Studied after a jump overnight. Steadied after a jump overnight. You are seeing the likes of the aussie, which gained a bit yesterday, off those highs. U. S. 10 year yield snapping out of three days of gains at 74 basis points. Brent crude sliding on concerns of that second wave in china. As we mentioned about geopolitical tensions, we are moments away from hearing south koreas president ial Office Briefing on the north korean situation after that Liaison Office was bombed yesterday. We are seeing a little bit of reaction with korean assets. Not a whole lot when it comes to the stoxx, although you are seeing to the stocks, although defense stocks are up today. The won taking it on the chin. Weaker by 6 10 of 1 . Vol spiked up just slightly. Haslinda geopolitics adding to marketweaker by 6 10 concerns. China has ordered all schools in beijing to close as it struggles to hold a new coronavirus outbreak which has already spread to neighboring provinces. Lets head to the capital and our ch
Faster Consumer Recovery and it is monday, june 1st youre watching Worldwide Exchange right here on cnbc good morning, good afternoon, good evening, welcome from wherever in the world you may be watching us i am Brian Sullivan. Thank you for joining us on an important day on cnbc. We begin our coverage this monday, as we always do, focusing on markets, economies and global business. That is our business here on cnbc and this morning, in a new month, we find those things are at the crossroads of four very important events number one, the planned reopening of the American Economy and whether that is now at risk. Two, both peaceful protests and riots in nearly every major city in the country three, rising tension between the United States and china. And, four, 40 million americans currently out of a job and hoping for a recovery that puts them back to work. Throughout this hour and the entire business day, you will hear commentary and analysis from investors, money managers, executives an
Lets break down the data. The ism manufacturing number has come in at 43. 1. That is shy on the consensus, which was 43. 8, but ahead of where we thought things would be at bloomberg economics. The headline number is a bit of ordersaly because of the and the duration of orders component, which messes things up a bit. That number is coming in as expected. The employment numbers picked up as well, and the prices paid number picked up strongly. Lets get a look at what this means for the u. S. Economy. Giving us that assessment is that shes shot is ashish shah. From Goldman Sachs. Lets talk about the data we are getting from the u. S. Economy. We have got the big payroll number coming up friday. My sense is these numbers are getting better, but not consistent with a vshaped recovery at this point. They still look pretty bad and still indicate that while things are improving, the u. S. Economy is still in a tough spot right now. Give us your thoughts. Ashish i think that is exactly right. I
And Lauren Simonetti is watching the markets. Lets start with blake with the latest from the white house. Reporter hi, there. There is a debate taking place in washington up on capitol hill about the future of the 600 federal uninsurance benefit that came about during the cares act. We will give you a live look right now at the Senate Finance committee, the labor secretary Eugene Scalia testifying there. Republicans and the white house argued that benefit has become a hindrance for businesses since some people are actually making more money on unemployment. Democrats, though, are making the argument to republicans saying how can you say more people are coming back into the work force, yet this is also a hindrance . They are saying that doesnt really work hand in hand. They are also saying that this 600 plusup should continue until the end of the year. Watch. When secretary scalia failed to offer a plan to give benefits out in a timely way, democrats proposed a flat sum solution. 600 pe
A spring tomorrow coming in. You will see the clouds out there, you will feel it, here it. Rob mayeda joining us now. He is outside. The rain is not going to get wet soon. Im working from home in danville. We have a taste of tropical air. Its muggy, windy at times and san jose, you have temperatures in the 70s with showers. You dont often see that around the bay area. We see 50s or 60s. You can see the rain around san jose, and lurking off shore is the next batch of showers, and thunder showers. Notice the lightning bolts to the east and north off shore. Instability is going to increase, and notice the connection out from hawaii. Thats the reason it is muggy tsit is adding a little extra moisture to the showers as we get in had tomorrow. Which we do thing will bring thunderstorms, which include some hail. What is unique about the pattern, the timing. Some can e show up before sunrise toorm. We have a look the storm hour by hour in ten minutes. Thanks very much. Now to the continuing co