Skype today. You have a big day for the dow admittedly, were talking a lot about numbers in the last 15 minutes or so listening to Governor Cuomo go through troubling numbers in new york sta state. 37,000 total cases deaths up 100 in the past 24 hours. Lets keep everything into perspective as were talking about all this and thinking about the folk who is are hurting as a result of this virus. Tell me what youre thinking about today. Youre in the midst of a big day. Could be the best week for stocks since the 1930s yeah, my plan to take trades where i can get them super size core positions. On the show yesterday probably light exposure as the day went on when the market popped 5 yesterday, i found it troubling on top of the big move we had the day before i did take some exposure off late yesterday afternoon still, extremely well invested at this point where it was a week ago in terms of cash. Today were having another 5 day and im a little perplexed the vix is telling us, if its an accu
Us. Apple warnse, the path reopened after the super tuesday victories and what is shaping up to be a two man some iphones will be in short race for the democratic supply as Stores Slowly reopen in china. Nomination. First, the death toll from the that is up next. This is bloomberg. Coronavirus rising to 11 across the u. S. With california reporting the first death in this state. The fatality rate is 3. 4 percent, higher than the seasonal flu. Cases continued to surge in south korea, the u. K. 23 members of parliament have fallen no. U. S. Stocks rebounding, perhaps theing the rebound from surprise victory. Are expecting to see some decent trades some decent gains. We did have the new zealand Index Trading higher than more than hire more than 2 . Volatility is the name of the game. 1. 7 onhe asx slip by wednesday. It is going to recover all of that today. The nikkei also pointing higher. The nikkei broadly flat for the day. The cost fee looking higher by more than the cost be looking hi
The stoxx 600 flat, u. S. 10 year yields back to a level beside couple weeks ago at 1. 85, on the back of an easing of tensions regarding the u. S. And the middle east. Looking at brent crude, wayside volatile week, but ending friday at 65 and . 23. Coming up later, we speak with mary kudlow after the u. S. Jobs numbers are released, and that time. 2 30 p. M. London lets get straight to the bloomberg first word news in new york city. Bill begin with a brexit that clears the u. K. House of commons. It puts an end to the parliamentary gridlock that caused theresa may her job. The bill passes to the house of lords. Johnson wants it to become law by the end of the month. Federal reserve Officials Say policy is appropriate amid solid u. S. Growth, but there is a risk inflation that continues to fall short of the 2 target. The vice chairman telling the council on policy is in a good place. The fed leaving rates on its final on hold at its final meeting in 2019, signaling policy is on pause.
Big move. Key under performer is the small caps. Watching . Hat are you we had a small decline for major averages. For the s p 500, three down days. First time since early october. Lets put in context of the technical part we have been looking at for months. All, with the rsi going appropriately from overbought to oversold, then the range everyone was talking about when the range was breaking out, we have this multiweek melt up, but today, we have these three small down days. We may see the s p 500 move down toward its but 50 day moving average. Supporting a pause or consolidation. But there is an area here where it lifts up and down. We may be starting a new higher range. Speaking of higher range, a big day in oil markets. The most active west Texas Intermediate Oil contract, rising 2. 5 . Lateis the highest since september. Futures up 1 or more across the entire oil curve. The brightucers are spot today. Exxon mobil up 2. 5 . Xle, sp, you have , they arerry and mlp among the biggest
Financial sector to its part in fighting lemon change. Climate change. A lot of the focus is on trade or what will happen between the u. S. And china. Gold, always a good litmus test for risk. We can see the yield at 1. 85. Stocks gaining 0. 4 . A lot of focus is on earnings. Loose of ex conversation with the commerzbank she chief Financial Officer. Dont miss that conversation after 10 30 a. M. London time. First, lets get straight to bloomberg first word news. In the u. K. , the first cabinet resignation during an Election Campaign in a century. Quit after aretary report that he knew about a former aides role in the collapse of a rape trial. Ae labour party also suffered blow with deputy leader tom watson announcing he will leave politics after 35 years. He has long clashed with Jeremy Corbyn over the direction of the party. Willank of england probably keep rates on hold as brexit continues to plague the economy. It is expected to cut forecasts. Be nexttion is who will to lead the ban