Resurging cases of covid19 could impact. The concerns about new cases seem to win out. There is a tension between the good and bad news of the jobs report and the sense that things will in prove improve more quickly. Nonetheless, a very good report. On their hand, the virus data means hotspots are worsening with the end of the day well off the highs. Thenasdaq had been up on close of. 5 . Stocks,g index and chip and remember, this year thats the new defense. These were the stocks really used for the stayathome trend, so strength there almost indicates that some folks think theres going to be more stayathome action ahead. Confirming there was a rally for bonds up a little bit with that yield going down. Stock that was noticeably the last five or days around these Companies Boycotting the platform for advertising, facebook is down 2 . There was the headline that Mark Zuckerberg is going to be meeting with some of the folks behind the boycott, perhaps trying to have a instructive conversa
There are concerns over the pace of the recovery, the second wave of infections. Infections rising in 22 states across the u. S. The dow ended the session up 1. 9 . The s p 500 up 1. 3 . The s p futures, under pressure. Oil also falling with the 35 a barrel level. This is after crude posted its first weekly loss since late april. We have, as i mentioned, fears of a second wave of infections affecting the fragile recovery. Investors are awaiting the opecplus joint Technical Committee meeting this week. Lets see how things are shaping up for asian markets. Monday, fragility well. On view as asian stock futures looking mixed after the regional benchmark cap to the first weekly drop in three. Patch,hitting a rough sinking more than 5 in three days. Signaling concerns around a potential recovery across the globe. Value performing decently in a for the month of we are going to find out if Central Banks will add support with rate decisions do including taiwan and indonesia. In japan, after pa
Attention to that, with the ecb coming up thats a huge deal. Delivers more stimulus, and the bcp will be really under pressure, down by 4 10 of 1 , but its all about the dollar and its driving Global Equities higher. And the tension between the weaker dollar driving risk themete, and the overall has been the protest here in the u. S. Under covid. Lets break down that disconnect. Torsten, what is your best explanation for the markets versus the headlines . We have discussed why markets are doing well, and we continue to believe that the answer is on the significant firepower coming from the fed. If you change the credit market as dramatically as they have , i spreads are very close to where they were before. All of that is, in plain english, making this look a lot better today than it did a month or two ago. And you have the equity of companies with the support to the credit markets, this is probably an important reason why the equity markets continue to do well. Think the fed is making
Reopening today that means more Retail Stores and more Small Businesses will be open for Curbside Service napa solano and sonoma counties are already doing that yeah in the east bay though Alameda County in Contra Costa County are still in phase. One. However, Health Officials there say that they will be making a decision on phase 2. Perhaps as early as today. Santa clara county, however, which has been the hardest hit. Currently remains in phase. One. So lets go to San Francisco and see how its going to go there so far early this morning, Sarah Stinson is live. Hi sarah. Hi there guys, im live on fillmore street where Curbside Pickup will be starting to be allowed around 10 oclock this morning. Im live in front of clothing shop over here all boarded up a Jewelry Store right here boarded up and a makeup store boarded up so itll be interesting to see how many businesses decide to open for Curbside Pickup again thats starting at 10 this morning. Take a look at your screen. We have a list
We need to convince the county that livermore is ready to open. And events like today arent going to help. Reporter now, across the street from the protest, there were a few raised eyebrows. I understand what theyre trying to do and everyone has their own opinion, but at least try and separate a little bit is what im thinking. We understand that there are diversities of opinions about whats going on. We appreciate that. Reporter but the message from this crowd today their patience is wearing thin. If it goes on too much longer like this, itll be past the point of no return. We will not recover. Reporter in liver jrmore, wilson walker, kpix 5. All right, well, alameda county, that includes livermore, is expected to move to stage two of reopening next week. That means curbside retail and manufacturing. Contra costa county could allow both as early as tuesday. San francisco, san mateo and marin are planning to make the move on monday. The only bay area county staying put in stage one for