Just eight or nine pennys away from 40 a barrel. Markets hit session highs as President Trump this morning championed the jobs numbers while standing in the rose garden. He is now in maine meeting with commercial fishermen who were hit hard by the covid lockdowns he will during this hour visit a factory that makes swabs for covid19 tests. He compared the coronavirus lockdowns to a hurricane and he calls for the reopening of the economy and he shared his desire for additional stimulus including a payroll tax cut. Were following all of his moves in maine ahead of his remarks at the top of the next hour, meanwhile the protests over the death of george floyd in minnesota continue at this hour, you are looking at live pictures of demonstrate or s at the National Cathedral in washington d. C. , and more marchers in brooklyn, new york who just began their march minutes ago in prospect park. One ceo, is using his power and influence to make the workplace more kind. Bar founder and executive ch
Drop coming up on todays show, were taking a look at how a number of Different Industries are getting back to work in america. Well talk hotels and travel with the ceo of best western plus, walter rob, the former coceo of whole foods will weigh in on grocery trends and well talk about the state of the consumer lets kick things off with a Broader Market a choppy day to kick off the trading week pretty positive. Right near the session highs as we stand on track for a record close for the nasdaq composite actually kind of a quiet levitation out there the average stock not doing much of anything. Volumes are low. But v but the Growth Stocks are powering higher. You see a one year of the s p 500. Its about a couple weeks ago that the enthusiasm for that reopening really seemed to crest for a little while since then, the old Growth Stocks, if you look at the top of the dow right now, its nike, apple, walmart, visa, microsoft. These are the days when the observation that Great Companies remai
Monthly contraction on record as gdp falls more than 20 on april on the countrys first full month of lockdown. A resurgence of cases across the u. S. Fuels fear of a second wave as the imf calculates around the world already spent 10 trillion to fight the pandemic and warns america cannot afford another lockdown we cant shut down the economy again. I think weve learned well create more damage, not just economic damage but there are other areas. Weve talked about this, medical problems and Everything Else the six group seals the deal batching the nearly 3 million take over. Well talk with the ceo at 10 35 cet. Very warm welcome to street signs. Happy friday it has been quite a week for morning ets. We open the day in negative territory extending the losses weve bounced across the flat line into positive territory it has been a volatile choppy session already. The theme is certainly over the last couple of days in the reversal of the cyclical value parts of the market. That trade has bee
What happens in vegas will happen in vegas. Casinos reopen doors for the First Time Since the march lockdowns began. Get the dice ready it is thursday, june 4 you are watching cnbc. Good morning good afternoon, good evening wherever you may be watching thank you for joining us on a thursday morning the major averages trading at the highest level since early march. Gaining some averages. The dow trying for a four session win streak futures now a little lower 114 points off time to turn it around this has been one of, if not the most remarkable come backs in the history of the american stock market the s p 500 is up 21 this quarter. We still have a few weeks to go in the quarter the nasdaq 100 just. 75 of 1 of a new record closing high. Doesnt look like it right now could happen today the markets pricing again a fast recovery off the pandemic than pretty much anybody would have thought possible one month ago around the world is not just here mostly green arrows in asia and Companies Like
Of europe. Early on, we saw the autos up more. 1. 36 ,os are only up 1. 42 . The german tenyear now catching a bit as well, negative 0. 44. David from Credit Suisse is going to be joining us to give us his technical picture about what is happening here. He is certainly very interested in how the markets close at the end of the week. David is coming up from Credit Suisse, the head of ta at Credit Suisse. That will come up at roughly half past the hour. ÷bthe u. K. Story today, very g. We are watching very carefully as the data comes in. Is it worse than anticipated . Today, a little bit. That was certainly the gdp weed. Basically, we wiped out 18 years of growth in the month of april. The new of england, governor of the bank of england andrew bailey, has just done a poll interview. What play a clip of that, the governor has to say. There is question about how much longterm damage that will be and that is what we have to be focused on because that is where jobs get lost and where damag