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Flat tire. He is on the squawk news line. What happened . Flat tire first day back with my driver. We are on 78 which leads to the new jersey turn pike which is where andrew was the other day we are getting close to the lincoln tunnel i had to wait and have another driver pick me up. That worked. The only problem was we got a flat in the express lane we had to pull over on the median with semis going by on both sides the whole car was shaking. I was like, okay, ill never be there again. So i take it, you changed the tire i could have. The first thing i did was say, look, youve got to go over that median and get over to the right. Thats just asking for a problem. Seriously dangerous at 6 30, i will be there at 6 20 there might be a correction coming you guys can explain to me honeywell . I thought it already was it was in, it was out and back in i think this is the First Time Since 2013, well see three dow components come out. No ....
Industrial data out of germany. Desha back to that euro. Within back to that euro. We have seen Christine Lagarde speak for the first time. She has been talking about the impact that the coronavirus has had. She said that the policymakers that the ecb have done what is justified but she continues to push for this idea that we do need this fiscal pop package to come through. The european commissions proposal for a revised financial train work and the next he generation eu are decided in this regard. It it is association it is associated with the proposal and could have an impact on the International Role of the euro. It will important to adopt that package quickly. Christine lagarde speaking a little earlier today. She will speak at the bottom of this hour as well. Speaking to us from washington is adam pozen. Banks,alk about central particularly the ecb given the fact ....
The dow toing 25k. Steph, whats the significance of those big numbers we have now been able to get over . Its very positive. It makes people feel better especially if they were buying back in march and april and may. We have been getting pockets of activity thats picking up like the tsa travel numbers look bet per. Mortgage applications up four weeks in a row these are baby steps what this tells me is yes we had a horrific recession were still in it. Its probably going to recover a little bit faster than i initially expected i dont know if its a v but i think april and may are the worst months of the year on terms of the Economic Data and that we are going to start to see an improvement if you do see an improvement and get the economically sense tifr sto sensitive stocks to rebound, thats very encouraging. If you look at financials, they are down 26 on the year industrials are down 26 on the year these things could have a mean reve ....
Opening up like indonesia. It is broadly risk in in asia. Jakarta, a little slow at the get go. Singapore higher. Of 0. 7 . The china security journal says china may lower that mls. The hang seng up 150 points. The bondaction in markets overnight, especially when it comes to treasuries. Aelds in the twoyear fell to record low. Fund fed funds pricing in a negative policy rate. This is ahead of the u. S. Jobs. Bonds still up. Bit of ar taking a slump ahead of the jobs data as well. Crude, still below 30 a barrel. Set for a second week of gains for oil. Lets get more analysis. Patrick joins us. Always great to have you. It seems like we have risk coming back. Disconnect to be a to what equity markets are saying and the signal from bond markets in the prospect of some type of economic recovery. Which side is right . Actually you could overplay the disconnect. The dichotomy between markets. Right tohey are both some degree. Littles are probably a spare. It is not crazy to see some recovery ....
Recovery of the whole of europe. President trump invokes a wartime law to get more swabs produced as he rebukes accusations from impov ngovernoy dont have enough testing equipment to reopen their states elsewhere the uk government is reportedly split on easing of lockdown restrictions, as it appears the Health Secretary matt hancock wants to defeat the virus before easing measures phillips First Quarter numbers drop 33 as they suffer the effects of coronavirus in all of their markets the ceo telling this station, though, they do see growth coming back in the second half of the year. Our order is strong and we expect a gradual resumption of Consumer Sentiment, as we could already start to see in china. Light crude prices get crushed amid concerns the u. S. Is about to hit storage capacity, sending the may wti contrac ....