Not a surprise if you look to see whats happening with the shutdown of the economy, the forced shutdown because of coronavirus. Taking a look at the tenyear this morning, it looks like that is yielding about 0. 735 at least on the last time i looked at the boards it was. And then wti is the other big story today. Joe also mentioned opec plus deal it was an historic one opec and other nations agreeing to cut Global Oil Production by onetenth. Well talk about this in a few minutes. Wti is up by 1. 5 to 23. 11 a barrel. We have a huge lineup of squawk newsmakers including Mohamed El Erian, Richard Preston and dr. Scott gottlieb starting in a few minutes. Andrew thanks, becky hope everybody had a great weekend. Lets bring everybody an update on the pandemic. Of course, the number of confirmed cases in the United States now more than 557,000 and the death toll is more than 22,000 there are 190,000 cases in new york state with more than 9300 deaths that means new york alone has reported more
And we have video of the chinese communication has been an issue, tax reform is hard to vice premier meeting with u. S. Communicate. Dagen wrote trump is his own communicator, he is the best trade representative lighthizer communicator. Right now, only video, american maria see you soon, have a great day, varney and Company Begins now. Video of the meeting. Treasure secretary Steven Mnuchin joined for dinner, this stuart history about to unfold deal pauses tariffs Going Forward but still 250 billion on varney and company. In chinese import under 25 dignitaries assembled in the tariff and another 120 billion under 7 and a half percent until white house for the formal signing of the china trade deal. It will be quite a show. The president , Vice President , cabinet, members of congress, Top White House officials will all be there and so will phase 2. He will consider releasing chinas toplevel delegation. The vice premier, the commerce tariffs as part of phase 2. So theres, nothing to do
Matt we have markets sapped in terms of their rally stamina because of amazons profit. Seen int reduction have a couple of years. The reason is one jeff bezos promised he would be delivering since the ipo. They are investing for growth, spending 1. 5 billion dollars in order to get customers free one day delivery and market share. Nejra they are certainly delivering on that. That has helped sales, but not delivered as much as investors might want. Boris johnson wanting to deliver that election by december 12. Jeremy corbyn has said labor will not back in election unless no deal brexit is taken off the table. If johnson succeeds, he may push brexit through by november 6. The other Sticking Point is the to know more about an extension at the moment. The eu saying, we need more details about the u. K. Election. A little bit of a catch 22. Matt absolutely. It is interesting labor makes both of those demands. No deal off the table and wants to know about the extension is going to get from t
Structures have been destroyed including 133 homes. Good evening. While the official count of homes lost in the fire has increased so also has the containment and as we mentioned crews have made more progress and reports tonight that the fire is 45 contained and that is a significant increase from 24 hours ago when containment was at 15 . More than 76,000 acres have burned since the fire broke out a week ago. Right now more than 5000 firefighters from across california and other states continue to work to extend containment. Cars screamed into windsor another communities is the widespread Evacuation Order was lifted. City workers in windsor including the mayor greeted returning residents with cheers and welcome home signs and Evacuation Orders were also lifted for geyserville and santa rosa allowing about 100,000 people to return home. We are in downtown windsor. The people who live there on the outskirts of the city they returned home to find a very different scene. Reporter it is hom
Peoples republic with a deploy of military and economic might. President xi stretches national unity. Protests stresses national unity. Protests continue in hong kong. Manus very warm welcome to bloomberg daybreak europe. Moved the rba has moved and it is a dovish move. The aussie has dropped because the rba is ready to do more. Therein lies the point. There is more slack in the economy. I love the french from steven major. The Central Banks are first, at the front, ahead of the game on rates, ahead of the game on language. Have a look at the risk profile this morning, because it is all about the prism of fx and the markets. The dollar is up nearly 3 in the quarter, the best quarter we have seen since the middle of 2018. It would be for hearty and dangerous to bet on rate cuts to take the dollar down. Bmo says it is the most unloved rally and impeachment could draw it higher. Of course, you know, since the end of june, there is a discussion, the aramco story is front and center. That i