We will be talking about airlines. Will talking to alexandre de juniac, the director general later ron about whether or not american whether or not americans should be allowed to fly into the European Union . We will talk about the u. K. Quarantine as well, alix. Alix i probably have to pay more for cream cheese and gin. I cannot also going to london. That doesnt seem fair. [laughter] guy the world doesnt seem fair at the moment, but it is reciprocal. One was i last coming to you . Alix fine, whatever. Reciprocity when it comes to tariffs. Weighing on new tyrants. New tariffs. Michaeling at as mckee joins us to break things down. Michael you will have to probably pay more for gin and cheeses. It is hot in london today. What is happening, the u. S. Trade representative in the United States as the Trump Administration got permission withthe wto last october 7. 5 billion worth of tariffs, supporting airbus with illegal subsidies, including the u. K. , even though they are not on the e. U.
Outbreak. Fishermen rescue nearly 100 refugees now indonesia says it plans to push them back out to sea. Lets begin with some new developments in the global Aviation Industrys effort to survive during the coronavirus pandemic more than 40 Major Airlines have been forced to ground their entire fleet many have suspended over 90 percent of their flights strayers Largest Airline quantas has Just Announced 6000 job cuts so ordered a bid to lower those costs as it fights to stay in operation germanys love tanser the 2nd largest in europe has signed a deal to secure a 10000000000. 00 government rescue package but in the us where travel demand has picked up a little since april the number of people passing through airports is still down more than 92 percent compared to last year. So now dominic amy joins us from berlin so its all its all about looking very good for the Aviation Industry very guess relatively speaking left hand has been lucky right. Well if it is lucky then certainly from the t
Speaking out on social justice what amazon and facebook are doing this morning stay ahead of the conversation youre watching Worldwide Exchange right here on cnbc. Good afternoon, and welcome from where ever in the world you may be watching. Could be another very, busy week in the markets and otherwise the big question today really for the markets is whether this incredible rebound rally will roll on. Futures right now are showing that it might. A price like that its the first record closing high since february 12th really number one optimism that the American Economy will recover faster than expected with data point ceos and all coming back quick. And trillions of dollars around and finally the old t trade, there is no alternative as bonds lose their luster. And bonds in the last few questions absolutely dumped. Investors selling treasuries and buying equities and of course moves inverse to price rose 40 last week from bonds from yields this weeks fed meeting will also be huge if ther
With the dow gaining 6. 8 there has been some controversy about that too explain whats going on behind the numbers. In terms of how many jobs have been lost during the pandemic. Its fifth positive session. Its been up five sessions in a row. Its indicated higher and the 6th day of the week. That was up by 6. 8 . S p was up by 82 points. And then the nasdaq was up by 2 almost 200 points. The s p indicated up by 6. 5. And treasury yields and did see quite a bit of activity there too. The ten year yield picking up substantially last week and this morning its back at 0. 91 i cant remember the last time we had a ten year above 0. 8 let alone 0. 9. It could be a round number some day not that far 1 maybe cross your fingers. Oil too is almost 40. Oil looks like a bad break looks like it went down and it is such a quick one right back up and almost to the levels where it was almost prior to this the journal has the piece when the spiggots are opening here today. We have a huge show again today
Ahead on todays show, fashion in the time of coronavirus. Well speak to anna wintour about vogues new partnership with amazon on a Digital Store front. Plus we will speak to truist ceo about his efforts now for Coronavirus Relief lets focus in on the stories we are watching Steve Liesman with the highlights from the fed minutes. Just released in the last hour and oliver chen is with us to talk about retail earnings and the big box names he likes so far. Michael, start it off with you what stands out . Yeah. The market just bobbed right back up from that lateday selloff yesterday. In fact, the low for today in the s p 500 hit about three or four times was yesterdays high. So it seems as if, you know, big money investors continue to behave in a way that suggests they feel underexposed to stocks if theyre not going to pull back a lot weve been talking a lot about this rotation theme. You have small caps up a lot and fin tech and financial all were really doing is stretching the upside of