Headline, governor bailey with a negative two year yield. Francine there will be no money for my kid because as soon as i can, i will be spending it on childcare. I asked him whether negative rates was something he would consider. The change in tone between him and his predecessor is stark. Governor carney always saying absolutely not negative rates for this country. Andrew bailey who has been in charge for about two months, kept the door opened, saying probably not now but because of the severity of what we are facing he will not rule anything out. There is a change in tone on what they can and cannot do. Seeinge changes we are from tuesday into this wednesday, chairman powell with adam posen and the Pearson Institute at the Virtual Conference today, that will galvanize global wall street. Jack ablin here with us in a moment. Here is ritika gupta. Ritika we are waiting to see if Jerome Powell gives anything up about what he will do next. He may call for congress to do more to combat t
Alltime highs today and if you just looked at the market, you would have no idea, frankly, about the civil unrest across america, as thousands continue to take to the streets to protest Racial Injustice and inequality demonstrations last night a little more peaceful than on prior nights were going to dive into what could be a Tipping Point here in the u. S. Power lunch starts right now tyler, thanks stocks are at their highest level in three months as the rebound continues at a furious rate for more on the road back to record highs, lets get to dom chu. Hi, dom. Hi, kelly, lets talk about the massive amount of green youre seeing on the screen right now. As you and tyler mentioned, the vshaped recovery continues to move the dow industrials, 400point gains, about a percent and a half to the upside the s p 500, 3116, the level there. 1 gains there the nasdaq actually lagging for a bit now so far but lets take a little closer look at the nasdaq specifically the nasdaq 100. Because as tyler
Out what that election will be. It is tuesday, and with economics we look to the jobs report on friday. It is supposed to be an especially grim report, modeled out on an unemployment report of 17 , 18 . Last night was extraordinary in new york, and i would say within the curfew that we are in as we speak, there is a silence in the streets. There are no sirens heard. Francine we will have plenty more on the curfew and also with what President Trump said. Lets get to first word news in london with leighann gerrans. President trump is threatening to use the u. S. Military to crush unrest. The president has called on governors and mayors to dominate the streets. He is sending thousands of heavily armed military personnel into washington after days of violent protests. After speaking, the president walked across the street from the white house to st. Johns church. There was tear gas in the air and it had been used to clear away protesters. Or violence across the country in new york, looters
Macys, looting as well. Tension across the city, no question about it. You opened correctly, which is this is not just about new york. It is not just about washington. It is about cities across the nation, the horrific events in buffalo and those tragic deaths in chicago as well. Jonathan for programs like this where we have to cover the markets, you have to stress to the size that this equity market just feels totally removed from the mood of this country right now. We talked about yesterday, and no doubt through this morning as well. Tom i am not going to mince words. Ive witnessed this before i was born with my grandparents. One set of grandparents completely removed from the depression, worried about the stock market. The other set of grandparents going, what are you, nuts . It is true futures are up. It is truly risk on. I would note brent crude get a near a 40 per barrel print. Jonathan a weaker dollar in the mix as well. Lisa, we heard from the president yesterday evening. A lot
A number of days of peaceful protests, and indeed, looting and riots as well. What we know for certain is last night was absolutely extraordinary in new york. , Governor Cuomo and mayor de blasio agreed to make the curfew sooner this evening. Jonathan which i think makes sense. I think is really sad is what is getting lost in all of the noise , the reason for the protests to begin with. The mission that has been a mission for a long time in this country for more social justice. Sharperhat becomes of vocus in the days to come and we get away from the noise surrounding the riots. Tom ian bremmer is scheduled to be with us. What i find extraordinary is what is the next step here. Theres all this reporting and the cable news frenzy and all of that, but we got to get to 11 00 a. M. This morning, where i believe the president will speak. Lisa people are wondering what if the local government cant get things under control. What we saw last night was not under control. Theres also a question o