Record high after a global meltdown melt up on monday. Futures are pointing lower. The cash trade tray is less than an hour away. Hong kong on notice. Microsoft joins google, facebook, and twitter in pausing government user data requests. Tiktok also pulls out of hong kong. The risk rally pauses. Equity markets and futures trade grow aboutncerns rising coronavirus infections. Bloomberg learns that Deutsche Bank and google are planning a 10 Year Partnership on cloud and tech investment. Computing and tech investment. Just under an hour away from the start of cash equity trading across europe. Futures are down right now. We see losses on ftse futures of 0. 5 . About 0. 6 . Es, futuresxx you choose down about 0. 7 . Yesterday we got germany factory orders, missing the mark. Coming out at a 10 gain compared to a 15 estimate. Now we are getting german 7. 8 . Rial output rising that is the month over month figure. The estimate was for 11. 1 . Dataagain, german economic missing the estimate,
Economist poll were expecting 54. 2. So it is well north of that. The jobs number well wait for the details of that tomorrow. Im really curious as to what is happening in the employment picture right now. But over the next few days, well get more employee information on that following last thursdays blowout data. But this is a very, very strong number. How did that translate into perception of what is happening with the economy now while Global Equity markets as kaley said, starting to weaken very strongly. The china data helping out. But some investors despite what were seeing, strategists saying the returns to be limited. The c. I. O. Of hedge fund capital is not particularly optimistic. The economy is in a very troubled place. Frankly, the worlds in a very troubled place. The market is across all Asset Classes, the markets are incredibly volatile. The performance within asset class is incredibly dispersed. Thats going to be with us as the Global Economy is likely to move in these fi
Economy. We do think this is going to take some time yields on both sides of the atlantic fall. U. S. Futures suggest the dow will open 500 points lower travel and aviation crowd the stoxx 600 as lufthansa warns of deeper job cuts and unsettled return to work take away shares turn hire as snatching up grubhub. Beating uber to the top seat at the table. A very warm welcome to street signs. It has been a pretty remarkable morning already in the first hour of trade. Weve got a substantial selloff. The stoxx 600 down by 2. 6 it is really a sea of red. Just over a dozen stocks are trading in positive territory. This comes after the Federal Reserve meeting yesterday where they vowed to keep rates near zero through 2022. They forecast about a 6. 5 contraction. When looking at a policy stance and eyeing up some fresh ip infection data and seeing a rise of new cases in the west and deep south concerns of the implications of opening up the economy and measures in terms of infection rates. Renewe
Standout. Take a look, the nasdaq closing above 10,000 which is a now record high, the other majors under pressure. Ordering food delivery. Grubhub to be acquired by European Company leaving uber empty handed. Grubhub soaring this morning, almost 50 7 rather on grub hub. Dont miss that. Valuable insight. President trump headed to dallas to talk Police Reform as protestors continue to take to the streets across the country. We have all the latest happenings coming up. The next jobs in america, with more people working from home the cyber threat is growing. The growing demand of cybersecurity. Mornings with maria is live right now. Maria and Global Markets this morning are under pressure, take a look at burpan indices selling off the morning, ftse 100 down 122, cac quarante down 101 and dax index down 244 right now. In asia right now its red across the board, we will bring you all of that coming up. Oil prices are also sliding this morning along with stocks. This, of course, indicater, s
Treasury secretary digging in his heels on the topic of reopening saying, we cant shut down the economy again, sarah. Gary he cou gary cohn joins us and last month there were more bubbles to come hell join us to weigh in on todays down turn. And the black swan of 020, thats what sequoia labelled the pandemic in march. Well talk to partner roelof botha about how he views the startup landscape right now lets get to the selloff and our team of reporters to break it down mike santoli tracking the plunge Brian Sullivan on energy stocks. Meg terrell covering one big area of the market for the market, the rise in covid19 cases in some states mike, start us off with the broader ugly action that youre seeing in the final hour of trade. There was an easy way to deal with that and hard way we took the hard way a sharp and violent flush, maybe the start of something deeper. I want to point out stops along the way. The easy way is to flatten out the rally and go side ways were below a 5 pullback. T