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First lets go right to bob pisani for more on the market selloff today. We are off the lows but just barely 3366 was the low today, 3381 right now. Lets not quibble about a few points the damage is pretty widespread, but the general theme is cyclical stocks and stocks most associated with reopening stories are having a tough time of it. Energy, oil down about 3 at 1 , banks, which had a good time last week not starting off the week well, industrials, another cyclical group and defenses will sectors like utilities and staples all down sap dropped as much as 21 over in europe here they cut their revenue forecast for the full year they expect a fresh wave of lockdowns to hurt demand through the first half of 2021 first off, first half is alarming but just the idea that general airically t general ai generically, people are betting its a broader more than stock specific so we have no stimulus right now of any term, near term, long term, any term we have a reopening story thats going rather
New-yorkUnited-statesTennesseeUnited-kingdomTexasChinaFloridaBostonMassachusettsItalyPennsylvaniaLibyaOvernight that washington could be delaying easing up restrictions on huawei as part of the trade war deepening tensions potentiallimentpotentially ment and we have the s p 500 and the dow coming off some highs yesterday. Overnight in asia, we had some interesting news out of japan. Theyre changing the way theyre buying maturities across the yield curve. We have the nikkei higher by 0. 4 we have red arrows on the hang seng and shanghai. New china data overnight that showed food prices surging 9 , largely in part due to a surge in vegetable and pork prices european equities, down arrows across the board the dax is down by 0. 9 . Treasury yields, this has been the focus all week, yesterday the intraday on the tenyear yield was 1. 793 we are seeing extraordinary moves on a daytoday basis. Getting close to the twoyear feeling it feeling it feeling it little resecessionary feeling i. We have one other piece of Corporate News to bring you. Uber shears undehears unde s uber shears undhares un
GermanyNew-yorkUnited-statesJapanShanghaiChinaHong-kongWashingtonIowaBeijingMontrealQuebecDeadly biker gang brawl in waco texas. A memo to Law Enforcement warns that the two gangs have been instructed to arm themselves and travel to north texas. Police sergeant w. Patrick swanton spoke and said he is ready for them. We wont talk about what were doing. Well just say that were prepared and able to handle any threat that comes towards us. Kyung la is in waco. I understand you have some news. Yeah were learning from the county sheriff is that the bond for each of the people arrested and being held that bond will be set for 1 million. Not for all 170 people. 1 million each. Thats the plan right now. Were a little unclear on whether or not the magistrate has approved it for every person but we can tell you, the sheriff is telling us that they are planning on each of these suspects having to face a 1 million bond, don. That is high. You spoke to one of the bikers who organized sundays event at twin peaks. How did he explain the brawl . What he said this began as a multiclub event.
New-yorkUnited-statesLouisianaEl-pasoTexasNevadaNormandyGeorgiaPhiladelphiaPennsylvaniaFloridaMinnesotaHere it is the 37year wait ask over. American pharaoh is finally the won bob costas about to fall out of his chair. The story behind the incredible victory. Fox friends hour one begins right now. Oh, welcome to fox friends on this sunday morning. This is the beginning of National Safety month, and so show you can associate with safety its fox friends. Theres no other show that decides to put a pool outside. Heather childers is with us this morning. We have a pool outside. We have got lots of pets. Do i have to be dunked in the water or be in a mud race . We didnt ask answer your questions because surprise is what were all about. Its great to see you, heather. Did you happen to watch yesterday . Hopefully we can watch history. American pharaoh won the triple crown at Belmont Stakes. Watch bob costas call. Here it is the 37year wait is over. American pharaoh has won the triple crown it was Victor Espinosas third try. Janice was actually there . What was it like . It was magic. I was ther
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