Brent also lowered to about 2. 3 . With treasuries. Havens like the dollar, the yen. We saw where the nerves are with dollar renminbi. Seeing the hikes inching closer for dollaritory china right now. 6. 4 ,ing a contraction of so we could be seeing a deeper contraction. Financialrom the secretary paul chan saying we could be facing the worst contraction on record. The rupiah seeing some strength here. The carry trade has been coming back. 14,000, 935 around 14,935. The trump ministration is stepping up its attack on china, saying that there is enormous evidence that the coronaVirus Outbreak emerged from a lab in wuhan and china covered it up. Secretary of state mike pao stopped short mike pompeo stopped short of saying the virus was manmade. While the Intelligence Committee continues to do its work, they should continue to verify so that we are certain. I can tell you that there is a significant amount of evidence that this came from that laboratory in wuhan. Business confidence in the
The g10 space. All european bonds selling off and oil getting wrapped up into all of that. We want to highlight all the market moving news from our washington dc offices. Washington, where you have President Trump speaking last night at a fox the conference about responsibility of china with the pandemic. Pres. Trump we have a pretty good roadmap right now. , we have to 60 protect his people. Maybe they stay back longer. But i think you can have it both ways. I think a lot of people want to go back. They just want to go back. Alix Kevin Cirilli joins me now with more. What else did we learn from the president . Walk this forward now that the senate is coming back to d. C. Today. Kevin good morning. The president in that fox news town hall making a declared a statement as it relates to negotiations with lawmakers, saying he would not support any economic stimulus lesson it includes a payroll tax cut. Drawing aent clearly line when it comes to a payroll tax cut. Predictionssed the for th
Delivery of 7 . Look how we are in terms of the major indexes. Asian markets, most in losses tracking to 3 drop on wall street overnight. Opened slightly earlier love earlier. Slightly lower earlier. We are watching petrochina down at this point in time. The hang seng, down about 1 . Kong announced an expansion of its restrictions aimed at curbing the spread of covid19. That would weigh on the economy even more. The sti, down more than 3 . This is a market that returned to bull territory recently and citi said investors are pricing in post recovery. Singapore reports higher cases, more than 1000 for the second day running. I want to dial back to the oil story because we see oil moving to the upside after two days of unprecedented action and a spectacular selloff. Opecplus ministers holding an unscheduled conference to discuss what has been going on. The closing statement signals there are no new measures planned at the moment. Lets bring in mliv asia editor. Oil is on the up. We had tw
The spread are decreasing. And will result in fewer hospital admissions because of the people doing what they had to do. Great people. And working with elected representatives and the doctors, the nurses and everybody. Just everybody. Everybody has been so amazing. Lou President Trumps aggressive strong handling of the deadly chinese contagion has improved considerably his poll numbers. The fox news poll reaching a record high, up to 49 . The latest fox news reading. 79 say the nation is moving in the right direction in the fight against the pandemic. 101,000 worldwide have been killed. In the United States, almost half a million have been infected. 18,000 more have died. Dr. Deborah birx echoed some of the president s optimism that better times are indeed ahead. What has been encouraging for those of you watching epidemic curving every day. For the first time in the jeuts unite in theUnited States weo level on the rhythmic phase. This gives us great heart in specific places and we are
This as china reported no deaths for the first time and it is the lockdown in wuhan. We are standing by for the daily briefing. President trump today had harsh words for the world health organization. As u. K. Prime minister Boris Johnson remains in stable condition in the icu at a british hospital. , want to bring in james camp managing director of Strategic Income that eagle asset management. You have been watching the ups and downs. I am curious if you think that investors will be going up and down as the daily death toll is going up and down, and if that is really the indicator of how things are going . James there is a lack of clarity in what the endgame the. We watch cross asset volatility. A lot of the Asset Classes spiked in mid arch. When you see some better news, you, that elevated historic high elevated. Normal every time we get a fit and start from the headlines, that number just moves around. To me, the risk numbers have yet to be investable because we dont know the ultima