The sessions you want to take a look at whats happening with u. S. Equity futures this morning. Dow futures up 10 points, s p up by three we are still under water for all three major averages even after the gains we saw yesterday the dow down about 3 . The nasdaq is down 5. 6 also bumping up against the end of the quarter. Major averages still in positive territory. Youll see now, it looks like the 10year is sitting at 0. 65 of 1 . Andrew, welcome back thank you, becky House Speaker pelosi said democrats proposed a new 2. 2 trillion relief bill saying it is a compromised measure with in funding for schools and airlines white house chief of staff saying President Trump would be willing to sign a 1. 3 trillion relief package well see, guys where this all heads. Inching along we went from 2. 3 to 2. 2. I dont know where the white house is Vice President mike pence said yesterday americans should expect a rise in covid cases in the days ahead as testing increases in some midwestern states
And across this nation, particularly those of home, alling at different home, all different shades. My major message today is the crosscurrents that we the of where welysis are this middle of june. Of where we are this middle of june. The bar for the good news gets higher. That has been the big debate the big debate we cant choose one or the other. We know a lot more than we did when this first hit. I think the spikes we are going to deal with down the road here, we are going to be better prepared for them. Weve got the population operating in a much more safe fashion than when this first hit. I believe weve got a lot of companies putting a lot of energy into how to operate a business with a pandemic, and i wouldnt underestimate capitalists figuring that out. Weve got scientists working for treatments that can reduce the death rate before a vaccine is discovered. Theall, we kind of nowhere primary death rate is among older and compromised individuals that we can put a big ring around.
Europe is steady powell makes some remarks later on tonight road map begins with megadeal monday lvmh announcing a deal to acquire tiffany. Charles schwab buying ameritrade, 26 about the all stock deal it will combine the companies the two biggest publicly discounted brokers will have more than 5 trillion in client assets ebay set to sell off stub hub for 4 billion david has details on that. Lets start with this Historic Deal in luxury goods lvmh will acquire tiffany. The deal is worth 135 a share, two Companies Expect to complete that deal by mid2020. I assume you can fill us in on what is going to happen to the brand, synergies and all of that. Listen, i mean, it is an important transaction for lvmh, which tried twice before as my understanding and not been able to get there had done it privately. From a m a Strategic Point of view, this went about as well as sort of it had been could have been hoped for from both sides. Seasoned advisers on both sides, who i think i thought they wou
You see a little bit of haven buying here today. Treasury yields pretty much lower by about a basis point across the curve, led by the 10 year. Guy in terms of the session, we are at session highs in europe when it comes to equities. 600. On the stoxx london is outperforming. We are seeing some of the hotel stocks at the top of the pile, but every sector is in positive territory. Stocks are trading a little but higher. The pound is higher. The conservative party continuing to maintain a significant lead over the opposition rivals ahead of the election, up next month. The tory manifesto over the weekend, though, in some ways does raise the risk of a no deal brexit. That is certainly not being priced in today. Weck up to 1. 29 again track back up to 1. 29 again. The Turkish Military starting to test the russianmade Missile System. They turned it on, basically. This may raise the risk when it comes to sanctions, so the turkish lira down by 0. 4 , the dollar up against this turkish lira. R
A similar story playing out in the small caps. Is all small caps driving the rally here. The big caps still in play, but remember, we had that medicines deal with novartis, pushing Biotech Companies higher. Seeingsame time, we are the Semiconductor Type companies lift the smallcap indexes. You can dig a look at the dollar, fluctuating between , ans and losses, but overall fifth day of gains in the dollar. This will take us back to another streak we saw earlier in the month. All that talk about the dollar weakening doesnt appear to be whats happening. Even on a day when the markets are up, youre still seeing people fled back into treasuries. Guy european stocks at session highs as we head towards the close. ,ealth care the primary mover adding to the upside. We are up by just over 1 . The pound is trading higher, as you can see, by 0. 6 . We will talk about that in detail in just a moment. The lira under a bit of pressure. 400y have turned on the s Missile System in turkey. That may acc