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Damaging as the financial crashes. Italy is taking steps to contain the worst infection rate outside of china. All businesses and pharmacies are ordered to close. Shery lets get you a check of the markets in the u. S. We had the dow fall into a bear. Arket territory, falling 20 the s p 500 a hair away from the 19 lower than the previous high. We had every group on the s p 500 sinking more than 3 . The nasdaq down 4. 7 . U. S. Futures under pressure. We have seen no more details on the substantive stimulus that President Trump had promised. In the afternoon, he said at one point that the u. S. May not need the fiscal measures. That did not sit well with the markets. U. S. Futures gaining 2 10 of 1 . We will see how we do without how we do throughout the rest of the session. News and headlines dominate market sentiment. Sophie a lot of caution. A she futures pointing lower despite the global stimulus engine being revved up. In new ....
Rebounds, even as saudi arabia turns up the heat. The kingdom is now threatening to flood the market next month. Relisting into the White House Briefing on the coronavirus. Larry cutler is currently speaking. We had a lot of momentum in the First Quarter. I recognize the challenges, and that is why we are proposing to combinel measures with monetary measures that have already been taken. The president intends to bring the full power of the federal government to deal with these health and economic challenges. And a word from the surgeon general, jerome adams. Evening, everyone. As surgeon general, whether its opioids or cigarettes or the coronavirus, i job is to help the American People understand how to live a healthy life. I am imploring all of you to help share my prescription for america to overcome this coronav ....
Pressure mounts. Shery the volcano in the philippines shots schools and the Stock Exchange, warning of a violent explosion. Australian markets have opened for trade. Lets turn to sophie. Sophie stocks opened to the downside, off. 2 after the best week of the asx 200 since february. We are seeing beach energy under pressure but Australian Oil companies should outperform in 2020, although looking for caution around oil prices in the back half of the year given expectations for additional supply which has taken the wind out of oils rally. The oil rally. Oil had the worst week since july. Lets flip the board to check in on cable. We are seeing cable under pressure. Looking at how it is doing, moving towards the 130 scandal. 130 scandal. Here,g into the terminal want to give you the heads up the Philippines Stock Exch ....
But the e. U. May challenges deal with china. Up ad Morgan Stanley wraps big earnings week for u. S. Banks , with a beat. We are live from the Morgan Stanley global Alpha Investment conference in hong kong. Us trillion markets just open for trade. Sophie. Sophie asx us trillion marketst open for 600 the top smock the top stock market so far this year. Broadly speaking, asian futures are pointing higher and regional stocks are headed to a seventh weekly gain. We will see if the u. S. Tech rally feeds into asia, given bullish guidance. We did have alphabet joining the 1 trillion market cap club. Fed expected to stand pat on rates. Looking ahead to the chinese gdp report, futures in singapore closing higher after a three day drop was posted and the offshore yuan is headed for an eighth weekly rise. Thea top forecaster say ....
The u. S. And china are dusting off corporate deals in anticipation. Austria braces for a hotter weekend as fires continue to burn out of control. Thousands are urged to seek shelter. This justin, the u. S. House is voting on the or powers resolution. , as is mostly symbolic resolution that would seek to limit the President Trumps options for military action against iran. House speaker Nancy Pallone says democrats were not satisfied by the administrations justification for last weeks airstrikes that kill a top iranian official. Nancy pelosi saying this is more than a symbolic gesture. We have more analysis, but it seems like a long shot for this to pass the republican held senate. That news just coming in that the resolution has been passed in the house. When it comes to the trading session, it is fading out. Tensions between u. S. And iran. A report suggests that the ukraini ....