California and new york become the latest states to backtrack on plans to return to normal as daily virus cases in the u. S. Top 50,000 for the first time. Optimism takes hold of markets again. Asian equities and futures gain after positive vaccine developments and strong u. S. Manufacturing data. The u. K. Offers a home to hong kong citizens after chinas crackdown on prodemocracy protesters. The u. S. House of representatives passes of fresh sanctions bill against china. We are under an hour away from the start of cash equity trading in europe. Lets take a look at futures right now. We see gains across the board after the drops in the cash trade we saw yesterday. A mixed picture in the u. S. But the futures up two thirds of 1 . Dax futures gaining 8 10 of 1 . U. S. Futures are little changed right now. You will see a screen full of green arrows as they are mostly marginally, with the exception of nasdaq futures. It looks like a risk on thursday. What do you see on the dmm . Anna weve
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June. There are segments of this economy that were very strong before the pandemic and they are resuming their strength. There are other ones that are just plain baffling. I think we are all surprised that retail is doing better, but then we remember target, walmart, costco, these places added people and then the incredible one, the only sector that really seems to be being heard is the one that has the social distancing problem which is restaurants it seems the travel and hospitality people are gearing up and i think that these numbers do reflect the reopening of some states that are now troubled, but i dont want to put a negative gloss on this these are just very strong numbers and we are not where we thought we were or we would be, say, eight weeks ago we had a Strong Economy before, were seeing the strength again. So is this kind of number an Apple Closing Stores number or is this a disney still on track to open in july number well, i think these are numbers where we really felt th
Continues to rise significantly in terms of the virus and we talked a lot and well hear from meg again and meg has been following it so closely for us and the market only seems to go up as the cases go up. That is leaving some people scratching their heads and others view it as were going to get to the other side and a view of what the economy will look like and then you come back to the fed, carl, which seems to be the fuel that everybody sort of points to as the key fuel, i should say, for this market. Yeah. Morgan, lots of notes over the long weekend and we hope everybody did have a great, long weekend. More debt and liquidity and asset reflation. That was literally the title of the jpmorgan note on friday. Yeah, for all those folks that were basically still stuck at home or not traveling and getting on airplanes, lots to digest in terms of market commentary over the weekend. I would add to the fed, i would add the expectations that do seem to be baked in around what phase four fisc
Aid package in congress. The House Financial Services meeting is just over two hours. The i plan to continue the hearing if votes are called. Both of you have agreed to be here for two hours from the start of the hearing, and i thank you. The chair is authorized to declare recess of the committee anytime. The members and arresting those witnesses to the First Full Committee Hearing conducted by the committee on financial services. As the congress breaks new ground with these hearings, i want to remind members of the two matters including some required by the regulations accompanying the House Resolution 965 which established the framework for remote and hybrid committee proceedings. First i would ask all members to keep themselves muted when they are not being recognized. Members on the platform owner responsible for meeting and amusing themselves. The staff has been instructed not to mute members. Members on the platform are reminded they may attend one hearing at a times if they were