Industrials, financials leading the way. Energy up 8 . David, if you can believe it, oil has been all over the map, the energy index nearly up 100 since its march low. So investors all in on the day, david. David abigail, they may be buying the news because they didnt have a rumor. Abigail yes. David possible rotation out of bonds. Are peeping leaving bonds because they like equity so much . Abigail they are. The 10 year yield is backing off the most ever, up about 28 basis points on this week, david. Oday alone, nine basis points. Inverse to price so that telling investors going out of bonds and that money today does certainly seem to be going into stocks. Whether or not that dynamic will continue, money out of bonds and into stocks, is to be seen. But if it does happen and today it appears to be happening, it could suggest that there may be another leg to this most heated rally ever. The s p 500 up 40 into today, a forecasting tool on what proved to be a very promising jobs report, e
Higher by 35 after the s p snapped a fourday winning streak yesterday, the dow, nasdaq and s p 500 still on track for third week on gains this week, boosting the American Economy, the white house working on another round of stimulus reportedly to the tune of 1 trillion. We will talk about it. Meanwhile protestors taking to the streets for a tenth day in a row, mostly Peaceful Demonstrations happening from coast to coast as memorials are held for george floyd, clash of tech titans, elon musk is calling for the breakup of amazon. Meanwhile slack and amazon are joining forces to take on microsoft. Joining me at 8 50 eastern on powerful alliance. Getting make back to work, universal orlando opening gates to public and nba has plan to return july 31st. Mornings with maria begins right now. Global markets this morning with firmer tone, take a look at european indices right now, the cac quarante in paris is up 106, better than 2 and dax index in germany 213 points. European markets closing ou
That shape which would be very good news. Taking a look at some stocks, apple as you mentioned alltime highs, adobe, amazon, microsoft, all close within 3 of alltime highs. Thats a range of different kinds of stocks. Apple and microsoft are the two most valuable stocks that i track, two of the most valuable companies in existence right now. Adobe had been more of a kind of growth momentum play type stock despite fat k despite fact its big and strong and has strong growth. For that to be as close to high as it is and up nicely this morning as well, serge sacertais something morgan. Weve been talking about it all week, the rotation into the stocks and sectors that are tied to this reopening narrative that were seeing play out across the country and really across the world in general perhaps unsurprising to see airlines, leisure and hospitality, banks and financials, the type of stocks leading the market higher today, even though from a sector standpoint in the s p every sector is in the
Said chairman says this is fine because its fine this is food thats fine. Thank you again. Well this is fine you know the only solution they seem to have over and over is more money printing and the fed is at that again nonstop since 2008 really as paul says fed policies will absolutely not lead to more income inequality this is what he claims last week while cities across america were on fire and notice that he said income inequality you know money printing does it causes asset prices to increase and tech Capital Gains to increase he didnt mention that he didnt mention the wealth gap so i did want to turn to a chart from pew and it shows the share of us aggregate wealth since 1983 to 2016 this is what the fed has been doing this is the upper income went from having 60 percent of all wealth in america back in 1903 to 179 percent and its probably much higher even now middle income has been the huge collapse as you see down from 32 percent to 17 percent so theyre nearly cut in half well
I know their guys are this is a kaiser report. Why you bargain. Well here are the bullet points for those of you at home keeping score. Cities are on fire. 40000000 unemployed in america g. D. P. Of the climb by 50 percent in the 2nd quarter. The velocity of money is dead. Small businesses are dead. And j. P. L. Said chairman says this is fine this is fine this is fun thats fine. Thank you both again. Well this is fine you know the only solution they seem to have over and over is more money printing and the fed is at that again nonstop since 2008 really as paul says fed policies will absolutely not lead to more income inequality this is what he claimed last week while cities across america were on fire and notice that he said income inequality you know money printing does it causes asset prices to increase and tech Capital Gains to increase he didnt mention that he didnt mention the wealth gap so i did want to turn to a chart from pew and it shows the share of us aggregate wealth since