You are watching Worldwide Exchange on cnbc. Good morning to you, im dominic chu in for Brian Sullivan. Stock futures looking to extend gains after the 500point rally. Up beat developments on treatments and growing talk of stimulus on capitol hill s p higher three sessions in a row. The blue chips roughly 700 points shy near an 1800 point sell off the s p lost 180 points on thursday as well going worldwide with a mixed picture in asia. Just Getting Started plus big news out of one Investment Bank weighing job cuts. Julianna tatelbaum is in our london news room good morning good morning, dom it has been a choppy trading session. We opened flat and now we are seeing them come together after a very strong rally. The stoxx 600 ended 2. 9 higher. This morning, we have health care and industrials leading the charge travel and leisure and autos one getting attentions this morning that is hsbc the Investment Bank has revived the comment of job cuts and put on hold the plan to cut 35 jobs but s
Tweet us cnbc fast money. Lets start with a strong start to the week for the markets. In fact, recordbreaking close for the nasdaq tech leading the way it has done so often guy, your take on todays rally. If we snapshot today, guy, Half Way Point of the year, the dow is down 8 or so the nasdaq 100, up 21 , almost a 30 differential will that be repeated in the second half of the year . Well, first of all, its great to be with you you know, im a huge fan of yours. Ive mentioned that number of times. So. Thanks for hanging out with us this evening. Thanks for having me, guys. Im hard pressed to believe that you can come anywhere close to having that same kind of out performance in the second half but i have to say, i didnt think it would happen in the first half of the year so who am i to sort of speculate on that. What i will say in terms of the s p 500 with its move basically within a whisper of its alltime high if you assume 130 worth of earnings for the s p 500, which is a pipe dream,
Whats of buying, we will get to the new record love lots of buying. And we will get to the new record lows. I cannot believe we are already in the Third Quarter. And pending home sales will be coming out. Guy and better than expected, the data certainly looks bit more optimistic. That may give you the month on month number. 34 point three, the prime number was 21. The prime under was 21. You need to look at the year on your comparisons to give you a benchmark as to where we are. Again, it is better but still not great. So you need to take all of this with a pinch of salt. 34 ,ess time, 34, down by we were expecting it down by 21 year on year. Down nearly 10 , but 10 is still a pretty big number. Alix it is like less bad is the data that we are continuing to get. We are going to tackle all these stories. In addition to this hour, we will focus on specific stocks. Chesapeake filing for bankruptcy. We will speak with stephen richardson, plus mark lehmann, president of Jmp Securities come
You say to yourself, come on, come on, come on. This monday is the come on where new york city reopens. With that, a better jobs report, and accident of course, the president talking it up. I thought the research over the weekend from Goldman Sachs, j. P. Morgan and the others was just outstanding, putting shade and putting nuance on that jobs report of friday. Jonathan lets be clear. For this market, for the Global Financial community, friday never really ended. It went through the weekend into monday. The equity market continues to rally. We continue to look ahead this week to a Federal Reserve i just wanted to have the payrolls report change the feds approach to the News Conference this week, tom. Tom maybe a little bit of nuance to it, but i really dont think it plays in all that much. You ught it was great, come down, and the amount off they calculate it roughly of 15 recovery in the labor economy. I dont think thats enough to have vice chairman turn to chairman sandowl say change
To face. Hello im come on santa maria this is counting the cost on aljazeera your weekly look at the world of business and economics this week boyle just because youre resource rich in 2020 doesnt mean youre making money well look at the economies of some opec nations which arent making a cent in earnings thanks to the price crash the coronavirus also oil versus lithium as calls grow for a green economic recovery post pandemic maybe green power could be the death knell for crude. And saudi arabia the oil giant whose Economic Diversification has led it to the north east of england but critics are accusing the kingdom of trying to sports watch its human rights record. Look we all know were in the middle of a storm like no other right now and really no one even if you are a country with oil sure some of the bigger players are doing ok though even saudi arabia is cutting subsidies and raising taxes but small opec players are really taking a hit from the coronavirus pandemic and Oil Prices