A negative picture for the u. K. And labor economics does not necessarily tally with whats happening. We are getting some details on whats happening in the u. S. Housing market. We are dealing with that. This is a month on month number. Last month it bounced back strongly. This month the market was a 16. 6 number and we are ahead of expectation. Yearoveryear, we have seen this out of the come back. The last time it was at 10. 4 and we were expecting 2. 2 on that number. Expecting 12. 7. This is more positive. Alix but can we sustain it if we dont get sustained stimulus . Coming up, kevin johnson, the starbucks ceo will be joining us. And patrick will be talking about the tech hearings and what he has to say area to say. Peter is joining us now, nothing is expected today, but what can say to reassure markets that they are all in . Ritika not expecting a whole lot, peter not affecting a whole lot, but i think that the press conference will be important, certainly powell will have to addr
Whether its medical, some of these states posting some of their highest caseloads since the pandemic began, but then again optimism about the recovery at the same time. Right look, i think that we are all kind of thrown its governor to governor, yesterday in new jersey suddenly we get the you can have 100 people outside, 50 people inside. Versus six we are all kind of confused. With he see some parts of the country looking worse, other parts of the country that were so terrible its wide open and the confusion to me is what are the numbers going to be look like what are they going to look like given the fact that new york now feels like post wuhan and the rest of the country seems like, i dont know, maybe is it going to be italy, is it going to be spain i dont think it is. I think its going to be better, but i have to tell you, carl, that the stuff thats being bought is not in synch with whats happening, particularly the airlines, the hertz rental car, we saw a very good piece in the jo
Days, weve seen the dow up over 1,000 points a gain of 553 yesterday and 529 points on tuesday. Looking this morning at the dow futures indicated up another 105 points we are back above 25,000 for the First Time Since march when watching the dow s p is up just under a point the nasdaq down around 54 points both of those indexed were hire yesterday as well. The 10year looks like it has been yielding around where weve been around 0. 677 we will continue to watch this this morning we have a lot of big guests coming up. Now to the moment weve all been waiting for. Joe and andrew, ill send it over to you. What moment would that be well be in a twoshot we are good we spoke yesterday we are good. You didnt have much time. We made the news. A few comments. People seem to have differing opinions he wasnt able to talk much. We were moving on. He had zuckerberg. We dont have time to dwell. Weve been together 10 years longer than many marriages we have our moments but we will disagree but not be d
Markets. Lets look at what they are telling us in terms of risk out there burden out there. The market is focused on things we will see in the gradual reopening and what that means. Yesterdayarting since , also looking at oil. Is moving to block a Retirement Fund buying chinese stocks. It will give us more of an idea about whats going on between the u. S. And china. Plenty more on your markets. Lets get to bloomberg first word news. , confusion over Prime Minister Boris Johnsons plan to get people back to work. Londons chamber of commerce is telling businesses not to change their plans. Companies are also asking for guidelines on what protective equipment can bought to buy. U. S. Won the battle to ramp up its Testing Capacity according to President Trump. More than three to thousand daily tests are being conducted. An Conference Also saw exchange with reporters. Areral reserve officials saying rates may go negative. They dont see the tool being used in the u. S. , it says it will start
Steeper decline. We will have the first numbers. First contraction in 6 years and also hearing from Federal Reserve jay powell later today. Also another big day for earnings, boeing is in focus this morning, wall street journal reporting reporting thae aircraft maker is facing criminal probe into Quality Control issues on still grounded 737 max fleet. The company also reported looking to raise capital to major bond sale. On tap before the bell this morning, General Electric is out with its earnings along with master card and ensurers anthem and humana, after the numbers attention to microsoft, facebook, tesla, markets are higher, take a look at futures, gain at the start of trading, dow futures right now showing a gain of 180 points, three quarters of 1 . S p is up 25 and nasdaq higher by 93. This after the dow, nasdaq and the s p 500 erased early gains yesterday to actually end lower. Dow industrials were down 32 points at 4 00 oclock on wall street yesterday and nasdaq down 122 and s