737 max reportedly set to return to the skies it is monday, june 29th, this is Worldwide Exchange right here on cnbc well, good monday morning, good afternoon, or good evening. Welcome from where ever in the world you may be watching us thanks for starting on cnbc. Lets get to the money on your markets and futures. Theyre upcoming off a fridays hair cut dow futures implied up 135 points the dow falling more than 700 points on friday dow and s p 500 look on track to snap two month win streaks although we could turn it around tech also taking a beating on friday but its still been a great run so far this quarter. The big 5 fang stocks up an average of 29 since april 1st all of this ahead of a shortened trading week the markets are closed on friday for an early start to the july 4th holiday. Hard to believe that were already approaching july 4th anyway, treasury secretary and fed chair jay powell are set to testify on capitol hill tomorrow with the minutes of the latest Federal Reserve me
487. In part because of a big move in the dow in boeing as it gets ready to test that 737 max for recertification. The s p and nasdaq is higher but by lesser percentage gains theres 10 million global cases of coronavirus half a million deaths. The daily case count here in the u. S. Hitting a record high over the weekend. Well have more on that. Facebook, a big laggard today. Down 10 in the past week as big advertisers, its up today as big advertisers pull millions of dollars from the social media platform power hundred lunch starts righw thanks the the dow and s p jumping back into positive territory for june and on track for the third month in a row of gains now. Lets head to dom for more on these markets. We need a few more hundred points to get back what we did lose on trading. Dow industrials 25,505 is right know hovering near the highs of the day the s p 500 a relative laggard thats whats driving the dow today. Check out whats happening large caps versus small cap stocks we talked
Beethoven is for every one. Beethoven 2020. 5th anniversary here on d w. The export powerhouse of germany comes tumbling down a full of historic proportions so thanks to what fires business worries about a recovering at lists heart the worst is behind us. Testing out the virus tourism the Spanish Islands of be your guide to be so open early in full hordes of holiday hungry germans and france folks out state aid to save its Aviation Industry for the money doesnt come for free will have to go green. Because will it lets do business german trade hasnt seen such an abysmal month since records began in april exports crashed by over 30 percent year on year thats at a shockwave through europes biggest economy every 4th job in germany is linked to exports. Traffic here at the port of hamburg ground to a halt at the height of the corona Virus Outbreak coronavirus lockdowns and a looming global recession dealt a historic blow to the german exports whose goods flow out of here. Aprils double digi
6000000000 shares traded on the nasdaq all of which have been higher than any day in history to put that in perspective from 2009 until 2020 there wasnt even a one day with 5000000000 shares theres no connection between the economy and the stock market now thats not abnormal theres usually a lag between the 2 main street can collapse and then stock market can start moving up based on anticipation of main street or the economy picking up and sometimes the stock market will go down before the economy does because it has this tendency to be a quote discounting mechanism but what were seeing here is not a discounting of prices based on some fundamental analysis of the economy what were seeing is an utter divorce an utter split from the real economy and the financial ised funny money fed driven casino that is now taken over the globe this is causing 2 things the overlord class are becoming fabulously wealthy and the peasants are revolting weve got a good old passive peasant revolt down amer
Was nasdaq and s p 500 down almost 3 . Add boycott slit sit Major Companies pulling out of advertising dollars from social media giant is costing Company Millions anding to surngd pressure and down two and a a quarter percent right now. Boeing takes flight test of the 737 max begin this is week. The stock is up on the news this morning premarket up close to 3 and Federal Reserve Shopping List essential bank releasing name of companies that it is purchasing Corporate Bonds from. Including automakers, telecommunication companies, even beverage cocacola, plus china take more steps to plan down on hong kong frms and beijing says it will impose visa restriction on americans with what they call egregious conducts on Hong Kong Related issues. Mornings with maria is live right now. Global markets look like this european indices highser with the up a third of the percent and paris up about 16 points also a third of the and dax is higher than 34 points twothirds of one percent. In asia across th