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President getting support from some big names and might not be too late for a serious run and natural gas pipeline goes dry. Duke energy canceling atlantic pipeline, warren buffet is buying dominion. Mornings with maria is live right now. Dagen good morning, take a look at european markets right now. We have gains across the board. Pubs in the United Kingdom welcoming people back over the weekend, optimism there. In asia overnight, markets also having a strong rally, gains across the board. Chinastate run media saying the Company Needs bull market to build strength as Capital Markets ongoing reforms to attract money from home and abroad. You can see the rally in shanghai there up almost 6 . The fourth of july weekend marked by violence in major u. S. Cities, Cheryl Cason ....
And full analysis. The stocks going into it are higher. Futures pointing to gain at the start of tradingment broader looks good. Look at futures. 280 points right out of the gate. S p 500 up 29, better than 1 and nasdaq higher by 115 points, one and a third percent. This after the dow, s p 500 much of the needed money. Lindsey graham right here. Former Vice President joe biden picking up major endorsement from former rival senator Bernie Sanders. Mornings with maria live right now. Maria Global Markets this morning also mix today. Take a look. Ftse 100 down 25 points. Cac quarante down 2 points but the dax in germany down by higher than 11. Better than 1 . French president aim to go start opening economy and schools on may 11th, in asia overnight green across the board, take a look. Good tone overnight for the asian mark ....
Future archaeologists to sift through history to find the secrets of Climate Change. Is in doha as issues a complete sporting a new game to spains leader the stadiums as countries try to stop the spread of coronavirus. The leaders have been holding an emergency teleconference on the corona Virus Outbreak all 27 Member States have reported cases of the virus and the efforts are being made to contain the outbreak as well as mitigate the Economic Cost of it italy is at the forefront of the crisis and the whole country is in lockdown in the last day a 168. 00 new deaths have been recorded bringing the total toll to 631 hold reports. European Union Leaders are grappling with the fact that one of their own italy is unde ....
Ken i think treasuries have run as far as they are going to run at this point. If we see improvement in growth, we are looking for improvement in growth in europe, and the message will be that the market will adjust. Are we going to go dramatically higher . No. But i think we are at the low end. Jonathan it is like chinese water torture, drip, drip, drip. Ok data from the u. S. Chinese data doing ok. That chinese data to close out the week was really terrific compared to what we had 12 months ago. Here we are, yields are up by a basis point. Does that make sense . Ken i would argue it should have moved more, but there is this tremendous damper on the system that is the fed. That is what you are seeing. Greg their version of qe is still supporting with 20 billion euros on one end. It seems like the market consensus is the fed is out for 2020. That leaves you with the 10year at 1. 80. Breakeven is 1. 75. I dont see anything breaking us out of here. Jonathan we have to talk about the trea ....
That is putting the fed in a bit of a bind. It creates the risk of a policy mistake. The fed will not make a policy mistake if everything is fine. If the data does not get worse. Which people are forecasting. You could have a second half where the economy is bouncing back. The second half we should see that fade. The fed is actually going to surprise to the downside on the Balance Sheet. They should not continue that Balance Sheet expansion. Is the market going to see that as the end of qe, quantitative tightening . The fed playbook is to cut big and fast and signal qe if there is weakness. Thats a big risk for the market. Jonathan joining me around the table is greg staples, lisa hornby, and ken monahan. Lets talk about it, ken. Your thoughts on that, is it or isnt it qe . Ken i know mr. Kashkari is trying to throw cold water on the idea that it is not, but even being in minne ....