Restrictions in new york city is boosting education about masks and social distancing. U. S. And china ramping up tensions. Washington rejects beijings claims to the South China Sea and top senators are facing mainland sanctions. Shery lets get you started with a quick check of how the markets are trading. U. S. Futures opening higher, gaining one quarter percent after stocks fell in the regular session. Sharply higher throughout most of the day and then we saw a bearish reversal in the afternoon. Marcus dealt a double whammy with data showing that virus cases surged in california, as they that makes up 15 of u. S. Gdp. Not to mention escalating tensions between the u. S. And china. The u. S. Denounced chinas claims to the South China Sea. The s p 500 at one point hit the highest level since march before falling in the afternoon. Led by tech and communication stocks. The nasdaq composite hit another record high. At the end of the session, the biggest fall in more than two weeks. Take a
The s p is up. The pmi data driving the euro higher. You are seeing a little bit of a market, buthe bond its not a big one. Its not really reacting in the same way that the rest of the market is. We have some great guests lined up. Hour, up later on in the the former secretarygeneral of nato and former Prime Minister of denmark. We will get his take on whether europe is capable of standing up to china. He wrote an interesting piece today. We will get more on that. Alix to start focusing in on europe and the optimism from the positive pmi, mike mckee joins us now to dig through the details. Mike, what are the highlights . The question would be why better ko not doing is why is france not doing better . Measure howxes Companies Think this month is compared to last month. It doesnt tell us anything about the level of activity, but it does tell us there has been some sort of rebound, particularly in france. The french manufacturing numbers are over 50. The Service Numbers are over 50. And
A postbrexit trade talk. Matt good morning, lets take a look at what you need to know this morning, starting with gold. It is on track for a fifth day of gains. Lets look at the nasdaq, why dont we . Yeartodate to date, hitting another alltime high. There you see gold. Actually down this morning. If it rises, it will be a fifth straight day. Interesting to look at u. S. Treasuries right now. We do have a story out on the bloomberg where Michael Kelly from pine bridge investment expects it to be up to. 5 in the spring. Almost 100 billion. Have to listen to what he says about the 10 year yield. In asia overnight we see gains in european futures. Tech shares is really the top headline. Amazon was among the top performers. It reported a recordbreaking Holiday Season. Bloombergs index of consumer comfort hit a nine week high on greater optimism about the economy. What do you think about all of the good news we have had on tech in the Holiday Season . Haseems like the growth expanded at a re
Today, along with utilities. The dollar index weaker. Lets get to the markets now. Joining us in studio is Dennis Debusschere, evercore isi head of portfolio strategy. We have a great piece on the bloomberg today talking about the decade beginning with everything crumbling and a lot of panic, and now we are heading into a new year when apparently nothing can go wrong. Dennis i think part of the reasons the market is acting like that is because people think everything is going to go wrong. That has created what we call the silent melt up. This is actually related to the fire and ice title, which i think is excellent, because there has been a complete change in the relationship between bonds and equities. Bonds are longer duration assets as they had against lung equity exposure globally. That is usually a deflation hedge. Deflation was not something that existed preGlobal Financial crisis. There areist now, and only three Asset Classes you can hedge for deflation. That has anchored 10 ye
Before Mark Wahlberg hit it big, he had a rap sheet. Why hes asking for forgiveness 30 years later. Should the original bad boy be given a clean slate . And good morning, america. Welcome to t. J. Holmes. Hey, hello. Just trying to make lara proud. Always do. Try not to mess up the seat here. Its interesting to see how the markey mark story works out. Hes seeking redemption for his own kids. Were going to begin with the outrage in the streets. Protests from coast to coast for the second night after the grand jury decision in the eric garner state. And we are in Staten Island with ron claiborne. Reporter good morning, george. Im in the calm eye of the storm of protests that are sweeping the country. Those protesters chanting i cant breathe, the last words of eric garner, and dont shoot. Holding up their hands. This as were learning more about the inner workings of the grand jury that didnt press charges against the Police Officer in garners death. They came by the hundreds, then the tho