Good morning, everybody. Welcome to squawk alley. Im Carl Quintanilla with jon fortt a fortt. Weve seen risk off behavior in europe we watch both covid19 developments and system husband hopes. Dohm is going to break this down to start the hour. We were down in the early parts of the session so far. Just after the opening bell. 300 point decline. You can see here were still hovering near. 75 decline for the dow and s p 500 about 1 p as it has been for the past couple months now, the nasdaq has really been the outperformer or underperformer on down days as you can see here. Continuing in that trend today 11,616 there 1. 25 declines overall take a look at the nasdaq so far, were still continuing to kind of hover near the record high levels. Not so far away from them right now. Finding some support over the last couple of months here with the nasdaq now down 1. 3 there still is a renewed focus on many of the Technology Names that are driving some of the action for instance, the momentum tr
Covid19 relief bill is reached. Can moderates in both parties save the day with their own version or are they too far apart to compromise . I will ask republican congressman andy biggss. That and sew much more coming up on making money. Charles so, folks the major indices bolted out of the gate this morning. There is still tentativeness. You see financials down, work from home stocks, trending a little bit lower. After a sharp pullback, in fact the fastest correction in nasdaq history, the question is, is the worst over . Plus key sectors of the economy continue their quick growth. Where to invest for the housing boom, the manufacturing rebound. Also this hot ipo market has many salivating but some wonder if it is good or bad news. So many questions, so lets get the answers. I want to bring in Devine Capital ceo dani hughes, bellpointe chief market strategist, david nelson and courtney dominguez, advisor pour payne capital. A group im not affiliated with. Dani is the worst over . That
U. S. Threatening any recovery optimism. Australia braces for the end of a record run. Gdp data showing whether the 30 year recession free streak is over. Looking at how markets are trading, u. S. Futures under pressure after stock markets in the u. S. And in most thats ended mostly positive stock markets in the u. S. Ended mostly positive rating. Friday. Oflly no real substance concrete measures against beijing. We have the dollar index falling friday, the declines continue on down. 2 . Monday, this as confrontation with china continues but after the s p 500 closed may on an up note and now at the highest level in more than 12 weeks. 1. 7 , about 35 a barrel level. This is the highest in 11 weeks and the biggest the klein in more than a week. Decline in more than a week. Russia and saudi arabia agreed to coordinate on the deal reached by opecplus to cut output. Seeing u. S. E futures falling. Upside holding on with futures trading in this part of the world. Nikkei futures trading high
District wonders how effectively schools can practice safety. While coping with a million cut from Public Schools because of the pandemic. We have just cant fall extra cleaning disinfecting during the course of any school day. So you know we really want to know what thats going to look like some that the state erspective. The federal government needs to step up that they want this economy to return to normal in any way shape or form they need our schools to do the same and the arts do that we need a lot more money. Members from the School Reopening task force are expected to share their early findings today during a Virtual Meeting with state education officials and leaders from californians a california, its 1000 school districts. Developing news, this morning, the university of california says that campuses will be opening in the fall despite the covid19 pandemic that currently is shut down most campus activities across the state. Joining us live now from ucsf with more on how this m
To accommodate the need for 6 feet of space between our students in their classes, hallways. And in common spaces. That could also include hybrid learning with some students in class while others learned from home. Answers in guidance could come thursday during a Virtual Meeting with state education officials and leaders from california is 1000 School Districts members from the School Reopening task force or expected this year there are early findings johnson psaki with oakland unified schools will be watching we imagine this is going to fall ppe for everybodys can imagine a physical distancing for everybody is going involve extra cleaning disinfecting during the course of any school day. So you know we really want to know what thats going to look like some that the state perspective. Psaki says the district is working on a plan of its own but is looking for leaders to step up to provide more guidance. So lucky says with 35 million cut from the budget because of covid19 on top of the 2