Europe, as you can see, down by 0. 2 . Not getting back ground within the markets. The oil sector has done very well of late. The Banking Sector has done very well of late. Just beginning to fade down today. The s p is down by 0. 3 percent, but it is a similar story. This value cyclical story, the rotation that has pushed money into those spaces, just fading a little bit. We are going into the ,hanksgiving Holiday Weekend basically four days youve got to hold these positions for, and i think a lot of people have decided they just dont want to do that. Eurodollar going a little lower in the last 10 minutes or so, basically back to flat. As the push higher has started to gain attention, there has been some concern that this is going to become an issue. Ive yet to hear it, but watch out for that story. Brent crude, 48. 16. Brent is still higher despite some profittaking elsewhere. I would have thought the best way of describing it, muted markets not getting back much ground, and certainly
Virus. We are also getting headlines out of europe which are undermining confidence as well. The stoxx 600 is down by 0. 7 . The s p now down by 0. 4 . Eurodollar actually picking back up again. The 1. 16 level held, and what i am hearing is the real money accounts are back in the market. 1. 17,back now above 1. 1729 where we are right now. We have the ecb watchers event tomorrow, Christine Lagarde speaking in the morning, and then at 10 00 him him 10 00 a. M. Eastern, we will have speaking. E , the chief economist speaking, the chief economist. Alix the s p now down by 0. 4 . New york citys daily positive rate daily Positivity Rate is now over 3 for the first time in a month. Now offeringo is new enforcement for schools, saying if any of them do not over the rules, they will be closed. Governor cuomo will be speaking at 00 speaking at mike huckabee, speaking at 1 00 p. M. There are some granados stones globally. The deaths passing one the deathsly passing one million globally. Joining
Correction from the march lows. Joining us is a chief market technician. Nasdaq, what is the level that we stabilize at . That is a great question. I think rather than looking at the levels, i think it is more about duration. We need more than one or two days of selling to alleviate the excess that we have built up over the last few months. Anybody who has been following the markets, equities seemingly have grind it higher every single day, so there is a lot of excess, a lot of exuberance built into the market. A a day or so of the selling pressure is not going to alleviate that. Where we kindbove of should be, are we . I guess it is the question people are trying to understand. We did push up aggressively, steadily though, but it has taken us above the 50, 100 and 200 Day Moving Averages. We are starting out to get back down to levels closer to the 50 Day Moving Average. How important is that going to be as a level we need to Pay Attention to . The 100 and 200 are still a ways away. T
Kind of rally. Eurodollar on the high, up by. 3 . We will break this down over the next hour, particularly in regard to earnings. We talked to cocacola ceo James Quincey. Francine and what they do in terms of innovation Going Forward if they are looking at football or cricket with a sip of coke, i wonder if they will change to try to get people more drinking at home to the cocacola products. 750 euro stimulus. What she said was that it was quite hopeful for the future because it shows cohesion for europe. Joining us from brussels is maria. We were expecting a deal and then we worked and that we werent, and then we were. We finally have a deal is it a good deal . Overall, whene, you look at the numbers, you can say it was not as ambitious as the initial program. If you look at the allocation for a country like italy or spain, badly hit by the coronavirus, they are taking home 82 and 72 billion euros, this is money they will essentially not have to pay back. This is not extra debt will h
Eight days, getting a little bit of relief. Euro still seeing very strong buying in the treasury markets. You are buying equities, buying commodities, and buying treasuries. Thats what you are seeing into the weekend. Time now for global exchange, where we bring you todays market moving news from around the world, from washington to new york to london. Oil. Gin with the move and crude continuing to climb after its biggest ever single day gain. All trump says he may intervene in the price war between saudi arabia and russia that has rocked crude markets. Here was more is annmarie hordern. Intervene how, and does anyone care . Annmarie it is interesting how exactly he would do this. He said he has some power over the situation, and would get involved at the appropriate time, may be giving riyadh some chance to potentially swamp the world with oil and put the pressure on russia. Then we heard from president Vladimir Putin in an incredible scoop by our moscow bureau. He says they say he is