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Green shoots rhetoric. What makes it interesting going into november, the financials had already been up 30 out of the march low, plus the yield curve has, in. The yield curve has come in. It is puzzling why the banks are up so much. It has to do with the narrative of the traders and investors buying cyclical stocks on the potential for strong recovery. Guy i will cheat david i will cheat. You and i talk when we are not on television. What is going on with the yen . Abigail those are some of my favorite conversations because we can move back and forth. The yen does bring attention to itself over last year. It is up about 4 . When you have stocks at alltime highs, you have bonds at record highs, although folks will say the fed the yen is a pure play haven. Over the last year, up about 4 . Some traders might like the fact that stocks are higher, but theyre probably hedging for the possibility there could be choppiness ahead. That is true for the vix. The vix is still above 20. That is in ....
Package may not be needed. Dow industrials down 76, s p down 4 points and nasdaq lower by 2 and a half this after roller coaster week on wall street where we saw dow industrials go back to bull market territory posting largest weekly gain since 1938. Dow, nasdaq, s p 500 up better than 9 on the week. We are now off of the lows at 20. 54 a barrel, down 97 cents, 4 lower. Cases of coronavirus are rising across the country, death toll topping 1,000 in new york. Mayor de blasio says people who do not practice social distancing in the city can face fines up to 500dollars. A Million Dollars raised fox last night including fox business. More Companies Help to go fight the war on coronavirus. Manufacturing, medical supplies to free flight to healthcare workers. Mornings with maria is live right now. Maria lets check Global Markets< ....
What will be watch . We will watch wage growth. Good morning, this is bloomberg surveillance. Guy johnson is with us. There is a really dramatic photo of a helicopter dropping down on a cruise ship. What is the mood in the london weekend . Guy the mood is everyone is trying to figure who has what. We dont have enough test kits. Knowledge as to wether or not this is spreading quickly, slowly, how we people have it. It does not exist right now. Tom i believe it would be called unknownunknown. Screens tothree data start things off. With our first word news, here is viviana hurtado. Viviana we begin with the coronavirus. Almost 100,000 coronavirus cases have been diagnosed globally. The majority in china. Beijing reporting the number of new cases and deaths are falling. The u. S. Outbreak is getting larger. There have been more than 130 cases reported and at least 11 desperate there is a key to wether the Central Banks cut rates again. ....
Lobbying rules and regulations. So you will have to ask about that. I just heard trey gowdy cant start till sometime after january because of the lobbying rules and regulations. So i dont know. We will have to see. [inaudible]. Go ahead. [inaudible]. Perhaps the last one, i hope. I hope the last one. Of the three, i hope it is going to be the last one. Look, we have no soldiers in syria. Weve won. Weve beat isis and we beat them badly and decisively. We have no soldiers. The last thing i want to do is bring thousands and thousands of soldiers in and defeat everybody again. Weve already done that. So what we have is really two choices. You have the choice of bringing in the military and defeating everybody again, or you have the choice of financially doing some very strong things to turkey so that they take it a little bit easy on really competition that is i dont think its been fairly treated in many ways. Okay . We have a very Goo ....
Kathleen youre watching daybreak a show coming live from new york and hong kong. Haidi we are counting town to asias major market opens. The top stories, asian stocks to start the week under pressure following mixed signals in fridays jobs report. Inflation pressure from the u. S. And china. Will prices are nearing highs for the year after six straight weeks of that. Saudi arabia extending as his Prime Minister says he will not pursue the judicial overhaul. Annabelle asian stocks are starting the week under pressure and we see futures to a weaker start. We are one hour out from the open in sydney and tokyo. Looking at key events on the horizon the u. S. Rally evaporated at the end of last week. We will have more on that in a moment but in asia key events include Consumer Prices data from china on wednesday. We could see deflation taking hold officially in the country and oth ....