Page 16 - Quick Take News Today

Good evening, everyone. This is bloomberg surveillance, im Francine Lacqua. The news flow is pretty terrific today. The coronavirus, the lockdown, the impact of our economy, and our hearts are always with the families that are rather losing loved ones are actually fighting for their life. This is what im looking at the markets. The next couple of weeks may will be rocky because a lot of the focus will be on earnings. So if im looking at stocks, they are up today. Up. Indices, futures also we rea...

Delivery of 7 . Look how we are in terms of the major indexes. Asian markets, most in losses tracking to 3 drop on wall street overnight. Opened slightly earlier love earlier. Slightly lower earlier. We are watching petrochina down at this point in time. The hang seng, down about 1 . Kong announced an expansion of its restrictions aimed at curbing the spread of covid19. That would weigh on the economy even more. The sti, down more than 3 . This is a market that returned to bull territory recentl...

Projections for 2021 are also being revised down. And, where it all began. China has lifted travel in wuhan, ending 11 weeks of a lockdown that disrupted the lives of millions of people. Shery happening right now, President Trump speaking at the white house, talk about how he is handling the virus outbreak, saying he will ask congress for an additional 250 billion. Take a listen. Pres. Trump it was a big, important thing. We are looking to have far fewer deaths than originally thought. I think w...

Writing a Business Plan or hurrying to the office and doing a powerpoint, we decided to take the first step so we turned the car around, we drove down to santa cruz. I went to a used music store and buy a music cd. I think it was patsy cline. We went next door and bought a gift envelope like you would put a greeting card in. We put the cd in the envelope and mail to my colleagues house and the next day, he had an unbroken cd and an envelope that had gotten to his house and 24 hours for the price...

Good spirits. This hour brings earnings for samsung. A crucial report amid the virus disruption will show how the chip industry is weathering the global storm. Shery lets start you with breaking news out of south korea. We are getting become your current account balance. Right now, the surplus coming in at 6. 41 billion. Also for the goods trade surplus ining in at 6. 58 billion february. Both numbers are a significant rebound from the plunge that we saw in january when it hit the lowest level i...

Better. Im tom kean in new york and joining me is taylor rigs this morning. I love the chart you put out on high yield this morning. What else do you see in the markets . Taylor what does it mean when the fed comes in and buys junk bonds, tom . Weve never seen it before, supporting the fallen angels. Massive rally in the high yield market not to mention a bit of the equity markets, coming off the best week since 1974. Some of that seems to be reversing this morning. Tom im really thrilled with t...

Much to talk about here, but part of it is the market reaction. Rollovernd then a year. Taylor im thinking 10 Million Barrels a day is not enough. We increasingly hear calls for 20 and 30. The drop in oil prices is also affecting the credit markets as you take a look at that downgrade cycle that is underway. 200 billionking at dollars of bonds that are set to lose their Investment Grade rating. Looking at some of the biggest down rates cycle underway. Oil andcourse, into the permanent base, it w...

Not a surprise if you look to see whats happening with the shutdown of the economy, the forced shutdown because of coronavirus. Taking a look at the tenyear this morning, it looks like that is yielding about 0. 735 at least on the last time i looked at the boards it was. And then wti is the other big story today. Joe also mentioned opec plus deal it was an historic one opec and other nations agreeing to cut Global Oil Production by onetenth. Well talk about this in a few minutes. Wti is up by 1....

Quickly after the crisis, as u. S. Jobless claims could hit in even bigger number than last week. And daily fatalities continue to rise in spain and the u. K. , as france proposes an economic rescue fund. Lets get the markets. Sixttle weakness in asia, a percent drop for the s p 500 over the last two days. Futures are positive, though, up over 1 , and european futures pretty much unchanged. Its difficult to look at fundamentals, for where equities go. A lot of people looking at technicals, sayin...

Exception of the new zealand dollar. We see the japanese yen weakening a bit and the renminbi was in focus. To 1714. Nching closer 711 93 for your onshore. Bonds are mixed across the board. Australian 10 we are watching it was the rba announced not a smaller amount than expected. Seeing a little bit of a selloff when it comes to your aussie bones. Up eight basis points. Areomes to brent, we getting a little bit of a breather. Higher. A half percent we are hovering around 21 for wti. There is opt...