120 reports are in, but next week is the big week for earnings reports. Yearoveryear Earnings Growth is down 17. 6 right now as we stand. The s p before today was down 13. 4 this year. He did make back some of that ground lost, but we will see what comes our way next week. The 10 year yield has been in its range as well. We have crude limits high for the week, but nevertheless, up and helping to send Oil Companies higher. Down 0. 4 , but still around 17. 25 an ounce. Lets get back to what is happening with italian bond yields and european bonds more broadly. Italian bonds catching a bid today. Are tightening up in germany as well, despite the fact that we have an s p rating review this evening and eu leaders essentially failed to reach a significant conclusion regarding funding, how they are going to fund europes economic recovery, and yesterdays video call. Are we overestimating the risk when it comes to italy and btps . Lets get a sense of where we are at the european economy. Peter
It is the new epicenter. It is spreading like wild fire. The Oil Price Wars raging on this morning. Saudi arabia says it will boost production to the max, 13barrels a day as russia is increasing production as well. Mornings with maria is live right now. All right, we want to start with Global Markets this morning. Ftse 100 up 50 points. Cac quarante up 83 82. The bank of england announcing an emergency rate cut this morning, 50 basis points, bringing that rate down to a quarter of a percent, thats from the bank of england. In ash overnight red across the board. Take a look at the story. Worst performer here was korea as well as japan down better than 2 a piece. Back here at home 10year yield falling, down another 10 basis points this morning at. 711. The countrys lockdown moving toward shutdown in italy. Signs more severe restrictions could be impose today stop the spread of coronavirus throughout italy and europe. New york is taking drastic measures as well. Creating a socalled contai
The bank robbery. The hostage situation unfolding at this hour. And your money tonight. Your credit card. And those points you earn. How to make them go even further. What we did not know. Good evening. And its great to have you with us here on a very busy thursday night. And we begin with that surprising offer today from President Trump when it comes to the dreamers. A pathway to citizenship. The president , the center of attention in davos. But late today, it was his team at the white house, making that proposal public. But what the president now wants in return. And the white house tonight acknowledging, theyre not sure this will all pass congress. Abcs senior White House Correspondent cecilia vega, leading us off. Reporter tonight, the white house handing those dreamers whose fate langs in the balance a possible lifetime. President trumps new immigration plan unveiled to reporters late today offers a path to citizenship to 1. 8 million young people brought to this country illegally
Ago. This is from a highway vehicle patrol. The officers were responding to a fire and had had no idea about the mudslides racing through montecito until it hit them. They were pushed downstream for 15 seconds before they were able to regain traction and drive to safety. Quite dramatic scene right there. We do have breaking news involving more fallout from the larry nassar sexual abuse case. The u. S. Olympic committee is giving the board of usa gymnastics until next wednesday to resign, saying they need a fresh start. This week a judge sentenced the former doctor to up to 175 years in prison for sexually abusing more than 150 girls and women. Among them was twotime olympian aly raisman who called out usa gymnastics saying it was an organization rotting from the inside. This monster was also the architect of policies and procedures that are supposed to protect athletes from sexual abuse from u. S. A. Gymnastics and the usoc. In the meantime, abc news learned that the training ranch in
Where theres you know, theyre used to a lot of cold weather. Theres a lot of soul searching going on inside the ioc. We have curling we have curling i watched that in person. It was very tense really tense once it was the eighth frame, they went up five points you sort of knew what was going on we had a guy sitting next to us doing his own play by play which helped in terms of some of the rules. Did you edit the Cross Country tape were you okay on this . I didnt fall so its like downhill kind of did you go up any hills its more like ice skating. All right welcome back. Lets check the markets after yesterdays 400point rally for the dow. The blue chips are up 10 since the lows of february 9th the nasdaq up more, its recovered all of its losses. Nasdaq 1 from its high that it hit back on january 29th the dow is still off by 3. 5 from the january 26th highs. Look at whats been happening this morning in the u. S. Equity futures. At this point, you can see where we are the nasdaq off by 1 th