U. S. Took preemptive action in terms of export controls for the city. Yvonne the one thing the chief executive has said is u. S. Sanctions will not scare us. That is the latest response from carrie lam. Given what weve heard from the u. S. Recently when sanctioned chinese officials over the security law, and also now as you mentioned, paring back trading benefits that hong kong has enjoyed with the u. S. As well. The market seems to be overshadowed by better data. Pretty early when it comes to pmi data in china that came out at the top of the hour. It seems like at this point its really about the fundamentals more than the politics that is driving this rebound we are seeing in risk assets today. Look at the asiapacific benchmark, up 1 . Set for the best quarter since 2009. Still, asian stocks have not really recouped most of the losses we saw in the First Quarter, but certainly u. S. Futures pointing positive as well. The hang seng still up 194 points despite what we have been hearing
Good monday morning. Welcome to squawk alley. Im Carl Quintanilla with Morgan Brennan and jon fortt at the Stock Exchange it is a historic day of trading. We will begin with the selloff which did include a break with Circuit Breakers richard on the stress test for stocks, mike santoli on the crude awakening in oil prices as the saudis launch a price war. Rick santelli on a bad yield trip for treasuries and Steve Liesman on the fear and the feds response bob pisani, lets begin with you and think about whats important this morning. Whats important is how did the system respond to the immense stress that we had today. This is the first real test of the margin Circuit Breaker system set up back more than 30 years ago and we did have a halt on the s p at 9 33 for 15 minutes. The by all appearances it looked like it went well it reopened understandably some bargain hunters there, a mild lift in the markets so the mechanics seem fine. What was distressing to see what happened to Oil Stocks Pu
Stand with the deadly outbreak. But first our panel, gary kaltbaum, robert wolf, liz peek and steve moore. Lets get straight on it with blake berman at white house for more on administrations responses effort, what have we learned . Reporter just left the cabinet room, there was an hourlong meeting between President Trump and top leaders of pharmaceutical industry, the whose who of companies. Diswrons anJohnson Johnson, p, glaxosmithkline. The message was a couple fold, he wanted to listen to see where they stood in the process of delivering a vaccine or maybe a cure down the line, but president also want toed to make sure they could do so, preliminarily in up potentially in upcoming months. Were working hard to expedite the process of developing a vaccine, and moving with maximum speed too develop therapy so that we can help people recover as quickly as poke. We have a lot of recovery going on. We want to see if we can advance that. Likely tooer that therapy will be available before v
Now we are at 29. 80ish we have been going side ways most of the year in 1997, the year started at an alltime high and went up. It is true. You think about where we were Christmas Eve and we had taken a huge plunge. We got it back interesting on the performance. Similar to the u. S. But china lagged significantly where we are in the trade war. Who is hurting more or less. Down about 4. 7 china has closed today but something to keep your eye on treasury yields are up part of that because of a weak japanese option not exactly for risk on reasons. I wonder if the new quarter means youve loosened up a little bit looking even at absolute levels, a lot of that has been weak. At the end of the quarter, it hasnt money too significant well be a bit of a head wind. Still talking about growth from 6 yesterdays day was fractionally better the eurozone manufacturing and final print was a tiny bit of expectations still the worst to october 2012, the Global Growth out look does not look particularly
This is just under two and half hours. This meeting of the Senate Judiciary committee will come to order. A hearing on gun violence epidemic Public Health crisis is todays topic. Well hear from Public Health experts who have been on the front lines of gun violence epidemic. We understand the pain of a lump on his fellow member has been taken away too soon by the pull of a trigger was in the aftermath tearing through bone like it is tissue paper. In cities like chicago to a constant drumbeat of a gun gunviolence has turned Public Health professionals into battlefield experts. Chicago faces the same challenges as many other cities and towns. Many rural areas need higher rates of gun violence than the urban areas. Across the country gun violence is a Public Health epidemic more than 2022 firearm related deaths in the United States. That is 132 americans every day dying from gun violence. Than half theg firearm related vents or suicides four out of 10. Children and teenagers. Not auto acci