Australian government is slowing down. It is flat in the session. The jci and jakarta composite index just started off its trading day. Dollar index moving to the upside. Sterling is flat at the moment after gains. Those gains coming about after we got brexit talks being extended to the end of october. That is adding some optimism that may be a deal could be done after one of the chief eu sides comingid see close together at the end of last week. Crude oil and gold moving to the downside as we have limbo in regards to the fiscal package or stimulus package out of capitol hill. Lets have a look at what is going on in terms of the first word news as we get over to new york and join Karina Mitchell. Karina global coronavirus numbers continue to make headlines with the u. S. Reporting record infections for the second day in a row. The white house saying the administration is not going to control the crisis. the news comes as Vice President mike pences chief of staff tests positive. Withe h
United states within the decade. Nancy pelosi says that the house is ready to vote on a potential deal this week and Cocacola Europe is buying a soft drink or soft drink makers operations in australia. 19 premium eight to their last close. Lets have a check of the markets. We will start off with u. S. Futures, currently weaker by about 0. 2 . The cost is up right now but when they lasted they were higher by 0. 2 . Reporting higher a little but by a little more than 0. 25 . Europe as covid cases continue to rise is really weighing on crude at the moment. Continuing to prop up buying for january. Still some downward pressure there. Kathleen chinas leaders gathering in beijing to map out the fiveyear plan. The economic roadmap is expected to center around technological innovation. Mackenzie joins us from beijing with the preview. What should we watch for . They will be meeting here in the Chinese Capital over the next four days. We are expecting to get a bit of a steer in the next few day
Elusive. And suppose he says the house is. Transformed samsung into a global tech giant has died. Paul lets take a look at the markets right now. The asx in australia has just opened for trade at the start of the new week. We do have a staggered open. Pretty hard to get a bead on things. Pretty flat at the moment. We are waiting for cocacola to open on the news of this deal that the European Partners are moving to acquire the Company Valued at 9. 3 billion to underscore some of the consolidation going on. The aussie dollar holding a threeyear gain as the u. S. Stimulus talks continue to drag on. U. S. Futures looking a little weaker as well as nancy pelosi and mark meadows but he might accuse each other of quote, moving the goal post. Nikkei futures are pointing weaker as well. That is going to be a busy earnings week in japan. Starting off with kanaan reporting today with cannon reporting today. Lets start off with china at where the leaders are gathering in beijing to map out the fiv
Spp a s p. Are the brexit fears behind us, we ask . Lavin th lebenthal what do you say . Be frank. As summer goes on more headlines, more scares of other countries leaving the european union. The uncertainty the market hates. Taking down a Major Institution like the eu. Were in the clear for now, but i do think this is going to be a choppy summer. Having said that, range bound between 1900 and 2100 for the foreseeable future on the s p 500. Easy to be enthralled by the green arrows. Bond market, tenyear treasury yield pinned to 1. 46 . Not seeing commensurate move in the safe havens of bonds and stocks . Markets gone nowhere 18 months. Look where we are now and the fact theres the fact that got us there versus before june 23rd. You have to come to the conclusion the Global Economy is worse off. That the circumstances are worse off, and that monetary stimulus, which had gotten us to where we are, which is flat, is ineffective in terms of how much more it can contribute, and if they go m
Lets see where we are on that. 1. 977. Geez. Thats the worst performing asset. Japans tenyear yield because you didnt ask. Theres wti. Of course, the deth th the key market lets get to our roadmap this morning. It starts with politics. Big nights for Hillary Clinton and donald trump. Senator rubio drops out. A new political football. A Supreme Court pick is coming this morning from president obama. Confidence valeants stock cut in half. A very bad day for ackman, sequoia. Chipotle falling again. The sales were worse in february and the company sees a loss in the First Quarter. Were certainly going to hear from jim on that one. First were hours away from the feds latest Interest Rate decision. Policy makers expect to hold steady this time around. The decision will come at 2 00 p. M. Eastern. Fed chair Janet Yellens News Conference will begin 30 minutes later. Of course, you saw steve laceman on squawk box. You know, i looked at. Peter put a note out this morning. He comes on with san te