The s p 500 has climbed all the way back from down 2. 5 to flat. A little bit of strengthening from last week in the dollar index, but weaker on the day. The 10 year yield at 69 basis points. And a little return to climbing higher for crude, but it is lower on the equity downdraft. Halfway into the trading day, lets go to scarlet fu for more details. Scarlet you mentioned the paring of losses. Futures, the s p 500 futures have almost wiped out its early decline. And we are looking at that in the cash market as well. Of what is in leading things higher, Consumer Staples are doing the best in the s p 500. Names like kellogg and campbells, a clear sign of the risk off safety trade, even as we see the Overall Index make a comeback. And the tech heavy nasdaq 100 extends its top performance, 5 shy of a record high. Last week, we saw it the s p 500 by the most in nine months. Small caps are holding up better than the big caps, thanks to health care names like bbi vaccines, working on a covid
One College Football player announcing he tested positive after attending a demonstration as covid cases continue to rise in at least 16 states, plus, what could be good news for parents, what dr. Anthony fauci is saying about reonindme deadly flash floods. It now threatens the gulf coast from florida and louisiana as a ready storm sweeps across the northeast. Winds gusting at over 90 mile an hour. Ginger tracking it all. Drew brees backlash. I will never agree with anybody disrespecting the flag of the United States of america. The nfl star under fire saying he still doesnt support taking a knee during the National Anthem. In the wake of George Floyds killing the top players and teammas lashinonia a. The nba bouncing back. Powers in and finishes. Our favorite players planning a big return to the court. What the league is doing to keep teams safe and how disney world may be making the magic happen. Good morning, america. Thank you for joining us again in this tumultuous time. Thousands
Memorial day. Because of that, a heat advisory in effect for most of the bay area and coast and immediate shoreline and that is in effect now till 7 00 p. M. Itll continue tuesday, wednesday and thursday. Limit outdoor exposure and stay hydrated looking at hotter days ahead for tuesday and wednesday. Your memorial day forecast with that sunshine topping out in the mid to upper 90s inland this afternoon. Around the bay, low to mid 80s and low 70s along the coast. Looking at 99 for a high in concord, 95 in san jose, 85 in oakland and 82 for a high in san francisco. Watching the high ridge of pressure building for tuesday and wednesday. Ill let you know what to expect in that seven day forecast, my full forecast in a few minutes. Back to you. Today oaklands chapel of the chimes is hosting a memorial day event to thank and honor our veterans. ubut rules are in place to prevent the spread of coronavirus. All visitors are require to wear face masks, groups must be ten people or less and all
Retoreopen to large crowds and many wondering if theyll be able to send their kids to summer camp in the next few weeks. Early today starts right now thanks for being with us. Im phillip mena there is hope on the horizon for a vaccine. There are more than 91,000 people that have lost their lives to this virus in the United States and over 1. 5 million infections have been confirmed. Orr gone statewide social distancing restrictions are in jeopardy of being thrown out the governors executive orders are null and void. The justices review the ruling casinos are up and running with restrictions. Players are having their temperatures c tv. Tennessee governo it could bee before fans are invited back to the stadiums and fans are invited to a pro bull riders competition july 109. Theyll provide masks and seat will be spaced at least four feet apart drug manufacture says the immune response. Its been tested on 45 people who tested eventually it will be tested on thousands. Now to a bomb shell d
Future and later, President Trump says the time for negative Interest Rates is now. So were breaking out our crystal ball to see what the market will look like in a world of negative rates and we start with the market selloff the stocks tumbling after the path forward is highly uncertain and subject to many downside risks. The prolonged recession and weak recovery can discourage business advancement and expansion further limiting the growth of jobs and the pace of technological advancement. The result could be an extended period of low productivity growth and stagnant incomes. And then theres this, Stanley Drunkenmiller telling the Economic Club of new york that the risk reward for equities may be as bad as hes ever seen and scott telling scott wapner that this may be the second most overvalued market hes ever experienced so did the markets just get a big dose of reality, guy first of all, i know youre not in charge of music at cnbcs fast money and im getting ready for the twitter hatr