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Good morning and welcome to the show im dominic chu. We begin this morning with breaking news and a possible turn around tuesday after stocks pulled back following the historic rally futures pointing to some gains the dow would open up higher by 286. Nasdaq higher by 106 points if these futures would hold at opening bell watching the dow futures, you can see it has been relatively steady but weve lost a little momentum we currently sit at the lows still the dow higher by some 42 odd appointments checking the bond market, we are seeing a Little Movement 2year yields down lets now go worldwide matt is in singapore and Julianna Tatelbaum in london a couple of other markets in asia back on line as well, today including australia and new zealand. It was a particularly positive session on the backs of stronger than expected data out of china a look at both of shanghai and hong ....
And 0en the blocktalks for the efforts. Telling this Program Unity is what is needed a relief package is absolutely necessary it is necessary because we combat a common enemy in europe. Solidarity has to be demonstrated uk Prime MinisterBoris Johnson is admitted to the hospital and dominic raab will continue doing had is work there is incredible teamwork behind the Prime Minister to make sure we get him better as soon as possible over to the wall here to give you a story of how the markets have developed weve been on air since the open this morning and only seen gains pile on effective live so europe is playing catchup on the rally we saw in the United States and asia. It is a broadbased rally of the stoxx 600. W ....
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 ....
The nasdaq down by 25 points this morning, youll see futures are lower again. These are modest declines. The types of numbers we used to see all the time in the morning just over a month ago. Right now, the dow looks like it would open about 42 points nasdaq around 18 points. Keeping track of treasury yields we find ourselves this morning again with the yield indicated around those levels. 0. 7 and change andrew lets bring you an update on the pandemic and some of the numbers. The number of confirmed u. S. Cases rising to 400,000. More than 12,000 have died in america. New york is the epicenter with 140,000 confirmed cases. New york, new jersey and l. A. Reporting the deadliest day. And los angeles mandates masks as essential sharing this responsibility to keep workers and everybody safe which is why we are requiring customers to wear face coverings. Shopping for groceries, picking up a precipitation or any other business, you will need to cover your face. If you are not covering your ....