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States to roll back their reopening process. And the move today in part driven by the banks. Goldman sachs, jpmorgan leading the dow lower as the Federal Reserve clamps down on dividends and buybacks amid the pandemic stress are the banks really as strong as they seem plus, the airlines are getting crushed today. Executives will meet with Vice President mike pence as we speak to ask for more aid as travel remains on eyes for most of the country. We will have more on that, kelly. But now over to you tyler, thank you so much the other big name, nike down 6 , almost 7 now after an ugly quarter. They missed estimates by a long shot revenue dropped 38 . Setting off a key debate on wall street we could be in for an earnings season of pain as Companies Struggle to get back to business we will continue to backstop any marke ....
That is where we are at the moment. Another down day for crude. Brent also down. Tom lets get more analysis on the market. When you look at what happened with help things are playing out in asia, is it taking offer a stellar quarter . Probably a bit of both. Concern withys the cases we have seen. In cases like texas. They have a bit of a crisis going on there. The fact that new york, new jersey, and connecticut have now set a quarantine for people who travel from these hot zones and the rest of america. Imposing an economic constraint. They are worried there will be another abruptness to this. That the Economic Growth that america had. In states of new york, when they take this action, that is a worrying time. That would hurt businesses on a much bigger basis. That is what wall street is concerned about. The hit to the economy. There has been talk the u. S. Government is getting ready to do a fourth round of fiscal stimulus. Ther ....
Find it legitimate that these Companies Pay their taxes. European markets trade mostly lower as a surge in cases in oklahoma and beijings flight ban fear a second wave of the virus. Wire card shares trade near the bottom the publication of the german groups numbers are delayed three times. The bank of england is expected to expand its bond buying plans now saying they are, quote, under active review. A warm welcome to street signs. French finance minister has hit back at a u. S. Decision to walk away from digital tax talks. The mayor called the u. S. Decision a provocation and said the tax itself was a form of justice. Translator we have received with my spanish, italian and british counterparts, a letter from Steven Mnuchin stating that they dont want to continue negative oceanition at the oacd on digital tax this is a provocation to all the partners we were just a bit away f ....
Albertsons ipo. All of the stories that we cover so closely i know. And banks already rallying today off that deregulation news earlier on the day theyre up 1. 6 at the moment. The top of the s p 500 sector. We have a huge show coming up on closing bell. On the day, we get the stress test results that sara mentioned. Well be talking to the ceo of barclays in a rare exclusive interview. Thats just about five to ten minutes away after the close, the they will join us this is the sign for the first time in months so lets get the pictures here mike santoli is here for the markets. The moves and valuations he is tracking the surging covid19 cases across the u. S. Mike, first to you. We have a pause today in the markets within a pouz. That is similar to a couple weeks ago. We this that big down day number real sustainable followthrough to the down side why is that . It doesnt seem like theyre overleveraged in a way that kree auts a liquidation cycle on the down side. There you see that flat ....
Industrial data out of germany. Desha back to that euro. Within back to that euro. We have seen Christine Lagarde speak for the first time. She has been talking about the impact that the coronavirus has had. She said that the policymakers that the ecb have done what is justified but she continues to push for this idea that we do need this fiscal pop package to come through. The european commissions proposal for a revised financial train work and the next he generation eu are decided in this regard. It it is association it is associated with the proposal and could have an impact on the International Role of the euro. It will important to adopt that package quickly. Christine lagarde speaking a little earlier today. She will speak at the bottom of this hour as well. Speaking to us from washington is adam pozen. Banks,alk about central particularly the ecb given the fact ....