The ceo that just passed warren buffet this is Worldwide Exchange right here on cnbc well, good morning, good afternoon and good evening from where ever in the world you may be watching. Happy monday its good to be back with you after a couple of days off and with all due respect to the bengals it may be another manic market monday. Futures up higher 125 points now speaking of earnings, investors dont seem to care major averages they have been on a tear the nasdaq 100 is up nearly 7 in just 7 trading days this month. With ten stocks in that index up more than 10 in july alone thats lead by the remarkable 43 jump this month. You have bank of america, johnson johnson, and all set to open up their books this week now to date more than 180 companies in the s p 500 have completely pulled the Earnings Guidance in the wake of the covid19 induced crisis. Wall street now staring at the widest dispersion in earnings estimates among analysts its all the way back to 2007. With earnings projecting
Reopening. We will speak with a Lieutenant Governor. She will be joining us. Partner chairman per perspective on the company front. We are getting some data right now. Existing home sales, monthtomonth on month, 9. 7 , that is significantly worse than the market was anticipating. This is the month on month number. The Economist Survey suggested the number could be 5. 6 . Set ofgnificantly worse data coming out of the u. S. Housing market. U. S. Sales coming through at 3. 91 in totality. So, the u. S. Housing market is in a word place. In some ways because of government assistance. We have not seen a collapse in prices. This is transaction. Prices are fairly buoyant. Later on this year, things could get trickier. At the moment, looking at the monthtomonth, that number worse than anticipated. Alix it raises the question, where do people want to live as areas reopen. New york, as we mentioned, and during the second phase. 300,000 more people returning to work today. Outdoor dining, and pe
4000 jobs worldwide. Good morning, everyone. This is bloomberg surveillance. I am Francine Lacqua here in london. We are getting data out of italy. A bit better than expected. Is worse than expected, not better than expected. Shrinking 5. 4 in the first quarter, also after it was revised from a 4. 7 contraction before. That is having an impact on the stocks, if you look at european stocks, they are down to 1. 3 , and if you look at u. S. Treasury yields, 0. 6 . You what is going on, the crude oil with the biggest advance on record. President trump has said u. S. Policy measures on beijings move on hong kong. Chinas crackdown as trumps friend to retaliate have further escalated tensions. For more on all of this, we are joined by our chief asia economics correspondent, and the koran. Enda curran. Enda, what are we expecting trump to do . Quiteit could be significant for hong kong, beijing, because the president has a range of penalties to choose from. He could impose sanctions against in
Do their own thing. The s p 500 up 0. 1 , the dow up 0. 2 , and the nasdaq down more than 0. 1 . Its high. Ff a little strengthening, and we now. T 7. 1612 spread atnbund 1. 86 . We will be speaking to the European Commission budget commissioner a little later on in the later of in the 11 00 hour. We will definitely be i had be asking about the euro stimulus. Matt the equity indexes continuing to rally is really the story here. They are doing much better across the continent and in the u. S. We are still looking at 1 plus gains on the broader benchmark stoxx 600 index. We have a more than 1 gain on the cac 40. And thes injects stimulus injection each day, the storyline the first day with airlines. Then was autos. Then it was the rescue plan. Now we are seeing the luxury goods makers doing well. 3 ,methods up more than carrying up to. 3 . Investorscally like think people are going to go shopping organ shopping again, or continue to go shopping. The euro gaining a bit of ground, over 1.
Firmly above 1. 7 . Andrew thank you. We have a crazy big show for you this morning lets just tell you about the lineup among the highlights, we have author ben measurer. Former of ceo of airlines. First Television Interview with the ceo wework in the midst of all of this big questions. Ceo of General Mills and then someone who never holds his tong, venture capitalist and investor coming up in the next three hours. We are going to do it. History in the making today. Central bank will begin buying etfs their Corporate Bond etfs but the First Time Ever. The idea is to be able to direct the money into the credit markets faster than by buying bonds. Reporting that the purchase about 250 billion of the feds 750 billion program inching closer and closer to stock etfs. Probably not a health of a buy on this buy owe tech etf we cant make that leap, right guys when you read this, werent you like, etfs it is not that favre a jump once i read it, instead of this bond, that bond, lets do it i unde