Saying it will reopen 100 stores in the u. S. This week and progress on the vaccine front with heavy hitters stepping in which well have much more on. We will and not just are we excited about the new package there, the music is exciting i had seen the graphic, but i add not heard this music they should just playing through the whole hour to keep people on their toes very dynamic and thanks to the team for making it work. 59 minutes left of the show and big guests to come a huge exclusive with the ceo of merck. Ken frazier. Hell join us as they lay out their strategy to battle the coronavirus. Plus, mt. Sinai teaming one a slew of companies to support front line workers well speak with the ceo and ceo of pinterest. Mike is drilling down on the action meg is tracking progress on the vaccine front and wilfred has new comments from jamie dimon, but mike, first to you on this Broader Market and take ussen inside what are you seeing . Yes, obviously have broken above these levels everybody
Heated ever, and the last 10 weeks is basically stealing that ground is the most heated rally we have had in quite some time. Caroline brian jacobson, lets get back to him. Wells fargo Asset Management strategist. Are you committed to equities now . What about other assets . Taylor focused on the weakening dollar. Where else are opportunities . U. S. Treasury yields are still through the floor even though we saw a bit of a selloff today. Brian yes, even though we have seen it come up a little bit, the twoyear, at 75 basis points, or 0. 75 on a 10 year treasury, we do like the highyield area. But you need to discriminate within that between the energy names and the nonenergy names. Indexerg has a fantastic on highyield excluding energy, and it is fascinating how that from losses, but not completely. It is mainly the energy names that have been down. But that might be showing signs of coming back to life. We do like highyield. Italy, we have been seeing a bit of a rotation with some euro
Crude down by 6 10 of 1 . Pretty weighty session. Itll waiting to see whether is a go away type trade. Latest to suspend guidance on a lack of charity and visibility. The s p is down two thirds of 1 . Obviously, stocks that are moving the most to the downside are the airlines after Warren Buffetts comments. You can see the Airline Index down 9 . That is weighing on the dow as well. The dollar index is a bright spot. It is continuing to strengthen. In theil is still 19 20 range. Guy absolutely. Lets talk a bit about what has been happening in europe. The latest manufacturing pmi data was horrible. As expected. Outputs, new orders, exports, sales, all full. Down to record rates. Coming from a ruling from germanys courts to the bond buying program. There is some good news. We are starting to see economic reopening spirit spain guy spain starting to relax its lockdowns. Lets talk about where things are going to go and what week we are likely to have here in europe. Callum, the data are rea
There have not been big problems to note thus far. We do not know about cases whether well see a spike in cases. It is inevitable we probably will. They just want to keep that relatively contained. Welcome, im neil cavuto. Youre watching coast to coast. Were on top of the president en route to phoenix, arizona, visiting a honwell facility that has been retrofitted for respirator masks and the like. Blake burman on what we can expect to hear from the president later today. Hey, blake. Reporter hi, there, neil. As a lot of these states start to open there is a lot of focus on the different models out there what they project. By and large the white house is standing by the imhe model coming out of the university of washington. It is new projections over the next few months between now and august 1st, there could be by that time some 134,000 covid19 related deaths. However when you look at the model it is showing that the daily number of deaths will be decreasing over that time as well. Th
Going to be a strong enforcement of quarantine. You have to have separation. You have to have separation or this thing takes longer to go away. I think you could said this for your country and a lot of countries, it goes away. Away with very, few few desperate very deaths. Relative to other countries, we have very few cases. I think we have the greatest doctors in the world. We have offered iran assistance. Iran is having a tremendous problem. We have offered iran assistance. If they would like it, we will help. [indiscernible] i would rather not say. Lets put it this way. You will see. I cant say. I was working on that last night, also. Determinedbeen fully it was iran. It was a rebel group. It did look like it could be backed by iran. We will see what the response is. [indiscernible] pres. Trump i always want him to return because he is a friend. We started off both new to the job that would always like to see him. There are other people i get along with really well. This is a very s