Microsoft overnight. That is being digested as well by u. S. Investors. You have the currency offshore at seven, currently. It is weakened by about 2 10 of 1 . The aussie dollar is looking like that, said he six. The euro is flat. The bloomberg dollar index is weakening, down a 10th of 1 . Lets move it down. The stock was suspended on july the 13th after they failed to get a renewal for their license. Currently trading at 10. It is down 30 . It just reopened after a 10 day suspension of trading. The company saying it is in talks with its creditors over longterm debt. It will continue businesses that dont require that franchise. Noncoret nunc activity. Rishaad china vowing to retaliate for the u. S. Closing its consulate in houston. Protectd it is to information. President trump indicated more such moves might happen. President trump as far as closing additional embassies, it is possible. We thought there was a fire in the one that we did close. Everyone said there is a fire, there is a
Joe, the big story is oil prices once again im ready to move out past june move out where . June is too close if we are not going to open anything up, no reason to think it will be anything different than minus 38 a barrel it is related to the price of gold and the price of a suit, so i should have been buying andrew, you are spending 10 times what you are on a suit with those hugo boss things. Which none of them have belt loops for 4,000, you could get a couple of belt loops no hugo boss. It is ralph. Ralph who oil prices, it is not funny. This is out of the realm of anything weve ever seen brent crude only a 20year low you look at wti or what may was before the contract rolls. It is incredible supply shortage spiked overseas. The u. S. Movement, wtis june contract the price giving up earlier gains. Up 11 see, im ready to move to september. August at some point what does this mean for the saudis youve had your picture taken there on a sand dune youve got a feel. They should have done
Levels on the vix, but a big movement. Markets here in the u. S. Were down as much as 3. 5 up to 4 . It is down just about 2. 7 percent, a lot of volatility today. Spiking big over here in europe. Equities near lows right now, nearly 4 for the stoxx 600 and volume is enormous today. The ftse the epicenter of action today. That is the Financial Capital of italy, grinding to a halt. Of recession rising of recession rising when it comes to the italian story. Northern italy grinding to a halt today, as the government imposed a regional lockdown to contain an outbreak of the coronavirus. The countries in jewel of has seen schools and universities all closed with many staying away from work. Italian stocks and bonds have both tumbled. Wening us now from malan have our guest. What is happening there today . Good morning. Here, it isf eerie usually a very active city, people going to bars and restaurants. None of that is happening right now. The city is on virtual lockdown. It is more reminisc
Constructive. It needs funds to help reduce a crippling total debt of 130 billion. The streets of hong kong, demonstrators clashing with police for a 16th consecutive weekend. Shery lets get you started with a check of the markets. Seeing u. S. Futures gaining ground,. 5 . This after the s p 500 lost ground on friday. We have seen stocks higher throughout the session. The we got reports that chinese delegation in the u. S. Had canceled their visit to u. S. Farms. That led markets lower. We had trade sensitive stocks, like consumer stocks and tech, leading the declines. The nasdaq fell the most in over two weeks. After the close, we saw local media reports in china that the cancellation of those trips to u. S. Farms had nothing to do with trade negotiations. Perhaps risk on sentiment being felt across the market. Treasuries rallied throughout the week. 10 year yields now at the moment at 172 level. Lets see how things are shaping up in asia. Japan markets are closed on holiday, but the
All right, this is a shock or block week. But thisa note that suggests that these markets are moving high. Becausehave good reason earnings have been so impressive so far, really big ones dominating the agenda this week. Ish, we are looking at crucial levels when it comes to stocks in hong kong. Rishaad absolutely, looking at what happened with these shares, these Chinese Companies trading in hong kong. We want to bring up gb tv 9440. Investors bid for these underperformers. This is a third of the companies on the hang seng. They are racking up fresh one year the biggest proportions says that 2014 stock bubble. We are seeing some of those cheap banks red hot. These fresh highs are being hit last week. That is what we had at the moment. H, in terms of the other things on the agenda, we have yellens swansong and watching what the fed does. We are just watching what happens as jay powell takes over. The pmi is expected to hold steady. Lets look at markets because we did have u. S. Stocks