Also jay powell making comments that added to some of this those who have been under such pressure, those stocks were the ones that were the biggest rebounders disney up more than 7 banks were up across the board wells fargo up by 8 bank of america and citigroup up jp morgan up mgm resorts up 10. 5 carnival up 15 . Airlines each up 13 all of those gains coming as there is hope there will be some time those stocks can get become to normal and people will feel comfortable. Thats the early trade also lets look at whats been happening i thought theme parks disney and comcast which is over 2 pretty big gain. Who knows whether it is displaced but it was on hopes of normalcy i dont think it is only moderna we are talking about there is four or five real pharmaceutical Companies Working on it. So just the potential you get and other data point where they say someone else has the success to we dont know what technique i dont know if it is mrna pfizer is working on the mrna technique as well. I
Edition of squawk box, which is starting right now. Good morning, everybody. Welcome to squawk box on cnbc. Im becky quick along with joe kernen and Andrew Ross Sorkin. Weve been watching with the u. S. Equity market and things are under pressure dow was down by 600 points on friday and adding to those losses today dow futures right now down by 273 points earlier this morning we were down by 350, so this is some improvement from a half an hour ago. The s p is down by 28 points the nasdaq off by 61 lets get rightto our big stor of the morning that is, of course, the Berkshire Hathaway meeting that was health over the weekend. Warren buffett speaking out about the Global Pandemic and his recent investment moves. This was a little different this year no crowds. Usually theres 40,000 people there. This time it was just buffett and Berkshire Hathaway Vice President on stable but his message was still received loud and clear. Buffett made the case that you should never bet against america, b
370 but did end the day lower. It was the first down day we have seen in five trading sessions well watch what happens today we have a fed meeting coming up. That will be the pla is to watch as we hear from the fomc later today. The 10year just below. 6 a month. This has been the best month for the dow in 18 years because we are coming off of march because that was the worst year for the dow in 22 years. You see these huge swings first down and then up what we are watching in the equity markets the one thing about 10 crude, every dollar it goes up, we could go back to 30 every day. Lets use the dollar every day that might not happen. Equities do seem to do better. Thats a lot of room to go. Maybe. But sooner or later, thats not good either. The move came after data from the American Petroleum institute. Showing that crude jumped. That was 600,000 barrels less than expected. We saw some wild swings yesterday all around these low levels 10, 11 14 today, as you can see market stocks gave
May have just been that chip on the jenga stack, if you will. Brian, if you want to think of it as a house of cards that was built by the policymakers in order to bail out the Financial System during the crisis, you know, one day a breeze came along and knocked over one of the cards andits bringing the whole house down. Well, the house listen scott, the equity market rose 13 this week. I understand, were still well down on the year seems like the fed has shored up the credit markets a little bit. It sounds like youre not believing that the bottom is in yet. No, i dont think so. I mean, brian, when we look at some of the data that were getting with Unemployment Insurance claims and so on and so forth, you know, it would suggest that, you know, were going to get to a place worse than the financial crisis economically unemployme unemployment, perhaps, around 15 , you know, and Economic Contraction for the year, lets say, maybe in the neighborhood of 10 these are pretty nasty numbers and w
In store for you. The passion with the mission a done of time he is putting a new guy in from africa on the general map and baking with the tradition bound to come from germany and talk about world wide. But 1st to helsinki and underground because you know a library with a free cinema and more the finnish capital is experiencing a real overhaul with more building projects than and the last 70 use the reason 10 per cent of the countrys population has moved to cities over the past few years the goal now is to make life there more attractive more open and inviting so how is helsinki rising to tell. Helsinki a city of the future hardly any other european metropolis has as much construction going on as this one some in finlands capital see it as a challenge many as an opportunity think you have in the recent years. Become more open and lively. There are more opportunities to experience culture and different things. Going on Library Going on people like to use public facilities mean a huge i