Warns america to prepare for a painful time as new york surpasses chinas Hubei Province in reported cases, the deadliest day so far. Japan proposes its biggest ever stimulus package as the virus threatens a deep recession. The Business Survey this hour will gauge some of the damage. Haiti. Haidi haidi. Haidi lets take a look at how we are setting up in australia. Trickling online in the staggered open, seeing early signs of positivity when it comes to this market after ending the session lower yesterday. We are seeing upside of about. 7 at the moment as we are awaiting the rba march 18 Meeting Minutes later today. We are trying to get past the worst quarter ever, so downside of 25 for australian stocks over the last three months today is a new day and new zealand, we are seeing gains for a Third Straight session as the rbnz is doubling down in the bond purchase program. Japanese shares looking a little bit lower. They had the worst quarter since 2008 and the kospi also trending lower a
Probability an october fed rate to 90 Technology Leading todays come back nasdaq is higher up about 1 . We got our team of reporters standing by. They will break down todays whipsaw Market Action. First joining us is stephanie link interesting day weve had here we were on together at 10 00 market immediately went down i called almost a percent. Here we are back up. What do you make of it its a wild day its not over. I think its bad news is good news the data was soft. Both ism reports were soft well have to see what the nonfarm payroll will be tomorrow it will be on the softer side. What does that mean . Does the fed cut 60 chance for december cut, and speculation that maybe trump gets more desperate to get a deal done, trade deal done thats why we rallied. This is a pepsi market pepsi i like that it really is. Truly. They reported a good number, inline revenues. Market wants 4. 5 steady organic growth a steady yield paying 25 times. I cant do that because its too rich for me. Thats wh
Reinforce a sobering message. Bloomberg technologys says apples new iphone features equipment that is best in class. We are seeing u. S. Futures under pressure, down. 1 present. 1 . Make a comeback after dropping about 1 as we services readings. It managed to bounce back. Investors bet more said action will be needed. We have the 10 year yield falling for a sixth consecutive session and headed towards 1. 5 . Contact leslie gains with the nasdaq gaining more than 1 . Sophie. Sophie futures are looking mixed as the regional benchmark is set for a third weekly loss. In tokyo, we are watching for reaction to reports that the u. S. Japan trade deal will take effect on january 1. President moon is to meet with the chiefs of four business lobby groups. He will meet with investors to explain the state of the economy. Switching the board to check in on bonds this morning, we have aussie 10 year yield slipping below 90 basis points, and the kiwi 10 year yield is below one percent this morning. A
Stock. Its our call of the day the Investment Committee is ready to go. Halftime report starts right now. Welcome. Good to have you with us on this thursday our Investment Committee at the table. Josh brown, steve weiss and director of market strategy. Well begin with the selloff stocks rebounded and down again. Another volatile session all three major averages were down half a per at the lows. You have your special suit on today. You get the ball first s p coming off backtoback declines and today you got what you didnt want. A read on the Services Sector which suggests that were slowing there, too well, it was telegraph 48 hours ago when you saw the Employment Index and warranted at the time to give consideration of the strength to not only domestic economy but the Global Economy being the u. S. Consumer and were they in a position where they weto weaken. As it relates to the market, absolutely the selloff is warranted if youre going to see the consumer weaken i think it also gives yo
The meeting will come to order. We will have our Opening Statements. The Committee Meets today for the nomination of general john hyten to be vicechairman of the joint chiefs of staff. We thank him for being here today and we welcome your family who is here, and your friends. They can be introduced at the time you are recognized for your Opening Statement. And then we have the questions that you have to respond to first permit do have any governing conflicts of interest . No sir. The orgreave confirmed to appear or justify upon request before this committee . Yes sir. Do you agree to provide documents including copies of electronic forms of communication when requested by a committee or to consult with the Committee Regarding the basis of any good faith denial or delay in such documents . Yes sir. Do you agree when asked to give your personal views even if they differ from the rescission in power . I do, sir. Will you ensure that your staff complies with deadlines for requesting commun