59 minutes left to trade, kayla. And that green screen is not something we have seen in a while. We have a big show ahead today on closing bell. A big deal for big steel well talk to the ceo from Cleveland Cliffs and his outlook on the economy later, sneaker startup all birds scoring 100 million in fresh funding. Valuing the company at 1. 7 billion the coceo will join us to tell us how his Company Plans to spend that cash and well have that later on in the show. Lets focus in on the big show were tracking to days rally. Theyre covering the latest tensions in the tech cold war with china start us off on the Broader Market and what youre seeing behind the scenes today. Yeah. Market making the case that last weeks lows and got some traction near the levels its not Something Else tachlt a look at the s p 500 year to date all the indices have a similar look with different mag any tudz we were talking about this level for a long time. This is where we hit the lows a few times last week aroun
A big upgrade. We will find out what makes it stick out in that big social media space. Plus, petes got a fast pitch on one medical device maker he says could be a home run. We will tell you what it is as he lays out the big case thats medical miracle mystery chart. In a special bonus hour of fast money at 6 00 p. M. Eastern time, we are taking your burning trading questions. Tweet us cbs fast money and you might get them answered here live on the show in the next hour we start with that monster rally on wall street today the s p up more than 1. 5 and the dow jumping over 400 points as you can see there the nasdaq also up nearly 2 leading those markets Higher Energy stocks, financialis and the small caps as well investors appearing hopeful a new deal for stimulus is town the pike markets still down significantly for the month. Does todays action give you a reason to perhaps be more optimistic and for that perhaps, guy, i will turn to you first. Welcome its always wonderful to have you
Face, quote public and private pain after choosing to exclude huawei from the roll out the treasury surges and jamie dimon says the future path is uncertain. We dont know we are very clear, i think, you will have a much more difficult economic environment Going Forward than you had in may and june good morning. Welcome to street signs. I want to take you to some of the market action. As we opened up, we were very strong very little in the way of red ink. More moving on to the charts, it has been an interesting section as we we up the potential for another vaccine for the coronavirus very mixed reports from profit hit of covid19 and the lockdowns and some of the outcome it has been a mixed bag as we rake through the earnings from telecommunication and luxury weve seen a lot of provisioning this morning, trading higher by three quarters of a perfect. You can see how it translates across the core markets. The ftse in the uk is. 8 in the green. Decent outpacing german stocks today. Weve gi
4000 jobs worldwide. Good morning, everyone. This is bloomberg surveillance. I am Francine Lacqua here in london. We are getting data out of italy. A bit better than expected. Is worse than expected, not better than expected. Shrinking 5. 4 in the first quarter, also after it was revised from a 4. 7 contraction before. That is having an impact on the stocks, if you look at european stocks, they are down to 1. 3 , and if you look at u. S. Treasury yields, 0. 6 . You what is going on, the crude oil with the biggest advance on record. President trump has said u. S. Policy measures on beijings move on hong kong. Chinas crackdown as trumps friend to retaliate have further escalated tensions. For more on all of this, we are joined by our chief asia economics correspondent, and the koran. Enda curran. Enda, what are we expecting trump to do . Quiteit could be significant for hong kong, beijing, because the president has a range of penalties to choose from. He could impose sanctions against in
Much quieter protests around new york and across the nation. Subsumed by the absolute bombshell reporting and essay last night by general mattis in the atlantic that truly stopped america. And i think the broader question is whether this will have repercussions for President Trump and his base or certainly with republicans, whether the president has crossed the line and what this means for the military. We talk about martial law and the next steps. Tom many other things going on as well. We are really focused on what could be an original ecb meeting at 8 30 new york time and Christine Lagardes Important Press conference and q monday and q a. Right now with our news in new york city. Formerident trumps defense secretary jim mattis is condemning his former boss in a scathing letter. Saying the president misuses the military. He says they must reject those who make a mockery of the constitution. President trump responding on twitter, saying he did not like his leadership style or much els