Hell show you how to plug in with the right circuit breaker. And in this market, elmer fudd might have said, be very quiet, im hunting yield but in either trading or toons theres always a pesky wabbit to beware of. Options action starts right now lets get right to it the Home Construction trad on fire this year with both the xhb and itb up double digits the rally comes as Mortgage Rates hit new lows and home bound americans tackle Home Improvement projects but our chart master carter worth tells us this could be on shaky ground carter, what are the charts telling you . Well, the question is at some point is a lot or everything priced in. Its been a great area obviously we know the story thats been in the news about refis and Home Improvement and we know the earnings have been great. But at some point sometimes an area of the market is full, is rich i think thats the premise here. Lets look at a few charts the first is a twopanel all youre looking at is the Home Construction etf on the
Everybody, in for Francine Lacqua today. This is the picture on the stock markets this morning, down 2. 2 on the stoxx 600. Ongoing fears about coronavirus, how its going to be handled. What are we going to see . What damages that going to do to eke economies globally . Thats the question as we watch the death toll rise and the infection rate as well. The u. S. Tenyear, incredible the pace of the movement we are seeing. Money going into the perceived safe haven of bond markets and sovereign bond markets in particular. The u. S. 10 year yield is now below 0. 8 . Brent prices below 50 a barrel, down 1. 5 overnight. Lets get to the breaking news for you. A french mp has been hospitalized after contracting coronavirus. This is the ongoing feat of information we are getting into where this virus is spreading next. We talked about the rising rate of infection in the u. K. , the u. S. , germany, and italy, of course. We will see how long it takes to get to peak infection levels. Lets get to o
In the star ship program. Guy how far are we now to the star ship program . Its a big piece. Matt talking 30 rockets instead of the nine on the falcon. Its really adding complexity to the program and you see them thinking of technology that allows you to get it all the way to mars as complexity, too. Hellon elon talked about the physical issues of getting to gravity and when you get to that size rocket, you Start Testing technology, physics, or our understanding of it as we know it today. Vonnie theres no particular regulator for these type of missions but the International Telecommunications union coordinates the allocation for frequency of communications, matthew, so in a sense space x is given a lot of freedom and seems to be using the freedom pretty well. Lets talk about the satellites and go up in the tower and then one is at the ch lower orbits and they have to push their own solar panels to survive in space. Its very ingenious. Matt theyre using a lot of technology though its go
We got a new stimulus plan and a rate cut from the ecb ahead of the feds meeting next week. Joining us in the next hour, were 130 points on the dow. The high of the session was up 170. Continuing a good week sector wise below that certainly different than the start of the week we had a big value rotation on monday and tuesday. A little bit yesterday giving it up a little bit today. Thats, i think, because he got that ecb news on the Monetary Policy which basically was in line but very accommodating for a long time. Welcome back the fbi reportedly opening an rates rallied because the u. S. Data investigation into myth real a the core cpi is the highest in capital. This session cofounded by peter thiel, thats pretty important. And i think that also the alleging financial misconduct. In a statement to cnbc. Initial claim story remains very strong as well i mean i think you have a the company sayings in a foiled rotation today but i think next plot by a selfserving week if we get less exem
Pretty much unchanged, but a few stocks are moving quite substantially, including gilead appliances, up, making a 5. 1 billion investment into europes galapagos. Theill be working more on inflammation joes, this is the hepatitis c drug goes away. Broadcom is up one and three quarters percent, that is up on the idea that the broadcom deal may not take place because talks have broken off. City group has turned itself around, the first of the megabanks to report this week. Some good elements come and some less good elements. Meanwhile, one of the major events overnight was chinas gdp growth coming in at 6. 2 for the Second Quarter. For more on the impact of this and of the Global Economy, stephen king is joining us, he is a senior Economic Advisor at hsbc. Talk to us about the china gdp growth number. It is not seem to be impacting markets much. Do you see Warning Signals . Agohen 6. 2 a few decades would be remarkably weak, but by the standards today, not bad. I think that the chinese wo