Even about it. I have seen that today just a little while ago and i said what is this all abo it is just a continuation of the witchhunt. It didnt work out for congress, didnt work out for mueller. It did not work out for anybody so they are sending them out around of the country. It is a typical terrible thing they are doing. The witchhunt has gone on long enough. You mentioned Vaccine Developments. Can you ensure the American People that Politics Around the election will not interfere play a role in determining the vaccine will be distributed . Pres. Trump it wont have anything to do. We want to make people better. We want to send them to the areas that most need it. I think we will have something very soon. You said today in a tweet that dr. Birx from Speaker Pelosi for what did you mean by that . Describing the case of the pandemic right now. Pres. Trump i think we are doing very well. As well ashave done any nation if you really look, if you take a look its what going on especiall
Tank. Forail we had big gains u. S. Stocks, big rebound rally, but not so much for the emerging markets. The emerging markets index closed down fractionally. Over the last 10 days, 10 days in a row, that is the longest losing streak since 2015, the worst since the Fourth Quarter of last year. Was down ahead of the volatility. Macro concerns around a trade war and everything else, including the fed. In white, the s p 500, in yellow, the emerging markets index. Rebounding from the big selloff last year, trading mainly in lockstep. In april, it started to turn down ahead of that pullback from the s p 500 in may. Liquidity and trade war concerns. A bit of a recovery for both. The s p 500 at the market recouped or than one third of the losses today. It is a good time to focus on the stocks most susceptible to a trade war. My colleague cameron created the trade war index. 25 stocks at least 5 billion in market cap and derive at least 15 of their revenue from mainland china. This revenue has
Billion of e. U. Products. Hong kong protest take a violent turn. The government commends vandalism. News out ofing south korea. We are getting Consumer Prices for the month of june year on 0. 7 . Ricing this is as much as it rose back in the month of may but also slightly disappointing yeartations of a 0. 8 rise on year. Month on month, it contracted zero point 2 , which is a bigger contraction as expected for the month of june. We have seen a lot of pressure for Consumer Prices. We are talking about lower oil prices. Brent crude prices down 20 on average in the month of june compared to one year earlier. Not to mention the domestic demand in south korea is pretty weak at the moment. The bank of koreas signal we will probably miss the forecast of 1. 1 inflation in 2019. Pretty far away from the 2 inflation target for the bank of korea. We can see proof that inflation and theions are low inflationary pressures are low. Gaining onlyr cpi 0. 7 , missing expectations. s ctia gaining only
U. S. Economy atop of worries about emerging markets. It was an orderly but a broad selloff with almost all sectors down 2 to 3 . Even staples was down 2 . The volume was very heavy, one of the heaviest days in a year suggesting that many professional traders were lightening up exposures to stock. Theres been a lot of talk about market complacency. As i mentioned, the volume was huge. 4. 7 billion. Thats one of the heaviest days in more than a year. As i mentioned, the volatility, the v. I. X. , closes at the highest level in years. Bottom line, most traders saw bonds that continue to rise while stocks continue to move up. So far, the consensus has been completely wrong, larry, but then again it usually is. Lets call it the great rotation in reverse. Back to you. All right. Many thanks, bob pisani. Appreciate it. Lets talk about how the key asian markets have opened after the big selloff. Matthew taylor is joining us live from sydney, australia. The nikkei just opened. 8 on japan. Push