Is boom bust the one business show you cant afford to miss in washington coming up markets are slumping on friday after the Federal Reserve put a halt to buybacks in the midst of the copa 19th and them if we break down the ruling and what it means Going Forward and while the Airline Industry has struggled in recent months some big changes could be coming to the sector we take a look at some issues daunting the airlines and what the changes could mean for travelers we have a packed show today so lets dive right in. And we leave. The program with the United States setting another record for new cases of covert 19 on thursday with the nation seeing a spike in cases as certain regions attempt to reopen their economies Johns Hopkins University Reported more than 40000 cases on thursday in the us eclipsing the previous record of more than 36000 cases reported in april this comes as the director of the center for the centers for Disease Control dr Robert Redfield said he estimates that every
What else is going on here . We also have lines coming through from carrie lam saying they will not be appointing judges to individual cases with regard to the National Security legislation. She had said earlier it would not be retrospective. Elsewhere, lets have a look at some of the other markets. The shanghai comp, for 10th of 1 . 4 10 of 1 . The kospi, much higher. We were up about 1. 67 before the headlines. The aussie market, erasing all of the gains and the red before came back. The singapore market does language seven tents below the gain line. A quick look at currencies. The dollar index was actually moving to the downside. The first time in six days. That has turned around now. The dollar index itself is marginally high. This is giving up some of its gains. Yen just below 107. Terling up approaching the 1. 25 level. The aussie has been appreciating. It is on the verge of testing the 70 u. S. Sent level. Confidence in the euro area improving marginally. Still down 14. 7. Bette
More in payroll pay. And ford unveils the new f150 with new options including handsfree driving it is friday, june 26, 2020. You are watching Worldwide Exchange on cnbc. Good friday morning. Im dominic chu in for Brian Sullivan we are seeing a bit of negative activity right now, the s p is implied lower by about 12 points the dow would open down by 170 and down another 14 points for the nasdaq this represents moves off the low so far on the treasury yield side of things, we are seeing movements across the yield curve slightly lower at 67 basis points or. 67 ticking higher at 18 basis points or. 18 there the fed announcing it will force big banks to suspend share buy backs and cap Dividend Payments for the Third Quarter. The firms must resubmit their pay back plans the fed found several banks could get too close to capital levels amid the pandemic induced slow down. Shares of nike, dow component as well the company posting an unexpected loss. Was hurt by Retail Store Closures the wholes
The regime changes that are out there in our medicine, the pandemic, as with about the american economy. James bullard of st. Louis will join us here in a moment. What we would really like to do is talk about the regime changes that we see right now in the market. To me, it is a very correlated list up off of the navarro uproar of 14 hours ago. Jonathan what a move overnight, whipsawed by Peter Navarro, who set the u. S. China trade agreement is over. The president of the United States, his boss, coming out and correcting him. The confusion on that issue is massive over the last couple of weeks. I think john boltons book over the last week or so has made things a little more interesting as well. It. No question about i know lisa is almost 2 3 of the way through the book. One question which you are an expert on commode is the great distinction between larry kudlow and Peter Navarro . Jonathan Lawrence Kudlow seems to have the president s thoughts very much in mind. He is speaking for th
States setting another record for new cases of cope with 19 on thursday with the nation seeing a spike in cases as certain regions attempt to reopen their economies Johns Hopkins University Reported more than 40000 cases on thursday in the us eclipsing the previous record of more than 36000 cases reported in april this comes as the director of the center for the centers for Disease Control dr Robert Redfield said he estimates that for every case reported in the country there are likely 10 other infections unreported meanwhile and speaking about the end of the 2nd Ebola Outbreak the director general of the World Health Organization just how similar measures have been taken to fight the 2 diseases and spoke about what it will take to see an end of the kobe 9000 pandemic. Its clear that to bring coded 19 and of control and to save lives we need effective vaccines diagnostics and therapeutics in unprecedented quantities and im president to speed. And its clear that because old people out o