Of the markets. We will break it down with tiffany mcgee. Plus an exclusive interview with the ceo of halliburton, jeff miller. With oil prices around 40. Guy lets talk about the data. The data was grim. Worse than anticipated. As gdp data was bad but not bad as anticipated. The real story for me today is the claims number. Higher and looking fairly sticky. Now. Mckee joining us point out the highlights. Ofwe basically had two sets numbers. One that told us where we were and one that told us we may be going back there again. When you look at the gdp numbers, the number the u. S. Uses is 32. 9 . The entire last for year, we would be down 2. 9 . 32. 9 . 10 quarter over quarter. That compares with germanys 10. 1 , the u. S. Is 1 10 of a percent better. It shows the u. S. Global economy is in a lot of trouble. Where did it go wrong . Personal consumption was down 34. 6 percent. This was an annualized number. ,usiness investment nonresidential, down 27 . In all across the board terms of gdp
Brexit immigration visa. The Washington Redskins confirm they will change important to wear a Face Covering if youre going to be in a confined their name and logo after being criticsed for a racist slur. Space and you want to protect other back in the game Manchester City overturn their two people and to receive protection in year ban on taking part turn. More new infections in european football. Than most countries florida reports, a record high of coronavirus cases. The uk government publishes their post brexit immigration visa but most care home workers are excluded the Washington Redskins hello and welcome to bbc news. Confirm they will change their name and logo the british Prime Minister after being criticsed says, Face Coverings should be worn for a racist slur. In shops to help prevent well talk to one the spread of coronavirus. Of the campaigners. Hes confirmed, the Government Back in the game will decide in next few Manchester City overturn their two days whether to make it y
Local drycleaner. How that industry is trying to get back on its feet it is wednesday, june 24 this is Worldwide Exchange here on cnbc good morning and welcome wherever in the world you may be watching here is how the markets and stock futures are setting up they are downright now about 186 points remember, futures at this hour can move around rapidly. Well keep checking in the question of the morning or month, quarter or year is whether stocks can continue their remarkable run the nasdaq their eighth session low. The dow up 19 up 31 on the nasdaq 100 just this quarter continuing to focus on technology and the runup to increased investor concentration to fewer and fewer names stocks like amazon, microsoft, google, facebook counting for 22 of the s p 500 total market cap that is the biggest, smallest slice in the history of the markets. The fewest Companies Account for the greatest weight in the history of the modern American Market four of those names are trading once again at alltime
Singapore and malaysia as well. The Peter Navarro episode, if it is any indication how sensitive markets are to the slightest hint of bad news, that tells you the story of volatility in store for markets in the second half of the year. A quick check on the risk radar. Aussie yen coming off a little bit, that tells you where we are in terms of Risk Appetite. We were closing in on 79 a few weeks ago. Brent crude, some upside. Lets get you up to speed with other top stories we are watching. It lawmakers in washington have approved a bill to penalize banks doing business with china over beijings National Security legislation for hong kong. The bipartisan measure in the senate has support in the house of representatives and needs to pass before reaching president trump. It condemns china for breaking obligations under the deal that return hong kong to mainland rule. The coronavirus has hit local trade hard with lockdowns increasing by 12 . The hike of that pandemic in april, new research th
Efforts to end racial injustice. The Lawyers Committee for civil rights under law. Were one of the nations leading National Civil Rights Organization founded in june of 1963. For the past 56 years for help protect the and other vulnerable communities across the country. What are your thoughts of what happened in atlanta at the shooting at the wendys restaurant. Another tragedy. This is a moment you would expect Law Enforcement would be on their best behavior in the wake of the tragedy of the killing of george floyd and Breonna Taylor and with the marches and protests happens across the country, its fair to say that Law Enforcement is under a microscope. You truly would expect the very best when it comes to how theyre engaging with communities, with africanamericans. This is most unfortunate, a most unfortunate and avoidable tragedy. What we understand is that this man was in his car, may have been asleep at the wheel. Isnt clear whether we would have been to deply Law Enforcement. Ther