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Will talk about this later on, but seems like europe is edging one step closer to that 1. 8 trillion euro recovery fund, which would be huge, particularly as the u. S. Cant get it on stimulus. So huge that the euro barely budgets. [laughter] alix it could be worse. Guy it is big news, but i think there was belief in the market that this is a done deal, and europe will ultimately come to the right conclusion and make the stimulus happen, 1. 8 trillion euros. So i think the market had already priced this one. As you can see, unchanged on eurodollar on the back of that. We are getting the jobs data coming through. 6. 43 islittle light, the number. 6. 5 was the expectation. Actually, the prior number devised down a little bit as well. So maybe a little bit of softer data coming through, but the market doesnt care. The market is looking through the virus. All of the bad virus news, you can put that in the rearview mirror. That certainly seems to be the sentiment right now. Lets dig around w ....
Strongso getting some data coming through and it comes to pending home sales. The month on month number blowing past expectations. We do better on a month by month basis of 8. 8 . That was well above expectations. That takes the nonseasonally adjusted year on year number two 20. 5 . This is a market that has come back in a really big way. Alix and continues to stay strong, like auto sales, undermining that fall off a cliff scenario. ,ast night, the highlights president trump, democratic nominee joe biden, which a debate, but turned out to be a boxing match. Everyone knows hes a liar. Pres. Trump you are the liar. You graduated last in your class. Mr. Biden you are the worst president america has ever had. Pres. Trump when needed, i wear masks. I dont wear masks like him. He could be speaking to hundred feet away from you and he shows up with the biggest mask ive ever seen. What is the Trump Health Care plan . Pres. Trump first ....
Discussion this evening. Francine we are not brexit free, i have just been sparing you. We have actually been increasing the numbers of icu beds because people need them more. And brexit negotiations are ongoing. There is still the selfimposed deadline of october 15. ,om and i want to make clear the case dynamics in europe are extraordinary for the slopes of those curves are distressing. Its been an extraordinary thursday. Thank you to our team for an incredible news flow. It seems like we are doing the same thing today, we are waiting for washington to wake up and drive forward. Heres riddick group to with the first word news. With first word news. The Global Food Program was honored with the Nobel Peace Prize. They especially operate in conflict zones. To 100 millionse people in 88 countries last year. The white house is shifting its position in stimulus package, ag ....
Coming after yesterdays euphoria that is part of the momentum growth trade materials and industrials are the only sectors in the green. We have a few more ipos and awaiting more news on tiktok and oracle it will be busy coming up on todays show, mohammed elerian will join us on the on going stimulus stalemate and well speak with Jim Fitterling and shares of Cybersecurity FirmPalo Alto Networks up 80 from the march lows as companies boost protections for employees working from from home the ceo will join us to discuss that trend and much more lets focus first of all on the big stories youre watching. Mike santoli is tracking to days volatile Market Action we have the latest on stimulus in washington and sara has new reporting on the oracletiktok sag yachlt mi ....
Road, maybe that is actually not the case. Rolling overs as well. Maybe that is oil. It could just be a sentiment feeling, as well as any sort of Political Risk because of kim jonguns health uncertainty. Lets get to todays market moving news from our team in new york, as well as washington. We want to begin with this meltdown in the oil market. Wti futures plunging below zero for the first time in history yesterday as many storage tanks reached capacity. Brent for delivery in june pushing to the lowest levels since 2002. Annmarie hordern has more. Annmarie what we are really watching today is the number of contracts for wti and brent. Yesterday, the big question was is this just a big technical anomaly. I think what you are seeing today is that this is more widespread. What is showing is what traders have been saying for quite some time. Thething i want to bring up point is the june contract, trading at 16. 69. That is a contract ....