Gold breaking out, comfortably three 2000. Lisa which is interesting because you are getting a risk off deal. You are getting a risk on feel. The private payrolls expected to have a modest rain at 8 15 am, not including the state and local government jobs, which are expected to state weaker performance. The financingget plans from the treasury department. At nine 45, we get u. S. 9 45, wepmi data at get u. S. Services pmi data. Jonathan lets get straight to the price action. We wake up from the tuesday snooze fest with some moves. The euro out to 1. 1834. Yields lower yesterday. This morning, up to 0. 53 . Thats the price action. The question of this morning in the keene household, in early september, tom keene has arranged for a day off. 29. 99 on spending mulan . Tom we celebrated the Disney Release last night by 2. Atching frozen not as good as the first one. Jonathan i saw the big news up front early this morning. The trading week does begin on a wednesday. The data coming out late
We are just crawling back to flat on the nasdaq. P half a percent. Big moves in treasuries, if you can call it that. Except two basis points on the 10 year. The dollar index relatively unchanged, although other currencies have seen strong swings against the dollar this week. The mexican peso stronger by. 4 . Yen also stronger but are 3 . Lets stick with treasuries and the relatively large moves this week. The industry has more than 12 trillion of assets but record low yields on treasuries are causing a problem for the industry expected to deliver annual returns in the high Single Digits. For more on the subject, we welcome brian chappatta. It seems like maybe once upon a time but right now nobody has an expectation of high Single Digits for their 401 k s or Pension Funds more general. You are not getting it in treasuries. When i was talking about pensions staying away from treasuries, the 30 year bond yield was at 1. 4 . Morning, 1. 24 this which is rare in the fixed income market. Tre
Actually expanded for the First Time Since february. A little more good news out there. All of this is coming as the Trump Administration implements the 1. 2 trillion trade agreement with mexico, canada, the usmca, and they are working on a new phase of stimulus to help the u. S. Economy recover from the crippling effects of the coronavirus pandemic. And right now, here we go, blake burman, got a chance to talk to President Trump just moments ago in a wideranging interview. They touched on everything from the stimulus plans ahead, jobs, record markets, wearing masks, and of course, his 2020 opponent, joe biden. Blake burman joins us right now live with the full interview. You will see it right here for the first time on fox business. Blake, take it away. Reporter yeah, i spoke with President Trump over here at the white house for about 12 minutes earlier this afternoon. As we stand here on july 1st, the new month, we talked about a host of topics. July of course when the Trump Administ
More in payroll pay. And ford unveils the new f150 with new options including handsfree driving it is friday, june 26, 2020. You are watching Worldwide Exchange on cnbc. Good friday morning. Im dominic chu in for Brian Sullivan we are seeing a bit of negative activity right now, the s p is implied lower by about 12 points the dow would open down by 170 and down another 14 points for the nasdaq this represents moves off the low so far on the treasury yield side of things, we are seeing movements across the yield curve slightly lower at 67 basis points or. 67 ticking higher at 18 basis points or. 18 there the fed announcing it will force big banks to suspend share buy backs and cap Dividend Payments for the Third Quarter. The firms must resubmit their pay back plans the fed found several banks could get too close to capital levels amid the pandemic induced slow down. Shares of nike, dow component as well the company posting an unexpected loss. Was hurt by Retail Store Closures the wholes
Platform, facebook shares are plunges as the cash cow of an advertising machine takes a public hit dow is down 750 coming up on todays show, a recession unlike any weve seen before the imf shocking the Investment Community with a huge negative revision to the forecast we have an exclusive interview with the managing director of the imf. You do not want to miss that lets focus in on the big stories with 59 minutes left of trading. Mike santoli following the plunge phil lebeau tracking the fall in Airline Stocks the ceos meet at the white house today. And meg terrell has the surge in coronavirus cases and rethinking of the reopenings happening across the country lets start with you, mike, on the selloff. What are you seeing . Well, sarah remember back in february, march, almost every friday it seems like the market backed off. A little nervous what might come over the weekend it feels familiar with that today. In the context of what june is, a corrective phase its been training in a rang