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
Pete said, better to be late and right then open up early and have the market start mismatched. David pretty good for journalism, too. Taylor it keeps us employed. Lets take a look at the markets. It has been a wild week. To comeready for alix back because i still need to recover from this. We are finally getting a bit of a lift with equity markets. Sort of recovering after a day of relief yesterday as well. 1. 50 percentow yesterday, recovering to 1. 55 . Year briefly hit negative on the 10 year at a record. At eurodollar. Not only is this a Dollar Strength story, this is a Euro Weakness to 1079. We are weaker on euro to 1. 1079. We are weaker on euro. David that looks pretty good to me. Taylor lets get a bloomberg first take. We are joined by bloombergs rachel evans and Brooke Sutherland. I just want to recap what a week this has been in the markets. Take a look. David and i were talking about the 10 year and 30 year bond yields, down 25 basis points alone for the week. Rachel, youve
musk scex spin up elon rocket company is planning on spinning off star link. we will have the details. but first, we take a look at how the u.s. market fared today. we are looking at another day of record highs in the u.s. at least on the s&p 500. another record high with a risk on tone. nasdaq leading the gains. another record there. strong earnings from twitter. the tesla ipo debuting in the market as well. the bond market telling is a different story. yields falling there as well. a 164. we are near the highest we have been since the quarantine in china was initiated, but there is a little more nervousness out there then the equity markets are telling us, and it is all about crude. up about 0.7%, rebounding for its second day. in those three days, up 3%. closing in on $50 a barrel. paul: there was a positive tone in the world. trading after thursday s public holiday, playing a bit of catch-up. already higher by better than 1%. we are expecting another good day of trade in