That plays how throughout the afternoon, but it is certainly cassidy a pallor certainly casting a pallor over these markets. The stoxx 600 down more than 3 . All of the major indices, from the docks to the ftse 100 to the 3 . 40 down more than group just one stock 3i group just one of the stocks bucking the trend, up more than 5 . Prudential, the insurer, down 8 . It says it will be a difficult Second Quarter. We will speak with another insurer headquartered out of london little later on, the lloyds of london Ceo John Neal about difficulties for ensuring markets in this environment. That is all to come in the next two hours. Lets get back now to the u. S. Initial jobless claims coming in at 2. 9 8 million last week, topping initial estimates. That brings the total now to 36. 5 million since the coronavirus pandemic began shutting down businesses midmarch. Lets get to our guest, who also has a focus on latin america. We are speaking with catherine rivera, bulltick with kathryn ofney ver
Up a percentage point. We will get their earnings after the bell. Ie also finished higher chewy also finished higher. Scarlet volume was pretty light, 12 below the average. Part, market breadth was fairly negative as well. Of negative to positive. Lets dive deeper into the action with our markets reporters across the different asset classes. Abigail i would like to bring bonds into the equation. We are looking at here, in white, our treasury futures. Last six months or so, both are higher but sideways. Growth in stocks going higher at the same time. Since september, basically a downtrend for the 10 year eat treasury note. Downtrend, it could suggest that the recent choppy action we have had for stocks. This week, keep a close eye on this chart. I wanted to look at the volumes. Earlier this morning, we were looking at volume trading on the yetf, which tracks the entire index. Bond trading down 40 , relative isthe s p 500 index where it down less. Typically when the s p 500 etf, the spy,
It seems it was the outperformance of the small caps. Joe abigail, what are you watching . Abigail s p 500, possibility of new record highs ahead. The chart you have been watching for many, many weeks is starting to turn more bullish than it was last week erie of this years big rally out of the downtrend, and around may with trade concerns around the fed, this range everyone has been talking about making it bullish is the lows, each one is higher. Equidistant highs telling you the sellers are about as confident as they have been before. An rsit together with that appears to be ready to break out to the upside, it suggests that not only are we likely to stay above 3000, but we may have new record highs ahead, there are so many factors to take into account. Well, abigail, i wanted to dive into tech. Some of the big names are really underperforming. Things are only up 20 year to date, as you can see, relative to the others that are up 30 to 40 . Why is this . Miller said the group was und
Of to a good start on this tuesday. Negative atead is 1. 51 . Apparently Phillip Morris and ultra are going to try to get back together and altria are going to try to get back together. Phillip morris is down. Europe, a nice bounce with the stoxx 600 up 6 10 of 1 . The ftse maybe the best ib themer the ftse m best performer for individual indices. Weaker by 6 10nd of 1 . In a Bloomberg Opinion piece today, former new york fed president bill dudley calling President Trumps trade war with china a manufactured disaster in the making. The question for policymakers is e policy mitigate the damage or refuse to play along . Increasing the risk of a stateion, officials could officially that the central bank wont bail out an administration that keeps making bad decisions on trade policy, making it abundantly clear that trump will own the consequent is of his actions. We are joined by Michael Mckee, and it washington, d. C. Come a trade reporter shawn donnan. Michael, this is a very interesting
Why they will not do it. Bill dudley has an understandable position. Most of the people in jackson hole are muted. The World Economy is going to a slump and the u. S. May be slowing down as well because of the president straight all of these. The fed is not going to get involved in the politics of making trait decisions. Jay powell on saturday on friday said setting trade policy is the business of congress and the administration, not the fed. Our assignment is to use Monetary Policy to foster our statutory goals, which are maximum employment and stable prices. Kevin despite all of the political snafus around the central bank, confidence declined less than forecast. We are getting new numbers that would suggest consumers are not feeling the recession fears as much as we anticipated. Michael certainly not as much as wall street. What may have happened is companies stopped up a lot ahead of the tariffs imposed and we see that in the inventory numbers. As though start to work down, prices