So as we await those developments, weve got the dow, lets check it here, up 52 points. The s p better by 15. The nasdaq, up 58. All three of these indexes were down double to triple digits earlier. Right now, the nasdaq has been on fire. Now, since the march lows, its been the winner, right . The home of apple, facebook, microsoft and so many of the tech blue chips is a stock that is up. Nasdaq ceo is here to tell us where she sees big tech and all the other sectors in the nasdaq heading in the near future. And what might happen after the november 3rd election. Plus the zillow cofounder is not house hunting, hes Company Hunting. Hes here to tell us what hes looking for for his blank check company, his spac called super nova which just blasted off. Selfdriving cars, speaking of blasting off, roaring into the future and the present, hitting the streets of San Francisco without a backup driver for the first time. Gms cruz ceo here with how its going and should he convince you guys to get
We were hearing that we could see some candlelight vigils later on tonight, people going online virtually. It comes amid hsbc defying the u. K. And backing this National Security law. And the corporate impact of all this as well. Lets check on the markets, they seem unphased by what were going through here geopolitically and what were seeing in the u. S. The protests have calmed down a bit in the last two days or so. Markets off the highs but were trudging higher today. Mobile stocks on track for a ninth day of gains. Jakarta coming online and continuing to trend up, 1. 3 . U. S. Future seeing a little bit of pressure. The airlines, the nifty with modest gains at the start. Haven,rally and bonds a selling all. You did see yields picking up here. The aussie, back to 1 once again. The chinese 10 year yield, now or near february highs. The second worst performer after bulgarian debt, on disappointment that beijing may refrain from stimulus. About somebts opecplus deals. Watching the curre
Billion people. Tom it is nothing more than a states rights issue in the united states, the tension between the federal government and the 50 states. The size of the fiscal stimulus is extraordinary, way more than what we saw from president obama in 2009. Just as importantly, the impulse of the fiscal stimulus over the short term is truly at a wartime level. Francine we are also getting some e flow figures. This is the month of march, german business confidence, and the index is 86. 1 instead of the preliminary 87. 7. March, i dont know whether it still seems quite strong. I know we will speak ahead of the if a in just a second. It is not having a big impact on the so the ifo march is holding on. If you look at current conditions, 93. This was for february, so it is backward looking, it does not take into account a lot of what we saw. It will be interesting to see what the ifo president expects for the future. Tom lets get to the data right now before we get started. They did it is sim
Meeting to tackle the threat today. Nejra an emergency and shock move from the fed. Not just rate cuts but also 700 billion of asset purchases. The markets say its not enough. Take a look at the 10 year yields. We dropped as much as 30 basis points, down 27 right now on a 67 handle. Yields dropping across the curve and we are seeing flattening. The markets not responding well from what we have seen from powell. Dollar weakness. Morgan stanley saying markets are bottoming out so it is time to sell. You want to short the greenback versus the euro, the aussie, and the loonie. We are in the final part of a severe bear market. The bear market inequities that has been continuing in the asian session, a lot of red on the screen including japan. It is a lack of faith in centralbank ammunition. Have seen a lot of action throughout the night. The boj stopping short of a rate cut by talking about more stimulus in terms of etf purchases and a rate cut from the rbnz. Attention turns to the g7 call
China is the manufacturing workshop of the world and its shrinking, manufacturing, shr k shrinking at its fastest pace ever. This is an astonishing move into the safety of tenyear u. S. Treasuries. At one stage that yield had dropped all the way down to an alltime low of 1. 03 . Right now, we are at 1. 08 . Historically very, very low. The virus is the problem. We do not know how much our economy will slow if large numbers of people are quarantined and people are unwilling to go out and shop and travel and mingle. We have these developments on the virus. Deaths, two deaths in what appears to be a cluster of cases centering on a nursing home in kirkland, washington. Firefighters who went to the home are now quarantined. There are confirmed cases in nine states. Florida has declared a Public Health emergency. Theres this bombshell from iran. A Senior Adviser to the Supreme Leader has died from the virus. Several members of the top leadership are infected. But iran has done little to rest