Stage an uprising over the euro grew presidency striking a blow to the blocks major powers. Merkel says the eu needs to combine aid with rome forms reforms in a message to the fruit before. Equities slip. Stock rallyhot cools. State funds start selling, assign the government wants to slow the surge. Daily virus cases in the u. S. Continue to hit new highs, worrying investors. Stuck in the middle. Global banks risk being caught in the crossfire of chinas new law in hong kong. U. S. Sanctions against it as compliance with one may mean breaching the other. Just under an hour away from the start of cash equity trading across the road. Take a look at futures here. We are looking at red arrows. Not a lot of size there. If you look at u. S. Futures, red arrows that are much bigger. 5 10 of a percent losses. S p down. Nasdaq looking a lot more risk off in terms of the futures contracts then european futures contracts do. What do you see on the gmm . Anna the selling you were talking about in c
The final hour and we did get some strong earnings from industrial names like Rockwell Automation and speaking of the president s speech, we will have the first reaction from the white house right here on closing bell. A live interview with top economic adviser larry kudlow in just a few minutes from now. And we will ask him for some clarity on china and the status to have the trade negotiations joining us now for the hour is steve grasso from stuart frankel. Kind of a quiet market day here, but perhaps a little bit of upward bias for a while until just the last several minutes. I think its about everything that you just touched on i think its the majority was President Trump, the expectations coming out of that speak that speech at the Economic Club. Was he going to unveil anything that the market didnt already know so once you get through it and there was nothing new that the market could bite into, the market sells off sort of an anticlimactic feel to the whole day. So we had some a
Our correspondent minutes a time when these island where a deadly confrontation and beijing stepped up the trolls, the local fishing crews on the lot. And the tesla is europe an Assembly Plant nibble in grinds to a halt because of a suspected austin attack on nearby power lines. The left wing millison group says it was behind the incident, the by the im on Youtube Mccain and welcome to the program. We started in the United States west super tuesday, appears to have looks in a re match in november. The general election between donald trump and Joe Biden Biden has no real opposition in his democratic policy. And media reports on now saying that trump only serious challenges. So the republican and a full months un invested, and nikki haley has decided to drop out verses in 16 states from alabama to alaska. Had that chance to choose the preferred president ial nominee in their respective policies, among republicans from one old but one state that gave him at least 995 Convention Delegates
John, are you worried about the overall market and oil . Will oil drag down equities . It has held us back. I think wed be higher were it not for that downward pull, brian. But will it stop us from working our way up . No, i dont think so. I think it will slow the rise. I dont know how much further we go, brian. I know into the november opec meeting where they were talking about Production Cuts, the ovx, which is the volatility metric for crude oil, it spiked to 55. Started at 33, spiked up at 55. You know where it is right now . 33. What does that tell you . To me it says that not as many people are in this commodity right now. Joe probably has done a nice job of telling folks dont try to draw a hyline in the sand here. But the producers are the ones hitting it here. I dont think this is traders. I dont think traders are actively in crude oil at this point. Time flies. Weve got the sixmonth Production Cut deal opec famously made expires may 25th. Thats the next opec meeting. More expe