Good morning, everyone. Welcome to bloomberg surveillance. I am Francine Lacqua here in london. A lot going on, because we have Christine Lagarde testifying in parliament. We will bring you anything that comes out of it. The markets focusing on infections rising around the world. They are focusing around the fact that we could see a stimulus. Lets get to the markets. I dont know if we have them. If we do, it could be great, and it would be a good time to look at them. Overall,ok at stocks they are falling along u. S. Futures, tougher restrictions, progress toward a vaccine. We have plenty more of course on that. Astrazeneca at rising amidst positive news on its coronavirus vaccine. We are hearing from Christine Lagarde. We had an exclusive conversation days ago. The focus is on the need for a stimulus. The focus is also on the need for markets to do a little bit more. She said basically the ecb delivered in the first wave. She is talking about the physical packages, on course for a fis
Taking new steps to address income and equality and Environmental Issues and apples tarring 2 trillion stock getting a downgrade to fight through that record valuation. This is Worldwide Exchange here on cnbc good morning, good afternoon, good evening im Brian Sullivan you are watching cnbc. Futures are flat should pick up the next couple of hours well call it flat groundhog day for stocks on wednesday. Another day, another record. Six Straight Days of gains they went above 11,000 for the first time ever. Not to be outdone, your first session in a row this could be your rbi we have 17 s p 500 stocks up 50 this year. Lots have done that. This is up 50 on the year the single best performing stock is dexcom, a wearable device to track glucose. That stock has nearly doubled year to date lets get you trade to the top stories from the show that just ended moments ago. Amazing how quickly you do the turn around. Anything to make it on to wex. Looking at sterling. Rallied to a fivemonth high v
Have the numbers as soon as they hit the tape and show you the impact. Coronavirus keeping the c task force going indefinitely focusing on Vaccine Development and reopening the economy. Meanwhile some lawmakers looking to expand the Paycheck Protection Program and add more stimulus but others raising concerns about growing debt and deficit. Markets this morning pointing to higher opening. Take a look at futures, indicating market wills open higher in triple digits, dow up 3020 points, s p is up 41 and nasdaq higher by 138, one and a third percent, this after concerns of new china relations to china. Scope memo is out. Outlining authority to former special counsel Robert Mueller, it reveals probe went beyond and completely openended. The fallout coming out. People are working out and playing video games, pelaton surging 66 , the company boosting Sales Outlook and the stock flexing muscle as well. Stock up 17 in premarket. Fortnite becoming one of the most Popular Video games ever surpas
Steps. Morgan stanley and wells fargo join european lenders in pledging to preserve jobs during the crisis. Deutsche bank says it will pause future cuts amid its restructuring. Welcome to bloomberg daybreak europe. U. S. Futures on the back foot today after the best threeday gain in mere nine decades for the s p 500. The dow is technically in a bull market but it is 25 below the february 12 record. In terms of asia, a mixed picture. Following that emergency 75 basis point cut by the bank of india. A big drop in industrial profits in china. That is the news overnight out of asia. The 10year treasury yeild slipped five basis points. Risk off coming back into these markets after the powerful risk rally. We ask the question whether it is a bear market after the devastating rest jobless claims numbers, so weakness in the dollar. The dollar is hedging for its biggest retreat since 2009. Gold has its biggest weekly advance since 2008 after the effects of the funding squeeze and oil heading fo
24 hours. Larry kudlow says todays jobless claims figures show a big increase. The bank of england seen throwing holding fire for now. We have the Senate Passed the stimulus bill. That seems to be priced into risk assets. The market very much seeming to shift its focus to no Inflection Point in case the death toll worldwide. Green on the screen on the Msci Asia Pacific index overnight, but i mixed picture below the surface. U. S. And european futures in the red. The 10 year yield slipping seven basis points. In terms of g10 against the dollar, you are seeing the end the best performer. Commodities under pressure. Oil under pressure after a 9 gain over the past three days. Goldman saying even a halt in the price war cannot save oil from a huge glut in terms of their commentary on the oil market. They are saying crude surplus could be 14 Million Barrels a day in the second quarter. To get back to the u. S. Senate, it has passed a 2 trillion Coronavirus Relief package. The approval has co