Nasdaq futures once again up 45 points. The momentum continues for tech. S p 50 down just a fraction after markets rebound yesterday with nasdaq ending the day at another alltime high. This is the fourth record high in the last 5 sessions for the nasdaq with gain of 118 points. The United Airlines could be cutting half of its workforce, half of employees. 2020 presumptive nominee joe biden said to announce economic plan today as Goldman Sachs warning of possible delay of Election Results that could slam markets, all expectations coming up. Plus push to Defund Police, biden says some funding should be redirected from Law Enforcement. Big cities seeing surge in Police Retirements as crime soars across the country, mornings with maria is live right now. Maria Global Markets look like this, the cac quarante is up 5 and dax index in germany higher by 152 points, one and a quarter percent. The government takes action to support an economic recovery with stimulus. In asia overnight green acro
Potential pandemic. Investors dont seem to care. U. S. Markets close out the best quarter since 1998 with the s p 500 up 20 . Gold is trading near 1800. Shery lets get you started with a quick check of the markets. We are seeing u. S. Futures opening under a little bit of pressure at the moment, down 2 10 of 1 . This as we just mentioned, u. S. Stocks finishing the best quarter in more than two decades. We are talking about a 20 increase in the last three months. We have the s p 500 seeing the best two days in about three weeks. All 11 sectors finished up. The dow underperformed a little bit compared to other major indices. A plunge in boeing. Terminating their purchases of all remaining jets on order. Take a look at what oil is doing. We have seen it gain ground. It is continuing to rise near 40 a barrel. It just posted its best quarter in nearly 30 years, bouncing back from that historic price crash. Really climbing from negative territory in april. Haidi yeah, it really is the histo
New york faang index. Of 4. 8 , surging. Amazon is above 3000 for the first time ever. Last week on the better Economic Data continuing into this week. David it is good news and i will take good news, but we are all worried about what you just talked about. Last time the shanghai went up this far this fast, it did not end well. Are we worried about amazon being that far over the 200 Day Moving Average . Abigail terrific point. The last time the shanghai putting a move of this degree, it went longer and further than anybody expected but ended in a 50 crash. Whether or not that happened in the shanghai composite or when it is probably the bigger question. When it gets this frothy, it is difficult to tell. Relative to amazon the stock is the march lows. Unbelievably overextended. This is nerveracking from the standpoint while you have the ultimate stayathome stock doing so well while the recovery sector of energy and financials are in bear markets, it creates the tension. It tells you tha
Although probeijing officials have said we should not be too concerned, it will lead to stability in the city. 7 . Sci asia pacific down it is certainly something of a riskoff mood, following off what we saw toward the end of play on friday in the u. S. The nikkei is down more than 1 . In the mainland, you have a bit of pressure as well a despite industrial profits up 6 coming in over the weekend for the month of may. On to the next board. We will be looking at the currencies. A bit of dollar weakness. On friday it reached its highest level in four weeks, but it has since come off slightly, leading to a bit of strength for the offshore currency here in china. The korean won is up about plan to 01 . On to some of the commodities we are looking at. Wti has been under pressure as the demand story as we focus on the rate of infections, 10 million infections, 500,000 deaths, you can see that it is lower today. Gold, science that investors are preparing to cross through 1800. 0. 64 . Year yi
Protection of undocumented immigrant children. He calls it, quote, a shotgun blast to the face of conservatives. Is june teenth marking marking e official day of slavery in the United States and Many Companies making today an official holiday, more on that ahead. Big tech taking on commander in chief. Campaign says its a symbol used by antifa. On campaign trail put joe biden far ahead of President Trump as the president bushes for more live debates before the november election. And america together, meet a High School Principal going above and beyond to make sure his students get their diplomas in person, mornings with maria is live right now. European markets on the rise this morning, gains across the board, 1 to plus side in england and france, close in germany. Investor attention turning to European Union 840 billiondollar proposed program to help economies rebound after coronavirus. In asia overnight it was buying across the board, gains on all 4 major markets there. President trum