Hitting an alltime high yesterday continues the momentum up another 37 points on futures this morning on nasdaq. Meanwhile investigating the origins of the russia probe as you could see the nasdaq is alltime high yesterday and general attorney general bill barr saying hes trouble of what has been called to his attention so far. We are waiting on criminal investigation by john durham and added that americans will be able to recognize some of the names under investigation as part of ongoing probe, we will have more on what the attorney general said today. The coronavirus pandemic, more businesses across america are opening but dr. Fauci is warning the nightmare is far from over. The World Health Organization is now walking back the claims that asymptomatic transmission is rare. Mornings with maria begins right now. European markets mixed, ftse 100 down 26 points, cac quarante down 21 rand dax germany lower. Bars, restaurants, hair dressers will remain close in july 1st in euro zone. In a
Despite strong sales during the shutdown, especially from walmart. And times of trouble in the Housing Market u. S. Home building dropped by the most ever in april a lot of talk of a bottom has those housing stocks up as well today. Absolutely. But as you said, the Broader Markets near the session lows. Coming up on todays who, well speak with Eric Rosengren on the back of that congressional testimony from chair powell and secretary mnuchin. Well get his read on the economy and whether weve reached a trough in the data plus, well speak exclusively with jim fiterling as the Company Releases a return to work playbook but lets focus in on the big stories were watch ing today. Mike is tracking the Market Action courtney has highlights from retail earnings. Mike, you and the market just selling you have a bit, but of course only lightly following yesterdays big rally. Actually today is i think the narrowest range intraday for the s p 500 in three months and by the way, three months to the d
Sees a 25 rally ahead should you bite into this name we begin with the news that moved the markets, stat news pulling the coronavirus vaccine. The reports saying according to the vaccine experts, theres really no way to know how impressive or not the vaccine may be while moderna blitzed the media, it revealed very Little Information and most of what it did disclose were words, not data that report sent stocks tumbling look at the Market Reaction when the story hit just around 3 00 p. M. Eastern time and it closed at the lows of the session and modern a of course, finishing the day sharply lower. Guy adami, the hope rally was fueled by moderna. Hi, mel here we have the decline in the markets because of moderna yeah. And its disappointing, number one. And im not a Clinical Research scientist more do i pretend to be, but we talked about this last night we said, you know what this it seems a little sparse in terms of information and we thought people were getting their hopes up and yesterd
That was a sea change over what we have seen the last eight weeks. Francine hyde park was definitely packed as well and on saturday. It kind of goes to the challenges the authorities have as you look at the infections in real time to see whether you can go back to full lockdown. This is what markets are trying to figure out as businesses are reopening but you dont exactly know for how long. Tom it is true, nation to nation as well. Brazil having a particularly tough go of it. Statistically there is much more we can talk about about the economics and financing and also how it all folds into this pandemic. German powell front and center on that chairman powell front and center on that. Right now with our first word news. The Federal Reserve chair says the u. S. Recovery could drive through 2021. He told 60 minutes the economy will recover steadily through the second half of this year, but he said a full recovery depends on people being confident and that may not happen until a vaccine is
It is the new epicenter. It is spreading like wild fire. The Oil Price Wars raging on this morning. Saudi arabia says it will boost production to the max, 13barrels a day as russia is increasing production as well. Mornings with maria is live right now. All right, we want to start with Global Markets this morning. Ftse 100 up 50 points. Cac quarante up 83 82. The bank of england announcing an emergency rate cut this morning, 50 basis points, bringing that rate down to a quarter of a percent, thats from the bank of england. In ash overnight red across the board. Take a look at the story. Worst performer here was korea as well as japan down better than 2 a piece. Back here at home 10year yield falling, down another 10 basis points this morning at. 711. The countrys lockdown moving toward shutdown in italy. Signs more severe restrictions could be impose today stop the spread of coronavirus throughout italy and europe. New york is taking drastic measures as well. Creating a socalled contai