Morning 4-16

Pres Trump: will be announcing new Covid-19 guidelines to various State Governors via teleconf; data suggests the US has passed peak of new Covid-19 cases (ITC Markets)

@realDonaldTrump 9h: We are having very productive calls with the leaders of every sector of the economy who are all-in on getting America back to work, and soon. More to come! #MAGA

Nikkei Source: Japan govt will cut economic assessment for country in Apr after also cutting assessment in the prev mth; new report will offer most gloomy assessment in 11 yrs as economy is said to have worsened sharply (ITC)

-JAPAN’S ABE: WILL EXPAND STATE OF EMERGENCY TO WHOLE     
 COUNTRY(BN)

-The Senate still trying to hammer out more relief measure for small Business, supposedly more talks today to provide more funds

Morgan Stanley and Block rock  out with earnings this morning both companies trading little changed

Markets:

 Ultras +1.5 handles Bonds almost a handle higher Spoos little changes but decent 60 handle range overnight. European Stocks Higher Mib +1.1% BTPs +125 ticks. A bit of hope or optimism regarding Trumps announcement later today has Sentiment slightly positive so far today. Jobless claims and Housing start this morning will be watched closely. Jobless claims will be ugly but let’s hope better than last week. More announcement of slaughter plants shutting but Cattle and hogs appear to be waiting for weekly export data at 7:30. Gold back on the bid futures +1.1%, Oil hovering around $20 Copper little changed. Currencies Sideway trade

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