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Weve had confirmation of a monster deal. Ryanair, europes largest carrier, committing to the 737. Maxs. Oing to buy 75 737 this comes on the heels of that grounded,being un after the huge grounding following those two crashes. We will be talking to the two ceos of these companies at the top of the next hour. Alix this is your super bowl. I just want to point that out. Some data dropping right now as well. Ism men effect ring data for november ism manufacturing data for november. Mike mckee has that. Michael it is slightly less than we expected. It comes in lower than the prior month. The services pmi comes in at 55. 9 from 56. 6. Not much of a change. Still growing strongly, which is important because this is a Services Economy. New orders were down a touch, as is the business facility. 51. 5 from 50. 1. In the Manufacturing Survey earlier this week, we saw employment ....
The system . Michael no. He repeated that comment today as his parts of efforts to Tell Congress they need to do more in terms of lending programs, more in terms of fiscal support. Strategy oferall letting inflation run hot or is designed over the longterm to try to help by not cutting off credit to the economy when it starts to reach the lower levels , when Economic Growth starts to help the people he was talking about, which is what they did in the last expansion. Where theill take a long tipecd first 300 billion 300 Million Dollars will go. Andlked with their chairman ceo, brian moynihan, about that program. We have a billion dollars across 1 billion across those programs. One is entrepreneurship, one is educations and job creation, and another is health. You have the healthcare crisis, which affected these communiti ....
Other. Yesterday, down over 200 adding that, you are down more than 1,000 points of decline in early session right now. Well see what the market does as we get close tore reopening and of course to the closing bell today s p 500 down 33 and nasdaq down 101. The central bank indicated it would keep Interest Rates near zero projected that the u. S. Economy will shrink by 6. 5 in 2020. They do see a gain they are expected by 5 in 2021 followed by 3. 5 gain in 2022 and will continue increasing Bond Holdings and Mortgage Backed securities at 40 billion a month. Take a look at the 10year note, yield now sitting at 0. 698 . Crude oil prices have also come down a little too. Wti is down about 3 this morning. Ticking at 38. 38 a lot of this is because of what the fed is you no saying you are really expecting some tough economic s ....
Highs today, down about 2 . Trading volumes are down for the dow, s p, and nasdaq. Remember, we have a short trading week next week because of the memorial day holiday. It will be time to take a breather and plenty of people will be doing that. S put of 11 groups in the 500 closing in the red. The exception, industrials. Boeing and raytheon. Fromng to keep the dow falling as much as, say, the s p and nasdaq. Andre seeing some buying some of the beaten up areas, including small caps. Lets bring back dennis to. Ushehr of evercore isi in terms of data, highfrequency data will be top of investors minds. We do get some housing numbers tomorrow and there is anecdotal evidence that there are a lot more people interested in moving out of cities, certainly in the tristate area. Parts of that, that part of the economy still continuing. What is your view in terms of housing and how that will play out . It is one of the good aspects of the pandemic, that we went into this with an extremely strong ....
Depression. While big0 jumping, tech the nasdaq forward. , butwarnings about growth despite the doom and gloom, australia is back in the market. We are seeing futures look like this. U. S. Futures unchanged. This is after some stocks climbing on signs of the outbreak easing. We had a cloudy picture when it came to corporate earnings. Big gains from tech giants. Aftergan and wells fargo profits hit by major provisions. The nasdaq gained almost 4 . Take a look at oil, now rebounding from a plunge of more than 10 in the u. S. Session to the lowest in two weeks. This, as we had that historic production agreement, but still concern demand destruction will offset those 9. 7 Million Barrels per day cut. Holding about oil 20 a barrel. Still waiting for President Trumps press conference. Aboutabout to speak how he is handling the coronavirus outbreak, as he clashes with governors, c ....