Coming up, in a few moments, Global Investor mark mobius will join us. Chinese equities see a big week of gains they slipped a bit this morning. Shares of carnival jumping after they gave an update on the state of its business. Well speak with the Ceo Arnold Donald in a cnbc exclusive and Major League Season starting the season in florida. Well speak with the leagues commissioner about the risks and reward of taking to the field. We look forward to all that. Sara, up 0. 7 on the s p 500 lets start right there with the markets. The we have seen a big swing intraday futures starting off in the red. Hopeful signals then coming from gilead about the coronavirus treatment. Helping turn things around early. The company saying it was associated with an improvement in clinical recovery and 62 reduction in the risk of mortality compared with the standard care. Lets get to mike santoli tracking the moves in the names and sectors today. Yeah. Sturdy Performance Today solid week you would have tho
Get started here this morning. Look, i think that we are actually experiencing something that we havent lately which is that the analysts are almost entirely positive, and yet there is an underlying current both from the unemployment claims, which they are never going to be good until we get a vaccine. And also a general on wee that we dont have it under control, there i am talking about covid19 so why own anything . I think that thats an incorrect view there were many many piece this is morning that talk about what i can only say i am going to borrow a term from larry kudlow, green shoouts. There is much thats good in the economy. It is just not where we thought it was going to be, david. It is not all encompassing, but there are some areas that are very strong. All right so go over those and explain to me why they are not what we thought they would be. I think we thought travel and leisure would come back. That cruiseships would come back, that there would be Corporate Travel only on
Could be a fullcourt press at least on the administrations part working through the coronavirus folks saying look, the worst of this could be behind us. That is one of the reasons why the president has been stipulating, he thinks all kids in this country should go back to school in the fall. That has earned him the wrath of Governor Andrew Cuomo who is also addressing reporters right now saying what about the kids, are you thinking of the welfare of the kids . The back and forth goes on and on. Speaking of governor cuomo, sometimes around august 1st, august 7th, he will have a financial decision on status of schools, whether they reopen in the empire state or do it on a tiered basis. Some do, some dont. Could add likely to parents confusion to all of this. Edward lawrence is monitoring all of these developments. Edward, what do you have right now . Reporter neil, the Coronavirus Task force is still briefing at this hour. In fact right now. What the vice has come out and said he is enco
Free cspan radio apps. A conversation with Donald Trumps former National Security adviser hr mcmaster and bridgewater ceo David Mccormick, talked about the us economy and National Security hosted by the hoover institute. Welcome to the inaugural episode of statecraft innovation and leadership and we are fortunate to have with us David Mccormick, ceo of Bridgewater Associates responsible for overseeing strategy, governance and operation. David joined bridgewater in 2009, previously served as president and coceo of the forthcoming ceo this year, before joining bridgewater david with u. S. Treasury undersecretary for International Affairs in the george w. Bush administration during the Global Financial crisis and prior to that served a senior post on the National Security council and the department of commerce. From 19992005, david was the Technology Entrepreneur serving as ceo and president of publicly traded software companies, free markets inc. And prior to that was a consultant at mck
Business partners to speak of the future that they see in entertainment and education, which is front and center for mr. James. But also his future in basketball. This is a lengthy article. You will see a special tomorrow on Bloomberg Businessweek. We will have highlights for you all through the morning. Lebron james is something very different. For our International Audience, basketball is a shockingly simple game. Five players aside, there is a circle at the end 10 feet off the ground with netting, real simple, you put the ball in the basket and you go home. No one has done it like lebron james. I want to make clear, the shock of lebron james is that he is only 69. There are many other bigger, taller people in the sport, but no one has executed in the game like mr. James. He is called a power forward, and that is a big deal for a little guy at 69. Here is lebron james on his new entertainment venture, springhill. Lebron it stems from my upbringing, from akron. For us, when we talk ab