Try to stop the spread is taking a real beating. For the fourth week in a row, firsttime jobless claims were in the multimillions taking the total number to 22 million. Retail sales plunged 8. 7 in march, the worst ever in history of data. And the Federal Reserve reported Economic Activity has fallen sharply during the crisis. Mindful of the damage to the economy, President Trump announced on thursday guidelines to begin reopening the country soon, leaving the actual Decision Making to state governors. Meanwhile, the country is being subjected to what is essentially a rather pointless daily battle between the media and mr. Trump plaided out during his coronavirus briefings. Reporters seem to think that their main job is to apportion blame, and they spend endless hours accusing President Trump of failing to do enough to address the virus. And, of course, President Trump being President Trump, he accuses them of fake news, and he hurls himself back at them. A good example came monday in
Radical new look and power train for the mustang name plate a one on one with ford ceo jim hack et coming up. Saudi aramco falling short the company out with a new valuation thats less than investors were expecting as Worldwide Exchange begins right now. Good morning welcome to the show im dominic chu in for Brian Sullivan. Here is how your money and the Global Markets are setting the day up after the dow closed 28,000 for the First Time Ever on friday breaking above the key level just in the last few moments of trading on that day you can see there the time lapse of the moves this morning, stock futures indicating the dow will open up slightly higher. The dow is coming off its longest win streak since february the s p seeing its longest win streak in two years at that stage. As you can see the dow jones up by another 40 points if these gains hold into the opening bell, the s p up by 3 points and the nasdaq up by 17. If you take a look at the overall picture, also bonds a key focus as
Little love for libra. And how amazon plans to take on its new highend echo speaker. We begin with that fresh facebook news. The ftc has approved a privacy settlement with the social media giant, fining facebook about 5 billion. This marks the most significant axiom yet against facebook over a series and send the company reeling from one crisis to another. I want to bring in kurt waggoner, who covers facebook for us. He joins us on the phone. In washington we have naomi, who covers corporate influence. We know about the amount of the fine, tell us more about any other Additional Details that will be coming along in the settlement . That is the key. Facebook had said i believed it was in april they set aside 3 billion for this very purpose and the fine could be up to 5 billion. This was something the company was prepared to handle. They also made 56 billion in revenue. The additional will be the details on whether or not any agreement includes something that could limit the Data Collect
Did you spell Bed Bath Beyond wrong did you spell it ben the first time i wrote it. You say im a stickler for detail then they think i did this im like getting flack for something that you can you take it down ill talk to my people. U. S. Equity futures at this hour lets show you whats going on now. The dow looking like it would open up higher, 32 points higher nasdaq opening about 16 1 2 points higher. S p 500 looking to open a little over 3 points higher lets go over to asia. The nikkei off a bit the hang seng and shanghai are looking up if we fly to europe, we will show you what that picture looks like youre seeing green arrows across the board you would be happiest if you were investing in the index there in spain finally wti crude, buying it by the barrel, still over well, still way over 51 coming in on 52. 51. 74. Here are the big stories were watching our top corporate story. Shares of nike lower this morning. The Worlds Largest sports wear brand reporting a 24 drop in quarterly
Estimates in macau. Will this be another golden week for operators . Betty a lot of investors making their bets as well the u. S. Markets will continue higher. We saw that today. Might see this chart. I want to pull up g btv 1516, which shows you the Credit Suisse stop hedging index, otherwise known as the fear gauge. The lowest since february. Imagine that. This might geopolitical tensions coming upise what is from the headlines on tax reform, it looks like investors are pretty optimistic about the markets. They are not fearful at all, and you see the msci all country world index continuing to push higher. You saw that in the equity markets after the manufacturing numbers came out better than expected. Let us pull up the boards on that. Another record, up. 4 . The dow adding on 152 points. The nasdaq gaining ground,. 3 . No stopping this bull market, yvonne. Case. seems like the the big question is whether investors are pricing in more about reflation and the trump trade on tax reform