Employees. Bank of america and Morgan Stanley among big banks reporting. Dow component Johnson Johnson right here. Futures in the red. We are standing by for retail sales and jobless claims this morning at 8 30 a. M. Eastern. Stocks edging higher, Investor Sentiment over covid19 vaccine pushing markets into the green. The dow industrials up 227 points, nasdaq up 62 and s p up 29. The state of travel today airlines in the midst of a sharp downturn as pandemic fears keep travelers grounded at 7 30 a. M. Eastern ill be joined by ceo of delta edward bastian. Plus this, drink up, how moderate Alcohol Consumption can protect against cognitive decline. Mornings with maria is live right now. Maria european markets on the decline. Standing by for the ecb decision for the next hour, rates are expected to stay unchanged. Ftse 100 is down 36 points, new data this morning from the uk shows half a million workers were furloughed in the month of may. Thats in response to the pandemic shutdown. This m
U. K. Announced it will reverse its decision to work with weiwei on monday the country announced it will move to ban the tech giant from its 5 g. Network by 2020 summit Rachel Blevins joins me to break this all down rachel whats what are you paying officials saying about the move where you the u. K. Is quarter secretary was the one who made the announcement and he said that not only will the country not be working with wall way to establish its 5 g. Network but it also plans to Ban Companies from purchasing equipment from wall way by the end of this year take a listen to what else he said earlier the government agrees with the National Cybersecurity sense advice the best way to secure networks is for operators to use the new 52 to one way to prevent to build the new case future 5 networks so to be clear from the end of this year Telecoms Operators must not buy any 5 to equipment from her wallet and once the Telecom Security bill is passed it will be illegal for them to do so. Now this
Or the rest of the world. With Earnings Seasons coming up and a few key Economic Data points later this month, how confident are you in the economic recovery . Great setink we had a of economic figures really since midmay through june when the reopening story was gaining the most momentum. Reports,o great jobs pmi, sales, housing data, all to the upside. Economic price indices we follow are in the u. S. Now at alltime highs. That being said, i think we may have a time of slowing in perhaps in the weeks ahead as Economic Data plays catchup with what we are seeing in the country with a slower reopening broadly. So the job state of this past month captured the time from midmay to midjune. The next jobs report will capture midjune to mid july, when we started seeing thoses likes and those spikes and a pause in the reopening. As you mentioned, we also had earnings starting in earnest next week july 15. From an earnings perspective for two to we are seeing downward for q2, we are seeing a do
By the United States of america. You go out and look at all the speculation. I would suggest right now it is speculation about what china will do, but there is no speculation that they will do something. Jonathan there is a broader story to acknowledge, whether it is the economy and trade, whether it is foreign in the , the commonsea denominator is trust and the lack thereof. You see it playing out more in the last couple of months. Tom it is worldwide. SyrIan Duncan Smith was on. Ir Ian Duncan Smith was on there is a Global Messaging here about china and what to do with their economic and military assertiveness. Jonathan for the equity market, we are down just eight points on the s p 500. Market participants dont know what to do with that story. This has been the take away for the last several weeks, every time we see a headline like this. We come back pretty quickly. Lisa trade tensions were a tear bleed through into the economy. Result, an unclear less fuzzy result that we are is th
This is the bus the one business show you cant afford to miss on fairmont in washington coming out Senate Republican unveiled the much awaited counter proposal on another trying to fire a stimulus package but it doesnt come without democratic critics that. Its frustrating because they did their work 3 months for now would steer various very serious cliffs that hurt lots of people. And us and australia officials are holding their annual summit on tuesday but china is expected to be a primary focus for those discussions we have a patch so today so lets go and dive right a. Big stimulus this week as the g. O. P. Rolled out their new one trillion dollar krone virus relief package bill on monday Senate Majority leader Mitch Mcconnell unveiled that plan dubbed the heels act. We manage Senate Republicans ministration have been consulting over the last few weeks to come up with a realistic proposal. With what we think is an appropriate amount of Additional Debt to be good to the economy at thi