Assessment of Global Energy demand. Saudi arabia is cutting output to the lowest level since 2002. As mentioned, we are looking at the start of the trading session. Thats get over to Sophie Kamaruddin in hong kong. We are expecting moves to the downside. U. S. Futures holding onto a three day decline in kiwi stocks. The index is off by about. 33 and markets are priced in new zealand to join the negative rate club. Amid calls for more stimulus around the world, we are waiting to see if china will cut the rate for the third time this year as the country grapples with a week start and millions of unemployed. Emerging from lockdown, the global stock rallies are sputtering. Risk is wave infection being weighed alongside the threat of business failures and job losses becoming permanent. Beyond that, the aussie dollar is bearish and ahead of the april jobs report. It is seen with a deeper impact. President trump says fed chairman jay powell is doing a good job but disagrees with him on negati
For the year. 4 , at a 25 handle after saudi relaxed. The dollar index just below, weaker. In the afternoon u. S. Session, many currencies including sterling and the euro, weaker today. Deeper dive into the Market Action analysis,e equity bond market analysis, two year yield hit a record low, below 14 people flood 13. 8, into the shortterm markets, worried about the Economic Data like jobless claims. Flipside, a steepening of the yield curve. A lot of supply coming online on the long end to fund stimulus measures. Yield hit, to year the intraday record low. You mentioned the tax markets. Thes p 500 tax sector, first to turn positive yesterday for the year. I continued that continue to the day. 10 of theless than record highs going back to february, 2019. Tech continues to be the leader in this market. Individual stocks. As you focus on the latest trends, working from home, buying things online. Rising as people are buying thermal imaging systems, perhaps when people start to return to
U. S. Naval Institute News reporter sam lagrone talks about the role of u. S. Navy hospital ships in the coronavirus response. Washington journal is next. The men and women of the greatest country on earth are going to defeat this coronavirus and reclaim our future. After sleep deprived nights and marathon negotiating sessions, we have a bipartisan rescuent on the largest package in American History. Host republican and Democratic Leaders in the u. S. Senate announcing a deal at 1 30 a. M. This morning on a 2 trillion coronavirus aid package. Good morning. We will get your thoughts on that this morning. Democrats 202 7488000. Republicans 202 7488001. Independents 202 7488002. Youcan join us as well if text us with your first name, city and state that 202 or8003 at 202 7488003 go to twitter at cspan wj. We have learned about what is in the deal the lawmakers have reached. Theres 500 billion for major corporations. 360 7 billion for Small Business loans. 130 billion for hospitals across
Which is crucial for canada. Lets check on the broader markets here in the u. S. For the s p 500, continue to reach above 3000, but just a bit of weakness before the rates decision. The u. S. Dollar index not really moving. We are at 97 92 cents, fairly healthy. Off. 0 year yield on general electric, investors reacting well to this numbers to these numbers. It looks like larry culp is actually delivering. Guy cash flow very solid. Flows off today. It is the banks really doing the damage, mainly Deutsche Bank, Credit Suisse, santander, all down hard today. That is what is dragging the stoxx 600 away from the 400 line. Eurosterling a little negative right now. Tiering comes into place today for European Banks, plus the restart of that qe program. We are keeping a firm i on both of those stories. The others dry want to mention is the South African rand, absolutely pummeled. The dollar up by 2. 5 . The budget out in cape town today, having a few having a huge impact on the rand today. Vonn
Today. Down 15 . Accounting errors being investigated by the fcc and ftc and the doj. A deal has striker down 4 . It is buying a medical device manufacturer based in amsterdam, wright medical. It is selling down a little bit off of that. Guy here in europe, the stock 600 through the 400 line. That is a big deal. It is being driven by the dax today, german autos getting in on the deal. We are waiting for Christine Lagarde to speak, the first time shes going to do so as president of the ecb. Dare i mention it . The rand up by 2 . This to do with the fact that south africa did not get downgraded on friday. Negative from moodys but it did not get downgraded. Peter, lets start with equities. Absolutely going from strength to strength. What message do you take away from that . Is clearly athere loss of liquidity. The fed is injecting cash. The 60 billion per month in tbills they will buy per month on Central Bank Balance sheets. The ecb is back on expansion. Over the many years we have been