Please social distancing bluetooth apps and you are supposed to help with Contact Tracing a brave new world perhaps but expect save the technology has serious folders plus pushes ahead with a tense president ial push despite a coronavirus operate versions choose a replacement for the nations longtime leader amid worries about postelection violence. Hello im christine will welcome to the program cycling has hit northeastern india and bangladesh where millions are hunkering down in emergency shelters the massive storm is packing dangerous Hurricane Force winds and Authorities Say it could trigger a devastating floods along the low lying coast war shes also worried about the spread of the current virus in psycho and shell says where they say social distancing is impossible. Howling winds and driving rain cyclon unleashed its Formidable Force as it made landfall. The storm 1st touched down in the indian state of west bengal the coastline there and neighboring bangladesh a bearing the brunt
All of faang higher with names like paypal up 5 today. We have two bad final hours of trade over the last two sessions and we have sold off over the last couple of hours off the session highs as we stand. Ahead on todays show, well speak exclusively with Thomas Barkin on the heels of another massive jobless number why he says we may be at the bottom of the downturn he just said that on a podcast about an hour ago. Plus, former treasury secretary, jack lew, will join us to discuss the governments tuss efforts and whether cash is going to the right places and the countdown to another big afternoon of earnings. Uber, roku, dropbox and trip adviserme adviser. Well bring you all the numbers you need the know as soon as they hit were off the session highs. Dow high was 430 points. Up 206 just shy of a percent s p 500 and nasdaq still up more than lets focus on the big stories mike is tracking the market rally. Meg has the latest on moderna jumping on news surrounding its vaccine candidate, b
Under pressure after a big rally for a couple of days. That part of the risk asset trade, falling, pressuring stocks a little bit overall. Oild boil clearly clearly is important. Talk to us about u. S. Treasuries. We are going to have to borrow an awful lot of money and its putting the treasuries under some pressure. Abigail Something Interesting is happening. The announcement came out that treasury is going to be a lot of issuance at the long end of the curve. Longer bonds are selling off. The two year bond is rallying. You have this steepening for the yield curve, which is healthy. Some saying this issuance toward the long end is to steepen the yield curve, normalize it, so to speak. This steepening yield curve could create some of the stock we are seeing for stocks the chop we are seeing for stocks. That a steepening yield curve after uninversion last year we did have a brief after an inversion last year, we did have a brief inversion. Theres more issuance at the long end of the cur
23. 60. The other big news today was adp employment. 20. 2 million jobs lost. Interesting to see the crude market and the equity market going in two different directions. In europe, they are not here in europe, they are not. The pound is also trading down by around 0. 5 . We get an announcement sunday on lifting the u. K. Lockdown. Brent down by 3. 5 . We are seeing incredibly grim data from around the world. The European Commission economic forecasts were absolutely horrible. The services pmi data was absolutely horrible. It just continues to come and come. Obviously, we are waiting to see what we are going to get friday. The adp number not exactly a great story. It looks like the unemployment number friday is going to be horrible as well. Vonnie lets get to our first guess on this right now. With states lifting restrictions and President Trump insisting the economy has to reopen, even at the risk of more infections, we are seeing really deplorable jobless numbers. Look at the chart d
North korea, but that is where the mystery starts, doesnt it . Francine it is a mystery. You have conflicting reports. Doctors are saying he is back to work and some in the u. S. Say he is in Critical Condition. There is no clear succession plans and authorities around the world including the u. S. Are trying to figure out who is next in line or do you have some military coup detat taking over . All eyes are what is going on in the oil market, june wti oil to 11. 17 ang 49 barrel. Crude,e plunge in brent 19 a barrel on the global oil price. Right now, 20 1. 81 on brent de, an extraordinary shift 21. 81 on brent crude, and extraordinary shift. Viviana speculation about the health of north koreas leader kim jongun. Inicials getting word he was Critical Condition after cardiovascular surgery. The white house reportedly was told mr. Kim took a turn for the worst. Recent6 and missed holiday celebrations in pyongyang. Issue anump plans to executive order suspending immigration. He tweeted th