Million. And beyond meat, those shares are down sharply amid slowing sales, while mcdonalds launches a new plantbased product line carl well get to that later, guys first, jim, a lot to unpack with the covid cases, pfizer news, lilly news today, azar on squawk saying the timeline for a vaccine delivery is getting pretty specific now. Right look, were back in that same world and i listened to the fund manager speak on squawk, got to buy value and sell growth where were they yesterday whenle have you went from being okay to being overvalued in about a threehour session i find that when i look at some of the stocks that i like in the industrials, they have gone so far that i think now everything has to happen right and these arent going to happen righting. They are hostage to earnings Cloud Computing stocks, they have a lot of room to go down because theyre so high. When you look at faang, for instance, does it make it so alphabet is worth less the principle method of how alphabet makes i
A half percent. Another thing i am watching as the rnc tax policy. Toer this hour, we are going look at taxes and how they play into wealth inequality. We are going to do that with Dorothy Brown november university. First, economic data. Confidence, 84. 8, the market was looking for 93. Ist is a week number that a weak number. This tell us something about the stimulus debate, the employment market in terms of the present situation. That has weakened significantly from the 94. 2. The expectation number has weakened as well from 91. 5. We have an 85. 2 this time around. Newhome sales continuing to drive onward. The Housing Market showing no respite. Look at the lumber prices. Sales, 901,000. That is a 13. 9 permit very strong number. Consumer may be starting to show signs of weakness and concern. Lets talk about the market today. We have already indicated what we are seeing is stocks, global stocks continuing to push on very strongly. What is the excuse . U. S. Chinese officials holding
737 max reportedly set to return to the skies it is monday, june 29th, this is Worldwide Exchange right here on cnbc well, good monday morning, good afternoon, or good evening. Welcome from where ever in the world you may be watching us thanks for starting on cnbc. Lets get to the money on your markets and futures. Theyre upcoming off a fridays hair cut dow futures implied up 135 points the dow falling more than 700 points on friday dow and s p 500 look on track to snap two month win streaks although we could turn it around tech also taking a beating on friday but its still been a great run so far this quarter. The big 5 fang stocks up an average of 29 since april 1st all of this ahead of a shortened trading week the markets are closed on friday for an early start to the july 4th holiday. Hard to believe that were already approaching july 4th anyway, treasury secretary and fed chair jay powell are set to testify on capitol hill tomorrow with the minutes of the latest Federal Reserve me
Primarily focus on the coronavirus and what another round of stimulation such could look like. This is about one hour. All right. Good afternoon. Thank you for joining us. My name is cliff johnson, the general manager here at bloomberg government. I am actually delighted to welcome you to a 2020 springhill watch event. Hopefully by now youve all the chance to take a look at the newest addition of rock biannual hell watch report that explores what to watch on capitol hill across more than 20 different policy areas and, of course, this report also examines the effect of covid19, the need for related relief legislation as was both parties agendas and plans for 2020. Today were incredibly excited to build upon of a reporting ts expert analysis through conversation with a key lawmaker that is senator john thune of south dakota who was shared with us today discuss the current state of affairs. You can participate in todays discussion on social media by using the hashtag bgov want to be sure
3. 5 steve, were going to come back to you once the question is a little more secure we have other news on boeing for that well go to phil labeau the number is negative 86 planes that means year to date boeing has reported negative 602 planes in terms of therder book that means the official order book is now 4744 planes coming down from 4832 they delivered four planes in the month. Those delivers are partially impacted by customers, leasing customers, they say were going to hold off on a crew picking up a particular aircraft. Big number is negative 86 planes guys, back to you. As we watched boeings price action, but the state of the economy is a pretty good place to start now the thats denasdaq is setting alltime high. Great to see you again, spencer. Great to be here virtually. You could lase us in a couple great directions one is on housing. The other is on tech on both of those fronts are you seeing the fundamental recovery that we have seen in stocks . The market is far ahead of it