Tesla, apple story. It harkens back so many times to derivative excesses. We have the right guess coming coming up guests on this. Jonathan futures down hard. Down 1. 9 . Never mind the next couple of hours. What is softbank . Tom this is the heart of the matter. This is real simple. They publicly traded Company Acting in an investment capacity. Beautifully done up by the zero hedge at abu dhabi. X going to big guys, etc. X Deutsche Bank gus. Guys. People are seeing the unwind of a successful derivative strategy. Jonathan lisa, a little bit of supply a little later. Lisa this is the tension. The safety bid in treasury. We dont how big it could get. 50 billion sale, three your notes today threeyour notes today. Curious to see how much there is in terms of organic demand for this offering. Negotiator is trying to forge a deal before a key october 15 meeting with eu leaders. Tom can ask john questions about brexit that john loves to answer. The senate will be returning with a goal of stim
Options. The 30 year seemed to not go as well as planned. Your getting a huge lift up in yields. The last week, we are up 15 basis points. You are starting to see a repricing underway. Romaine we did have another ipo today. We had qe holdings which is a Chinese Company that did debut, up 87 on the day. There is risk appetite, people are picking and choosing bets as anthony was alluding to. Lets bring him back into the conversation. Global strategist at a mayor price. Se. N you look ameripri when you look at the bond market and the positioning of yields here in the idea that a lot of the runup we have seen to risk assets is at least in part due to the record low yields, do you worry if we see a Material Movement up in yields, the selloff in the treasuries continuing, that would have any tangible effect on equities . Anthony it could. Not something that keeps me up at night. The main drivers are trends in the economy, in the environ in the virus, and if we will get a vaccine by the end o
Increasing a little bit from that level. A line in the sand with a lot of money flowing in. Taking a look at the etf, its amazing, up 9 10 of 1 . Now,the pound right comments coming through from michel barnier, indicating he thinks a deal as possible. Thats the most positive ive heard him be for quite some time. The market certainly latching onto that. Coming up, we are talking cars. Joining uscitroen later on, releasing a new electric car. Hows that going to sell in the current environment . We will talk about that more broadly in the car market. As they say we are coming to the end of the second quarter, which is certainly something spending a little time worth thinking about. The first half of the year has been quite a roller coaster but one that has been defined in so many ways by unprecedented action by Central Banks responding to an unprecedented crisis. Joining us now to break down the genesis of the rally that we are seeing in risk assets right now, mike mckee. Mike, the crisis
Treasury secretary digging in his heels on the topic of reopening saying, we cant shut down the economy again, sarah. Gary he cou gary cohn joins us and last month there were more bubbles to come hell join us to weigh in on todays down turn. And the black swan of 020, thats what sequoia labelled the pandemic in march. Well talk to partner roelof botha about how he views the startup landscape right now lets get to the selloff and our team of reporters to break it down mike santoli tracking the plunge Brian Sullivan on energy stocks. Meg terrell covering one big area of the market for the market, the rise in covid19 cases in some states mike, start us off with the broader ugly action that youre seeing in the final hour of trade. There was an easy way to deal with that and hard way we took the hard way a sharp and violent flush, maybe the start of something deeper. I want to point out stops along the way. The easy way is to flatten out the rally and go side ways were below a 5 pullback. T
Plus, tesla, speeding off to, yes, another record high today what the company said about demand that sent shares into overdrive. Later on, break out the sparklers. Were ushering in the fourth of july with some allamerican stock picks. We will start with 4. 8 million reasons to rally thats because thats how many jobs america created for the economy last month, blowing away economist expectations wall street rallied on the report with the s p 500 finishing the day up about. 5 Something Interesting happened in the market today that we dont often see. We had stocks up, bonds up, the u. S. Dollar up, gold up. So, tim, whats up with todays Market Action . Ill talk about what stocks need to move higher. The macro, again, its not necessarily something to do cartwheels in absolute terms, but in relative terms to where we are, weve taken back onethird of jobs lost we had pmis around the world better this week, housing numbers that were better bonds should be slightly selling off here except for