Good morning welcome to squawk box. Im becky quick with Andrew Ross Sorkin and joe kernen. Welcome back both of you some big moves we are looking at today. Lets look where things stand with the markets dow futures are off by 34. The big news is happening with technology stocks. Down 343 points. Thats big you are talking 3 of the market or 3 decline for the index. Thats a big deal when you look at what happened last week on thursday, nasdaq was off 5 on friday, another one and a quarter percent. You are taurking 6 and a quarter decline. Because of what is happening with the biggest stocks in that. Tesla indicated down 11 in the premarket Asml Holdings down nvidia down advanced microoff off 4 . Those that have boosted that weve seen selling off today you are still looking with these declines at a market at higher levels weve run up quickly and we are seeing it now joe. Watching it head higher watching it ever day, we are like this tech stuff is insane benefitting from what we are all liv
A warning about the spread from children. Safety fears over the worlds top selling passenger plane theres concern about engine failure on boeing 737 to grounded by the coronavirus fallout. And score Major League Baseball is back in north america after a 4 month delay caused by coronavirus the leak has started with no fans in attendance. Welcome to the news our good t. V. Company time is nearly up for china to shut its Consular Office in the u. S. City of houston over spying claims but the crisis between the 2 countries is only intensifying a Chinese Research or taken refuge in the San Francisco Consular Office is expected in court soon accused of hiding her military connection when she applied for her. U. S. Visa in houston chinese consular staff have been busy clearing out less than 3 hours now remain to the closure deadline the u. S. Ordered the move to protect American Intellectual property well Chinas Foreign Ministry call vatanen justifiable act and then retaliate has ordered the
And we are out of time we hand it over to melissa lee coming up on fast, follow the yellow brick road, that is the message from the chart master, why carter worth is betting on bullion. Payment problems, the analysts call square tumbling today, and later. One more big uptick, i dont know whats doing it. We have a major trade update from davy day trader. We start off with a big market rally. The s p posting its highest close over 2 months. The nasdaq now up 3 in 2020 a far cry from where we were just a few weeks ago do you believe in this rally, guy . Hi, mel hi, guy no. I dont believe in it at all ive been wrong now for the last couple weeks this move from 2800 has me scratching my head consistently, the paint trade is higher not only was the open of a vaccine the 60 minutes piece with joer oem powell which was somebody like me, stomach turning, when asked, where are they getting this money from, thats one way of putting it, that was a lot of this as well i see what happened today, i g
Work. We are finalizing the , whichl of a phase three we are hoping to start in july of this year. Severaly will be thousand subjects across many countries. That it will happen in july as planned. Talking about how it is accelerating its testing. I want to bring in taylor riggs. A lot more work needs to be done here to prove that the vaccine works. This would have to be going on for much longer and more sustained trials. How much of this rally is due to here . Pe of a vaccine taylor i would say that there are three things to be happy about this. Updating the stock to 105 a share with the buy rating. Saying that this vaccine hits the mark. Paper sandler saying this could have potential blockbuster sales next year. Essentially, you had analysts on the street doubling their price target today. You did hint a little bit about a note of caution. I will reiterate that as well. Was ats said the result sample from a small, first study looked to see how safe it can be in human volunteers and it
Is our to International Coming to you live from the russian capital with your live news update lets begin with the latest figures on kobe had 19 the Global Pandemic is still raging the number of confirmed coronavirus cases has now surpassed 3000000 more than 125000 people have recovered but the number of fatalities has risen to more than 211000. Mortality rate from cope with 1000. 00 has been much lower than some other e. U. States and thats encouraged it already reopens small shops and some schools but with political pressure growing to go much further to kick start the economy scientists fear that could trigger a deadly 2nd wave of the virus so to fully lift the lock down or not we are all for reports. One of 2 of the politics is al. A statesman has ruffled a few feathers with his comments putting economics over health when it comes to the corona pandemic if there is an absolute value in our base ignore it all it is Human Dignity it is untouchable but it doesnt rule out that we have