John, to me the silence of this friday is the unemployment checks that will go away and the silence from washington. Jonathan i hope they are not looking at the equity market this morning. I hope they are focused on the highfrequency data and jobless claims. The recovery that we have been doing a victory lap on over the last couple of months. There will not be one this time around. Jobless claims are higher. Recovery is stalling. The economy needs more assistance. And congress is going for a long weekend. Tom so many things this morning and we will have a lot of different conversations to get you ready for the weekend. Lisa abramowicz, we all know in equities and commodities and currency, the bond market talks. It is speaking with a vengeance this morning. Lisa you are earning nothing on safe bonds. That is what this is telling you. Inflation will not take off. We are seeing record low yields. Almost back to its record low. I think you pointed to the most important yield we are looking
Coronavirus restrictions. The pboc pledges stronger monetary policy. Saudi arabia confronts its own predicament with slashing of spending and tripling vats. The European Commission threatens to sue germany. Sident ursula von warm welcome to the show. The agenda has been set. More stimulus from china and japan. Negative Interest Rate policy is exploding across the u. S. To the market, april fed funds futures for 2021 skirmishing with a negative. According to jpmorgan, you should. There is a big bet negative rates could go to 45 bips in 2021. The dollar, what are the consequences of nirp. Therestrate policy on dollar would be the dollar living on borrowed time according to standard chartered. Dissipating. Ial is we are rolling over. Dollaryen, more news of more stimulus from china and from abe japan could do more helicopter money if needed. The dollar rises, the yen falls. Have a look at the rest of markets. What is the biggest risk of the morning . Asian stocks rise on the stimulus disc
Matt u. S. Authorities worn americans to prepare for a can potentially coronavirus outbreak to prepare for a potential coronavirus outbreak. Meanwhile, rio tintos windfall. They report their highest fouryear profit in eight years on a surge in iron ore prices, but the Company Warns of significant uncertainty if the coronavirus persons. And a South Carolina freeforall. Democratic president ial candidates turn on Bernie Sanders and his rivals came to stall the front runners momentum. Matt, let me pick up with whats going on with breaking news this morning. Weve got a number of corporates reporting. Lets get to the luxury sector with hermes. 10. 7 . S up by the estimate was an increase of 10. 7 . Thats a redhead line across the bloomberg this morning. Still talking about ambition, some commentary coming out of the luxury french business. The ceo is saying it is too soon to know when sales will rebound. There is a potential normalization from coronavirus in china. In china, there has been
Entities could lead to sanctions on u. S. Companies. Jobs for cash, unicredit will return 2. 2 billion to shareholders as it reveals a see aear plan that will reduction of 8000 jobs. 30 minutes until the start of the the trading session. Teachers suggest a rebound after. He selling of yesterday yesterday and overnight in asia dominated by negative headlines around the trading story. We expect to see a bounce in the dax and cac. The french stocks in light of the threat of tariffs on wine and other luxury items. We expected it to go somewhere yesterday, and that was not the case. Materials lifted the ftse 100. U. S. Futures pointing higher, and selling on u. S. Equities. The nasdaq weighed down by a number of trade related issues. We can see how this is playing in the asian session, weakness in the asian session. Paring some of those losses as we go through the trading day. Comments are making investors nervous. What would it take for president on decemberp tariff 15 as planned. S on bra
We have peace at least speaking for myself i have a very 1st real relationship and he has with me im possibly the only one he has that kind of relationship with in the world they call the hermit kingdom i know a lot about his firm and gave them but i have a very Good Relationship if you would have listened to president obama would be world war 3 right now so well see what happens and look we are working our militarily than we ever ever been at i will tell you what i took over the United States military when i became commander in chief our military was depleted our roads or was in trouble you know that better than anybody we had over the plains we had all everything we have ammunition now we have the most powerful military very apt and were by far the most powerful country in the world and hopefully we dont have to use it but if we do well use it really if we have to well do it but you know my relationship with kim jong il is really good but that doesnt mean he he wont abide by the. Rig