Since Early Morning people have come to pray for those who died in the battle of okinawa. Many are visiting the monument where names of the military personnel and civilians who lost their lives have are inscribed. This man was 5 years old when the fighting erupted and lost his father, brother, and grandparents. Translator i pray and ask for peace and happiness. This 88yearold woman lost her uncle who was a serviceman for the impeer japanese navy. Translator because of you, uncle, we are able to enjoy peace. Ease res i in pcece i prayyor 200,000 people lost their inududingeequarr o ofheinawaw onunune 2,945, the japanesee military operations against the u. S. And allied forces in okinawa came to an end. About 200 people are expected to attend a Memorial Service at the Memorial Park in the city on tuesday. The annual event usually draws 5,000 people but this year the number is smaller because of the coronavirus. Many people in okinawa hope the anniversary is a chance for the entire countr
Peter navarro meant to say on fox last night. There was a little confusion. I think that he was pretty definitive to say it was dead, the president was pretty definitive in saying the trade deal is on who would ever think that this would happen, good news out of europe, pmis are strong, they are inflating things in their economy like we are. I also think there might have been a short squeeze those of us who watched when navarro said what he said the market plummeted and i think overnight traders said its going to open down badly im going to get short and they got whipsawed because you didnt think navarro could be reversed as quickly as he was given the fact he is a close confidant of the president. Almost exactly what art cashin is saying this morning. Whipsaw resulted in a good deal of short covering. He says the bulls may now reassert control he says they need to take the dow up by more than 450. The bulls are when you watch the market ahead of time you see so many stocks going up fo
Manufacturers fell to minus 34. The Previous Survey was minus 8. The index shows the difference between the percentage of companies saying business is good and those says its bad. The index declined for the sixth straight quauarter to its lowes since 2009. Thats due to a sharp drop in exports and production in april and may when japan was under a state of emergency. Business sentiment also worsened among nonmanufacturing sectors such as tourism and retail. Turning to hong kong. Residents are waking up on this anniversary of the handover from britain. It is the first day that chinas National Security law for hong kong is in effect marking a new historic day for the territory. The committee unanimously approved the law on tuesday. The law defines four criminal acts that it says endangers National Security, secession, subversionon, organizatation an terrorist activities and collusion with a foreign country or with external elements. People convicted could face up to life imimprisonment. M
Spike lee he tells t w his reaction to George Floyds death he says donald trump will go down in history as americas worst ever president. Coronavirus outbreaks in indias overcrowded prisons lawyers are trying to get releases for people held on pretrial detention before its too late. Hello im terry martin good to have you with us a final goodbye and a call for action george floyd a black man who died after a white Police Officer pressed his knee into his neck for several minutes has been laid to rest at his funeral in Houston Texas friends and members of the family spoke about the man they knew and loved floyds death ignited global protests against racism and Police Brutality. The. Morning a man his crime in the whats of his supporters was being born black more than 500. 00 guests attended the funeral and he sed in texas for george floyd whose death under the knee of a white policeman spots global protests calling for a short justice. Officer to. Speak is that the ceremony made impassio
Albertsons ipo. All of the stories that we cover so closely i know. And banks already rallying today off that deregulation news earlier on the day theyre up 1. 6 at the moment. The top of the s p 500 sector. We have a huge show coming up on closing bell. On the day, we get the stress test results that sara mentioned. Well be talking to the ceo of barclays in a rare exclusive interview. Thats just about five to ten minutes away after the close, the they will join us this is the sign for the first time in months so lets get the pictures here mike santoli is here for the markets. The moves and valuations he is tracking the surging covid19 cases across the u. S. Mike, first to you. We have a pause today in the markets within a pouz. That is similar to a couple weeks ago. We this that big down day number real sustainable followthrough to the down side why is that . It doesnt seem like theyre overleveraged in a way that kree auts a liquidation cycle on the down side. There you see that flat