10 , but lets be honest the markets are still down big time this year so cold comfort for investors who may have gotten in toward the end of last year well dissect all of that. One big theme today is the Federal Reserve effectively riding to the rescue of the bond market and even the etf bond market look at the hyg, something we have been highlighting and were going on more than a month now up 7 as well as the fed as it says there goes all in and we are all in with a great lineup for you again. We have guy, tim, weve got karen and weve got steve grasso it is going to be a beg hour we have Paul Macaulay with rare mineral supply chains and i want to get to steve grasso because the Federal Reserve, and i know it is very difficult for the audience out there who is not doing this every day to keep track of the alphabet soup of acronyms the Federal Reserve came in today with another 2 trillion program. Did they effectively bail out a big part of the etf market yeah. I think they did so the f
Nejra che risch nejra cehic in london. Futures turning negative. We are positive in the Asian Session but that could have been a technical bounce with the s p futures dropping below the 30 day rsi. Looks like we could see another day of losses. , down threeyield basis points. Two year yield a three year low. Lasthit that record low friday. Pricedh gloom is being and the Global Pandemic. The yen has been strengthening for days. Losses below 50 a barrel. Bob iger is stepping aside in a surprise shakeup. The as executive chairman through 2021. He takes over the immediately. Chapin we have someone we know very well. The thing ive really taken away from bob igers legacy is get the content right and Everything Else follows. Senator Bernie Sanders felt the burden of his frontrunner status of the latest democratic debate. All six rivals delivering attacks. Their aim, stalling his momentum. Another focus of attacks, Michael Bloomberg. This after spending more than 500 million on advertising. Mr
They are weighing new investigations. A record turnout in hong kong as prodemocracy looks set for big gains. It is the first opportunity for hong kongers to vote after months and months of violent protests. Paul lets get you across some breaking news on the bloomberg terminal. Carl icahn is said to seek control of occidentals board. He plans to nominate 10 directors in an attempt to seize control of the u. S. Oil and gas producer. This is according to people familiar with the matter. Is said to be looking to seek control of occidentals board. We will bring you more details on that as we get them. For now, trading has begun here in australia. Lets take a look at how we are tracking. Currently higher by just over. 1 . We have a staggered open here in australia. Stocks coming online in alphabetical order. We are currently in the as. The one we are really looking forward to is westpac in the ws. This packet slipping about 7 in the last week on the back of this Money Laundering scandal. 4 o
And china repair strains. Issues such as huawei and cashmere were not discussed. Lets see how we are setting up in asia. Sydni shares gaining up a quarter of a percent. 10 year yields up six basis points this morning. Onare keeping a close eye banks in sydney as they face an inquiry after failing to fully pass on rates. Cuts. Ave passed 57 basis shares down. 7 . Qe stocks are up 1. 3 . U. S. Dollar,n the recovering after the biggest twoday decline in four months and gaining against sterling. 2 10 of aund up by percent. Haidi lets get first word news. We start with the latest on brexit. Boris johnson has told his cabinet he still thinks a brexit deal is achievable. The eu says his latest plan is not good enough to be the basis for agreement. Negotiations continue on monday with brussels warning that time is running out. All sides must be prepared for the u. K. Took crash out of the block. Leaders, including johnson, will meet thursday. Typhoonying out after a left death and destruction.
Year not beating estimates. David it looks like their stock is down in the premarket about 2. 5 . Home depot before you so rudely interrupted me alix david is funny today. David not very funny. Per depot beat earnings share, a little light on revenue. They basically blamed a lot on lumber disinflation, basically. They are warning a lot about china. One is how they want to eat up the lumber costs, a 21 drop in the cost of lumber. At the same time, you have continued slowing homebuilding, but theres a lag for that. Home depot not necessarily feeling the full effect of that could weakness. Because of the price of lumber, overall sales are down. They took it down for the year. There estimates went down. Ls, theykoh reaffirmed their adjusted Earnings Guidance on that comp sales mess. We will dig into retail more over the next couple of hours. The equity markets looking a little bit soggy here, with s p Futures Party much flat. Dow jones off by about five. It doesnt feel like theres a lot of