Hi im Steve Clemons and i have a question what would angela davis do lets get to the bottom line. My guest today is someone who is talking about fighting racism in defunding the police when it was considered way too radical she became a folk hero in the 1970 s. For standing up to the establishment in almost every way you can imagine she got fired from her teaching job at the university of california for being quote unquote too outspoken when she was one thrown in jail a movement of blacks and whites took to the street in protest until she was free musicians like the Rolling Stones and john lennon and yoko ono wrote songs about her and all that was before she was 30 years old this year Time Magazine chosen as one of the women of the century. And even nowadays a t. Shirt with her image on it made by prada goes for 300. 00 she is the one and only angela davis scholar activist and author of several books most recently freedom is a constant struggle ferguson palestine and the foundations of
Company holiday to the calendar. And he are everyone tz artz o raise serious cash thats all here on Worldwide Exchange on cnbc. Good morning, good afternoon, good evening. Welcome to wherever in the world you may be watching. Here is how the money, your markets are setting up their day. Stock futures indicating the dow is likely to rise at the open. It is early. We are in the green. We are 116 pointsto the future side as well snapping the threeday streak. It did during the second day o temperature. With that pull back, blue chips need about 1,862 to complete that selloff look at the wild swing after a relatively calm one. Watching the credit and bond markets as well. 10year at 0. 73 look at oil. New data that shows Venezuela Oil output has collapsed to 570,000 barrels per day. That is down from more than three plus Million Barrels a day. That is a 76year low in oil output for the most oil rich country in the world a true collapse of venezuela there. Wti crude is up to 38. 32 around the
Worlds attention will look at how Silicon Valley and the world of finance has really failed black people talk to the c. E. O. To fund black businesses. And state backed Cyber Attacks theyre nothing new but theyre also on the rise during the pandemic and the targets are the vaccine makers and the bar. These are i think we can all agree extraordinary times but zoom out and youll see the big picture is just as unpredictable were focusing on europe this week which is that a bit of a crossroads when you consider the pandemic as well as an expansive china and a retreating United States as we know President Trump has a habit of undermining his allies he surprised a lot of people by saying he plans to withdraw 9 and a half 1000 troops from germany and a decision to expand sanctions on a gas pipeline from russia to germany has been met with anger and belin. It is the rising threat from the east looming large not only chinas human rights record its aggression towards its neighbors but fears that
The dollar index is a strengthening a little bit. The dxy is above 97 today. Decisionmaking the 10 year yield at 70 basis points. Crude oil not going anywhere today. 36. 37 a barrel. Have seen an interesting two days. Equities having their worst day since march and much like march, any day we saw declines of 5 or more, we followed that with a rebound today. A lot of this we have seen play out in the session so far. I want to note that the european closed a few hours ago, we saw stocks fall below yesterday indicate investors taking some a risk off the table as we head into the weekend. See if a similar phenomenon happens at the u. S. Close. He said he is watching very carefully to see the gains on friday and again into monday. Speaking of risk and the willingness to take it, something we have been talking about is the willingness of retail investors. Of thosento some cheaper areas of the market like travel. That has led them to outperform hedge funds. They are more heavily position towa
As well as up. Romaine you really have to go back to the lows we were in in march. What was an improbable rally of 40 less on the major indices, even with the big selloff, if anyone used february and march as an entry point, you are still up 20 . Taylor in the last hour seeing this final hour of trading was crucial. To see yesterdays big selloff was or something indicative of more selling to come. This last crucial hour, really important to show us where sentiment is. Speaking of sentiment, look at this chart. I wanted to give you an update because we talked about the record low ratio on the put call back to the earliest this week back in nine years back to 2011. We got an update, the ratio is right in line with the one year average. Fear would be higher if the put call ratio was higher. You are not getting the type of fear perhaps we were starting to see yesterday. Lets take a look at the individual stocks that were moving, lululemon, i always want to see what is moving to the downsid