Good morning im becky quick along with joe kernen and ars there are some red arrows. You have to look at what has been happening over the last week joe mentioned it is up 3. 5 this week alone watch what has happened. The crazy whip saw market picking up again walking you through the dow. Thank for peter for helping me out with this. The record high 25,551 on november 12. Falling to the low on march 23, 18,591 yesterday, june 3, the dow up 41 back to 26,269 the same story with the s p. Looking at that, you will see it hit a record high 3,386 on february 19. Fell on march 23 to 2,237. Yesterday back to 3,122. It just shows you how rapidly these things have happened and how much ground has been made if you are looking at the nasdaq. Only up 1. 4 from the record close from february 20 treasury yields have picked up the 10year yielding 0. 746 . Crude oil prices are down this morning. Concerns that that opec plus meeting. That there will not be any cuts extended a lot of that comes as you ar
14 points. What is going on here . First of all, there are clear signs the lockdown is ending and the economy is expanding. Theres been a big jump in Mortgage Applications and a surprisingly small drop in private sector jobs in may. We are going to check the other indicators for you. They proiare pointing towards growth. June appears to be the turning point. As for urban unrest, look, its very hard to be positive when you see razor wire around saks fifth avenue in new york city. Overall, violence was down last night. Peaceful protesters were out in force and that, in my mind, is a very good thing. Green shoots, something positive this wednesday, june 3rd. Varney company is about to begin. Stuart i think the story of the morning has to be calm. Protesters turned out across the country last night, some defying curfew orders in major cities, new york and d. C. , but it was by and large a calm night. A welcome contrast to the past few nights of mayhem and looting. Now, the night was not fr
The futures contract from the big gains as well. Optimism at the start of this session. A data out of the u. S. We have p. M. I. Numbers. And easing from the impact from the virus. E await that data. Good to from bill have you with us. In the end at the end of the day, it remains strong and solid. This market seems to suggest you cant fight the fed or federal banks and no bad news will sentiment. Y damp the im not sure that i would be that positive about the sentiment. The correction that we saw in march was sort of a classic correction, if you like, with all the things happening in the normal order. But the rally has been defensive in nature. A lot of defensive assets like gold have done very well. And certainly defensive sectors within equity markets, for well. E shes have done we have this massive, massive, monetary and fiscal action by the fed and other Central Banks and governments but im not sure if that turned yet sent metropolitan positive. People are still very, very carbous.
Offering us a bargain here u. S. Treasury expects to borrow 2. 00 trillion a net marketable debt in april to june quarter 3. 00 trillion dollars more than estimated in february to put not trillion dollars come on down to the feds Bargain Basement to put montreal in dollars order now and get 6 trillion dollars more in 6 months or now just 6 trillion dollar war in 6 months come on down to the fed broader base with high of j. P. L. I print money like a maniac come on down to the feds Bargain Basement ill give you a choice dollars right now because of all baseball cards you got civil civil war you got some old rags that round the house will give you a 1000000000. 00 come on down to the feds money printing shop right now. You know you might want to this is christine the guards money printing go to christine look at well just ridiculous to look at than the one most soon to print how do you know how to reduce. All of movement is all of that good you. 7 can assume. We know that your french is
Offering us a bargain here u. S. Treasury expects to borrow 2. 00 trillion a net marketable debt in april to june quarter 3. 00 trillion dollars more than estimated in february to put not trillion dollars come on down to the feds Bargain Basement to put down trillion dollars or down to 6 trillion dollars more in 6 months or now just 6 trillion dollar war in 6 months come on down to the fed broader base which i have j. P. L. I print money like a maniac come on down to the feds Bargain Basement ill give you a choice because right now because of all baseball cards you got civil civil war you got some old rags that round the house will give you a 1000000000. 00 come on down to the feds want to print shop right now. You know you might want to this is christine the guards money printing go to christine look at well just ridiculous to look at when they have one most soon to print how do you know how to rid of. All of movement is all of that good you. 7 can assume. We know that your friend is