The bull side. The biggest 50 day in the s p 500 every and Lpl Financial says if you look at rallies like this, stocks were higher 100 of the time both six and 12 months later, josh. One of the funniest things is i talk to bulls and i talk to bears. They are both saying the same thing. We want to pull back someone pointed out 97 of the s p 500 is now above the 50day which i think is as of bought as you have seen in the history of markets. The rally has broadened out as a style box being absolutely on fire all week but even with intact lets take a look at triple qs made a new all time high this morning yet not one of the fang stocks is making the new high. Thats interesting then you look at qqew. Remember, thats the et if that tracks the triple qs as though every component were the same exact waiting. The equal wait qs. Thats up 15 in the last month versus the vanilla qs ths that e only up 11 all you could say is were over bought but if thats your biggest complaint now, its not really t
I would point to a couple of Opinion Pieces that have opened my eyes about the risks in the South China Sea and possible skirmishes or tensions. We focused on the premier of china addressing in a press conference the National Peoples conference and we heard from Tom Mackenzie that this is not the forum for him to address what is happening in hong kong with the strong response from the u. S. Tom our conversation moments ago from lord patten, the 28th governor of hong kong for the united kingdom, his clear message is what is needed is a coordinated response, not every developed economy for itself. Right now, our first word news. Havea lawmakers in china defied the threat by President Trump and passed a proposal for National Sweeping security legislation aimed at hong kong, curbing potential freedoms in the city, a day after the u. S. Declared hong kong was no longer a tana miss. Autonomous. U. S. , milestone for the more than 100,000 deaths from the coronavirus, the worlds highest death.
Unemployment claims last week, but we are seeing sectors most sensitive to economic reopening. Sharply hire American Airlines rilgt now, trade iing up some 45 wilfred. Its actually pared some of those gains. About 43 . Ahead on todays show, tim ryan has a six step plan outlining his companys pledge to support black lives and it goes well beyond cash donations. Hell join us with his message plus, a key question for millions of newly unemployed americans. What happens when federal stimulus programs run out . Lets focus though on the big stories were watching today first of all mike is tracking the Market Action phil lebeau is watching a huge surge for airlines before the pullback and Courtney Reagan covering a battle between landlords and retailers, but mike, lets start with you and the broader markets. Hard to make too much of this headline softness after such a sprint that the market has had take a look at the two year chart the s p has had. We did see today mostly, the nasdaq 100, cli
Business and you are looking at the incredible scene at the d casino in las vegas shortly after it reopened at midnight. The casino is absolutely packed and very few people are Wearing Masks and no social distancing lets bring in the journalist who shot this video. Mick akers was it as crowded as it looks in the video yeah, it was. That was taken nine minutes after they opened the doors an let people in so people were ready to fill in pretty quickly there. I wasnt expecting it to be that packed and that video is true to form what struck me when i saw this on twitter, i thought maybe this video got mixed up with prepandemic video of the d casino, but in fact, this is a scene that you have been witnessing all over the place. Youve been going up and down the strip all day long and to the airport, as well yeah. I was at mccaron airport and ive been going there every so often since the shutdown and its weird seeing that back and some other reporters are all around the city, and the bellagio
Good morning im becky quick along with joe kernen and ars there are some red arrows. You have to look at what has been happening over the last week joe mentioned it is up 3. 5 this week alone watch what has happened. The crazy whip saw market picking up again walking you through the dow. Thank for peter for helping me out with this. The record high 25,551 on november 12. Falling to the low on march 23, 18,591 yesterday, june 3, the dow up 41 back to 26,269 the same story with the s p. Looking at that, you will see it hit a record high 3,386 on february 19. Fell on march 23 to 2,237. Yesterday back to 3,122. It just shows you how rapidly these things have happened and how much ground has been made if you are looking at the nasdaq. Only up 1. 4 from the record close from february 20 treasury yields have picked up the 10year yielding 0. 746 . Crude oil prices are down this morning. Concerns that that opec plus meeting. That there will not be any cuts extended a lot of that comes as you ar