Dollar is mostly higher against some of these currencies. The kiwi and the aussie which were the early outperformers seem to be also moving some ground. The aussie certainly has had a relentless rally. Take a look at what has been driving the sentiment here today. The likes of oil. After six straight weeks of gains, this rally seems to be taking a bit of a pause. You take a look at brent, still hovering around 42, 41. New york crude around 39. 52. We are watching the likes of the u. S. Tenyear. We have surged to a high on the jobs report for friday. We are backing off from the fed when they take the stage later this week. The yield curve is one of the steepest in three years. Expect it to steepen further from here. Chinas trade surplus surged to a record in may as exports fell left and inspected. Helped by an increase in medical related sales per lets get more on this story from selina wang in beijing. What is the context between the trade surplus . The numbers were much better than th
Industrials, financials leading the way. Energy up 8 . David, if you can believe it, oil has been all over the map, the energy index nearly up 100 since its march low. So investors all in on the day, david. David abigail, they may be buying the news because they didnt have a rumor. Abigail yes. David possible rotation out of bonds. Are peeping leaving bonds because they like equity so much . Abigail they are. The 10 year yield is backing off the most ever, up about 28 basis points on this week, david. Oday alone, nine basis points. Inverse to price so that telling investors going out of bonds and that money today does certainly seem to be going into stocks. Whether or not that dynamic will continue, money out of bonds and into stocks, is to be seen. But if it does happen and today it appears to be happening, it could suggest that there may be another leg to this most heated rally ever. The s p 500 up 40 into today, a forecasting tool on what proved to be a very promising jobs report, e
Stalling, the origins of the coronavirus outbreak, this as the white house is still blaming beijing. Elon musk scoring a win in his battle with california really Alameda County getting green light to open alameda factory after orders to stay close. Futures are searching for direction. This after markets gave up early gains over concerns about a possible spike in coronavirus cases, that leading to a selloff yesterday. Uber looking to take over grubhub in possible all stock deal as food demand surges during lockdowns. More controversy in the Michael Flynn case, a federal judge delaying a decision on the Justice Departments move to drop the case against the former National Security adviser. One programming note, tomorrow, do not miss marias sitdown with President Donald Trump. Latest on getting america back to work, more stimulus, china, the 2020 race and a whole lot more, you dont want to miss any moment of it right here starting at 6 00 a. M. Eastern. Meantime mornings with maria is liv
And. No flights no travel no tourism tens of millions of jobs are at risk because pandemic and his holiday plan so how will tour operators recover and how could you offer a coronavirus free vacation this is inside story. Hello welcome to the program on boots. The Global Tourism industry has all but ground to a halt because of the coronavirus pandemic most International Flights of stopped and Hotel Bookings evaporated as countries closed their borders and imposed lockdowns 100000000 jobs at risk according to the uns World Tourism Organization where countries with foreign infection rates and are planning to ease some of those restrictions its in the hope of encouraging travelers and their cash to venture abroad again well bring in our guests in just a moment 1st this report by the marriage sound its unusually quiet in santa rini the popular greek island is normally full of tourists admiring its white villas and breathtaking scenery but the pandemic has emptied its beaches and shut down t
Global deaths from the coronavirus reach 300,000. While cases continue to fall in europe and the u. S. , alarm is growing in asia over a potential second wave of infection. Stocks and futures gain even as data from china shows a slower return to normal than hoped. Focus turns to german gdp numbers. In just two hours. Looking for a drop of 3 in the first quarter. Sanofil macrons berates for suggesting the u. S. May have hurt access to a vaccine. The frenchetween president and the drugmakers ceo is scheduled for next week. Just under an hour away from the start of cash equity trading in europe, lets take a look at futures. Gains of 1 acrosstheboard. A rough dayhave yesterday in european stocks. Closing down 2 . Then a turnaround in u. S. Stocks. That has now rolled around in asia and that market optimism is prevalent in european futures. Not been u. S. Futures. Little change. Anna . Anna a little bit of breaking news. In london, this would be of some relevance. System, aand transit fundi