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July 16, 2024
China is accused of faking virus data. And oil slumps yet again. President trump says he may intervene in the standoff between saudi arabia and russia. Taylor lets get a check on how u. S. Stocks ended the day. We opened up to the downside. Off by 4. 4 . The biggest selloff in two weeks. Really acrosstheboard. All of the defensive sector selling off. There was some concern for the market. Perhaps some optimism as the selloff on wednesday could reverse some of those if you think futures are up. I...
July 16, 2024
Biggest gain ever when it comes to wti in terms of percentage. We are losing steam there. We are not seeing a whole lot of movement here today. The offshore is slightly weaker. It does not seem like theres a whole lot of patterns you can actually string together here now that we are excluding japan. Ending the week back to where we started. Tom weve had another downgrade, another cut to forecast growth. Malaysia cutting its 2020 gdp growth estimates to 2 . A contraction of 2 . They are cutting t...
July 16, 2024
A pandemic South Koreans carefully head to the ballot box plus. This is a crisis like no other International Monetary fund says the coronavirus is sending the world towards the worst financial downturn since the Great Depression. And fears the corona virus is spreading through palestinian neighborhoods undetected. U. S. President donald trump has announced hell hold funding for the World Health Organization thats the top u. N. Body at the forefront of a Global Response to the coronavirus pandemi...
July 16, 2024
Right there is billion. Going to workers and they all higher millions of employees in this country. So yes, we probably need to do something so they are invested 50 million in profits during the good times and buying their own stock. And giving huge bonuses to to their their management. A bad time they want to see what the public bail us out. Well the latest version of the bill does include direct checks for americans as well which is something a sorely needed it would also increase Unemployment...
July 16, 2024
Increased employment insurance and money for Small Businesses to pay their employees will have to wait and see, but again Speaker Pelosi saying some time potentially in the next hour or 2 we could hear some good news out of congress will see businesses are doing what they can on a local level in the south bay, several Silicon Valley companies are opening their wallets to help low income families. Yeah weve got kron fours rob fladeboe with a closer look at that. Telling us about a new Assistance ...
July 16, 2024
We are looking at a contraction for the year between 1 and 4 . Looking at where china is, reality starting to bite, trading lower right now. Pmi front and center. Chinas economy has been damaged. A lot of the world still is shutting down. The downward revision in expectations may only be just beginning. Nikkei, lower by 4 . Jitters also there in the market. For globalmism governments to cushion the blow from the coronavirus outbreak. Lets flip the page, take a look at where we are in terms of th...
July 16, 2024
Restrictions leave to wrists stranded we hear from german travelers stuck in peru with no idea when they can come home. Im called to ask them thanks for joining us we start in the United States where the death toll from cope with 1000 now exceeds 3000 more than a 3rd of those victims are from new york state whose governor has issued an urgent appeal for medical volunteers andrew cuomo called the number of deaths staggering so far and 80000 for medical professionals have answered cuomo call me wh...
July 16, 2024
Im sorry some has gone its good to have you with us the tokyo lympics in july will be delayed by about a year because of the coronavirus japanese Prime Minister shinzo abbay says hes agreed with the president of the International Olympic committee that the games should be postponed the decision follows months of discussion and pressure from athletes across the globe. The Tokyo Olympics are off the decision came suddenly but was not unexpected after weeks of debate and speculation. I suggested to...
July 16, 2024
Data, the u. S. Saying that beijing underplayed the number of cases and deaths. And we work may take legal action that softbank wants better terms on theirh rescue plan. Haidi . Inflationary pressures or lack thereof from south korea coming through the cps for the month of march. We are seeing a contraction of 0. 2 , better than the contraction we were expecting of 0. 4 . That is a month on month figure for Consumer Price pressures and south korea for the month of march. In atmber on year coming...
July 16, 2024
Youre seeing money coming out of the bond market. The u. S. 10 year yield up about four basis points. The dollar is down for the first day in 11. That shows some of the dollar funding stress that was present in the market may be easing a bit. All of that should support this rally, but we have to wait and see if we get that stimulus. David we are promised daily, but they are saying today it is coming in just a matter of hours. We hope that that is true. How broadbased is this on the equities side...