Chance of a vaccine by yearend. U. K. Tohnson asked the move on from around over his top a. Overiding requirements landing spots at key hubs. Welcome to daybreak europe. The tensions between the u. S. And china continue and we have interesting commentary from fed officials, talking about yield curve control. Thats the backdrop in turn of the feds. Seeing a fair amount of green on the screen, overnight also digesting the news of south korea cutting its right to a record low and cutting its gdp forecast. U. S. Futures have given up some of the gains from earlier. Youre seeing some negative come through on nasdaq futures on the report that President Trump is preparing to sign an executive order that could threaten to penalize facebook, google, and twitter for the way they moderate content on their site. Quite a bit higher on european futures after the plan coming through from the e. U. To the tune of 2. 6 trillion dollars, a radical plan. The tenure yield is steady and we saw that reactio
The economy continues to rage on. I will get reaction from trump attorney jenna ellis in just a moment. And what did china really know . Was this virus released in a lab . Where does our relationship with the country of china go from here . I will get answers from Florida Governor rick scott. All that and more on making money. Charles well another morning of disappointing Bank Earnings and reminders of just how quickly economic carnage can pile up when you shut the economy down. But markets continue to also exhibit some spunk and attract buy on dips even on bad news, folks. So what is motivating markets . I want to bring in money map suppress, Keith Fitzgerald and point view Wealth Management david dietze. Keith, let me start with you. The dow is down. I dont consider the dow fob the market. There is no google, amazon, facebook or utilities and boeing has too much influence. S p for the most part higher. Nasdaq soaring what do you make of resolve were seeing these days versus two or th
The pboc cuts mediumterm borrowing costs again amid expectations for further easing. Holds a virtual spring meeting. Welcome to daybreak europe. Emerging markets are very much in focus with the imf meeting. What a dire warning on the Great Lockdown recession. This is a bank of America Survey. The pessimism with cash levels at their highest since 9 11. Globalinvestors expect a recession in the next year. Manus the question is, our markets prepare for that . We woke up to a world which is driven by unilateralism over multilateralism. The halting of payments to the World Health Organization, the policy in the g7, unilateralism within the United States of america is alive and well. Theavorite line apart from 450 increase in provisions of jpmorgan is from howard marks. A healthy fear of loss in the market has been taken away. Weve got results. Forfirming the guidance 2020. Thats a big call. Nejra the red headline is that asml is refraining from giving guidance for the Second Quarter. 2020,
Good thursday morning im Carl Quintanilla with jon fortt and Morgan Brennan dow, s p, and nasdaq at highs. Well be watching for dow 29k here names like facebook awfully close to an alltime high, fall bet, apple, microsoft going back to their ipos. We could use yoosome insight fr you today, bob whats behind this rally why is it so powerful . Is the street behind in their numbers . We think coming out of twooi2019 the nasdaq was up about 39 . But we were coming off an artificial dip, so maybe look from october 1th to the end of 2019, that dip is more like 15 . Strong year, dont get me wrong, but not as anomalous as some would think. A goyear stack basis, how have we done, up about 30 , growth rate of about 15 . Once again strong, but not anomalous. You mean in line with historical patterns. Exactly right you think about the impact of the averages from apple, facebo facebook, microsoft, of that 35 growth theyre about 15 points of it. Pull them out, it would be a 20 growth again great, str
I have to start. Well break down the Holiday Retail rush as power lunch starts right now welcome to power lunch. Lets take a look at where we stand. Stocks are shrugging off the d. C. Drama as tyler mentioned. As tyler mentioned, its christmas crunch time, six days makes me nervous too lets check out some of the retailers hitting record highs today. Nike, best buy and target, hitting their highest levels ever were going to talk about some of those names as the hour goes on thank you very much wall street focused on washington today at least a little brit as the house begins to debate impeachment. A vote is expected to take place later this evening, and a man javers has more. You. See the action taking place down on capitol hill, on the other end of pennsylvania avenue from here at the white house, where it is all quiet in the west wing. In fact, surprisingly quiet, no indication of any particularly special meetings today no indication that the president is doing much of anything at all