And others might have and so thats the next point is that companies who buy back their own stock and the executives around these Companies Say remember if you have options on your stock and the stock and you know guaranteed theres no risk the stocks go higher the options can go from a dollar to one 100. 00 or 300. 00 so an executive can make 5100200000000. 00 us what we have so many billionaires in america is by playing this game of guaranteed upside by money printing and owning the options on your own stock and so if you strip out those numbers you would have markets that are a lot lower youd have a lot more parity between classes in america you would have the wealth and income gap you wouldnt have the social unrest and you wouldnt have a lot of these other problems so its very stark very plain to see for those who want to say hey were going to show you some charts to show you visibly how big it is. In terms of kind of a lean duck president coming and biden whos you know very very old
Governor andrew cuomo ultimately calls the shots. Looks like that could be pushed back. Governor cuomo speaking to the press, noted a lost spikes in cases happen particularly in states that opened up Indoor Dining too soon. No way to verify that. The fact he wants to be cautious about that at same time he is ripping federal government response on all of this, is obviously going to get a response from president of the United States either with a tweet or something, later on. He has full throttle criticizes the federal government minimizing the entire coronavirus situation. Others middle east disagree with that. We should also say that is the latest period on june 28th. Eight deaths reported in new york state. We should emphasize that is record low number and is down substantially from the 800 daily highs we were seeing in march and april, it is still a stubborn trend that remains as do hospitalizations also going down here. The number of new cases is an issue that has come up again and
Higher by 35 after the s p snapped a fourday winning streak yesterday, the dow, nasdaq and s p 500 still on track for third week on gains this week, boosting the American Economy, the white house working on another round of stimulus reportedly to the tune of 1 trillion. We will talk about it. Meanwhile protestors taking to the streets for a tenth day in a row, mostly Peaceful Demonstrations happening from coast to coast as memorials are held for george floyd, clash of tech titans, elon musk is calling for the breakup of amazon. Meanwhile slack and amazon are joining forces to take on microsoft. Joining me at 8 50 eastern on powerful alliance. Getting make back to work, universal orlando opening gates to public and nba has plan to return july 31st. Mornings with maria begins right now. Global markets this morning with firmer tone, take a look at european indices right now, the cac quarante in paris is up 106, better than 2 and dax index in germany 213 points. European markets closing ou
Macys, looting as well. Tension across the city, no question about it. You opened correctly, which is this is not just about new york. It is not just about washington. It is about cities across the nation, the horrific events in buffalo and those tragic deaths in chicago as well. Jonathan for programs like this where we have to cover the markets, you have to stress to the size that this equity market just feels totally removed from the mood of this country right now. We talked about yesterday, and no doubt through this morning as well. Tom i am not going to mince words. Ive witnessed this before i was born with my grandparents. One set of grandparents completely removed from the depression, worried about the stock market. The other set of grandparents going, what are you, nuts . It is true futures are up. It is truly risk on. I would note brent crude get a near a 40 per barrel print. Jonathan a weaker dollar in the mix as well. Lisa, we heard from the president yesterday evening. A lot
Edition of squawk box, which is starting right now. Good morning, everybody. Welcome to squawk box on cnbc. Im becky quick along with joe kernen and Andrew Ross Sorkin. Weve been watching with the u. S. Equity market and things are under pressure dow was down by 600 points on friday and adding to those losses today dow futures right now down by 273 points earlier this morning we were down by 350, so this is some improvement from a half an hour ago. The s p is down by 28 points the nasdaq off by 61 lets get rightto our big stor of the morning that is, of course, the Berkshire Hathaway meeting that was health over the weekend. Warren buffett speaking out about the Global Pandemic and his recent investment moves. This was a little different this year no crowds. Usually theres 40,000 people there. This time it was just buffett and Berkshire Hathaway Vice President on stable but his message was still received loud and clear. Buffett made the case that you should never bet against america, b