Im steve clemons, editor at large of the hill thank you for joining us for covid19 and a responsible rx supply chain, looking at the resiliency of the Prescription Drug supply chain during a global pandemic. Id like to thank the distribution alliance. The coronavirus pandemic has upended our lives and forced the new normal upon us. While accommodations can be made for our lifestyle choices theres little legibility when it comes to our health care. For those most at riskexaccess to regular medication isnt a choice and in some cases its a matter of life and death. Both the Healthcare System and patience have changed their behaviors. As a consequence concerns have arisen regarding drug availability and shortages. What are stakeholders doing o to ensure that disruptions do not occur and there is collaboration between the public and private sectors and what plans are being put in place for distribution of this vaccine once it becomes available . We discuss all of this with some of the smart
Thats the anxiety indicator, if you like. This morning, the yield is back up to 1. 00 . Ashley back up. Stuart back up, thats right. Well above the extraordinary lows that we hit yesterday. That would be record lows that we did touch yesterday. 1 even on the tenyear treasury. How about the price of gold, another flight to safety. Actually its down again, off two bucks at 1641. Okay. The primaries. A great night for joe biden. He won nine states including texas. He now has more delegates than bernie. Sanders did win california, but late deciders swarmed to biden. Bernie might not have won california if the two million early voters had just waited. Bloomberg did very badly, only winning American Samoa. His campaign is quote, evaluating its future. One of my colleagues at fox said never had anyone spent so much to achieve so little. Elizabeth warren, ultimate disaster, third in her home state of massachusetts, fourth in her native state, oklahoma. It was joes night. Hes back as a contende
With a trade war truce near . President trump saying his upcoming meeting with president xi will work out for both countries. Stocks set to rally at the open new records within striking distance the s p closing out its best first half since 1998. And playing down the trade risks, nike delivering strong revenues in the Fourth Quarter, customers buying more sneakers and sports gear and china sales surging. First up, the markets. Stocks getting ready to wrap up a strong month the s p 500 on track for its best june since 1955 for the dow, best june since 1938 heading into the final session of the first half, all three major indices are up double digits year to date, led by the nasdaq with a 20 gain europe is higher this morning, hopes are building for g20. You hear superlatives like that, best june in decades, is that a bullish thing . I think it is net bullish the duration, the strength of the recovery, im looking at this on a ninemonth scale, okay the Fourth Quarter was one of the worst
And in the luxury share, shells in bur berry sell off like theyre going out of fashion. They post a 34 drop in quarterly profits, the ceo warning of weak demand in key markets. And mixed fortunes for europes lenders as they post a 6 share but the bank posts a drop. President trump hitting china with new tariffs. The white house is sending a clear message to beijing. The message to them from us would be the same message they would give us, which is were going to protect our workers, and were going to protect our sectors of the economy that are being attacked basically by the prc. Welcome to this edition of street signs. Speaking about growth demand for this year then, theyre forecasting there will be growth, but thats about 140,000 barrels a day to around 1. 1 Million Barrels a day according to their monthly report. Theyre saying theyre referring to its lower 2024 growth demand for the whole year. They say weak deliveries notably in europe shifted their First Quarter demand into contrac
Yarn about a letter hidden in plain sight that nevertheless cant be detected because people just arent looking for it in the right places. We see the same thing happens with this market pretty much every day now. Great bull stories passing unnoticed right in front of your eyes. Today was no different. Even as the dow dipped 16 points, s p declined 0. 16 , nasdaq actually closed up albeit fractionally. Let me give you some classic examples. When investors try to figure out why stocks should go up, they begin with the presumption that the United States is a service economy. Since twothirds of our Gross Domestic Product depends on individual spending. But heres the problem. The big time portfolio managers, they dont see any real strength in consumer spending. They dont see it with all the retail store they follow. They dont see it at the restaurants they cover. They dont see it in the home sales. They dont see it in the shopping center, shopping mall, or strip Mall Real Estate investment