october, but again the dow jones had opened up by 88 points. The s p by about 10 and the nasdaq by 32 if these gains hold into the opening bell for regular cash equities trading. With regard to the bond market, look at that as well we are seeing a bit of movement there to the upside for yields the ten year note yield 1. 75 note yi
But the bond proxies are back and they are big, the car sector an similar stories like that are selling off. German tenyear yields catching more of a bid. Something i want to highlight this afternoon is we are seeing emergingmarket currencies being sold off, including the russian ruble and the south korean south american rant. South african rand. For a bloomberg scoop, sources saying Chinese Stateowned entities are in talks to invest 5 billion to 10 billion in aramcos ipo. This comes as saudi arabia seeks commitment from friendlier governments to shore up the sale. We are joined now by our bloomberg reporter. How much is this impacting u. S. Markets and analyst today who might be interested in the ongoing deal . We knew this was going to get attention from a lot of the big sovereign wealth funds, they were going to be the folks to put their money behind it. This is a huge deal for china. Most people want to wait to see what kind of dividends saudi aramco is going to have. They have com
Around as much as equities. Oil may put in eight straight weekly losses. Weve not done that since the 1980s. Hp out with results. Sales force ceo calls it the best quarter ever. Find out what else he told cramer last night and fedex launching a 4. 8 bid for a buduh rival. You were not supposed to be here today, but you had the day off. But its important enough to see how this goes down, at least in your mind. I think people are trying to revalue equities. I want to help people. Im not so selfimportant, but i think it is an important day, and i think its one of the things where i think a lot of people are just giving up. A lot of other people are saying theres no price to pay for anything. Its not a great time for the market. There are things that are happening. While its not a great time, the dollar is getting weaker. No one talks about that. When commodities come down, then you can see the notes today, vf corp. , thats a winner. Pepsico is a winner. Sales force doing a good number. Hu
It s been closed for inspection well. And if the ride looks familiar, box s because we have one of them at the santa cruz board walk, and its been closed for inspection in light of what happened. Spersoy areas bob riddell live this morning, and bob, rides e st these are closing around the country right now. Reporter good morning, sam oth vickie, normally you see a entg line of teenagers lined upside the fireball. As its supposed to be opening o a t now. From u can see, today, it is alksed, a spokesperson for the honta cruz beach board walk tells us that cal osha emailed de m and other parks in the as e to shut down their some all ride immediately and ake sinitely until further notice. The board walk fireball ll laction and the fireball ride that failed in ohio were both we factured by kmg, thats the rimpany out of holland, but there is a key difference. The santa cruz version is a as manent structure, the one in ahio was portable. T itd be broken down and s todported to a new location.