Well have another big lineup to walk us through thoseresults and what they could mean for your money as well including investors like barry diller so the next 24 hours as i think we all know will be action packed one way or the other. Joe. Thanks, andrew. President trump and joe biden making their final arguments to the American People in swing state rallies last night we made history together in our years ago and tomorrow well make history once again. Were still in the battle for the soul of america, decency, honor, respect you better get out there and vote tomorrow, i will be so angry, ill never come back. Never come back. Im running as a proud democrat but i will govern as an american president for months cnbc has been bringing you exclusive data from our states play of battleground polls. Joe biden has a lead among likely voters in each of the six states that that poll is tracking they say the top issues were the economy, the pandemic and political corruption and check this ut, 46
A lot of folks thinking it was over and done. Ck upof those sto sharply. Nothing is changed for these companies. What is changing as investors saying we have gone too far, too fast, so now we are seeing a pullback. Again,take a look at the we are seeing a pullback. If it is a fearful look for stocks, you can see those haven assets rallying. The point wisely yesterday. What is going on with softbank . There is a Financial Times report that what triggered this is they went big and some options on big tex. Abigail that is an interesting point. I do not know if it has to do with softbank, but theres been a lot of unusual options activity where you have folks buying shortterm call options. That is expiring this week, next week, betting that after the huge move up, the nasdaq up 80 from the march lows come after that it will go even higher. Some thinking that is not so stable. What we think because of all this is it is technical selling down to the 50 Day Moving Average. If the 50 Day Moving
Home this is not an option. Welcome to my world this is all i use these days. It is so easy. So quick amazing im 30 years old im 66 i look like adonis. You are mocking me. Not a terrible mock to receive wolff, were you here in the u. S. You mean january 1, 2016 when i arrived on these shores . Was it really january 1 one or two. You are in for another treat, i guess to see real democracy in action to have a constitution that is the envy of the world instead of 12 different parties in england, the republicans can team up with bernie. You know what it is like to win the popular vote exactly, because our forefathers realize two parties could not elect the president. Other people might have something to say in the uk, you can quite comfortably get a seat in Parliament Without the popular vote you are right, we have no written constitution it is hard to push back on that front. We have our own royal family, the kardashians. We promise not to gang up too much. Im enjoying this so far. I want
Starting the quarter with gains. The nasdaq was up more than 1 by an alltime high. S p was up half a percentage point. The dow was up slightly. A decline of about 0. 3 . Burke buckle your seat belts a lot to come. We have been watching what is happening with the futures at this point, all three in the green. The dow up almost 200 points all coming before the big jobs report the last trading day of the week before a long Holiday Weekend for the 4th of july. You could see some activity happening here a quick look at the treasury market youll see right now, the 10year looks like it is yielding 0. 676 . It is that jobs preview people are waiting for to get a sense of what is happening in the economy. Lets bring you the preview maybe not the numbers itself but get ready for them markets in the u. S. Are closed tomorrow in observance of Independence Day today is jobs thursday forecasters expecting an addition of 2. 9 million nonfarm jobs in june Unemployment Rate expected to dr drop calling
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