The 3 trillion weve spent plus a trillion dollars more. Thats about 20 of gdp. Thats absolutely historic, and were prepared to put more money on the table softbank returns to profit with a 12 rides se investor shares soared towards the top. Sales grew by 67 in the Second Quarter. Stock markets here in europe have been trading for about an hour so far, and the direction of trade has been very firm. Weve seen a very decent rally play out after initial gains thats now translated to a pop of 1. 7 on the benchmark index, a fair amount of green at a stock level sector level and by industries you can see how the core markets are faring today we did see some early gains in the german stock market, and that is now actually outpaced by italian stocks taking the charge french and german stocks slight underperformance again by the uks stock market, just 1 3 4 of a percent yesterday. It was curious we saw the german stock market, one of the laggards which is typically not the case, but certainly re
Positive s p 500 boated just barely up for 4 . The dow is still negative. In terms of the euro, we set a fourmonth high right now. Going up getting 5 . Lets get straight to that european leaders meeting. The e. U. Moves closer to a deal. Looks like some of the applicos are being taken away. Paul, looks like some members are getting on board. Some countries are being less opposed to helping their brother run downtown. How likely is it that they will get the package . Paul i think we will get the aid package. What we are really doing now is the details this is what is taking so long but i think the principle of an aid packages there. The aid package itself is not that significant. It is not a huge amount of money. What is important i think is the sense of commonality. The fact you are getting grants being distributed according to need. Andaccording to politics some limited degree of fiscal integration has come to your finally. Vonnie will bid provide a blueprint for more or will this wil
The week. Vix below 30. We have a stronger euro today. Europe definitely doing better on the coronavirus front. The 10year yield holding at those lows of 64 basis points. Kicking off this week. Investors awaiting report from the largest u. S. Banks. Lets get to brian levitt, invesco Advisors Global strategist. It seems there is more optimism than pessimism on the earnings front. Why should that be . Brian i think it is largely not investors view the Second Quarter as being priced in by the markets. 35 in 20 was down days, pricing in a bad secondquarter, and a big hit to earnings. From there, you assess whether things start to get better as the year progresses. Investors are largely looking out beyond the Second Quarter as there has been resumption in , as mobilityvity has improved, conditions have improved. It is largely a look at things getting better, rather than taking the Second Quarter will be anything but pretty ugly. Vonnie it seems investors will be cheered by anything. If you
Are ones that the court made very unpopular decisions. Lets go through a few cases that illustrate very dramatically and visually what it means to live in a society of different people who help stuck together because they believe in a rule of law. Good evening and welcome to landmark cases. Tonights case is gideon versus wayne. Wreck 55 years ago this month, the Supreme Court ruled that the right to counsel was so fundamental to our dove governmental system. That states must provide lawyers for defendants who cannot afford. One the hero of tonights story is a bit of an unlikely. One Clarence Gideon was adrift her from florida was accused of breaking a pool. As we begin tonight, were gonna go to some historic video. You see the real mr. Gideon and the florida judge who sentenced to jail. They reenacted the case for cbs news documentary in 1965. Lets watch the next case on the docket is the state of florida versus Clarence Earl gideon. What says the state are you ready for trial . The st
Asiapacific benchmark. Jakarta coming online. Of 1 . F 6 10 u. S. Futures are flat and so are nifty futures. At thatbe looking downgrade of indias outlook to negative. The country at risk of falling into junk status. When it comes to some of these markets, singapore reopening phase two today. The peak p, is the biggest loser on the board. Elevated. Ocks are we are expecting that we could see some action from the pboc in the next coming days. Could we see it in the form of a triple are cut . The chinese bond market has stalled a bit. We are still seeing yields go lower today. Take a look at currencies first. The dollar set for a second week of gains right now. We are watching the pound really closely. The bank of england expanded by qe program. Renminbi is steady around 708. The rupiah, we are focusing on that. B. I. Cut rates yesterday. More easing to come. Trend is steepening getting tired right now. Businesses have fears of a second wave. U. S. 10 year is down to 70 basis points righ