You mentioned the vaccine trials with astrazeneca. That is not voting well. Boding well. Chinese markets nearly 2 down for the shanghai composite. The hang seng down 303 points, and the kospi also lower. Watching the dollar declined overnight, given some of the risk off moves. The pound down on the sixth the day, the longest losing streak since may. Streak eurodollar slightly lower. , ian hashe aussieyen been boosted by the haven play. G10 higherthe only than the dollar. Yields pretty much flat right now but we saw treasuries up overnight. This is where we are seeing signs of contagion from the tech selloff, the Commodity Markets and oil markets in particular. Below 40 forst the First Time Since june. Thats get more analysis with our strategist. Mark, the u. S. Session came back from the holiday continuing the tech selloff. How is the market readjusting now . Mark it is not a pretty start in asia. The thing thats concerning wayle is it appears to be beyond tech and is affecting other A
Major amples we saw a surge in cases for example, in other parts of the country that had not been as hard hit jim, i can go through a list of things this morning that perhaps would give investors pause in a different environment, whether it be beijing, and the recent closure of schools there as they deal with a surge in cases it is only 137 but nonetheless. Flights also there we will get the update from beijing. Layoffs at the likes of at t or hilton quest giving us gooit guidance that still speaks to the weakness of that business. Yet here we are with potentially another rally in store a half hour from now. David, all of those things you just mentioned were things that maybe we expected to happen im looking at 25 pieces of research that i have sent to you in synopsis, the vast majority of them are raising price targets. Why . Because the targets were slashed before we knew that the Federal Reserve was going to back stop all of these companies so the Federal Reserve is saying if you ar
Spreading to major cities from those who dont. If they refuse to wear a face coasttocoast. Social media showdown. Mask, they dont get in my car. Twitter flags another post from President Trump. For today, sam brock, nbc, miami. That brings us to the ceo of uber good morning this time for citing violence. Just ahead what the president thank you for being with us. Tweeted that set off alarm bells good morning. Thanks for having me. On the heels of his move to the numbers are just crack down on the company. Glimmers of hope. New york city, the epicenter of the nations coronavirus outbreak announces its first jawdropping ridership down 80 in april. Step toward reopening. Youve called it a shock to the system washington, d. C. , beginning to ease restrictions today. But new areas of concern emerge. Do yououl or uber and Ride Sharing Services . We certainly do where cases have spiked, lifting i think uber essentially goes with the city. We are very much a local stayathome orders. Making hist
Means heat advisories are back in effect today basically a heat advisory for the speech areas just means that temperatures are opposed to pose a risk specially if you dont have a c or do have sensitivities to the e temperatures right now still nice and comfortable where the 50s and 60s in fact its really the course of a day right now areas like pittsburgh that held on the 70s all night long are only now falling in the upper 60s so get those windows open but that cool breeze in before nhis happens later today triple digits returning as i mentioned to the area covered in livermore well upper 90s and napa down to san jose which will be a 96 degrees today and will be one of our areas under a heat advisory San Francisco to oakland toasty enough for areas that dont have a seat. Those areas right next to the bay and the coats that maybe arent as accustomed to it. Now heres the good news is like yeah in order that we do have a big cool down just around the corner, this is a short lived the way
Where does this leave us pete, good time to answer that question i think our viewers, investors everywhere are wondering we had this big comeback weve had a bit of unsettlement in week. Now what yeah, i think we have reached a point now where theres been some pull back and everybody is looking for that opportunity those that have missed a little of some of these moves youre look for something. We had a huge range. We started to change the what we have been seeing which is contracting range and that sell off late day im surprised we havent seen an acceleration to the downside i think theres nervousness in terms of a lot of things the retail number we knew about. We knew it was worse than we anticipated. Thats a big deal. You look at the smh. Thats a great reflection of what im talking about they are hammering those stocks. They have absolutely hammering those stocks today josh brown, what do we do with the fangs what do we do with the chips fang stocks have had such a great run. Today w