Worn surging numbers may undermine a Global Recovery. Plus, we discussed prospects for the u. S. And the wider picture with the atlanta fed president , who joins us this hour. Haidi lets look at the sydney staggered open, the friday session muted compared to the street we have had in asian stocks, asiapacific stocks seeing 13 consecutive days of gains broken by the thursday session, the longest winning streak since 1988 coming to an end. A flat stock a flat start in sydney, kiwi stocks up, muted start in japan spite heavy inflows of foreign buying. We are seeing a further downside when it comes to trading in the futures session. Getting secretary mnuchin speaking at the moment. He is speaking in an interview with Bloomberg News, saying financial conditions are quite strong, that companies that are need grants,covid not that. We heard secretary mnuchin earlier asking the fed to return unused coronavirus money. We will get you more as we get those comments. This is coming at a time when
A no deal brecks it has Spokes Person claims talks with the e. U. Are over French Police opened a terror investigation after a teacher is killed in a knife attack in a suburb north of paris. Arrested on drug charges mexicos former defense minister is taken into custody at los angeles airport and 10 scenes outside a south African Court where 2 black men are accused of killing a white comma. Hello welcome to the news hour we begin in thailand where police and antigovernment protest as a force in the center of the capital water cannon was used to break through a barricade set up by demonstrators in bangkok for a 3rd day in a row now thousands of people defied a government ban on gatherings that calling for the Prime Ministers resignation and they also want unprecedented reforms to the countrys monna came. Hyder a ports now. Face to face in bangkok antigovernment protesters in tahrir police got into a violent confrontation 3 months to make. The mostly Peaceful Demonstrations started in jul
Points right now down more than 900 following yesterdays huge lerelief rally and that fear bleegd into the bond market. The ten year yield hitting a fresh record low breaking below 0. 9 . Thats a staggering move right now, at 0. 928, but it was lower than that earlier, we now have about 177 cases of coronavirus in the United States as the cdc begins to roll out more testing across the country. Washington state dealing with the largest outbreak so far. Cases doubling in new york well tell you how bad things could get as power lunch begins right now thanks, ty and im kelly evans. Were all over this virus volatility today our Team Coverage of this market sell off rolls on as coronavirus grip wall street once again. Bob pisani is track iing the action at the nyse for us. Rick santelli watching these amazing moves in the bond market meg with the latest on the outbreak and Steve Liesman digging into a potential credit crunch coming for corporate america. Bob, we start with you the debate has
Half a dozen fed officials speaking today as the growing rate debate simmers. Speaking of the fed, two perfect guests, both officials who served on the fom, Sarah Bloom Raskin, coming up before the close today. Joining us final hour of trade, josh, nice to see you. Happy to be back, sara. 212 point rally here. Are you buying into it i think whats interesting, the answer is yes. I think whats interesting weve done nothing, given headlines, back to early august, essentially flat im not suggesting thats a bad thing. In fact, bulls would say look how much is thrown at the market in the form of tweets and deals and nondeals and fed volatility. In the meantime, yields havent even stabilized. Yet were still hanging in at these levels i think whats important, give the edge to the bulls. Weve been testing resistance in this range the upper side of this range, more than weve been testing support. So slight edge to the bulls. You look at xly, xlk combined sam will probably correct me, probably 30
Seth is the director of transnational threats project at the center for strategic and international studies. He would we followed by William Ruger the Vice President for research and quality at the Charles Koch Foundation and gil barnes follow, the director of minner east studies at the center for interNational Interest. We are looking forward to a lively and even contentious discussion today. Seth has assured me that even though he will be followed by two speakers who may take issue with some of his stance that he also does possess a second strike capability. I will allow seth to begin the proceedings. Thank you very much jacob. This is an important discussion to have at this time. I think it will get even more important over the next several months. I did not title the peace in the National Interest but i think it is a great summary of the issue, withdrawal pains. What i would like to do is provide a bit of a contact for context for this issue. Including some of the growing number of