Investors are trying to digest the barrage of dats out of china. The conclusion at the moment is it is negative. Were seeing the s p out of many futures. The real standout here is the c. S. I. 300 stock. China sinking to the worst since february 3. Chinese shares really nraveling. 0. 62. Remember we have a heavy european bond supply in the pipeline. No change is expected. It is all going to be about guidance. Demand for eurosterling ahead of the e. C. B. Policy decision according to some of the fx traders we have been speaking to. Coming under pressure down. 6 . We closeded close to four month highs. Limited support from u. S. Crude inventory helping that trade. Lets get some of the other important stories were following for you. Thanks. Coronavirus cases continue to surge in the u. S. With california reporting near reported cases and fatality. The worlds biggest retailer requiring customers to wear masks. Walmart joins starbucks, costco and best buy in the move. The coronavirused a it
Taken since yesterdays 3,000 point drop jim, you have never been a huge fan of futures, but you think they are especially irrelevant now. Right these are fraught. I got up three, the market looked great it was up like looked like we would make up half of what we lost yesterday i come back, were down. Lets stay focused on individual stocks individual stocks are all being brought down by the indices. The great opportunities, i want to use that word, come from the obliteration of the futures, mean while there are companies who are doing well theres companies doing quite poorly well go over both there will be opportunities today. Theres a lot of give up yeah. I want to get i have a lot of specific questions for you i know you have regeneron tonight. Signs of hope, whether its test kits from roche, therapeutics, you heard gottlieb a moment ago talking about it those three things, test, therapeutics, vaccines we are starting to see very early signs of progress. Absolutely. You look at tesla.
Looking at the european stoxx 600, some downward pressure. The focus is on the trade deal. It is a partial trade deal. Will not round tariffs go into effect. A lot of focus on the chinese economy. The other big story is brexit. 125. 66 is where we are seeing cable at the negotiations are ongoing. And there is a brexit summit as we like to call it with eu leaders in brussels on thursday. Coming up on bloomberg surveillance we speak to the former fed governor. Nobel also expecting the prize in economics to be announced later today. Let us get straight to the bloomberg first word news from new york. Says he ist trump ready to go with more tariffs on turkey. This comes after the u. S. Withdrew troops from the north of the country but the move has pushed kurdish fighters into the arms of president assad. Forces from the Syrian Government are returning to the northeast for the first time in years. And spains top Court Sentenced cut elan separatists catalan separatists to 13 years. Former cat
Nevine we could go with all three drivers, but if you are looking at the dow on track to close at a record a lot of Health Insurance stocks are helping take us there. Absolutely incredible the moves happening in these stocks. Theyve all really underperformed all year long because of all of what is going on in washington the rebate rule dismissal is really a very, very big deal because it would have made pbms extinct in the medicare world. Are you a buyer i am. I have been buying United Health care because the stock had fallen Something Like 25 from its december high, but even now down 13 from its highs. Trades at about 18 times forward system the real name to own, the levered one would be cigna, trading at a 40 discount to anthem, absurd, and they have the express skrip as a pbm the stocks are attractive, though and very under owned thats the real key here. Big moves in yields, ten year at 211 lots with stephanie to come over the next hour. Focus in on the big stories, bob is on record
That macro picture. Consumer prices down. Retail sales flat. Jamie dimon calls on the u. S. To get its fiscal house in order. Plus the intensifying a. I. Race. Google is rolling out its most powerful a. I. Assistant yet. And a Bipartisan Senate group out with a new report on how best to regulate the technology. Sara eisen is live from jerusalem, speaking oneonone with israeli Prime Minister Benjamin Netanyahu. Lets get to the cpi print. As we pointed out, 3. 6 core year on year, jim. More than half is gasoline and shelter. Its only going to get better. Gasoline, obviously, oils come down. Iea with some reports saying its not shouldnt even be at this level. Food, were starting to see some things in food that indicate that things are getting better. I mean, for instance, one of the things they said that was bad was cereal, but as we know, david, i told you that kelloggs says theres too much cereal. Were going to see buy one, get one. The things that people are being hurt by, except for s