Average stock down 6 . It has been one portion of this market which is absolutely ripped through 2020. Lisa are we at the phase of recovery where you can go into more cyclicals, given the fact that you saw a bit of an increase in treasury yields . Treasury yields coming back down today. We are going to be getting data, though, i date 30. One thing i am at 8 30. One thing i am watching is the jobless claims, still expected to come in at over one million americans in the past week, even though it is expected to come down. A. M. Aen 40 5 10 45 a. M. Conference from Speaker Pelosi on the road to nowhere. Each week that this goes on is more pain. Selling 26, u. S. Billion of 30 year notes. Strong demand all around, which has given investors some comfort that the bid isnt going to dry out. Jonathan starting with equities, equity futures this morning looking like this on the s p 500, against a bond market that is doing ok. On thefutures unchanged s p 500. In the market, in the bond market, a
Jonathan ferro and Lisa Abramovitz are off today. Joining us today is anna edwards from a simulcast. Dow futures up 62. All the politics in america. Milwaukee in a virtual convention. David westin leading our coverage on that. What i find absolutely interesting and i think london has done a better job of this is the shutting down of our economies. Our coverage of the tourism in , all the beaches in the summer, how shutdown is london . Anymore, all that much it has opened up, in theory. This is a services economy, and plenty of people, including myself, are working from home. In terms of the shut down, we have lifted a lot of the lockdown measures that had been in place. What is on my mind from a market nightclubs and aviation. Those are really driving sentiment across the european continent when it comes to our freedom of movement. It is being eroded, perhaps rightly, because of the virus. That is not good for nightlife or the aviation stocks we see under pressure. Tom we have been wat
No let up to the s p 500. After all that negative Economic Data, we have the 10 year yield back down to 65 basis points. Crude oil is trying to make a run for 20 a barrel, a whole . 14 lower their. The vix is trading just below 42. Halfway into the trading day. Lets get to Abigail Doolittle for some more detail. Abigail that was certainly a risk off picture. Thatinancial markets on dire Economic Data we have seen today. Subsector picture it gets worse. Look at the s p 500 energy index. Down 6. 3 . This antipathy in sympathy with the volatility for oil. We also have the bank index down sharply for a third day. More bad earnings from citigroup and bank of america. A global macro picture is not great. Auto down, airlines down even with a bailout. One area that is doing better is the faang index. It is doing quite well. A piece of this is tesla. Take a look at tesla over the last 19 sessions. Tesla has actually doubled. Goldman sachs has initiated on tesla with a buy rating, but it is extr
Luxembourg, greece, norway, spain and ireland. Ascento continuing its to the highest level since 2014. Sovereign bond yields, commodities, ubs your final three columns. Best annual results since 2011. The election of Emmanuel Macron combining with that global it is in confidence being bolstered by macrons Economic Reforms and tax cuts implemented by the previous administration. Growth at 1. 9 . Far above the. 8 average through in the 10 years 2016. We have some stories to tell you about today. In 9 increase in fourthquarter adjusted profit, narrowly missing estimates. Orders were stronger in china and north america, particularly its diagnostic equipment business. They missed on Health Care Equipment and services while exiting from manufacture products the Amsterdam Company is aiming for more totnerships with hospitals sell xray and diagnostics machines. Today,up almost 5 reporting its first gain in annual profit for four years. The watchmaker boosting its share of the lowend timepiece
The city and wall street consider how fixed Income Research will survive as we know it . We start with the big issue today, without question, the u. S. Jobs report. One month is noise, and the next few months will be noisy bigs of disruption with the hurricane. It is on the softer side. It benefits all their positions in International Markets where we think returns will be higher, but we should not forget that this number will be back on track before long. Claims are much more stable than payrolls, and they are not showing any problems. We have had ulcers of numbers. When it is not confirmed by other data, Consumer Confidence remains strong, i think the market is going to blow this off. That which number has been flat for a long time. We need to put more money back in u. S. Consumers pockets. That is what were trying to do by wage growth and tax efficiency. I think the fed is focused on wages and inflation. Eak report. Tom the best thing about bloomberg today, the jobs report and those