Flocked to their favorite site says coronavirus restrictions on movement and social interactions. People are fed up with months of being inside can they keep their distance. Im Rebecca Ritters welcome to the program fiery protests continue in the United States as demonstrators range over the death of an on black and in Police Custody curfews are in force right now in several cities including los angeles philadelphia and atlanta as more states called in the National Guard Police Deployed tear gas and rubber bullets to contain the escalating unrest. The wave of fine guess sweeping the United States reach the. Its of the white house for a 2nd night protesters in washington d. C. Called for an end to Police Violence against minorities in noisy demonstrations i was. An uneasy calm in minneapolis the city where george floyd died after being pinned to the ground by a white Police Officer since his death the city has seen 5 Straight Days of protest and its reeling from almost as many nights of
Good morning im becky quick along with joe kernen and ars there are some red arrows. You have to look at what has been happening over the last week joe mentioned it is up 3. 5 this week alone watch what has happened. The crazy whip saw market picking up again walking you through the dow. Thank for peter for helping me out with this. The record high 25,551 on november 12. Falling to the low on march 23, 18,591 yesterday, june 3, the dow up 41 back to 26,269 the same story with the s p. Looking at that, you will see it hit a record high 3,386 on february 19. Fell on march 23 to 2,237. Yesterday back to 3,122. It just shows you how rapidly these things have happened and how much ground has been made if you are looking at the nasdaq. Only up 1. 4 from the record close from february 20 treasury yields have picked up the 10year yielding 0. 746 . Crude oil prices are down this morning. Concerns that that opec plus meeting. That there will not be any cuts extended a lot of that comes as you ar
Small caps. Day fromw up 7 on the the march lows. Energy is now up. It is incredible, the risk rally. David unfortunately, we do ask you to repay your credit card. Is there any hesitation in the bond market because we are ready to go out with Something Like 3 trillion this quarter. Abigail the issuance is incredible, wondering whether or not there will be the demand. We do have a pullback for bonds, but nothing along the lines of what would be stunning to the market. One expert to join us for a bloomberg segment, saying from a technical standpoint it does look like bonds are set to drop. Whether or not that comes on a risk on mode where investors do not want bonds, or if there is something scarier where there is not demand remains to be seen. At some point we will have to pay for this, but right now jay powell is saying dont worry. Lets get out of the crisis. Investors are listening. David thank you so much for that report. That is Abigail Doolittle reporting. One of the things that ma
It may not rhyme but its more compelling than sell in may and go away. It was something i heard many years ago and then it turned out to be a terrific summer rally, because of a rhyme sell in may and go away is suboptimal advice, but this may it just so happens the markets run too much versus if fundamentals the dow plunged 622 and the s p losing 8. 2 . And the nasdaq knowsdiving 3. 20 off the rails. Now, after a week that ended in a bombshell after President Trump talked about the possibility of retaliating against china for not doing enough to stop the coronavirus, i dont love the timing here but if theres one thing weve learned, you need to take the president seriously when he threatens to take action against china, because hes done whatever he says and thats bad news for the stock market let me put it this way in 2018 and 2019 we went after the peoples republic with both barrels. We were in a position of strength strong gdp growth and incredible job market 30 Million People have lo
Im jamie colby. And today, im in tulsa, oklahoma. Im here to meet the son of a remarkably successful businessman and epic hoarder. File this under 80 years of grit and true metal and 40 acres of scrap metal. My name is john hemphill. In february 2016, my father passed away. He left me a Thriving Company thats a testament to his business acumen. He also left me a 3 millionpound headache that says a lot about my dad, too. I meet john in the lobby of hemphill corporation. And this was your dad. Yeah, this is dad. He started the business back in the 50s. And im running it now. Come on. Ill show you. As john drives me around the company, i come to understand the jekyll and hyde nature of his strange inheritance. These look like cell towers. Yeah, these are guide towers for wireless communication. And thats our Main Business now. But his dad built that business while indulging his industrialstrength urge for collecting. Big stuff iron, scrap metal, machinery. Things you cant squirrel away in