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Pretty true to form on this thanksgiving hence to be a positive bias. But nothing out of the mode for a moment here. And that was a few days ago. You know, not necessarily you might think so you kind of just, you know, get ab early slate there was a definite persistence to the quarterly strength. There is a dynamic though. Once it gets overbought, once sentiment gets overoptimistic as arguably it is right now, usually you can see the multiple times in recent years when the Fourth Quarter just melted up. And at some point nifrt few months of the next year, usually you have a little bit of a recession. Mike, see you soon. Malls may look a lot different compared to a normal black friday Bertha Coombs is live in new jersey with a closer look at whether people are showing up to shop in person at all. They are. Some people have shown up. Were coming off a record thanksgiving in term ....
Lose social distancing measures in indonesia, perhaps having a slower recovery. Were still seeing gains. The sti also snapping out of a whole week of losses we saw yesterday, where every day last week was in the red. But we do see singapore the most affected nation in the nation region in the nation. The nikkei 225, watching the boj, a lot of focus on bond buying. Will they scrapped that ¥80 trillion target and launch that unlimited qe . The yen has been satellite steady ahead of the policy decision. Were watching wan related assets given the speculation of kim jonguns health. We still see strength to the korean won. The berlin be indeed were maybe were at 64 u. S. Cents right now. Ceo market calls with the of dalton in about 10 minutes. Lets get first word news now with Corinna Mitchell in new york. Corinna confirmed coronavirus cases around the world is approaching 3 million, according to bloomberg and john hopkins university ....
Selling but the glut looms over the market. The politics of the pandemic. The u. S. And china continue to trade barbs over their handling of the crisis. Washington says the world has been let down. Breaking news out of south korea. We are getting First Quarter gdp numbers quarter on quarter, seeing the biggest drop since 2008. Young talking about a contraction of 1. 4 . It is still a little bit better than expected. The expectation was a contraction of 1. 5 but it will still be the First Quarter on quarter retraction since 2009. The year on year number rising 1. 3 , is also bigger increase and was expected. It was expected it would only gain 1 . It is also growing this rise of 1. 3 year on year coming after growing more than 2 in the past two quarters, so it is still a slowdown from the previous quarter. We are seeing manufacturing taking a big hit, a contraction of 1. 8 for th ....
It is only the Dow Jones Industrial average right now that is lower today. We had a raft of earnings and a huge amount of Economic Data, very poor Economic Data. In the s p 500, it is some of the banks dragging it lower, but the dows worst performer right now is boeing, which is down 5 . Exxon mobil in there as well, and then j. P. Morgan chase. We had earnings from Morgan Stanley this morning. It has been a little all over the place, but down 1 now. The 10 year yield at 60 basis points after we got another whopping claims number, which we were expecting, but nevertheless is a shock to the system when you see it actually come out. Crude oil back above 20 a 0. 33. Just up about the u. S. Government said it was mulling paying drillers to keep oil in the ground. Th ....
Continued coverage of the coronavirus outbreak begins now. Good morning and welcome breaking news, the Senate Passing an historic Coronavirus Relief package last night with a unanimous 960 vote. Chris joins us from new york what are the next steps for this bill reporter after days of partisan disagreement, the Senate Finally reached Common Ground on this vote, the yays are 96 the nays are zero. Reporter hopes to help the people blindsided by the coronavirus outbreak we are going through a crisis unprecedented. Im damn proud of the work weve done reporter sending 1,200 checks to individuals, 2,400 for families and 500 per child. Relief for the nations hospitals. Expanded Unemployment Benefits which mea ....