Largest eco are now scheduled to meet next week at the g20 summit in jand it was all investors needed to hear and stocks took off today. The dow industrial average rose 353 points to 26,465. The nasdaq added 108, the s p wa 2 up but it wasnt just trade that drove todays big rally. Bob pasane is at the new york stock exchange. Stocks were in full mode fuelled by high hopes of trade talks and easy money across the globe. Thats what moves things these days. Ar futures first high around 4 00 a. M. Eastern time. European Central Bank President mario drahgi said there was a case to be made for more economic stimulus in europe if the economy did not improve. That sent a signalo the markets more easing could be ahead. Itent the euro down against the dollar. Then President Donald Trump tweetedut he had a very good phone conversation with chinese president xi jinping, and the two plan to meet at next g2week summit in japan. That one tweet sent the dow up 150 points in less than ten inutes with t
Here, we take a deep dive into the National Security and market implications, this is breaking as we speak. Meanwhile u different kind of war breaking up between makers of imitation meet, beyond burgers under attack as the vegan meet darling watches stocks soar and competitors roll out new products. Does the veggie burger super star have what it takes to sustain in the space, matters of the stock, find out in just a moment. From fake meet to fake videos, threat to american businesses, facebook dealing with video of zuckerberg, how can you protect company from deepfake video that could possibly create pr nightmare and ruin your business. Cyber responses, joe lumas has the answer you need to hear this u it could happen to you, on wall street oil and energy propelling the energy much higher, s p better by 7, nasdaq dumping 34, we have oil, still trading above 52 a barrel. Less than an hour to closing bell, lets start the countdown. Liz breaking news, secretary of state just made a dramati
Until the close, cnbc contributor stephanie link from tiaa a nuveen company. Welcome, stephanie thanks. Energy doesnt usually lead this market but is today on the oil bounce and questions about whether thats sustainable and given sort of the scale and increase in tensions whether the move is big enough to bring back the sector and commodity trade i dont know. I really dont because its been a tough industry for the whole year. For a whul of years now. So this is really more a supply issue concern. I think the Biggest Issue for oil are demand and the demand environment has been slowing and the revisions have been lower. So with that as a backdrop this might be just temporary. You would have thought oil would have been rallying much more than it did. I spoke as well about 20 minutes ago to one of the senior traders at one of the major investment banks and said was pleased to see the algos didnt disrupt the market when pompeo came out and clearly blamed iran on that. That could have been a
Q were relatively flat up slightly, up about 2. 5 points in europe we saw the active trading taking place all of this ahead of the fed meeting starting today the cac is the biggest gainer of the three major averages its up by q . You see gains of a half percent across the board and then if you want to seee1 whats happening in the treasur market here in the United States o0. 042 theres no way bad news is good Morgan Stanley is soenearish yesterday was the mostx boring day i watched ine the markets seeing the bug here and there at thee1 gym or whatever. I would look up. I have to check. E 46 i have to check. Up 46. Is it dog days yet it may be market breaking news. Facebook officially unveiling its cryptocurrency currency plans. Julia boorstin has more on that. Facebook announcing its new Digital Currency called libra. It will make it easy to send money around the world the currency is set to launch the first half of next year. It will be run by a nonprofit in switzerland up like
Decliner with points and percentages this morning. Those futures are off 117 points. Take a look at treasury yields. They were higher yesterday, but you are seeing a pullback this morning. The tenyear yield below 4. 18 . The twoyear yield at 4. 58. Joe mentioned that bitcoin continues to climb. It is down by 1 . 6 6 6 66,834. We are watching the price of gold futures. Gold hitting the record high close yesterday. That april contract jumped at 2,131. Despite the high, it is still below the inflation adjusted high of 3,200 which hit back in 1980. Alltime high. For gold. Yeah. You know, with inflation slowing, but money printing, less likely with no cuts maybe coming this year. Potentially. Or three later in the year. Yeah. Looming behind all that and were adding 1 trillion to our debt every 100 days. I read that the other day. Thats still climbing. Theres no relief in sight for that. Bitcoin as you keep talking about the halving in the next two months. I was reading something yesterday t