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Territory. We will see how long that lasts. A strengthening dollar today and treasuries at around 63 basis points for the 10 year yield. European markets are returning today. The ftse 100 was the only one open on may 1. The rest were closed. We went lower the first thing this morning. The ftse opened and was trading higher, but all of the others lower. Out of the gate as you say, we got a stronger teller today. A big move coming out of the ecb tomorrow sorry, out of the Constitutional Court regarding the ecb. We had some really poor Economic Data out of the manufacturing front in europe as well. The italian 10 year selling off just a touch. Brent crude up by 1. 21 . Climbing init risk europe unbidden mounting economic concerns over u. S. Suggestions that china hid the severity of the covid19 outbreak. A sickly escalating rhetoric, which is being a little bit aggressive t ....
Cimarusti later on, chef and owner of providence l. A. First, lets take a look at markets. We are down but all of our lows. The s p 500 off by half a percent. The nasdaq is actually up by half a percent. Airlines are the movers as Warren Buffett says he has sold out of all of the four airlines that he has stakese. Lets get a deeper dive into the market with taylor riggs. Track for itsp on Third Straight day of losses. At bank ofrates team america said typically you would not advise investors to follow that seasonality, but it fundamentals match, it could fade that risk rally. Big tech is that they got performer today, led in part by the three trillion dollar companies, microsoft, amazon, apple. Airline serving after Warren Buffett sold his stakes. On a forward pe basis, multiples look higher again. As the denominator of ....
We were seeing a bounce. A few trade and tariff exclusions will now apply on chinese goods. We are closer to reopening, and oil rallying. Some permian drillers are cutting output even as the Texas Railroad commissioner ryan sitton told us yesterday that quotas were down on arrival. We are seeing diamondback,s diamondback,seeing centennial, and others cutting output today. Guy that is feeding through into the china story, and also into what is happening here in europe. Oil and gas the best performing sector. Brent is up 11 . Higher the00 gapped first thing this morning. Eurodollar taking a knock earlier on, that big hit coming through from the German Constitutional Court calling into question the ecb qe program. That also had a fairly significant effect on btp yields. Currentlying higher in italy. The combination of the positive and the negative coming together he ....
Loans, slash grants, becoming available right now, to the tune of close to 35, 40 billion thus farce. Conservative estimates. Maybe as high as 75 billion by the end of day. That is buoying the s p 500. The dow is 19 off its bear market low reached a little more than three weeks ago. A similar situation for the s p 500. Now, about 16 or so away from those lows. Whether that holds is anyones guess. But a lot amid talk as well well get more stimulus here or relief, whatever you want to call it. That it could rival the price of last and most recent relief package north of 2. 2 trillion, hard to say. Blake burman has been looking at all of that. Blake . Reporter hi, there, neil, hard to say indeed. Here is what i am seeing speaking to Senior Administration last night, there has not been sizable movement the last couple days next potential steps coming in terms of economic relief. I am told there are some ideas that they are kick ....