news but the point that different regions of the country have different quote/unquote curves, the virus does not hit at the same time at the same rate to you hear about different states in the country and when they re going to hit their apex, when they re going to hit their top and when they re going to come down, it s different all across the country. it s also different across the state. we ve been talking about states like they re uniform, homogenous entities some are more homogenous than others when i was in the federal government i worked in every state, so you have a whole different variety of states. this state, we have very different regions within new york when you say new york, people think new york city. yeah one of the densest places on the globe. you also have upstate new york where in some counties you have more cows than people. people don t think of new york that way as you see variety across the country, we have variety across the state of new york and you ha
and a beige book road map begins with hong kong, brexit and slew of international trade data stocks set for a sharp rebound at the open. recession risks with global economic uncertainty rising, we ll get the latest tea leafs from the fed later today. and the nfl blockbuster, the dallas cowboys agreeing to a mon monster contract extension with ezek yell ezekiel elliott. investor sentiment, a lift on news from across the pacific carrie lam making it official she has withdrawn the controversial extradition bill that sparked months of protests and impacted the economic climate. some protest leaderes say demonstrations will continue, though, unless other demands are met, including calls for greater democracy, some of the protesters are asking for a complete review of police behavior, no indication she s going to give them that as well. i would say finally to this, right? they have been protesting now for 13 weeks this was one of the core issues that set it off. they have o
i m morgan brennan with melissa lee and mike santoli live here at post 9 at the new york stock exchange carl and jon are both off this morning. we ve got a big show ahead with shares of uber tanking more from our exclusive interview with ceo dara khosrowshahi in just a few minutes. and later, dropbox dropping in a big way with those shares down 13%. ceo drewhouse will join us in another exclusive at the bottom of the hour. but first, we ll begin with what s really been a wild week for the markets with the dow down triple digits again down right now about 165 points. what should investors make of the big swings in stocks that we have seen for this week? bob pisani has those answers from the floor here for us bob? and the answer is that it depends on what the president is doing on tariffs and what the federal reserve is doing the president just making comments moments ago, not ready to make a deal on china yet, and that s frankly what s been moving the markets for the last we
better it s very difficult to have an opinion on the market. tremendous market confusion. i called people the last few days and they said, bob, give me an opinion are we going to have troops in hong kong or not going to have troops in hong kong? is there going to be progress on the trade talks or not going to be progress on the trade talks just by the end of the year, is the fed going to aggressively cut rates or is the fed not going to aggressively cut rates? and most importantly, bob, can you tell us if the global economy will stabilize by the end of the year or not stabilize? this is a lot to model for aflt lot of these growth ml that people have, bond yields are one of the most important components it s a difficult situation the one thing that makes me a little optimistic is the bull argument, bob, separate the manufacturing economy from the consumer economy and today we had reports from two of the big consumer companies in the world walmart and alibaba. the big u.s. cons
was checking in around 6:00 a.m. to squawk box but still looking up road map this morning, it starts with a potential trade boost, stocks as you saw pointing to what would be a pretty good open at least if you re long after treasury secretary mnuchin said there is a path to a deal with china. plus, trade head winds hitting home, fedex saying the ongoing disputes are creating, quote, significant uncertainty for its business outlook. micron surging this morning, this on strong quarterly results. the chipmaker also resuming some sales to huawei and forecasting demand recovery this year. stocks are looking to rebound this morning, this after treasury secretary steven mnuchin expressed optimism about trade talks in a cnbc interview. here is what he told hadley gamble in bahrain. i m hopeful we see a deal there needs to be the right efforts in place this isn t a deal for having the sake of a deal we were about 90% of the way there. there is a path to complete this but we