Details for a continent wide bailout. Hundreds more die in italy and spain. We have the stock rally here as well as futures in your appointing lower. Futures in europe pointing lower. This is european banks halt job cuts during the crisis. Awayunder an hour from cash trading. Take a look at the futures. After three consecutive days of gains, we have not seen anything like that on the dac since the beginning of february. It has been almost two months since we had those gains streaks, in which case you can understand that futures are off a little bit. Dax futures off by 0. 6 , cac futures down. After thees are down Dow Jones Industrial average rose 21 in a three day session. They have gained back able market, the fastest since 1931. They are off by 0. 9 . Nasdaq futures down by a little more than 1 . We do see a little bit of a drop in futures, but in the stark market in the stock market lately, we have seen speed regardless of which direction you go. After falling into a bear market at
At this. Look at the market this morning. We are going to be down today, of course that follows an enormous 20 rally in the last three days. Perhaps investors are upset with the delay in the stimulus vote. Perhaps theres some profit taking after the explosive rally. The dow will open this morning with a loss of around 700 points. The s p, down about 200. The nasdaq off about 82. A decline at the opening bell. President trump, he wants to get the economy back up and running again as soon as possible. He has a plan to divide counties by risk, high, medium and low, depending on medical conditions. Some of those low risk counties may be able to bring some people back to work early. Today on this program, i will ask Vice President pence about the president s plan. Thats in our 10 00 hour this morning. The news on the virus itself, the United States has now more cases than any other country in the world, assuming you can believe the numbers coming out of china. Spain recorded 769 deaths in t
7. 75 . Very much under pressure. Vonnie we do have another headline from the Federal Reserve. It turns out the fed will help liquidity and banks even further. The fed will let banks delay the capital hit from the loanloss accounting rules. Banks can mitigate the capital hits for up to two years. Banks also allow the new tools assessment counterparty risk, and this is all on a statement from the Federal Reserve and the last human its. In the last few minutes. Week, including last weekend of very difficult liquidity conditions, particularly for nonfinancial but also for the banks and major banks. Week, including lastwe are not seeing too much relief in the markets. We are seeing the s p 500 down 3. 5 and the dow off its lows but still down 3. 8 . The nasdaq down 3. 5 . At 65 and avix dollar index that continues to weaken. We had a headline from the imf a few moments ago which suggested that 80 countries, including countries have requested aid. The managing director of the imf does not t
Technical people captaining the ship. Better markets, futures up five. The german headline that we just saw really shows a continued stimulus in the air. Francine it is. First of all, well done to our superteam doing a great job. Germany, we had that headline minutes ago which is why i was looking down, the stimulus package to boost the post virus economy. And number of initiatives in europe, and a couple of governments saying not only minimum wage but no company big or small will be left to fail. In france, they made a lot of workers take their holidays last week so if they can reopen they will do so in july and august. The European Union was looking at suspending the budget deficit rules which would be helpful for companies to spend as much as they can. Tom lots going on. We will talk with Kevin Cirilli about that press conference yesterday and dr. Fauci not in attendance. Right now with the news in new york city, viviana hurtado. Viviana republicans and democrats are trying to reach
Holding fire today after two emergency cuts, futures point lower. The economic cost. Larry kudlow says the jobless claims figures today will show a very big increase. Bonusese, wall street could be cut by 40 this year. Just under an hour away from the start of cash equity trading in europe, lets take a look at futures. After two days of backtoback , we did have a record jump on a lot of indexes the day before yesterday. That was bolstered by another gain. Futures are down by 2. 5 . Take a look at futures in the u. S. This morning, we had a mixed picture. Now it is turning red across the board. Futures globally turning lower as we get closer and closer to the european open. The u. S. Senate has passed a record 2 trillion Coronavirus Relief package. The approval comes after both parties moved past a lastminute dispute over Unemployment Benefits for lowwage workers. The onus is now in the democratic led house to pass the bill quickly and send it to President Trump for his signature. Joini