At the fact that its sort through 2000. 00 do you agree with what Goldman Sachs who is one of the biggest beneficiaries of the can tell you in a fact all of the sort of money system they say that the u. S. Dollar is days are nearing an end and how they determine that in their reports is that. The gold price so do you see those 2. 00 as being related and are they a little bit see you doing gloom and that the u. S. Dollar is ending soon the answer to that is yes they are related but i would put it slightly differently from the way Goldman Sachs describes it there was a day earlier in this year when everything changed it was rather like you know the tide stopped going out and started coming in all from how the part of you stopped coming in as a going out and that was the 23rd of march between more or less the beginning of the year and the 23rd of march markets sank the s. And p. Lost a 3rd of its value you had gold was just absolutely knocked down i mean certainly the open interest was no
Beginning of the year and the 23rd of march markets sank the s. And p. Lost a 3rd of its value you had gold was just absolutely knocked down i mean certainly the open interest was not down though the price was a lot more resilient than you would have thought and so there were various things that really were his i mean even bit coy and sort of was pretty weak in those in the at that early time but then on the 23rd of march something happened and that was that the fed made a statement which basically set we will throw however much money it takes at resolving economic problems and at that moment the markets switched from being worried about deflation to suddenly thinking the outlook is inflation the s. And p. Took off and we are where we are now gold and silver took off the gold silver ratio collapsed from 120. 00 down to current 70 ought they call and took off oil took off though there was that moment and i think we discussed this in an earlier. Cost with the video with the when go dippe
Ahead of next months elections they say president bush and his claim of a russian subversion for office as a shadow. Not some launches its mites to the mystic asia admission yet to find life on mars. Now donald trump has been condemned by democrats and Senior Republicans suggesting that novembers president ial election be delayed many states want to make personal voting is it due to Coronavirus Health concerns but trump insists without evidence that mail in voting will lead to a rigged result our White House Correspondent jim to help us has more. Even by his old standards his tweet was nothing short of astonishing thursday u. S. President donald trump suggested the november president ial election should be postponed alleging. Little fraud associated with mail in voting trump tweeted delay the election until people can properly securely and safely vote the president has no Legal Authority to change the election date leading even members of trumps own Republican Party in congress to scof
Millions in chile raid Retirement Funds as the impact of coronavirus hits home plus. Im wayne hay reporting from thailand where well tell you how rubbish washed up on beaches is being used to help fight the spread of coronavirus. And is the most advanced mars mission yet but nasa is already tackling a Technical Glitch on the perseverance rover. Donald trump is being condemned by democrats and Senior Republicans for suggesting a delay to novembers u. S. President ial election many states want to make postal voting easier because of Coronavirus Health concerns but trump insists without heavens that men and voting will lead to a rigged result White House Correspondent Kimberly Hauck it has more. Even by his old. Standards his tweet was nothing short of astonishing on thursday u. S. President donald trump suggested the november president ial election should be postponed alleging potential fraud associated with mail in voting trump tweeted delay the election until people can properly secure
Good morning, everybody. Welcome to squawk box on cnbc. Im becky quick with joe kernen and Andrew Ross Sorkin well start with the markets after the dow fell for the first time in four sessions. Airlines, cruz and retailers all fell during yesterday sessions those have been the volatile stocks if you look at u. S. Equity futures this morning, youll see green arrows the dow indicated up by 28 points nasdaq up by 24 and s p up 4. 5 yesterday, the dow was down 170. During the course of the morning, we were watching the futures and up as much as 250 in the morning. Weve been keeping an eye what is happening with the treadsry markets. Right now, it looks like that 10year yield is just at 0. 71 andrew good morning. Thank you. United states pulling out of talks with europe to tax tech giants Steven Mnuchin saying international talks have hit an impasse and there wasnt even room for an interim deal it threatened retaliation if they move ahead with plans of their home a number of European Compan