An additional 30 billion to the economy plan. Last night and took it to the session into europe, it looks as though the Trump Administration is going to take a harder line when it comes to hong kong and we will return to that theme in around half an hour with more insight on what the British Government is trying to do to kickstart the u. K. Economy and we will be joined by steve barker, and that conversation is live at a time in london and 11 30 in new york. Had cash for clunkers in 2009 and i guess you guys have cash for food. Lets take a look at where we is ourting, scarlet fu senior markets editor. The s p is off of its highs, the nasdaq and the nasdaq 100 are at record highs, no surprise that you have the record highs in apple and amazon. What we have been seeing are the european stocks moving, with plenty of demand for safety with gold prices moving about 1800 an ounce. Speaking of, take a look at these names, they are all at record highs and the bigger getting bigger. They have d
On the rise ofis infections across the world. European stocks are edging higher along with s p 500 futures. Now, they are pretty much flat, down 0. 09 . Investors weighing scattered signs of economic improvement against the spread of coronavirus. Im looking at eu sovereign bonds, dipping. Treasuries little changed. Lets get to the first word news with leighann gerrans. Hasresident donald trump tweeted video of a man yelling white power. Confrontation was between antitrump supporters and his supporters. Senator tim scott, the sole black republican in the chamber, urged the president to delete the tweet that is fueling accusations the president is fomenting Racial Division after the killing of george floyd. More protests in hong kong as beijing debates a new national thatity law for the city the hong kong executive says people have nothing to worry about as long as they abide by the wall. Residents must avoid crossing red lines. In poland, voters systemsne country, two consideration when
Seem first, welcome to the program, thank you for joining us. It does seem to be a bit of a monday. What does that 02 . Why does the investor looking to buy risk assets question mark james assets . James the fall to 2 is encouraging people to take extra risks, on the basis that they cannot find adequate return and fixed increase interest. So they are having return free risk rather than risk free return. Matt why does it make sense to buy u. S. Assets right now . If i look at the wei on my bloomberg to see the moves in equities, the big drops that we have seen in europe to date are astounding. 25 is the year to date drop. 8. 5 . P 500 is down it looks like investors will continue to bid up u. S. Assets, why . James if we look at prior periods where we have low real yield, we see higher valuations of good quality companies. In previous growth bubbles we have seen priceearnings move between 45 and 65 and adjusted 31 times. People would say isnt that really very low . Rates,s very low cash
Are right about the Economic Data. This is the point where it is beginning to click in nation to nation, and we are seeing some grim data. I look at the eto screen for the United States later this week, and those are numbers. We l points that where that we have never seen before. Two year yield continues to grind this morning. Francine we also look at renminbi, given what President Trump said about chinese tariffs yesterday. Lets get to first word news with viviana hurtado. Viviana as many as 100,000 americans could die from the new coronavirus, this death toll update coming from donald trump. He said he hopes deaths would total less than 60,000. So far more than 67,000 americans have died. President trump accuses china of trying to cover up the coronavirus outbreak. He promises the u. S. Government would release a conclusive report on the pandemics chinese origins. He also says imposing tariffs on chinese imports would the ultimate punishment and an explosive Associated Press report s
Coronavirus in new york, Governor Andrew Cuomo saying there have been 481 deaths in the last 24 hours, holding below 500. Also some stabilization to hospitalizations. They are once again basically flat. We had about 1800 yesterday. Governor cuomo saying the curve is on the way down, but at the same time, we need to keep ourselves very vigilant. About 1300 people hospitalized with coronavirus yesterday. Hospitalizations basically flat. Overall virus deaths in new york , now 14,828. Meantime, the markets are registering losses today as well. The s p 500 down 2. 7 right now. Energy companies not doing so well. Neither our travel Companies Like expedia. Crude oil is in a category of its own right now. 3. 31 is what the current months contract is trading at. The dollar index might be more interesting to look at in some sense, at 100. 18. Some strengthening, including the hong kong dollar, which had to defend its peg because it reached the upper bound today. Above 47. The vix bpi ont months