Deflationary europe feels than america. Francine this is also because the pandemic hit italy first, so in terms of curves, you are a couple of weeks ahead in europe. It is a different set of numbers. The packages and loans that european governments are giving is different from what the u. S. Is doing, largely because you are at different stages in europe compared to the u. S. We are looking for that leaders summit, more stimulus coming from the commission and probably to give a strong voice to the commission that europe is united and in solidarity with country most affected by the virus. Tom a lot of different opinions. We will talk to Dennis Gartman about how to fold in a weaker euro call with gold. Here is viviana hurtado. Viviana donald trump signed an executive order to curb immigration. Green cards are currently on hold. They allow foreigners to become permanent residents. The governor the president says that will limit competition for jobs. Expected tose is approve today the 484
Happy friday. Maria big story and the top story right now this hour 2020 shakeup, new york city mayor billionaire Michael Bloomberg to enter the 2020 democratic race, hes expected to file paperwork to do in alabama. You heard it here first, white house chief strategist steve bannon and former adviser to the Clintons Mark Penn told me last month. I think that bloomberg and clinton are still there as biden is in fourth in iowa, second in New Hampshire, dropping to third. Hes losing steam everywhere. Maria do you think Michael Bloomberg or Hillary Clinton will enter the race . The two representatives of the centrist party. Maria who are you expecting to enter the race . Im not sure exactly who is going to enter, if youre a Michael Bloomberg, Hillary Clinton, john kerry or Michelle Obama, youre probably sitting there saying, i could take this field, maybe i should get in, maybe not, i think all four of them are possibilities. Maria thats why we love our guest so much because you heard it h
Sanctions. Partslan to sell vehicle to help its turnaround and get back on track. It is also still looking for a new ceo. Shery lets check the markets. U. S. Futures unchanged at the moment. U. S. Stocks struggled throughout the session. S p 500 slumping after the fed rate decision. Markets taking it is a hawkish cut. In fact it did recover towards the end but it finished basically unchanged. We also had Energy Stocks dragging on the index. Crude falling for the last two sessions after that 15 gain we saw monday. At the moment unchanged, below 60 a barrel. Financials gaining ground today. We had yields plunging after the fed intervened and the repo markets injecting cash to soothe the money markets. That was paired back a little bit after the fed rate decision. 10yearold 10 year yield finishing around 1. 80. Paul some breaking news on the bloomberg terminal. The Hong Kong Monetary authority is cutting its base rate to 2. 25 . Pretty much as expected after the fed move today. So we have
Protectionism is a drag anchor and governments are not doing enough. U. S. Agrees iran was behind the aramco attacks. Tehran denies that and warns of allout war if it is attacked. Shery lets get you started with a check of the markets in the u. S. We are seeing futures unchanged, after a mixed closed on this theres day. We have the dow moving more than 50 points. The s p 500 finishing unchanged. We had a boost earlier in the session coming from white house Economic Advisor larry kudlow sounding more optimistic on trade. Then we had another trump advisor hinting at 50 21 50 to 100 tariffs on chinese goods. Rising uncertainty on trade, not to mention the oecd cutting Global Growth forecasts. That led to our haven demand bonds rallying for a fourth consecutive session and the 10 year yield sitting at that 178 level. Not see how things are shaping up in asia. We are this friday, potentially seeing a muted start for asian stocks. Bonds drifting as treasuries nudge higher. Tensions will be o
They tried to settle claims of thousands of former employees saying they were cheated of severance payments. The Billionaire Elon Musk laid them off after acquiring the social media platform last year. That is news coming through from x, or twitter, whatever you like to call it. That just breaking on the bloomberg terminal. Having a look at markets in play, just checking in with what we have, it is a day where we are seeing mixed fortunes ultimately and we have asian equities in cautious mood. We had the hang seng which started the day going great, but we have turned tail now, off by 0. 3 . The nikkei to 25 continuing its winning streak, up 1 and leading the charge across this part of the world. If you look in the column, we are seeing treasury yields layout as well and making themselves felt in this part of the world. We have got the sale of securities taking place from the bank of japan, and this is all taking place as we do sees elation mounting that the boj meeting is set to normal