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Fivemonth high. I am calling it the by a celling rally, even the news situation earlier. We will break this all down, speaking with pgim economists nathan sheets and betsy graseck. We want to dig deeper now into this tech rally after amazon added more than a billion dollars in market caps. Abigail has more. Last week it was about it is done now, but that is not the case. Wasail co. Yesterday incredible. Year,s the story of the we will see the stayathome stocks drop, and yesterday that nasdaq 100 on fire up more than 25 , this relative to the s p just up 1 . This has so much to do with the weig...

Chinese demand levels almost at precrisis level. Time for todays market moving news from our washington and new york teams. We want to start with fed chair jay powells comments on the economy. In an interview with cbs, he expressed confidence in the recovery, but timing is still hard to predict. Chair powell the economy will recover. It may take a while. It could stretch through the end of next year. We really dont know. Michael mckee, International Economics and policy correspondent, has more. Was there anything new on cbs . Michael nothing really new, just summarizing what we already knew fr...

A deal to cut production iran says its exempt from the agreement along with libya and venezuela. A 2 week cease fire comes into effect in yemen but the heathy say they wont stop fighting while the country is still under siege. And hundreds of millions of children desperately needing food we look at the difficulties for aid agencies during the coronavirus crisis. So that the damage to the worlds biggest economy from the current of our shutdown is really hitting home in the past week another 6600000 people in the United States have joined the jobless queue and that means nearly 17000000 american...

The idea behind it, why are you going to fund Chinese Companies that wind up competing with u. S. Companies . That is potentially now on the table ahead of these trade talks. No doubt that is going to have an effect on the markets as we keep getting a lot of headlines creating difficulty with u. S. And china. 0. 8 , rightnow down around the lows of the session. Take a look at other Asset Classes. It is a move into safety. 106 on dollaryen. Yields in the u. S. Down by four basis points. It is a risk off day. Lots of tangential headlines are now setting the stage for contentious trade talks betw...

You had greeks being able to sell bonds for the first time a negative yields, so there is still search for demand in that negative yield world. Time now for global exchange. We bring you todays market moving news from all around the world. Current is in the is in the current is enda ant, anna edwards, and Kevin Cirilli. Reportedly, china is still open to a partial trade deal with the u. S. As long as no more tariffs are imposed. Enda currannt joins me from hong kong. Enda the fact that the hong kong delegation is still heading to washington speaks to the idea that china is in the market for so...