Risk to growth, goldman warning this morning that a further spreading of the virus or widespreading of it could completely wipe out corporate growth this year. On the sidelines why Toll Brothers ceo tells jim the next few weeks are critical for the Housing Market so the number to watch is going to be 361 today. If the dow falls by that amountiamount the blue chips will hit correction territory last night at the president s News Conference about containing the virus, eamon javers asked if Financial Markets are overreacting heres how the president responded. I think the Financial Markets are very upset when they look at the democrat candidates standing on that stage making fools out of themselves and they say if we ever have a president like this. Did it have to do with the coronavirus . I think it did, i think it did. But i think you can add quite a bit of selloff to what theyre seeing. How much of that explains today, jim i think that the most overshadowing thing is what happened right
There is no need to panic but is he really right . Billionaire tom steyer making it official, he is in the 2020 race after all, but could his billions lead to a backlash from democrats . After all remember what happened to the guy who founded starbucks . Stocks sliding as investors fear that maybe rate cuts are not a gimme or certainly as generous those rate cuts were thought to be a little more than a few days ago. Gerri willis at the New York Stock Exchange on what has investors spooked. Gerri . Reporter really, neil, a ralph of investor worries pushed down stocks this morning. The biggest concern the fed cuts rates at its july meeting. Jerome powell may give hints when he speaks to congress tom. Strong economic numbers created worry that the fed will back off a rate cut. Fed funds futures pricing in one rate cut later this month. Chances after quarter point rate cut . 93 . Tensions with iran taking a toll as iran threatens to extend the breaches of enriching uranium set out in that
Anna a very warm welcome to countdown. Manus where is the money flowing this morning . The pound has a bit of a reprieve. We will talk about that in the risk radar. I thought we would go for the shiny stuff, coming back from gold. And there is a real move here, of course in the headlines more funds shutter in the u. K. What you have is the assets, going into gold trading up one quarter of 1 . Etf Holdings Rise by 37 this year. The assets have jumped by 38 million tons, the most since the global crisis. We have entered a new bull run, according to ubs, we are with in a hair. Goldman is shifting the threemonth and sixmonth target. The risk momentum and the fed playing into the equation, all moving the dollar holding back. It is based on fact, not fiction. Anna very much about what the fed is going to say, manus, negative low rates good it seems. Punishing the risk radar, what else is on the move. We have a currency market dominating things this morning little bit. Quite a few in here, th
Programm welcome to the it is just 6 00 year from london. We are ready to deliver the stories. He breaks down the latest china manufacturing data. David is in berlin and he is in berlin any of the latest on the escalation in ukraine. Caroline hyde talks tech today. She is covering the earnings of our molding arm holding. Ceoe will be talking to the following the companys earnings release. Int is the first interview the second hour. Begin with chinas Manufacturing Activity. Away thetech takeaway . It singles another month of contraction for the chinese manufacturing sector. Were talking about the hsb project economics. It came out of the of 48. 3 for april. It signals a level below 50 which is contraction in terms of Manufacturing Activity. Weyou take a positive view, see some stabilization in manufacturing in china but it does suggest that the Chinese Government may be forced to roll out some additional stimulus measures to counter the slowdown that persists. Railwayasures include acti
Gold ETFs Endured Further Outlows In April, World Gold Council Says forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.