It and shares of astrazeneca falling premarket, the drug maker hitting pause on its late stage Coronavirus Vaccine trial. Jim, you just tweeted coming to us in a few. Fired up about what . Fired up because i think that people have given up we had 10 correction, most of the people i heard except for jim pullsen in the previous show basically say, look, this is a dangerous its a bubble, its a bubble, its a bubble. Now, i think that anytime the market opens up big, carl, i dont like it but europe is up strong, i think that this idea that its a bubble, what is the it is the it tech is the it apple . Is it tesla . Lets take it case by case ive seen things that have come down a lot that are very interesting. Its just that im not sitting here saying this is the moment where you must buy all the zoom in the world but zoom just fell 30 zoom had a really great quarter. I had cloud strike on last night. People will say these are viciously overvalued, but they have come down and maybe this is the
Thing back. In the new york, new jersey, area, some promise that the worsthit states are at least pondering openings as soon as tomorrow. The very latest read on all of this from jackie deangelis. Hey, jackie. Reporter neil, as reopenings continue in slow phases across the country, reminder this mornings weekly jobless claims added three million more people to the list of unemployed. The number was higher than expectations but it was lower than it was last week. So that was positive. Remember the total number of jobs lost in eight weeks, more than 36 million. That is a backdrop here. That is why reopening is so important. The sooner the country can do it, the more people can get back to work. Now in florida universal orlando is partially reopening today. The citywalk portion is going to be on reduced hours but masks are a must. There will be temperature checks. On may 20th, the plan is to open disney springs. That is where the shopping and dining complex is. The rest of the park is clo
Relatively good news out of new york where hospitalizations continue to decline although there is a spike in deaths in the state. The governor is worried, outlining for folks the idea of a staggered reopening of the state. Only 45 minutes after new yorks mayor bill de blasio was saying look, it is looking like june. That the city will not be able to open up before june. That was not exactly worthy after fox news or fox business alert. No shocker there. A highranking mayor of the city was making it official all you needed to hear, wow, this whole comeback for the economy which cant get any robust way without new york kicking in is not likely to happen. So that is kind of been pulling and pushing at investors today. Jackie deangelis has more on all of the above. Hey, jackie. Reporter good afternoon. Good to see you, neil. Thats right, the market is paring the losses right now. Youre right stocks are kicking off the week in the red after a very strong week last week. Investors are cautiou
At 1 00 p. M. Today. Time now for global exchange. Tom hong kong to beirut, berlin, brussels and washington come our bloomberg voices are on the ground this mornings top stories. We want to begin in china. Chinese vice premier liu he will travel to washington next week to sign the first phase of a u. S. Trade deal. Ranthe current enda cur joins us. In some ways, no surprise. Enda no surprise, but is the first indication that we will find this next week. It will be a pretty heavy delegation with the vice premier. Other trade and commerce related officials. We dont have much more detail be on. The Foreign Ministry didnt give much more detail. That agricultural goods are part of the agreement, but we dont know what else. While this is obviously a positive sign that the trade deal will go ahead, a lot of people will be looking for any final hiccups in the days before the signing, and of course, when the details come out, there will be a lot of scrutiny. Alix thank you very much. In beirut,
Maria big show this morning, joining the conversation fox business Dagen Mcdowell, the host of the secrets of wealthy women podcast veronica is here and entrepreneur kevin oleary. Do you want to take money to the sidelines until a deal is done . I come to the conclusion the market wont care because whats really occurring here is we have back tax, valueadded tax on chinese goods and they have been absorbed quite efficiently in the u. S. Economy, every other g7 has a back tax, we have one just on china. I dont care if they continue to ratchet up the tariffs because i think its the right way to get a deal done. Maria youre in on this. People were expecting recession or some sort of recession in 2020, not hearing that nearly as much anymore. Maria absolutely. Whats predicated on that is theres a trade deal, we will see a pullback in market in 2020. Dagen market has told you that the Recession Risk has fallen because the yield curve is no longer inverted and the 10year yield on the treasury