Against the pandemic and when were losing, we buy the cramer covid19 index. Oh, i wish there were more to it than that. But when the virus seems unstoppable. You go back to the wealth and buy the stocks of the companies regardless of valuation. Thats how the dow gained 236 points today the s p advanced 2. 7 . And winners surge 1. 47 . This rally was extra infuriating to anyone who thinks the market should be linked to washingtons inability to pass another stimulus bill now that the 600 a week benefits have expired the rising case counts in so many states, california over 500,000 that forced closures of flagging businesses. So let me give you the guide to the perplexed. Because when you go to the tape and look at whats winning, its actually very straightforward. Theres nothing counterintuitive about this move. Its not crazy its not illogical in fact, it makes perfect sense. Lets do this. Lets consider the 15 best performers of the covid19 index. First, theres fastly. This is a platform
Welcome to surveillance. Off to a firmly risk off footing and then remain so. Additional wobble coming through after news china is slapping sanctions on Lockheed Martin. Barely Holding Onto Gains here. Up by one whisker but the losses are heavy into deep in europe and asia. Looking at key earnings including the banks but also delta reporting numbers in a few hours. Eurodollar up, this is the story of Dollar Strength. You have treasuries play big after the open on monday. When california reintroduced some restrictions to stem the virus. 1. 2 . En brent crude down looking ahead to that Monitoring Committee meeting and the expectation is theres going to be some additional action. Lets get to the bloomberg first word news and get you the round up there round up there. China has called the u. S. A troublemaker which is undermining regional stability after the Trump Administration rejected beijings claims to large parts of the south china sea. The u. S. S china previous policy of not taking
Coronavirus cases and political tensions. The Trump Administration rejects beijings claims in the South China Sea, accusing it of bullying. The u. K. Is set to ban huawei from its 5g mobile network. The plan would mean British Companies need to remove huawei infrastructure by 2027. Welcome to the program, everybody. Lets check out the futures. Lots of moving parts in terms of the market action. Lots of geopolitics to talk about as well. We have futures pointing to the downside in europe. We have to play a little bit of catchup with the united states. Lets get to some of the breaking news out of the u. K. That is certainly going to be one of the focuses in our program. The u. K. Economy shrank by 19. 1 in the three months ending in may. Getting a three month figure. Main manufacturing production rising by 8. 4 . Somecoming out manufacturing facilities coming out of the Strict Lockdown measures, working out how to manufacture in the current environment with covid safe practices. Mayecono
Are still 34 up from the lows we saw three months ago. Remember nasdaq closed at record high above 10,000. That milestone just yesterday. Fox Business Team coverage, blake burman with the latest from the president. Well kick it off with Lauren Simonetti on todays selloff. Lauren . Lauren melissa it spared almost no one today. Investors are still reacting to the federal reserves cautionary tone about the recovery yesterday, along with the cautionary tone from the pandemic itself as more states report more coronavirus cases. That is raising fears of that second wave of infections as the economy struggles to recover. Another 1 1 2 million americans filed for Unemployment Benefits last week. Number have fueled, received aid for two weeks stands at 21 million. Stocks that have outperformed as the country reopens are the ones getting hurt the most today, like travel shares. Look at some travel names. Many of them have doubled sentence their lows in midmarch. So they still have more selling p
Whats wrong with this picture . People enjoying a day at larky park in walnut creek. A lot, according to Contra Costa Health services. Sure, theyre distancing, but nc tables. We dont want congregation gathering of people from different households, which is why picnic tables, playgrounds, and other communal areas arent open. 50 to 80 of people with this virus dont have any symptoms or havent got them yet. Thats really scary because you dont know if you have it or someone else will, and could easily pass it on. By land or by sea, the same county Health Orders apply, according to a statement from the contra costa sheriffs department. Here at the martinez marina, fish and game are also making sure people play by the rules. So we havent really had too much restriction as far as, you know, fishing goes, as long as they go out with their family members on the boat only and no gathering of other households on their boat. That same restriction applies to recreational watercraft. Welcome to memo