Confirmed cases. The country has extended its state of emergency through may 9. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. In new york, 1 00 6 00 in london, 1 00 a. M. In hong kong. Im vonnie quinn. Welcome to Bloomberg Markets. Here are the top stories we are following from around the world. U. S. Stocks are raising gains from what has been a recovery rally. The s p 500 was up almost 2 but losing ground now on a ft report that gilead, maker of remdesivir, may not be as effective. Jobless claims rising by 4. 4 million last week but a number coming in slightly less than expected. Total job losses now top 26 million in the wake of the coronavirus outbreak. In a few minutes, an exclusive conversation with the former National Economic Council Director gary cohn. You dont want to miss that. Lets get a quick check on the markets. 8 , p 500 is up just giving ba
Fourth positive session, up 2. 7 . Just the banks really are lower in the s p, a few oil companies. Crude oil trading down 6. 8 , back hello 21 a barrel. Back in itsyield range. The vix at 38 and change. Lets get a deeper dive into the markets with abigail doolittle. Abigail you were mentioning the gains in the s p 500, and certainly that is the case, a risk on tone from a stock perspective. Each of the averages is up 2. 5 . The nasdaq 100, make a cap companies, amazon putting in an alltime high, up almost 4 . Interesting, we have bonds higher, even as stocks are rallying, so that is something to keep in mind. Bank earnings were pretty disappointing with profits plunging and loan provisions on the rise. You were talking about how it is cooler today from yesterdays volatility. This is a year today chart at 90,highs, almost closer to when the s p 500 was closer to 2200. At this point, back below 40. It is worth noting, just a few months ago, if you talked about the vix at 40, traders and
Huge rally in the bond market. Huge inflows, onesided trades. Insatiable demand for yield. The message is that things are slowing down. Slowing down. Growth is slowing everywhere. Slowing Global Growth. The fed is not cutting fast enough to keep up with the falling growth outlook. They are actually behind the curve. Likely to be behind the curve. The market is crying out for more. We are looking at extraordinary times in bond markets. Jonathan joining me from london is james athey. In new york, greg staples, priya misra of td securities. Priya, what a month it has been. The 10year treasury, people forget, 2 feels like a lifetime ago. It was the end of july, where we started the month, and we are down near 1. 50. Priya i think it means it is a monster month for the entire rally, but what is also interesting, the curve steepening. We have had the 530 curve steepen out since the middle of last year. That also flipped in august. This was a bull flattening rally. This is the month where Inv
Are slowing down. Slowing down. Growth is slowing everywhere. Slowing Global Growth. The fed is not cutting fast enough to keep up with the falling growth outlook. They are actually behind the curve. Likely to be behind the curve. The market is crying out for more. We are looking at extraordinary times in bond markets. Jonathan joining me from london is james athey. Of aberdeen standard investments. In new york, greg staples, priya misra of td securities. Priya, what a month it has been. The 10year treasury, people forget, 2 feels like a lifetime ago. It was the end of july, where we started the month, and we are down near 1. 50. Priya i think it means it is a monster month for the entire rally, but what is also interesting, the curve steepening. We have had the 530 curve steepen out since the middle of last year. That also flipped in august. This was a bull flattening rally. This is the month where Investor Confidence in the trump put and the fed put were shaken. We realized that sort
Insatiable demand for yield. The message is that things are slowing down. Slowing down. Growth is slowing everywhere. Slowing Global Growth. The fed is not cutting fast enough to keep up with the falling growth outlook. They are actually behind the curve. The market is crying out for more. We are looking at extraordinary times in bond markets. Jonathan joining me from london is james athey. In new york, greg staples, priya misra of td securities. Priya, what a month its been. The 10 year treasury, people forget, 2 feels like a lifetime ago. It was the end of july, where we started the month and we are , down near 1. 50. Priya i think it means a it is month to month for the entire rally, but what is also interesting, the curve steepening. We have had the 530 curve steepen out since the middle of last year. That also flipped in august. This was a bull flattening rally. This is the month where Investor Confidence in the trump put and fed put were shaken. We realized that sort of the last