Record. A decade on commodities are seen as australias savior. Rising demand and expansion plans may ease the recession. Shery lets get you started with a quick check of how market are trading. U. S. Futures up 0. 25 after a brutal session in new york. Stocks tumbling the most in three months. Every company on the dow was down today, all 30 companies down. Almost nothing was spared. The s p 500 seeing the biggest decline since march 16. At one point nearing that 7 threshold that would trigger a pause. We saw the big gainers in recent weeks like airlines, travel Companies Taking the brunt of the selling. We had concerns over a second wave of infections across the u. S. , also a lack of further easing plans from the fed potentially dampening the recent rally. The nasdaq was down or than 5 . We saw the dollar treasury surging the most since april. Lets see how things are shaping up for asian markets. Sophie kiwi stocks up more than 3 . Asian benchmarks have been slashing. A pullback looki
In the white house, continue they continue to push reopening. Stephen mnuchin says another shutdown is off the agenda. Like ait does look terrible set up when it comes to this final friday training session. The selloff looks to continue. In the u. S. , it was deep and heavy volumes as we saw that box provedy go really be wrong that came to a screeching halt. 2 trillion to write off the value of u. S. Equities in under seven hours time. The are seeing a rebound when it comes to u. S. Futures trading for the s p, seeing upside about. 5 . Chicago and nikkei futures looking positive. Still, we could see some downside in the session, particularly as we continue to see the yen, really the only outperform against the dollar. In sydney, no such luck. Futures plummeting by over 3 . We had aussie stocks falling the most in six weeks in the thursday session. We are seeing the correction extend to almost 4. 5 percent in the early part of this session as we see downside for the kiwi and the aussie
Jump some sometime. Nationally doesnt seem to be more worrisome picture. Some of those spikes are giving other governors besides those in texas some paws where we go from here. Where do we go. Financial center banks, and the rest, ease up on the volcker rules, how much cash they keep on hand. It gets a little a gobbledygook. It doesnt have to have a lot of money sitting around. That could reflect on the group as a whole. Were following that as well as Jackie Deangelis monitoring all of this in new york. Jackie. Reporter neil, we started in negative territory and now positive. So this market is very tentative right now. You bring up the situation in texas only compounding fears of the coronavirus and spike in cases across the country in other states as well. People sitting back, it is part of phase one, were testing more and still working through the system or is it because states are reopening, people are congregating not taking proper precautions. We dont really know the answer but th
Cnbc im becky quick with joe kernen and Andrew Ross Sorkin the market has come under significant pressure this morning. And the nasdaq off by 143. Its all coming this morning a rough week for wall street 5. 5 that was the worst week since march 20th and all three are coming off of their biggest weekly losses and last month after last week. The dow and nasdaq for the month of june would be down with the projected losses that were looking at this morning. S p is already down for the month of june. Also keeping track of the treasury market this morning lets take a look at that. Treasury yields yielding 0. 08 crude oil prices under pressure this morning too this is a sign of how much is anticipated in terms of a come back not only here in the United States but around the globe and right now wti down about 55 cents. Still trading 35 though at 35. 71 andrew. Thank you, becky. I hope everybody had a great weekend despite some of these losses that were looking at in the market i want to start
Suitors Prime Minister resigns after months of speculation and left high and dry by the corona virus pandemic the filipino maritime workers who are now face down outsource and future. For joining us there will be an independent inquiry into the International Response of the corona Virus Outbreak the investigation will include an examination of the World Health Organizations role the 194. 00 w. H. O. Member states unanimously passed the European Union resolution that would allow for what they called a comprehensive evaluation of the Global Reaction w. H. O. Director general dr ted. Welcome to the resolution are only. Debited job remains fully committed to trying to spot and see accountability and continues improvement we want accountability. Anyone. While the resolution follows a sharp criticism of the w. H. O. By u. S. President donald trump he says missteps by the organization came at an extreme cost basically they have to clean up their act they have to do a better job they have to b