Outperformance of small caps for a sixth straight day, so that is sort of the good news, but it is all a waitandsee game as we head into the ecb. Underperformance happening with btps in europe. Twitter earnings breaking as well. Revenue coming in stronger than estimated at it hundred 7. 6 million. 876are shifting at. Illion has a look at the monitor bullet daily active users, they came in at 166 million. That did beat estimates. They did add 14 million average monthly daily active users since the previous quarter. Seeing more activity. Now it is about monetizing that activity. Twitter is up by about 10 in premarket. More coming out later on in the show. We do want to give you a snapshot of all that is moving the market from our team in new york. We are going to begin with the data overnight in europe. Recession,s record plunging into record contraction, shrinking about 3. 8 . The slump adding a lot more urgency for joint physical support and puts more pressure on Christine Lagarde late
21. 5 Million People lost their jobs in april. Oil prices have also been higher last check of wti saw it just above 24. Thats a began of about 3 that link between oil and stock market futures has been strong too. It has been very, very strong it is interesting. It has been strong on the way up the question is was it strong on the way down it is interesting to think what has been driving what . It has been stuck here. It is up 11 the next morning it is 26 and then 23 again. At the end of the session, it seemed to go back. Weve been holding at 24 24, 25 that seems to be enough. These futures are up 250 points every morning. At the end of the day, weve given it back. We are up to 250 again are you kidding me, china, if we are being nice about trade, thats enough to send the markets up again we are back to that . At least it takes the threat off the table. If you start adding tariffs on, i wonder what happens. Earlier this week, all of this harsh rhetoric. We talked about it yesterday, wha
The news which is why im not going to give you those stories those tired stories im to give you the hidden stories and heres one of them this pandemic has been made worse and continues to be made worse by toxic nationalism which is hilarious considering the virus doesnt get by your borders it doesnt care if you put above or you speak a different language or youre an immigrant or you got circumcised in a ceremony where the shah minute chanting and buckets of mangoes and there were bagpipes playing virus doesnt give a 3rd are talking about how one country is better or worse or whatever right now during this pandemic its like youve all heard of angry rhinos was stampeding towards you and youre talking about how you have nicer shoes on than the guy next to you ride knows dont care or rhino is going to kill for you all when the court with the when the coronavirus was 1st being talked about or government and our media used it as a chance for anti china propaganda the New York Times put it th
From President Trump bnp and santander announce they are amid the payout 100 billion scheme to help the answer is after the sanitary crisis to invest, invest, invest thats what europe is going to do so this european data, not very pretty. Numbers are coming in significantly weaker they are even weaker than the flash estimates. The final composite pmi come in at 29. 7. The flash estimate was 31. 4, the final services pmi 26. 4, the estimate 28. 4. The estimate 28. 4. That is the lowest level for the Financial Services sector since the survey began numbers reinforcing the collapse in the eurozone. Final Business Expectations 33. 5 the flash estimate 34. 8. Just by terms of comparison, the february number on that was 30. 3 where are the green chutes the february survey 51. 2 many of these numbers are now ratcheting these numbers represent survey lows with the lockdown appearing to be set for some time here it does feel there is some optimism first thing on the numbers, these are deviating
Court with the with the coronavirus was 1st being talked about or government and our media used it as a chance for anti china propaganda the New York Times put it this way to tame coronavirus malice style social control blankets china oh social control you mean like everyone stay 6 feet away from each other no one go to a restaurant travel restrictions you mean the stuff were now doing in america. But when in doubt racism is always the best bet in a pandemic in fact our buffoon of a president continues to call it the chinese virus because his is a very simple minded man and he can only think in bad and good so he thinks china bad so when hes told that a virus doesnt care about your nationality the 2 hamsters running around the wheels in his cranium they look at each other kind of confused and then they go back to licking their. Trunk cannot comprehend that china has actually been able to slow down this virus and their actions actually helped buy us time by us extra time that doesnt eve