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A food delivered. Its good to have you with us after weeks of lockdown borders are starting to reopen across europe the European Commission has unveiled a plan to revive the battered Tourism Industry and make it possible for people to take a Summer Vacation at the same time the German Government has announced that it will begin relaxing border controls with other e. U. Member states starting this coming weekend. Border checks were supposed to be a thing of the past in europe change in zone germans were used to freedom of movement but the coronavirus put a stop to that cross border travel to neighboring austria switzerland and france was limited to those with an urgent reason to move now the interior minister has announced a road map to get the roads open ....
The omega Family Office. Nice to see you we just welcomed a conversation on stage. You just heard the Vice President who is on stage now describe the economy as booming, the stock market as near record high the fed cut Interest Rates yesterday. All makes a lot of sense. The administration wants even more what do you how do you make sense of it . Look, japan has had negative Interest Rates for 3 1 2 years what has it done nothing. Europe has negative Interest Rates. Their economy is doing very poorly the Vice President cited a bunch of factors, in of which on my list, Consumer Confidence is up, ret ....
Chip stocks soaring as President Trump eases the ban on huaweis purchase of u. S. Products. Weak manufacturing and Construction Data keeping the gains in check today joining us for the hour to break down the Market Action is lindsey bell from cfra good to see you again. Good to be here. Feels like a market that had a lot of good news baked into it already. Yes it did. I was surprised we held on to the gains for as long as we did. I thought we would get a sell the news type of thing sooner. I think the weak Economic Data not only here in the u. S. , but also in europe and china, really gave the market what they wanted in the terms of the potential for a fed rate cut next month. One day phenomenon or does this selling have some staying power . You know, i got to say ....
Yesterday . What did you think . Weird, right . What you are talking about . Went all the way up. Yesterdays session . Yeah. What happened midday that knocked that off . They thought it was the ap story about trumps tax plans, how theyll scrap it and start all over again. I dont know. During the day, the guy in north korea said were this close to nuclear oblivion, the markets just tread water. But then the tax plan. Syria saying, yeah, russia said one more move, were at war. And then the futures didnt move. But then they said something about the tax plan, could be a week late, the markets moved. Thats very telling. How do you price it in . You can kind of when the world ends, it doesnt matter might as well trade until it does. Flight to safety. Im in safety. It doesnt matter. Even oil, with everything happen. When music is playing, you have to dance. Quick heck on whats going chec in europe and then oil. The dax down a bit. Cac, we will call that flat. Virtually unch. It is unch unch. ....
Good morning. Welcome, everybody. Lets begin with developing news this morning. A tsunami threat to tell you about was just lifted in japan. The country was rocked by a powerful 7. 3 magnitude earthquake. It hit off the coast of tokyo. The buildings there shaking. You could see some of the video showing the degree to which they were shaking. Alex, whats the latest . Reporter it has been a very, very tense few hours here in japan after you mentioned a 7. 3 magnitude earthquake striking late here in the day on friday. But just in the past 90 minutes or so, the all clear has been given. The tsunami warning has been lifted. Thats great news for the people here. Theres no signs of any significant damage. No reports of any deaths. Just a few injuries at this point. We also have to keep in mind the Nuclear Power plants. We have heard from the operator of those. They say everything is fine. But as you mentioned, this brings back very painf ....