Rose. Microsoft saw a better First Quarter revenue, helped by demand for Cloud Services as more people work remotely. Sales through september topping 37 billion. Melbourne, the merge from a melbourne emerges from a strict lockdown. Ours and restaurants are reopening, even home visits are allowed. Shery lets get you started with a check of the markets. U. S. Futures opening lower, down. 4 . This after stocks fell to a three week low in the regular session. We had cyclical stocks taking the brunt as virus cases continued to climb globally. We have the nasdaq composite pulling back of yesterdays losses on the deal around amd. Durable goods orders coming in better than expected. Lets see how things are shaping up for the asian markets. Here is Sophie Kamaruddin in hong kong. Sophie we are seeing losses continue here in asia. Chip stocks very much a focus after amds deal to buy. Earnings. We have results from sony, zte, as well as budweiser asia to name a few. And a straley or, we have had
The nasdaq at 2. 0 we can buy the stock we can buy the recovery stock once we get a vaccine. We have people returning to the cities we buy the apartments. We have a lot of people eating at home will soon eating out again with a vaccine so not by the food packet place and the restaurant thats adventure wisdom. After a huge run over the last week and a half where the market is very over bought and a ton of strategists raising 2021 dramatically i am going to articulate a different field, a caution one it never works out that everyone wins i am going to sigh at tay at th beginning. I dont think all of this will happen you got to know, maybe have some cash if stuff happens, you can use the buy. First, it is terrific that we can see through the valley of the shadow of covid. Jesus, we are seeing at insane number of new infections here to the point where hospitals are overwhelmed. While we gotten much better treating the virus, it is undeniable we are approaching a triage situation. Not good
Most well litigated. One legal tracker is already following around 400 lawsuits filed. It is not just the white house and congress. Americans will be voting on everything from the gig economy to marijuana to taxes. Joe, we all know, after brexit, after the 2016 election, pulls, you have to take with a healthy dose of salt, but we are going to look at them anyway. Joe even in the absence of perfectly reliable data, we will tell stories on the data that we have. Polls all seemhe to be saying the same thing. Most people seem to think that joe biden is going to win. You can see how similar trumps pulling his versus the same time last year. The polling is, similar. Not sure what that chart tells me. Should i panic . Joe sell everything, by and back in the morning. Up a lotwhat tripped of people in 2016 was not the popular vote, it was the Electoral College trumps into thosereally go swing states and dominate there. We just had ed ludlow talking about what is going on in arizona. Us, keeping
Might have ohio in play. President trump arent storming across the country, North Carolina, a key senate race. Also going to be making stops in florida, in pennsylvania, iowa, where he is trying to give a lift to senator joni ernst in the senate. All of this comes at a time in which there are now a new report about how both of the candidates to be spending their Election Night. I spoke with a source close to the president s Reelection Campaign early this morning who told me the president will be having a close circle of prominent notable names surrounding him on Election Night at the white house, where he likely could give some type of national address, whether or not he declares victory, whether or not joe biden declares victory, we dont know. The president suggesting he is preparing his team for there to be not just a long night ahead of them, but along several days after the election. Guy we are talking david we are talking about election week. Looking forward to spending that week
Yields have continued to fall in italy. Stocks in europe. We will provide the details in a moment. The s p is up around. 5 . A stable day. We are seeing a rotation back towards the tech stocks. The top the stoxx 600 benefiting from the ecb largess, which were now expecting more of. The stoxx 600 up 1. 12 . Aboutyou are talking Christine Lagarde saying the ecb will be there for the second wave of the virus. The Central Banks primary tools will likely stay the same. Lagarde while all options are on the program, the have provenros their effectiveness in the current environment and can be dynamically adjusted to react to how the pandemic evolves. They are therefore likely to remain the main tools for adjusting our monetary policy. Alix joining us from frankfurt is paul gordon, who leads bloombergs western european Central Banks coverage. Bdp is getting the most out of that statement from Christine Lagarde. Yields down. What was your biggest take away about how she said she would support th