Tenyear yield has fallen below 1 . It dropped to a record low of just. 9 . Right now its barely above that at. 98 . Stocks made a brief attempt at rallying but then completely tumbled. The central bank said it was making a preemptive strike to stop the coronavirus contagion from affecting the american economy. The dow started swinging all over the place. More than 1300 points from a high of up 381 points to a low of a loss of 996. As you see, we are down 642 points. The s p is down 71. Of course, the nasdaq, triple digits, down 234. It all comes as President Trump right now is at live picture, right now at a roundtable at the National Institutes of health where he is meeting with all kinds of Health Vaccine experts at the research center. Hes going to then take a tour. Lets listen in. Hes taking q a. If it was necessary, i would do it. Yes. Reporter whats your timeline on further travel restrictions, mr. President . Well, we are looking at different areas and we will make that decision
Yields have picked up. Tenyear yield above 5 . That is a significant level. We touched briefly above that for a nanosecond last week. Since then, you have to go back to 2007 when you have seen yields at these levels. 5. 012 for the tenyear yield. By the way, check out energy prices. You will see wti which is off 33 cents. 87. 76. We have merger monday as joe mentioned. Look at what is happening here. Chevron buying hess in the deal of 53 billion. 171 a share. That is a low premium over the Closing Price for hess on friday. Hess shares are up 2. 25 . Chevron down 2. 9 . This deal comes just weeks after exxonmobil made its move to buy pioneer natural resources. Both stocks on the move. Hess ceo john hess will join chevrons board. I just got off the phone with mike wirth. Very low primemium on this. This goes back long before the rumors came out about exxonmobil and pioneer. That deal went through last week. A lot of people thought after the deal, that chevron would look for Something Els
Media animal celebrities yeah, you heard me right and the boss of the worlds Biggest Online pet sitting marketplace. Plus, your call is important to us. Please hold the line. Yep, im going to be catching up with the president of the Customer Service Tech Giant Salesforce about their latest ai chatbots looking to take the strain. Wherever yourejoining me from around the world, once again, a big hello and a warm welcome to the show. You know, during the pandemic lockdowns, more and more of us looked to pets for companionship and comfort, certainly spurring a huge surge in Pet Ownership in many countries around the world. And that surge created vast new opportunities for businesses that support our pets, from vet services to rubber toys. The increasing demand has seen the amount we spend on pets follow suit. The uptick in ownership, its come with a change in the way we treat our animals, with the phenomenon known as humanising. Yeah, thats treating our animals more like wed like to be tre
Hello. A very warm welcome to Talking Business weekly with me, aaron heslehurst. Lets go and take a look at whats on the show. This is wednesday, shes my three year old German Shepherd cross. Ive had herfor about two and a half years, since the middle of the pandemic, and i spend about £250 a month average on her, which is about 17 of my salary. Yep, the global pet industry. It has been booming as more and more of us spend big, pampering our pooches and caring for our cats. A surge in ownership during the pandemic has changed how we treat our Furry Friends, ushering in a new era of humanising our animals, with social media leading the pack. And its an industry set to be worth half a trillion dollars by the end of the decade. So im going to be discussing all of that with these two. There they are, the head of an agency representing social media animal celebrities. Yeah, you heard me right. And the boss of the worlds Biggest Online pet sitting marketplace. Plus, your call is important t
Through with pockets of fear. S. A. P. Shares bounce. The ceo outlines how integral Artificial Intelligence now is to that business. We are embedding a. I. Until the center of the Business Models of our customers to deliver immediate results. Our customers are paying for what they are using. Our model is flexible. Swiss pharma giant novartis boosts its guidance with the net revenue jumping 10 in the First Quarter. Our u. S. Colleagues will speak to the ceo later on today. And renault confirms the fullyear guidance after revenue jumps 6 in the First Quarter at 11. 6 billion euro. Good morning. We start the show today with breaking news when it comes to pmi data from the eurozone. Let me share the latest numbers with you. When it comes to the composite flash figure, it came in at 51. 4. That is above what markets were expecting at 50. 7. It is also an upgrade from the march figure. The overall composite number is coming in higher than what analysts were expecting. When it comes to the br