This is true but the one business show you cant afford to miss im bridge 4 in washington coming up without support bankruptcy in the next few days the fate of germanys Largest Airline rests in the hands of its shareholders we break down those bumpy ride apple is also looking to switch to self sustainability as it plans to ditch intel chips in favor of it so we dig into the details of the move and the latest innovations from the tech giant with a packed show today so lets go into it right in. And we begin with the big news from the Airline Industry as weve done as a peers set to risk. A 10000000000. 00 bailout from the German Government now this bailout package had been held up for several weeks as the airlines largest single shareholder dropped his opposition that shareholder billionaire businessman herman thiel had been threatening to block the deal as recently as last month his opposition though has faded as has found itself in a dire situation the airline lost 10300000000. 00 in the
Up 40. Tures dow futures well out over 400. Andrew sheetz of Morgan Stanley joining us imminently on this program. There are always things that preoccupy the minds of economists and things that Market Participants focus on. , the Market Participants looking at the continued positive Forward Momentum of. Forward momentum. Lisa i thought you were going to say that they were looking at the money printing banks. In china, seeing one of the best trading days and more than a year. In the states, very big focus on the virus, on the progression in the reopening. We are getting phase three in new york today, without indoor restaurant dining. That said, you can get your manicure, pedicure, and massage done, tom. Nine 45, we get a read on u. S. Service is that he for the month june. At 1 00 p. M. At the berkeley at the brookings institute, holding at event on how deep will the recession be. Goldman sachs downgrading think the expectation for u. S. Growth this year. Looking forward to catching up
Without support bankruptcy in the next few days the fate of germanys Largest Airline rests in the hands of its shareholders we breakdown new founds a bumpy ride apple is also looking to switch to self sustainability as it plans to ditch intel chips in favor of it so we dig into the details of the move and the latest innovations from the tech giant with a packed show today so lets go into it right in. And we begin with the big news from the Airline Industry as weve peers set to receive a 10000000000. 00 bailout from the German Government now this bailout package had been held up for several weeks as the airlines largest single shareholder drop his opposition that shareholder billionaire businessman herman thiel had been threatening to block the deal as recently as last month his opposition though has faded as has found itself in a dire situation. The airline lost 10300000000. 00 in the 1st quarter of this year at the companys Shareholder Meeting on thursday lou lou thousands of board ch
S p 30,038 russell out performing everything today lets begin our conversation, joe. Really want to use these last days of june to discussion where the money is going to be made in the next six months. First half is going to be in the books in a couple of days. Its been a turbulent one. We know that what do you think is in store for the next six lets talk about the last couple of days so we can look toward the final six months. A lot of complexity here first of all, you have the russell rebalance. You have a 10 decline in the last five days for facebook and the immediate question for me is does that have an impact on the Technology Sector. If i look at the sectors, technology is the only leading sector in the month of june. Are we going to get weakness here out of the Technology Sector i think that extrapolates further to more weakness throughout the summer for technology and there in lies your opportunity to take advantage of that orrection. How about the performance for the emerging
Surging this morning. Away from that, a jumble of news as we try to reframe for the second half of 2020. Francine we will look at the second half of 2020 shortly. Lets get straight to the bloomberg first word news. Morning. Accountd south america from is two thirds of a new coronavirus cases and the latest reports. The death toll in brazil has now passed 50,000. There were a record 4500 new cases until or near. Florida reported more than 4000 cases on saturday, also a record. Back in england, Andrew Bailey has signaled a major shift in the strategy for removing emergency stimulus. Tos stressing the need reduce the Central Bank Balance sheet before raising Interest Rates. He has an oped in bloomberg opinion. He says this would give them more firepower in future crises. The disappointing turnout at was just the latest warning sign for his campaigns. Criticismrshadowed by about the pandemic in the protest against police brutality. The president has fallen behind joe biden in National Poll