Forward with a scaleddown Economic Relief bill that republicans introduced. National institutes of health orector and Surgeon General on capitol hill for a Senate Health hearing on Vaccine Research and development. They spoke about ongoing Clinical Trials for a Coronavirus Vaccine and the possibility of one being ready by the end of the year. Some of thescussed challenges of distributing a vaccine and the current drop in vaccination rates due to misinformation and public mistrust. Committee on health, education, labor and pensions will come to order. I would like to welcome everyone and go through some administrative matters that we do at the beginning after consulting with the attending physician, the sergeant at arms, cdc, health and Human Services, individuals are seated six feet apart. There is no room for the public to attend and the press is working as a pool bang and the hearing may be watched gaveltogavel online. Both of our witnesses, dr. Collins and sargent general adams are
And the u. S. Outweigh recent stimulus gains. It share in hong kong. Lift after the exchange relaxes rules around chinese companies. Shery lets get started with a quick check of the markets this is as stocks have fluctuated with gains. Lower we havedow losses led by energy and to wait a, continuing rise in coronavirus. Markets were also under pressure after reports of President Trump and chinas xi jinping for reelection helped, according to National Security advisor john bolton. We did have the nasdaq composite gaining. 2 . Three quarters is trading above the 200 Day Moving Average so we continued to see strength for those big tech companies. We are seeing wti trading below 30 a barrel and we have seen pressure in the new york session after reporting crude stockpiles reached another. Lets show how things are shaping up for asian market. Asian stocks are set for a mixed session with a lot of groups at the open. Qe stocks opened lower. Gains, due in 45 minutes time. A contraction is expe
The bank index up 2. 1 , telling you all you need to know. The 10 year yield is down to 67 basis points. There was a little bit of an increase in volatility today, up to 33. On the actual session, the vix index is slightly lower. Scarlet fu joins us halfway into the trading day for some more details on the scene. The scene seems to be about finding stability. If history is any guide, we are likely to get it. Seven times the s p 500 has fallen 2 or more since the market bottom on march 23. In six of those instances, the s p 500 came back to close higher. Indications we may continue to build on this advance. You mentioned leading the gains, regulators rolling back some of those put in place after the crisis. That should free up about 40 billion in capital. Regulators are modifying the bulk to allow increase of investments in d. C. Funds. You mentioned the stress test results after the close. Im keeping an eye on homebuilders because one trend that has emerged is the strength of housing.
Curbs. The amount of storage is 300 higher than a year ago. And global virus cases top 7 million in less than a week after topping 6 million. The u. S. And u. K. Show signs of a slowdown. India and brazil are the new hotspots. Taylor lets get a quick check of those u. S. Markets and a reminder of how they ended. Erased all the losses that we have for 2020. The nasdaq 100 continues to post more record highs. You see futures taking that in stride, mostly unchanged after what has been an astounding past few days coming up the big fridays jobs report. The optimism continues here in the monday trading. I do want to see how things are shaping up for some of the asian markets. For that, we have Sophie Kamaruddin here. Are asian markets extending some of the optimism we got in the u. S. . So, even afterestly we got warnings from slowing growth from the world bank. Kiwi stocks adding about one third of 1 at the start. Clawing back year losses as the country with social distancing rules. Austral
Cimarusti later on, chef and owner of providence l. A. First, lets take a look at markets. We are down but all of our lows. The s p 500 off by half a percent. The nasdaq is actually up by half a percent. Airlines are the movers as Warren Buffett says he has sold out of all of the four airlines that he has stakese. Lets get a deeper dive into the market with taylor riggs. Track for itsp on Third Straight day of losses. At bank ofrates team america said typically you would not advise investors to follow that seasonality, but it fundamentals match, it could fade that risk rally. Big tech is that they got performer today, led in part by the three trillion dollar companies, microsoft, amazon, apple. Airline serving after Warren Buffett sold his stakes. On a forward pe basis, multiples look higher again. As the denominator of that ratio collapses, investors are rushing into bonds. You can see that inverted yield. You get a sense money is being put back to work in the equity and bond space. Y