Businesses are failing, tourism has collapsed and confidence is shot. Beijing is expected to confirm the new security laws for hong kong later on tuesday after imposing visa bans on americans it says are interfering. Shery lets get you started with a quick check of the markets. We are seeing u. S. Futures flat at the open. We had a rally in the regular session with u. S. Stocks surging. The s p 500 erasing its june declines. All 11 sectors in the s p 500 closed higher, being led by industrial, communication stocks. We had some positive Economic Data. Pending home sales posting a record game, offsetting concerns of the virus resurgence over some states in the u. S. Including florida and new jersey. We have the dollar also closing around the four week high. Take a look at what would liz doing. Under a little bit of pressure but still above 39 a barrel. Oil rebounding from the weekly loss as we got better than expected Economic Data. We are still seeing a bit of a bearish picture in the o
Polo local. Police i. Is it time to face the music big name corporations pull their advertising from the likes of Facebook Starbucks and others dont want to be connected to racist posts that have been doing the rounds on social media platforms. As prank of passengers a growing virus test which need links to a ticket in a bid to say you going into quarantine and your final destination. And present talks between britain and brussels are about to get quite fishing. Lets do business starbucks says it will pause in social media around the time being over concerns about hate speech on the platforms you now spend comes as an advertiser a boycott of facebook picks up steam with civil rights organizations pressuring the platform to cut offensive and misleading posts chasing facebook have been under pressure after a number of Companies Including added us unilever and cocacola announced they would stop advertising on the platform. Only unschooled is following this story for us is in new york how
Hitting an alltime high yesterday continues the momentum up another 37 points on futures this morning on nasdaq. Meanwhile investigating the origins of the russia probe as you could see the nasdaq is alltime high yesterday and general attorney general bill barr saying hes trouble of what has been called to his attention so far. We are waiting on criminal investigation by john durham and added that americans will be able to recognize some of the names under investigation as part of ongoing probe, we will have more on what the attorney general said today. The coronavirus pandemic, more businesses across america are opening but dr. Fauci is warning the nightmare is far from over. The World Health Organization is now walking back the claims that asymptomatic transmission is rare. Mornings with maria begins right now. European markets mixed, ftse 100 down 26 points, cac quarante down 21 rand dax germany lower. Bars, restaurants, hair dressers will remain close in july 1st in euro zone. In a
This the italian city that bore the brunt of the pandemic when it 1st hit your prepares to honor the victims of always holding what it calls a requiem concert to remember the citys sit. On exposer welcome to the program polish voters are casting ballots in a tight president ial race the incumbent and j. Due to is backed by the right wing populist government hes up against a field of candidates but his main challenger is the liberal mayor of warsaw due to has been campaigning on a conservative social agenda with attacks on the l g b t community as a central thing. In southern poland is one of many small towns that president is visiting during his Election Campaign. Family tradition religion those are the issues and values he hopes will win over voters in this speech he warns that what he calls l g b t ideology will undermine the traditional family and above all twist childrens morals are surprised my parents generation fought for 40 years to remove communist ideology from the Education
Faster Consumer Recovery and it is monday, june 1st youre watching Worldwide Exchange right here on cnbc good morning, good afternoon, good evening, welcome from wherever in the world you may be watching us i am Brian Sullivan. Thank you for joining us on an important day on cnbc. We begin our coverage this monday, as we always do, focusing on markets, economies and global business. That is our business here on cnbc and this morning, in a new month, we find those things are at the crossroads of four very important events number one, the planned reopening of the American Economy and whether that is now at risk. Two, both peaceful protests and riots in nearly every major city in the country three, rising tension between the United States and china. And, four, 40 million americans currently out of a job and hoping for a recovery that puts them back to work. Throughout this hour and the entire business day, you will hear commentary and analysis from investors, money managers, executives an