Components reporting this week including pfizer, mcdonalds, boeing, apple, exxon mobile and we also hear from facebook, google parent alphabet, we look ahead at what to expect. Turning into the market, futures pointing to higher open to kick off this week, 121 point gain on dow futures as gold shines hitting all time high closing at 2,000 an ounce as concerns debt, what about National Debt . Mornings with maria is live right now. Checking on Global Market action, in Europe Markets are mixed, slight losses in england and france at the moment. Blow to Tourism Industry. Uk putting spain in quarantine list due to coronavirus cases and other countries could follow. Markets mixed there. Hang seng and nikkei lower, china reporting june industrial profit surged 11 and a half percent. Keep in mind the numbers are put out did the communist party. Cheryl casone has more in your headlines, cheryl. Cheryl good morning. 1 trilliondollar package from republicans, more stimulus check, 1,200 with direc
And Exchange Commission chairman jay clayton regarding the work and agenda of the s. E. C. I thank you for your willingness to appear before the committee today, mr. Clayton, your willingness to testify is essential to our oversight much the s. E. C. The mission of the s. E. C. Is to protect investors, maintain fair, orderly and sufficient markets and facilitate capital formation. It plays a Critical Role in ensuring our nation has Capital Markets that the public can have confidence and trust in. It provides information to investors so as americans prepare for their futures, they may not only have a wide variety of financial opportunities, but they also have the information necessary to make informed investment decisions. Chairman clay torngs you came before this committee a year ago and assured us you would continue to take steps to ensure that the u. S. Capital markets remain the deepest, moshgt dynamic and liquid in the world. I commend you and the s. E. C. Staff for actions taken o
Conference calling to defend the freedom of the press. Those are the headlines this hour you can find more on these and many other stories. For now though its the cards report and if youre in the states you. Because youre this is the guys very poor we are going to maintain their San Francisco great event put on by a big going magazine but a great speaker of great talk about theyre going to fully embracing a new leg of its bull market very exciting action susie yes well you know were in our whole Summer Solutions beginning of that happening were in summer were into la its all like happening and we have this remarkable tweet here and its from another big player because you know this big move that weve seen a big client and its still very volatile and you know you do your own research of course when whenever buying restacking sats as they call it and never invest more than you can afford to lose but here is the latest movement in big. What is quite apparent and has been discussed at this
Family Office Accounts Corporate Accounts various manage money accounts is over 100 trillion just sitting there looking for something to preserve wealth and that something will be increasingly big coin well says. Everyone agree with out. There on there im getting the standing ovation now wherever i go people throw flowers. And they think me profusely now but still i question is looking out is that trust let me share. Mine because gold has always been a safe haven during times where nations are de globalized and where they dont trust each other and that is when people turn to gold and now people are bigger institutions and nations might be turning to big coin but on the individual level where there retell hers. And operates one thing you see over and over and you saw that with you see it with Elizabeth Warren and what they do is they mention that its a rigged system. And gold are ways to escape that rigging the manipulation and system rigged towards a particular participant in that syst
A segment with invesco chief Global Market strategist Christina Hooper is the ultimate safe haven trade she says that might not be too far fetched well certainly there are a lot of safe haven trades and ive heard some strategists argue in fact that bitcoin is a safe haven trade or perhaps an indicator that were very close. I think that might be a sign of fears about recession but but certainly it makes sense in this environment that we see investors looking for safe havens but i do think its a mistake with the fed signaling its willingness to be a lot more dovish right well the main idea of decline is safe haven 1st talked about on this show few years ago as being the ultimate safe haven better than gold to be a safe haven and that a lot of money moving into big going was the result of safe haven funds risk off money when the risk in stocks of bonds gets too high theres a risk. Off feeling in the markets and institutional money starts looking for safe havens becomes a safe haven this t