On a friday in june, this is a huge deal. For me, the headline of the week was qantas in australia delaying International Flights into october. Madame lagarde is on that calendar. Im sure what she is saying come and much of what we saw in the United Kingdom yesterday, is lets get to it and keep the fiscal stimulus pressure going. None of these people are standing aside and relaxing. They clearly seems to be the message. Francine 100 . If you look at the shift of a lot of the language of the Central Banks, they see the range of forecast tilting slightly to the downward compared to where they were months ago. We will have plenty more on the markets. Lets get to first word news in new york city with ritika gupta. Upika china plans to speed purchases of u. S. Farm products to comply with the trade deal. Beijing will buy everything from soybeans to corn and ethanol. Purchases fell behind because of disruption caused by the coronavirus, and the countries have been sparring over the origins o
Senior executives started trying to bring him down months before he was first attained. Governmenthong kong admits chinas security rules may not conform to longtime practices, but the Stock Exchange insist things will be better in the long run. I think this certainly creates a clarity and stability for us to move forward. Lets take a look at the monday morning markets. A tepid rebound after we had the biggest route in about 12 weeks on the back of that retailfueled surge we saw in valuations. This is what we are seeing when it comes to s p futures, down about 1 . Chicago nikkei futures also lower. Positive,ures in the still indicating a downside of about. 2 . Then stocks trading at lowest in about two weeks. Kiwi stocks, trading underway. After we heard a contraction when it comes to the Services Industry and a bit of a pullback when it comes to the aussie and kiwi dollars. Risk very tepid across the board. Lets turn to those fears of a second virus wave in beijing. China probing offic
With any recovery increasingly week. And the senate backs a bill to punish china for tightening its grip on hong kong. U. S. Banks may be hit if they continue to do business with beijing. Shery u. S. Futures flat at the open, after we saw u. S. Stocks jumping in late trade. Major indices all gaining at least one present in the regular session, after fluctuating through most of the session. We saw some moves to buy the dip. We have the pandemic in the u. S. Raging. The s p 500 rising the most in a week. Only banks were solidly in the green after regulators eased the volcker rule that will free up capital. We also had mixed data in the u. S. Jobless claims higher than forecast for a second straight week. Take a look at what oil is doing. We are seeing upside pressure, up 1 , around 1 , above 39 a barrel for wti. We saw whale under pressure earlier this week, but russia slashed exports of its crude to the lowest in at least 10 years. That gave crude prices a boost, haidi. Haidi as you men
2. 8 million added well explore if that means a v shaped recovery is coming. 2. 7 on the s p 500. Coming up, retail making a big move higher today as reopening trend ramps up across america. Well with marc metrick about what hes seeing from customers so far and later, are leaders doing enough to address equality daymond john will join us with his list of actions. Lets get straight to the key question of the day. Have we bottom ed were ploex ploering in a number of ways. Steve liesman has e details on the number mike looking at the rapid pace of the rally scott will give us his Market Outlook and well focus in on the soaring Airline Stocks with Raymond James analyst. Steve, start us off on the jobs report and how sustainable it is great question, sara, but a lot o head scratching going on how u were 2. 5 jobs created and no one knew it wall street didnt seem to know it but look, i put together a list here of maybe some reasons how do you get 2. 5 million delta there, 11 million jobs 8.
The s p 500 sees its biggest rise led by energy, health care, and raw materials. And an indepth look on the economy. We discussed fed policy in an expose of interview with Robert Kaplan. Shery lets get started with a quick check of the markets. The u. S. Futures are under pressure. This after we saw the rally in u. S. Stocks. Taking the s p 500 to the highest level since a few days ago. We have seen the rallies for the last three sessions and it has now gained the most in more than one week. And health care leading all 11 sectors higher and we continue to see optimism over the economy. U. S. Retail sales jumped up the most in a record. It has really offset that second coronavirus exceptions. The nasdaq was up 1. 8 . This was of course after oil went above 30,000. There are signs of improving demand and product production. What comes to the economic picture, will be getting trade figures from japan. We are setting up for a mixed open after two days rebound. This morning, qe stocks added