Be worrisome. Arestors seems that they looking to a lot this great Second Quarter in, david. David the consumer board came out with good numbers on positive consumer confidence. We are going to get fedex after the bell today. What are we looking for . Abigail relative to the earnings, micron put up a Strong Quarter and boosted the outlook carrying the outlook boosted the outlook. That wasto the quarter a stunning quarter, i wonder break it down. 18 this quarter. The best quarter since 1998. Treasuries after a huge quarter in the First Quarter relatively flat, but where we saw huge gains, investment credit, highyield credit, this of course on that fed support buying outright Corporate Bonds and those etfs. Gold having a strong day. Not just today but it was the quarter up 14 . The best quarter since 2009, so it will be interesting to see if this will continue into july, whether the Third Quarter can be a strong as the Second Quarter. Probably unlikely, but right now, there is an optimis
Global markets are slipping as concerns grow over a possible 2nd wave of coven 1000. 00 will beijing reported a cluster of new cases after nearly 2 months without new infections will chinas capital reinstated some restrictions including security checkpoints while both schools and sports venues also close after an outbreak tied to a huge market well this comes as south korea also continues to see a rise in new cases especially since the government has not enforced stricter social distancing guidelines. From the area in the virus is spreading particularly through. Senior citizen youre making your best efforts in training that people who have had contact with confirmed virus to know that we are still going to be heading up i dont read. Those are. The words or utilizing. The macedonian in the metropolitan area of. India also saw a jump in new cases in recent days this is despite the extended lockdown the country has the 4th highest number of cases in the world with more than 332000 the cit
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
The dow is down now 1040 points now live from ep rate locations, youre looking at the worst day for the s p since may 1st. For the dow, it is since april 1st, and you really have to go down about 1200 points to go further than that. Were watching a number of different dynamics at play one is just the reality check that we got from the fed and jay powell, it is the recovery, the covid spike that sarah was juk talking about, and the success in various pockets apple is down, but it is still up more than 7. 5 for the week microsoft is similarly down almost 2 today, but up 5 for the week sam z amazon, google is just up 1. 3 for the week and down today, but you cant just look at one day up or down so we have been up so much, morgan, one wonders how much of a reaction in the market this is going to be. We have been hearing for days and weeks now the idea that the rapid run, off of the lows, for major averages from that march 23rd low that were looking overboulgt or even like they were getting