Lockdown in that country, and Risk Appetite builds. Asian stocks had for their best day since 2008. Equity futures point to a positive open in europe, as well, after an incredibly positive day yesterday. Just under an hour away from the start of cash equity trading on that continent in europe and over in the u. K. Lets look at futures after yesterday, the dow put up a up ad game the dax put record gain, almost 1000 points yesterday. It is pretty astonishing that we well. Tures up today, as i should say, the dow yesterday in the u. S. Put up a record gain of sorts, the biggest gain in the Dow Jones Industrial index average since 1933 and yet, you see futures on the s p and dow jones positive, nasdaq futures down a little bit, but they also saw a big gain in tech stocks yesterday, the nasdaq jumping yesterday about 10 . A lot of indexes yesterday in the u. S. , jumping 10 . The nasdaq, really just joining the bunch. Our top story is the stimulus packages across europe and in the u. S. Wh
1000 globally. Inwidens along infections china. Weekis set for its best since 2011. Holds a oil minister crunch meeting with opec allies. Couldrtel warns it abandon cuts altogether if the country does not join in. We are live in vienna. Undergoes emergency heart surgery. The bank says he is recovering well. Under one hour away from the start of cash equity trading. Lets take a look at futures after the route we saw yesterday. Play ad catchup to play. Even u. S. Futures are falling after 3 drops yesterday. We still see red arrows almost almost for s p futures seven hours away from cash trading in new york. German factory orders are coming out, up over the estimates. Is aurse, that backwardslooking figure at a time when figures look so backwards they are of very little use. We have the Coronavirus Impact at the beginning of january, so the most recent look at factory orders is very different. Anna indeed. We are getting jobs data later. People are talking about how that can feel stale. W
Disperse the crowds. Global news, 24 hours a day, on air and on tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. Im Mark Crumpton. This is bloomberg. Is 1 00 p. M. In new york. I am vonnie quinn. Welcome to bloomberg markets. Vonnie from bloomberg World Headquarters in new york, here are the top stories. Attacks disrupted five percent of the world oil production. We will talk to the opec secretary general on how the organization might respond. Wall street has been in pay slump since the financial crisis. We will tell you who has had the sharpest pay decline. Retail in an hour an era of delayed exit. We will talk to the cofounder birch box. First, kailey leinz is with us. We are halfway into the trading day. We are getting a little redder as we go through the day. Three major averages are near to the low of the sessions. The dow, the s p 500, and the nasdaq are off play for tense of vonnie this is bloomberg a percent or more. This is geop
Slumping and Global Growth concerns back in the headlines, as chinas Economic Data comes in weaker. Joining us for the entire hour, final hour of trade is keith bliss, managing partner and ceo of iq capital usa. Keith, welcome thank you very much you and i were just chatting about the fact that you were noting that youre kind of surprised that the stock market isnt down even worse. I think its really resilient and speaks to the trend weve been seeing throughout the last 30 days for sure and ive been a big believer that well continue to trend higher throughout the rest of the year but think of Something Like this that happened 45 years ago, when we did have real supply concerns and the kingdom of saudi arabia was the big player in the market now its much more dispersed we were not a big player. At all. For a variety of reasons i am grateful and pleased at the resilience of the equity market on news like this today. Even some energyimporting nations like china, for example, you didnt see
The opposite playbook of what we saw with the rally last week. Il leading the declines all three major averages close to the lows of the session. They are falling along with oil today as we see that correlation come back into effect in todays session. Oil down by 4. 5 . We have the Saudi Oil Minister speaking at a conference in houston earlier today saying no plans to cut production. There did not seem to be high expectations. There is disappointment that appears to be affecting the markets. The saudis welcome the west show business and they are happy that there are exports that would allowed that will be allowed from the unite states. You note about oil see 31. 90 which appears to be a higher price than yesterday. On the day, oil is lower near that april some of what we are seeing if stocks are down, people are buying stuff they view as safe. It has not been that straightforward today. Yes, we are seeing a bit of buying of treasuries, but it is a very little bit. Earlier today come we