For being here, and i know we have members of the press joining us on the phone as well. Sayt of all, let me just that we all are praying for the families who have lost people because of the virus. Allhink all americans for of the sacrifices that you are making, that we are all making, and the sacrifices that you will make. We would like to be in a position where we can say that the road out of this is going to be easy or going to be fast, but it will not be. It will not be over tomorrow. It is going to be difficult, and it is going to be hard, but we will make it through because we are americans. We are a great nation. We are the greatest nation that has ever existed, and great nations are not paralyzed by sickness. Together, we have a job to do, and it is a job that includes ensuring that this never happens again. And it is a job that we in Congress Must be convened to do. After 9 11, we had to make major policy changes in this country. We now face a similar challenge. We must make t
Vonnie the nasdaq its office lows. Is off its the s p 500 down 2. 5 . The worst performer right now is pvh, performing pretty poorly, down about 15 . Many of the Energy Companies are lower, as well. Y runhas been such a whipp for them. Netflix is the best performer today, holding onto games of 4 plus. After the dismal Economic Data which we were anticipating, but still a sticker shock, the 10 year yield is at 65 basis points. I want to point out, ray dalio said a moment to on Bloomberg Television you would be crazy to own bonds. Go back and have a look at that interview if you want to hear more. The vix a little more elevated once again today. Guy lets get some more insight into what is happening on these markets. We are joined on the phone by graham secker, Morgan Stanley equities strategist. Equity markets a little whippy, as vonnie said. How do you see the riskreward right now . Graham good afternoon. From a european standpoint, we dont really like the riskreward here. We thought it
Demand for fuel continues to collapse. U. S. Futures dropping below 20 a barrel. Bridgewater associates says the pandemic is more damaging than the financial crisis i decade ago. We hear from the cochairman, ray dalio, this hour. Shery here is how markets are trading at the moment. We are seeing stocks continue to gain ground for the third session. We continue to see Downside Pressure for u. S. Futures, which are down 0. 7 . Really accelerating those losses this evening. This after the s p 500 already sank from a onemonth high. We have seen earnings, Economic Data highlighting the impact of the coronavirus pandemic. Nikkei futures down 0. 4 . As we continue to see an appreciation in the japanese yen, which is now at a two week strength against the u. S. Dollar. When it comes to crude, prices rebounding a little bit after plunging to the lowest level in two decades after the record collapse in u. S. Fuel demand. In his daily coronavirus briefing, President Trump saying there are positiv
Today. And south korea, the Ruling Party Wins the election. Oil sits near an 80 year low amid a record collapsing u. S. Fuel demand. The trump is said to consider paying them to leave oil in the ground. We start this morning with a little bit of shaky ground. A reality check. For me, its about the bond market. You saw that drop in yields yesterday by 13 basis points. Its crazy to hold bonds. I turned to blackrock. I like what rick writer is saying. Basically, we will follow the fed. By bonds, etfs. What caught my eye, blackrock is getting ready to sell Interest Rates long. Nejra very interesting. A lot of people have been saying that in terms of buying what the fed is buying. If we get another initial jobless claims print above 5. 5 million which is the consensus, that would take the gains over four weeks in those initial jobless claims about 20 to you 22 million. One of the eight of the workforce out of work, wiping out the job gains since the last recession. Staggering numbers you ar
Host you talked about the pplegoogle partnership. What are the legal hurdles for companies doing this and the constitutional issues . [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] [captions Copyright National cable satellite corp. 2020] hi, everybody. Thank you all for being here and i know we have members of the press joining us on the phone as well. First of all, let me just say that we all are praying for the families who have lost people because of the virus. We thank all americans for all of the sacrifices that youre making, that were all making, and the sacrifices that you will make. We would like to be in a position where we can say that the road out of this is going to be easy or going to be fast. But it wont be. It wont be over tomorrow. Its going to be difficult and its going to be hard. But we will make it through because we are americans. Ms. Cheney we are a great nation, were the gr