Tenyear 91 basis points one more way in which the economy in this case has confounded some and the markets had it right yeah. There wasnt a day that we came in and we heard from very big people, rich people, Hedge Fund Managers saying this is ridiculous its fanciful, that the rally itself was uninformed. I admit, look, there were parts of me that said are you kidding me, every morning the airlines will be up big when very few people are flying . It turns out that the hiring took place in the areas that we felt were most devastated. Retail, travel, leisure. And its remarkable because when youre looking for 20 and you have all your scripts all set to talk about the beginning of the next great depression, and then you get the actual numbers, it kind of knocks your socks off. You struggle to think why did we hear so much woe is me the other side says we heard it because 13 is still unfathomable, but its certainly more fathomable than 20 so, i dont know its good. It is good. The president r
Markets. All i have to say is, what a risk on rally we are seeing. The mystic stocks are the big out performers. The russell is outperforming the s p 500 for five straight days. Lift up of 10g a basis points on the 10 year, the highest since march 19. I cannot remember the last time i saw a 90 basis point print on the 10year. Further weakening on the dollar, weaker for seven straight days, nine of the last 10. You wonder what that means for the fed Going Forward. Lets get perspective from kailey leinz. What do you take from this market rally . Kailey i want to start with technology. The nasdaq composite is set for a record close, as is the nasdaq 100. If we can see how that index has performed this year, it is like this a lot never have been. Now 2 above the record close in february. You can bank microsoft, amazon for those gains that we have seen. Positive by now 12. 5 on the year. It is not Just Technology outperforming. It is the more cyclical growth sectors that are leading the way
Under to welcome somebody extraordinary nursing professionals as we celebrate their tional nurses they especially cation in the White House National nurses day is a moment to one of the people on the frontlines of the pandemic. Dont trump is here to say thank you and sign a declaration well the necessary a look here laurie as he turns to the press a Reporter Asks a question about the economy in his answer trump turns his fire on china framing the spread of the coronavirus like a military attack this is where the worst attack weve ever had this is worse than pearl harbor this is worse than the World Trade Center its never been an effect like this. And it should have never happened could have been stopped at the source could have been stopped and show that it shouldve been stepped right at the source. And it was of course were all used to donald trump mouthing off thats his trademark but this is important this matters to all of us whether you live here in europe or anywhere in the world
Especially cation in the White House National nurses day is a moment to one of the people on the front lines of the pandemic. Dont trump is here to say thank you and sign a declaration well that messages go to look here laurie as he turns to the press a Reporter Asks a question about the economy in his own so trump turns his fire on china framing the spread of the coronavirus like a military attack this is one of the worst attacks weve ever had this is worse than pearl harbor this is worse than the World Trade Center theres never been an attack like this. And it should have never happened could have been stopped at the source could have been stopped in chota it should have been stepped right at the source. And it wasnt of course were all used to donald trump mouthing off thats his trademark but this is important this mass is to all of us whether you live here in the. Europe or anywhere in the world the 2 most powerful countries on earth a slipping deeper and deeper into a profound form
Nasdaq was up 62 and s p 11. Last Economic Impact of the virus as more businesses look to reopen a new report revealed it could take ten years for the u. S. Economy to recover from the pandemic, mornings with maria is live right now. Maria Global Markets this morning are moving higher, cac quarante in paris is up 86 and dax index in germany 406 points, 3 and a half percent higher, dax in germany rallied after being closed for the holiday yesterday. In uk Small Businesses hit with coronavirus, borrowed 26 billion through month of may. Check asian green across the board, take a look, kospi better than 1 , best performer was in japan up 1. 9 . Now some of the top stories that we are watching this morning. Chaos despite curfews, americas largest cities still talc victim to looters even as police and the National Guard ramp up presence across the country, protestors forcing into macys Flagship Store in new york city overnight. It had been boarded up. 3 people have been arrested so far. Loot