Reopening. We will speak with a Lieutenant Governor. She will be joining us. Partner chairman per perspective on the company front. We are getting some data right now. Existing home sales, monthtomonth on month, 9. 7 , that is significantly worse than the market was anticipating. This is the month on month number. The Economist Survey suggested the number could be 5. 6 . Set ofgnificantly worse data coming out of the u. S. Housing market. U. S. Sales coming through at 3. 91 in totality. So, the u. S. Housing market is in a word place. In some ways because of government assistance. We have not seen a collapse in prices. This is transaction. Prices are fairly buoyant. Later on this year, things could get trickier. At the moment, looking at the monthtomonth, that number worse than anticipated. Alix it raises the question, where do people want to live as areas reopen. New york, as we mentioned, and during the second phase. 300,000 more people returning to work today. Outdoor dining, and pe
Monthly contraction on record as gdp falls more than 20 on april on the countrys first full month of lockdown. A resurgence of cases across the u. S. Fuels fear of a second wave as the imf calculates around the world already spent 10 trillion to fight the pandemic and warns america cannot afford another lockdown we cant shut down the economy again. I think weve learned well create more damage, not just economic damage but there are other areas. Weve talked about this, medical problems and Everything Else the six group seals the deal batching the nearly 3 million take over. Well talk with the ceo at 10 35 cet. Very warm welcome to street signs. Happy friday it has been quite a week for morning ets. We open the day in negative territory extending the losses weve bounced across the flat line into positive territory it has been a volatile choppy session already. The theme is certainly over the last couple of days in the reversal of the cyclical value parts of the market. That trade has bee
All three major indice closing out may in the green with the s p 500 now up more than 38 from its march lows but take a look at the small caps. Despite seeing a boost the group is still lagging the market, down 16 carter says theres more trouble brewing for this beaten down sector carter, what are the charts telling you . I mean the issue here, of course, small caps have lagged for such a long time and they are very heavily weighted to financials but lets look at one of four slides the first shows you iwm and well defined lows from which the iwm, the russell 2000 broke sharply see that level, its sort of the 145 level and plunge to 95 then we ricocheted all the way back to that level and thats the issue. Were up 51 off the low more than the s p. But thats the problem with going down so much meaning its so damaged, take a look at the next slide so here, again, ive drawn the arrow. Basically its a classic example of a rally back to a difficult level where a lot of commitments were made.
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
Closing out may in the green with the s p 500 now up more than 38 from its march lows but take a look at the small caps. Despite seeing a boost the group is still lagging carter says theres more trouble brewing for this beaten down sector carter what, are the charts telling you . I mean the issue here, of course, small caps have lagged for such a long time and they are very heavily weighted to financials but lets look at one of four slides the first shows you iwm and well defined lows from which the iwm, the russell 2000 broke sharply see that level, its sort of the 145 level and plunge to 95 then we ricocheted all the way back to that level and thats the issue. Were up 51 off the low more than the s p. But thats the problem with going down so much meaning its so damaged, take a look at the next slide so here, again, ive drawn the arrow. Basically its a classic example of a rally back to a difficult level where a lot of commitments were made. Money was lost and now that money has been