Well. We are in a grimmer america and the trend we are seeing in this pandemic, what do you observe in london on this wednesday . Iancine more than london, wanted to give you context on the rest of the u. S. It is a different market in the u. K. , many more homeowners and people do not live as much as in the u. S. Paychecktopaycheck. In the markets, we do not know what will happen because all of the rent due in the u. S. In the credit markets, regulators are racing to deal with this. They have more than 1. 5 trillion in outstanding debt, something we need to keep an eye on. Tom emerging markets front and center. Right now, our first word news. Viviana President Donald Trump is largely giving up his optimistic tome and warns tone and warns the u. S. To brace for one of the toughest wretches ever. The corona stretches ever. The coronavirus could kill 240,000 people. Overw york, the death toll 1000, new york state reporting over 75,000 confirmed infections. That exceeds the place where th
Look at the brexit haunts, odds, what groups are affected by it. Take a look, we have the major averages of five better than 1 off the highs of the session but definitely reacting to this risk on sentiment that is due to come at least in part to what is unfolding in the united kingdom. If you look at the gains we are seeing, a pretty broadbased rally. Utilities is the only group down. Consumer discretionary, industrials, financials leading the gains with the cyclical groups leading the gains in todays session. Leading the s p to its best gains the best oneday gain in three weeks time. Automakers is a big part of the rally today. This appears to be what is going on in the u. K. This group is very currency sensitive. Because of all the volatility that has been attached to the possibility of brexit, that has not been good for these guys. Bouncing back our shares of tesla, rising today. Rbc wrote today it is more confident in their ability to ramp up production after a visit to its Product
Back to you. Betty weve got more on the markets. Tell us more about how the averages are doing. We are in the green. Lets go ahead. Lets look at the markets right now. The s p and nasdaq are all about flat. We had been higher earlier today. It looks like we are paring off some of the losses. We did see oil traded in the green. News of the u. S. Economy expanded, its at 2 on an annualized rate. Thes take a look at function on the terminal. Lets see how the sectors are performing in the first half hour of trade. Energy is of the most high 710 area 7 10 of 1 . Some of these losses are increasing information tech, securities and financials. They are down nominally in the negative 10th of percent or so. Lets go over to crude. Crude has been taking a pause from the fall weve been reporting. Traders are looking ahead to tomorrows eia inventory report. Rose 1 million. Supplies are 130 Million Barrels above the fiveyear average. Morgan stanley has said we are rebalancing and that might not happ
This is a day when you think about it more than 15 years in the making. The nasdaq on track finally to end the day in uncharted territory. Trading above its march 2000 alltime high. That close was at 4,0548. Set back march 10th of 2000. Were a little less than 16 points above that level. The other number were watching this hour the s p 500 also flirting with new highs. The previous alltime high on the left, 2,117. Theres the current level. Were flirting with that one. See if we can do that in the next hour. The markets very next direction could be determined by a huge batch of earnings after the bell today. It is highlighted by google Amazon Microsoft and starbucks. Well hear exclusively from starbucks Ceo Howard Schultz right after his numbers are released, bill. We have a lot of ground to cover this hour. Markets trading right now though, interesting pop midday. Pushed the dow up. It was up more than 80 points for a time. I think it was a 90point gain for a time. Now up 65 points at