Stay updated with breaking news from Mike werth. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Whether its medical, some of these states posting some of their highest caseloads since the pandemic began, but then again optimism about the recovery at the same time. Right look, i think that we are all kind of thrown its governor to governor, yesterday in new jersey suddenly we get the you can have 100 people outside, 50 people inside. Versus six we are all kind of confused. With he see some parts of the country looking worse, other parts of the country that were so terrible its wide open and the confusion to me is what are the numbers going to be look like what are they going to look like given the fact that new york now feels like post wuhan and the rest of the country seems like, i dont know, maybe is it going to be italy, is it going to be spain i dont think it is. I think its going to be better, but i have to tell you, carl, that the stuff thats being bought is not in synch with whats happening, particularly the airlines, the hertz rental car, we saw a very good piece in the jo ....
Casino, those are the biggest gainers today. But fears over the virus remain as cases in the u. S. , italy and around the world move higher though the president says he would love to have to country open by easter we are up 1700 points on the dow. Nice for a change. We have a huge lineup of guests coming up. The ceo of cvs health will tell us about the companys hiring spree and Virus Testing plans. Campbells ceo will join us to talk about the supply chain and well discuss the administrations actions thus far with mark short, chief of start to the Vice President. Lets focus in on two of the big stories, kayla has the latest. But first, mike is tracking todays market rally mike, over to you. By the looks of it, its a sturdy rally well scrutinize to see if theres more than anything but a bounce it tells you a couple of things. One is a strong bounce is it doesnt look that dramati ....
Guy this is what is happening in europe right now equities off the lows, volume reasonably good. I think the focus from means on single stocks. You are starting to see some action at the index alix you got there. Guy words are going to be really hard today. Bouncing a little bit, feels like it is led by the u. S. Single stocks matter today. Stoxx 600 lower, but look at what is happening why did German Companies prerelease . I thought we were getting earnings later this week. P when they are disappointing. Prerelease when they are disappointing as well decent news from phillips, though. What you are seeing is a focus on single stocks, alix, but the next action is finally starting to come through. Alix and the same thing here for the s p. Energy is underperforming as oil winds up getting hit and chevron down on that deal. U. S. Equities, we are well off the lows, which is really incredible. It are seeing buying coming into the lon ....
Yields have picked up. Tenyear yield above 5 . That is a significant level. We touched briefly above that for a nanosecond last week. Since then, you have to go back to 2007 when you have seen yields at these levels. 5. 012 for the tenyear yield. By the way, check out energy prices. You will see wti which is off 33 cents. 87. 76. We have merger monday as joe mentioned. Look at what is happening here. Chevron buying hess in the deal of 53 billion. 171 a share. That is a low premium over the Closing Price for hess on friday. Hess shares are up 2. 25 . Chevron down 2. 9 . This deal comes just weeks after exxonmobil made its move to buy pioneer natural resources. Both stocks on the move. Hess ceo john hess will join chevrons board. I just got off the phone with mike wirth. Very low primemium on this. This goes back long before the rumors came out about exxonmobil and pioneer. That deal went through last week. A lot of people thought af ....
You are watching daybreak asia live from new york, sydney and hong kong. Counting down to asias major market opens. Australia is online, the top stories. Relief after a retreat in treasury yields following a volatile session. Bearish bond views. Hamas frees two hostages and chevron vies hess in the second Major Oil Deal in a few weeks. Annabelle thank you, weve got the open of the asx 200. Pricing with a staggered start. What is happening in the bond space is where we have noticeable moves and sherry can get through the details but there was a pullback in yields coming across in the three and 10 year as we get trading underway. Whether we see relief coming through for equities and a softer dollar, we are seeing the a sx coming online fairly flat as we get underway but if it trades in the green that would snap three days of losses for the australian benchmark. Something to be monitoring. Ubs saying we can expect more volatility bec ....