Dire projections and devastation from covid19. Were down five basis points good lineup today well speak exclusively with the cfo of tyson as concerns mount about the safety of Meat Processing plants. Plus, Mike Novogratz will join us on what he makes of Warren Buffetts comments on the airlines and market, plus, well speak with tom steyer about the path forward for america specifically, he sits on californias task force to reopen the economy along with janet yellen and tim cook. Well start with breaking news from the treasury. Kayla has more from washington the Treasury Department says it expects to borrow just shy of 3 trillion in this quarter alone to fund the expenditures outlined in the cares act stimulus and also to off set the individual and Business Task revenue thats not coming this because of that delayed deadline to say this is a record amount is an understatement the last record that the treasury saw for borrowing was the quarter july through september 2008 the height of the
Power lunch starts right now lets get a check on the markets which are fluttering close to record highs. Slightly higher today well off the lows the dow was down about 100 points early this morning. The s p still just 1 away from record highs as it gains about 5 points take a look at a pair of housing stocks hitting new highs d. R. Horton is at its highest levels since january 2018. The doctor is in we begin this hour with new dovish comments from st. Louis fed president. We know he was the guy who dissented from the last meeting. Now he says a sharker than expected slow down is possible it will determine that on a meeting by meeting basis he does not expect trade uncertainty. Its not going to go away any time soon. In addition to trade, bullard highlights these downside risks, slower growth. That could feed into the u. S. Economy. Second, contraption and global and u. S. Manufacturing and third slowing u. S. Business investment hes worried about the inverted yield curve that suggests
Theyre doing were going to do a story how the Vice President should step aside our producers came in with a song walk away kelly clarkson. Its so brilliant, good morning it is 10 00 oclock eastern time, the nasdaq is up to a point on a monday morning, the s p is doing okay up 43 the ten year treasury continues to go up up 432 on the tenure weigh about four and a quarter a couple of weeks ago the price of oil moving up and 80 a barrel 81. 80, bitcoin retreating from the 70dollar per coin we are at 674 down on the day the latest read on the home buyer sent sentiment. Elder confidence rose three points 250 won this month that is the highest since last july in the First Time Since last july that it surpassed the breakeven of 50. Uptake on demand in theyre down taken Mortgage Rates that pushes more buyers off the sideline into the market and unfortunately builders have to cut prices of 20 only 24 are doing so. Stuart that the Positive Side for real estate industry. Now this. I was surprised
now it s ivanka trump s turn. donald trump s elder daughter on the witness stand and under oath in her father s civil fraud trial. what she just said about his allegedly inflated net worth. and democrats do it again, beating expectations on election night despite weak poll numbers for the party s leader, president biden. some top republicans calling last night a complete failure. ahead of the gop s third presidential debate. so how will the candidates respond? and where s donald trump? plus, the u.s. warning israel against reoccupying gaza after their war with hamas is over. so what should the long-term plan be? we re following these major developing stories and many more all coming in right here to cnn news central . today ivanka trump is on the stand testifying in a new york courtroom as the fate of herr father s business empire hangs in the balance. the former trump organization executive is not a defendant in the $250 million civil fraud trial. an appellate court rem
Good morning and a very warm welcome to Worldwide Exchange. Lets get straight to the Global Markets the this morning futures pointing higher as you can see behind me. This nothing too significant at this hour, but a nice jump for the dow there. 40 points or so. Only a point or so of gains for the s p 500 and the nasdaq it comes off a day of gains, but very, very slight indeed for the dow and the s p. The nasdaq led the charge, but it itself was only. 3 higher or so tenyear treasury note for you that has seen yields continue to slip over past the past day or so were up again a little bit today. Yesterday we hit lows of 2. 31 on the ten year. Asian equities, well have a live report from seoul on what President Trumps visit there is doing, but today, were seeing a rally and things like the nikkei, because of a stronger dollar, the nikkei, its up nearly 2 . Gains for hong kong, as well. Korea slightly lower european trade is sort of mixed. Yesterday it wasfractionally lower. The stand out