Joe biden will unveil his economic plan and that looks awful like America First. That and so much more on making money. Charles stocks sinking after the Supreme Court rejects President Trumps bid to block a subpoena for his financial records and i think it is indictment by manhattan d. A. And wall street sensing their inability to keep the information secret. Perhaps, it wont be a oneday event. This whole market, this whole year has been a dickens tale of two cities. Instead it has been two stock markets, two equity at this indices. One weighed by the old economic names and Old Technology as well. The other one sprinting ahead on new economic names. These companies will form how we live and work in the future. General anxiety continues to hover over the market. Most involving the next round of stimulus. As we learned something in the last two sessions. Maybe the markets prefers stronger economy over more fed stimulus. Think about this, with an hour left to trade on tuesday, one of the
Because of it. And the retail divide continues. Walgreens and Bed Bath Beyond getting crushed today following weak sales updates and the staples names like walmart and costco are higher. The s p 500, were 59 minutes left of trade. Its not there the nasdaq is up 0. 6 . The s p 500 is a little bit lower. Just a few moments, well speak with alpha one capital dan niles about the market selloff why tech in particular has been outperforming and what to do now. Plus, former treasury secretary jack lew will be with us to weigh in on joe bidens economic plan and work from home winner service now, it is up 50 on the year Just Announced a new partnership with zoom. Bill mcdermott will be live to discuss. Another very strong day for the cloud names. Lets get straight toour big story of the day the market selloff mike santoli is tracking the action all day long which does appear a bit better in terms of the losses, mike yeah. This was a day when we sold the rip in the morning and then bought the di
Return especially in texas is a factor. Now look at this. Five stocks at or near record levels. Apple, microsoft, google, facebook. What you are looking at is premarket prices. I see apple and amazon up again. Not much of a selloff in the other three. Facebo facebook, google and microsoft, after yesterdays stellar performance. Put together, these five make up 22 of the s p 500. Now, that is dominance. The news from the street this morning. It is not good. In atlanta, armed men took over a small area and refused to let the police in. In wisconsin, a state senator beaten when he took a photo of demonstrators. In our Nations Capital, the flag burned by a cheering mob. Varney company is about to begin. Stuart a political bombshell is unfolding. Longtime democrat congressman of new york, elliot engel, is fighting for his political life. The 16term incumbent is trailing by double digits against a progressive. He received the full support of congresswoman alexandria ocasiocortez. Engel was su
Family members argue thats not the case and since most of the country reopened just a couple of weeks ago more than 20 states are now reporting an increase in corona virus and. Today marks the 21st consecutive day of nationwide protests following the death of george floyd over in minneapolis minnesota but now a Deadly Police shooting involving a black man in atlanta is triggering more demonstrations and moments ago the mayor of atlanta addressed this latest shooting all of this as new congressional legislation is being introduced to address Police Tactics across this country are to project is just ahead of the white house with more on these latest developments fair. Woman as you know ive been covering these protests since the beginning we are on day 211 of the biggest changes that were seeing here is remember those big 10 foot barricades up those fences well those fences are. An hour down and you can see behind me open to the public is Lafayette Park where 2 weeks ago President Donald
Cap. And flight path trouble. And amazon Banning Police use of facial recognition technology. It is a very busy thursday june 11 this is Worldwide Exchange here on cnbc good morning. I am brian sullivan. Thank you for joining us on a very busy thursday and one that could be a tough day for investors. On the screen,down 635 points right now. Some thinking the reopen rally may have been overdone and health data up in texas. Texas is siege about 2 to 3 daily growth in cases. Not that outline in the last couple of weeks but a slight up tick there and other states like arizona. That has got people on edge. Yield has been falling reversing a recent trend bonds will be sensitive. The fed yielding 6. 69 well call it oil prices like stock futures are down this morning. Not only any kind of growth concerns but youve got inventories growing. If virus cases do start to spike, we could see gasoline as many retreat rates will state low for years bank and financial stocks taking it on the chin wednes