Rally has fed into crude. Propelled thates price. People look beyond the covid to a look beyond to a returned to normal. Gold pretty much stable appeared bitcoin at record highs. Up about two thirds of 1 . We have a u. S. Dollar index unchanged. Lets have a look at the copper price. Copper advancing. The highest price and a more than six years. It is under president elect joe bidens formal transition. The hope is there will be a move toward a Lower Carbon Energy future. That britain the outlook for its demand. As has what is going on in china up. Joining in all of that. Lets have a look at the transition in more detail as we get over to new york and join Karina Mitchell for the first word news. Introduced biden has his foreignpolicy and Security Experts as he seeks to calm relations with International Friends and foes. The president elect is promising a multilateral approach, reversing the America First tragedy of the Trump Administration. He will prioritize ending damaging executive o
The russell 2000, another alltime high, up 2. 1 . The s p 500 up a solid 1. 5 . Important is the cyclical reopening rotation we had happening in recent weeks, often it comes at the cost of tech but that is not happen today. The nasdaq 100 is up 1 . This is a bully lock cyclical rotation on the expectation of normalizing economy this is a goldilocks cyclical rotation on the expectation of normalizing economy. I know we have been talking about whether or not it will last. If we take a look at the sectors on the month, it does suggest the cyclical rotation is on the way. Take a look at energy, up 30 . Heading toward its best monthly performance ever. That is the foam oh buying we have around that is the fomo buying we have around energy, but also financials. We have stocks off to the races. Taylor is interesting as we talk about the reflation trade in the outlook for politics. We are looking at bond yields up three basis points on the 10 year, five basis points on the 30 year that goes in
Dozens of earnings. Softbank. Cus on nextn move it on to our terminal chart that shows softbank. They have said they will buyback 12 of their shares. Up more than 40 percent yeartodate for softbank. Dollar has been firmly in focus, given what we have been hearing from the fed. The index is down. 4 . Looking for a fifth week of decline for the u. S. Dollar. Gold is up. You have seen a little bit of softness towards the end of the session. Can it break above 2000 and stay there . Crude is at 40 a barrel, up. 8 . There is concern. Is a concern in terms of the pandemic. Point. Own one basis look at lets have a the first word news, kicking things off with the global coronavirus case levels. Passing the 17 million mark. All out with a Record Number of deaths. California had its second deadliest days deadliest day. Texas, hospitalizations dropped for a ninth straight day. Almost 10,000 people in the u. K. A earlystagen vaccine. Almost 1000 new infections in germany. The australians have a cas
Not a pretty chart. How concerned is the governor of the bank of england . Governor is extremely concerned. We also had forecast this morning from the ob are, the fiscal watchdog, suggesting unemployment is going to remain extremely elevated and is likely to rise into next year. That will make the governors job in the chancellors job very difficult. The real question is, where does the stimulus come from . Does it come from the treasury in westminster, or does it come from the bank of england . I suspect it will be the bank that does the heavy lifting, not the treasury. Both will have to do some, but the onus is going to fall on the governor. Tom this is the theme of surveillance today. Now that we drift to the end of july, the middle of july, we begin to see gdp data from may and june, the change to Political Economic dialogue. In new york city without first word news come here is ritika gupta. Ritika good morning. Vice president mike pence told u. S. Governors to protect their citize
Secretary of state, mike pompeo. He has spent much time with us this morning. The secretary and tremendous background. And at west point. Any was editors of the harvard law review. And lawyer, successful businessman. He was a captain of the army, and congress, head of the cia. And now secretary of state. Anyone of these accomplishments would be a major accomplishment for anyone of us. But he has them all. So with that i want to, welcome you again and handed the program over to our great editor bob who is now going to interview the secretary. Have a great day. Thank you jimmy and stephen thank you mr. Secretary for joining us of an adjustment to the newsprint just recently mr. Secretary, you said that u. S. May be on tiktok and other chinese apps print is this going to be a decision on that this summer. Foresaw thank you for having me. Thank you for that very generous introduction. Many, about tiktok. And we gotta go back to protect American National security. In this information the in