A couple of days on the holiday and we are seeing assets catching down, what weve been seeing most of this week. The csi 300 down. 6 . A lot of focus has been on the renminbi. Fixed slightly stronger, but marginally. Perhaps it has limited the volatility. Weve seen implied vol spike for the offshore renminbi. We are seeing a bit of spread between the onshore and offshore. The onshore at 7. 0 632. We are watching hong kong as we slowly return back to normal. Weve heard from carrie lam that they will open gyms, theaters, massage parlors. 123 in hang seng, up points. U. S. Futures, still heading lower and nifty futures. We will see it seems more troubled when it comes to the indian reopened. And theylot of brawls are slapping a huge tax on liquor sales too. Tom lets get more on the Market Action with Mark Cranfield in singapore. The question of the day on the mliv is how important is trade for these assets . 10 investors look past the tensions between beijing and washington . Maher it wil
This of course, the saudis are flooding the world with oil right now. The russians, its not clear where the heck they are because theyre very secretive, but i know who is not there, the drivers. Theres very little demand david and i talk about this with you all the time, carl theres this overall sense, you know what, if we just get things moving, things will come back again. We need customers. We need customers to get their hair cut, to go to the dry cleaner, the restaurants, and we need customers on the road without them, i really dont care what president calls who, you need a tariff to keep the to keep the saudi oil from coming here, and you need the chinese to restockpile, and frankly, thats still not going to be enough to be able to make it so oil real demand goes higher good point yeah. Sorry, carl. 6 Million Barrels a day, jim, is what im hearing right now as we still try to adjust. Even know we know each others cadences so well 6 Million Barrels a day here and its not just not j
The likes of which they have not seen since 1933, in the midst of a downturn for the month, the likes of which we have not seen since 2008 here we find ourselves this morning looking at a market that will open lower. Your thoughts . You go up 19. 9 in the s p, you can have two thoughts. One is that was the greatest bull market ever the other is, boy, is this market dysfunctional were not moving the way we should theres very little volume yesterday the machines took the dow up 500 points in the last 20 minutes. Im keying on oil. I think oil is something that the algorithms are keying in i wish there wasnt algorithmic trading, but its here to stay the quants are in charge you know, lets bring back the smith corona typewriter. The quants are in charge, they took it up and now theyll cashier the market and cash it in lets come back to oil for a second it does get lost sometimes in all of the volatility were seeing and our focus on the economic crisis, on the Health Crisis, on the equity ma
Breaking news out of San Francisco. Crews are on the scene of a large fire in the castro. The fire is on castro street. We are live at the scene where two people have been hurt and there are a lot of others forced from their homes. Reporter good morning. I do have some good news. The fire is not contained but so a very heavy San Francisco Fire Department here on castro street. I will step out of the way so you can see whats going on. There are firefighters inside of these buildings who have been damaged by the fire. They are going through and investigating they tell us the Fire Department says anytime there is a fire of this size they have investigators out here to look at everything. We dont know up anything criminal went on and we dont know what started it but we know they are investigating heres once it fighters up there are a lot of firefighters standing by for the word to be let back inside. Two people are injured, one person was taken to the hospital to be treated for smoke inhal
Petaluma Factory Outlet saturday night when Police Responded to reports of a shooting. And crash officers found this car smashed invent up on the sidewalk. The accident scene now a crime scene the driver shot at thwheel police say i thought it was crazy crazy is like. And i have no idea what. Whats going on is a place that people go to shop with the kids and that with their families of you know its definitely not something that you expect coming here. Police blocked off part of the outlet mall leaving shoppers and employees on able to get to the parking lot as investigators canvassed the area for evidence its pretty crazy that happened in petaluma i was really surprised that happened in this town out of all the towns possible second cummings worked at the mall that was off that night a bunch of my friends were working here. I have like 10 friends who work here i like fold really like nervous for them because i do in such a difficult situation sunday was business as usual shoppers. We s