The markets are focusing on what jay powell said yesterday. The market is also focusing on what we are seeing across the globe. The number of infections being weighed compared to the extra Monetary Policy being put out there. Investors weighing better economic figures against the continued increase in virus cases. In other news, metals advance with copper climbing for the fourth day. Manufacturing and services in china. That adds to a bit of optimism. Lets get straight to the bloomberg first word news with leighann gerrans. China has approved Landmark National security legislation for hong kong at the end of a threeday meeting in beijing for the nations top legislative body. Representativee confirmed the vote. The u. S. Said it is suspending hong kongs special status, making it harder to export sensitive American Technology to the city. German chancellor Angela Merkel is throwing her support behind a radical Recovery Plan for europe. Packages include 750 billion euros of joint debt. Wh
Slumping good news, live sports making come backs nba laying out a plan and indy car. Well speak with the man in charge on this friday, june 5, this is Worldwide Exchange here on cnbc good friday morning. Cheers welcome from wherever you may be watching thank you for ending your week here despite all going on in america and around the world, investors continue to put their money into our stock market it has been an incredible week futures are soaring right now. Dow futures are up 327 nasdaq 100 hitting a new alltime record high looks to make another one today. Small caps, if you have not paid attention are up nearly 8 we have one trading day to go today. Lets talk more about this all ahead of what your next guest calls a sobering reality for investors. That being the may report. Expecting another 8 million plus job losses and to hit near 20 . Bringing in lindsay bell, chief Investment Officer and newly minted cnbc contributor. First off, lindsay bell. Glad to have you in the cnbc famil
This market . I mean, look, i will tell you in a month you know all we know is that the market was relatively high based on relative optimism and the optimism has been punctured. Is it terminal who knows. A mean a few weeks ago the market had a bad day on coronavirus. A monday ago it had a bad day on iran will it be long term or short . Nobody knows. People sort of throw around terms like black swan event and waiting for those types of thing to really cause a dramatic market selloff does it feel to you in your gut through all the markets you have seen that this is the kind of thing that could evolve into that as long as you use the word could. It has the potential to be that kind of thing, a catalyst. But you know, will the you know, its its on fear now you know a week ago, people were talking about containment. Now they are talking about contention now they are talking about italy, and you know, moving beyond china so i think that, you know, in one of my memos bryn knows all the memos
Lebanon sinking economy after a deal to form a new government unraveled. Democratic Party Leaders in the u. S. House of representatives how announced have announced impeachment charges against donald trump and makes him only the 4th president to face a formal effort to be removed from office and response trump repeated his assertion that hes the victim of a witch hunt castro reports from washington d. C. Standing before a portrait of one of the nations Founding Fathers George Washington House Democratic leaders made a historic announcement today in service to our duty to the constitution and to our country. The House Committee on the judiciary is introducing 2 articles of impeachment charging the president of the United States donald j. Drum with committing high crimes and misdemeanors the 1st article is abuse of power for withholding security aid and a white house visit with ukraines leader in exchange for political investigations that would benefit trumps reelection the 2nd obstructi
Peace prize but shares the credit with his eritrean counterpart. Donald trump labeled impeachment charges against him as weak and the u. S. President s been accused of betraying his country the charges leveled by Democratic Party leaders for abuse of power and obstruction of Congress Castro reports from washington d. C. Standing before a portrait of one of the nations Founding Fathers George Washington House Democratic leaders made a historic announcement today in service to our duty to the constitution and to our country. The House Committee on the judiciary is introducing 2 articles of impeachment charging the president of the United States donald j. Drum with committing high crimes and misdemeanors the 1st article is abuse of power for withholding security aid and a white house visit with ukraines leader in exchange for political investigations that would benefit trumps reelection the 2nd obstruction of congress for refusing to cooperate with impeachment investigators the evidence i