Conference. I still dont have a time on that. All of the other news flow, minneapolis, this whole twitter flap. To me, what is extraordinary is june beckons. Nothing is more front and center for me beside the june 5 jobs report. 41 million is where we are unemployed. To me, that is the dominant crosscurrents right now. Jonathan youve picked up on this again and again over the last couple of months. 20 could be the Unemployment Rate when we get the numbers next week. We talked about next steps on fiscal policy. Ive heard little this week on that topic. Tom Henrietta Treyz was brilliant on this in the last hour. When do they help the states . What is fascinating is the federal government doesnt help the states until there is a crisis, so theyve got to wait to see four or five states say we are in a crisis, we are running out of money, do something. And then i guess it all happens over a weekend. Jonathan i think most would say it is likely that is going to happen. Some would say it is in
Disinformation and propaganda, President Trumps rhetorical assault on beijing steps up a gear. The u. S. Senate passes a bill to the last Chinese Companies on european and delist Chinese Companies on european indexes. The bank of england president said get of rates are not being ruled out. Plus, cut to junk. Angela merkel says a decision on the lufthansa bailout should be expected shortly after the German Airline becomes the latest to lose its Investment Grade status on the s p. Take a look at futures this morning. We do see losses in futures. Euro stoxx 50 futures down a little bit more than 1 . 0. 6 6 . Ures falling we see drops on u. S. Futures, as well. S p, and nasdaq futures all down by more than 0. 5 . Anna, the gmm . Anna lets have a look at the gmm. Quite a mixed picture in the Asian Session after some gains in europe and the u. S. Yesterday. Lifted in part by some better corporate reporting in the u. S. We see a little bit of nervousness around geopolitics and the ongoing ten
More green shoots are being seen in the American Economy. Well he show them to you. It is monday, may 11th and this is Worldwide Exchange right here on cnbc good morning, good afternoon or good evening, welcome from anywhere in the world youre watching im Brian Sullivan thank you for starting your week with us here on cnbc lets get a check on your monday morning futures. Dow futures up just about 40 points we are coming back backtoback solid sessions for stocks, the dow was up 450 points on friday. And it capped off wall streets first winning streak in nearly a month. Even thousagh it is early mornig this may be the most eyeopening stat youll hearle all day with the recent rebound the nasdaq 100 is now only 5 from its alltime high. Onethird of that index is up 25 over the past year think about that, folks. A Global Pandemic, nearly global lockdowns and the nasdaq 100 just 5 from alltime higher oil reflecting a more optimistic tone lately. Around 24 a barrel. Down 3 but well off its low
But im good and im back. Tom we are thrilled that you are back, and this illness is something, whether it is the flu or covid or whatever. Betsy grace at Morgan Stanley yesterday, and she said she is focused on the original moment we had in earnings yesterday. We will see that with j. P. Morgan and wells fargo. As you mention in your opening, the major thrust here, country to country come is on lockdown, and if and when anybody can really wish country to country, is on lockdown, and if anybody can relinquish the quarantine on society. Francine we will have a full round down rundown on the possibility of a vaccination, but we are nowhere near that yet. We also have to look at antibody testing. Lets get to the bloomberg first word news in new york city with viviana hurtado. Viviana President Donald Trump hopes to reopen the u. S. Ahead of schedule. The president saying within days the administration will issue guidance for governors who want to relax social distancing practices. The pres
Investors say there is little chance of warding off a recession. The bank of japan is next. Governor kuroda may be more aggressive as the virus further weakens the economy. U. S. Futures start trading in the negative right now. Under pressure right now. 3 percent. Even after we saw the worst day since 1987. Forident trumps travel ban europe not today well with investors. Take a look at what we saw throughout the session. It was an incredible day on the s p 500. The fiveminute trading. If you can switch up the board, you can see what happened throughout the session. We were down 7 . We did see a little bit of a bounceback around 130 when the fed came in with surprise Market Operations. We have the fed ramping up measures to help the markets and liquidity with more than 5 trillion being promised. 1 30, that Center Markets a little higher. That did not last long. You can see how the 10 year yield did manage to pervak some lower,e but it was still around. 8 . The same thing for the u. S. D