Paul romer, Nobel Laureate may nyu start professor of economics. Cfo as wen johnson push ahead to a vaccine. Memsic own at present will stay or lower levels until the inflation pool is near. Slack in the economy because of the buyers. Improvedic activity significantly in may and june april,s trough in alongside the ongoing containment of the virus and the associated easing of lockdown measures. At the same time, Economic Indicators remain well below the levels recorded before the pandemic. Alix joining us is michael mckeen. Give us some highlights that set out in pushing forward. It is a reversal of roles. The ecb stepping back from its role as firefighter, getting into a more maintenance mode. Christine lagarde urges the fiscal authorities and the eurozone to step up and take action, approve the 750 billion rescue package they are talking about. She said she assumes they will do that. She says that is critical. The ecb itself not doing anything. Leaving its main deposit rate at 50 bas
Capgemini buys Digital Services firm altran in a deal worth 3. 6 billion euros sending shares in both companies higher. And ecb Vice President denies low rates have hurt profitability of the regions banks and says foreign merger activity is indispensable. The iranian president has hit out at the latest round of u. S. Sanctions and says they will fail. He told state television that the measures show washingtons desperation and that tehran is practicing strategic programs. President trump described the u. S. Penalties as proportionate in terms of a response to irans shooting down of an unmanned drone over the strait of hormuz. He urged iran tone gauge in talktal to engage in talks. My only message is he has the potential to have a great country very quickly he should do that rather than going along this destructive path destructive for everybody. We cant let him have a Nuclear Weapon he says he doesnt want Nuclear Weapons. A great thing to say a lot of things have been said over the year
Guy every single sector bar. None down in europe. A lot of this out of the u. S. Clearly we see the big market to the fed that is being priced into europe. The ftse is down. You certainly have the pause in effect coming through into the u. K. Market. Taylor wimpey is one example of that. We are seeing affects positive effects coming through of a right pause into european, and more specifically u. K. , equities. The question is, what happens if pi goes up next time . Does the bank of england hike . Who knows. Alix in the u. S. , we are data dependent. We get existing jobless claims coming in under 200,000. We are seeing equities pick up to the downside on existing home sale numbers. The s p 500 is down 1 . Major sectors in the red. Amazon down 3 . Seven Straight Days of losses, its longest losing streak since february. What is different in the bond market in the u. S. Is the front end is rallying. You are seeing buying in the twoyear. Yields are lower and the backhand moves with you guy
Good morning. Very warm welcome to Worldwide Exchange on cnbc. Im wilfred frost alongside Courtney Reagan in for sara today. Good morning. I love this song. Our team is so on point with the music. As people know, it would be all boy bands and Andrew Lloyd Webber if i chose it. Lets look at futures. Essentially flat. For the week as a whole we are heading lower, down 1 for the dow. On pace for the worst week since november. Sounds bad, i suppose it is in a relative sense, but in an absolute sense, only 1 of declines as a whole highlights this up from pullback in the last five or six weeks has not been too volatile. Down 1 for the week for the dow, down a half percent for the s p and the nasdaq coming into todays trade, but we are called slightly higher for the dow and s p and the nasdaq expected to open slightly lower. The jobs number coming out later this morning. December was 156,000. Expectations for january higher at 175,000. Lets look at the tenyear treasury note. A bit of fluctuat
Worldwide exchange on cnbc im wilfred frost alongside the lovely seema modi this morning. Welcome back. Well hear your meeting today. Very cool. And also a throwback theme for the music today. What song was that. Rihanna. I was just joke. The theme for Throwback Thursday is early 2,000. Millennial theme. Lets get to futures. Yesterday we had about a quarter of a foerkt a third of one percent for gains. The dow called lower by 38 points the nasdaq by 12. The s p 500 by about six points. In general the u. S. Markets have been much more resilient than their counterparts. Lets look at the 10 year note here in the u. S. Weve seen bond buying in recent days since the jobs number last friday, and yellen earlier this week. And thats continued. The yields have been pushed down. Below 1. 7 this morning at 1. 675. Overseas trade this morning. Closed for the dragon boat festival. South Korean Central Bank surprising markets by cutting the key Interest Rates to a record low but that did not give st