7. 44 . As you noted before the yield curve. Steepening and a rally in the financials you mentioned that june 10 was the high that was the day where the markets had their maximum enthusiasm about the strength of the recovery and how fast it would be that was the peak where the come back of value and cyclical sectors. That seems to be the dynamic and the push for which stocks were preferred and the market seven days in a row of records is not to be dismissed guys the intraday record high in this session and well have to see if this continues . Yesterdays high is around 3,500. Coming up, well talk about the abrupt halt to the sports world. We ha we have fed president s and the interim ceo of tiktok. What a story it has been and a soap opera all week long we are learning more in the details in the sale of tiktok after walmart confirmed it has teamed up with microsoft sources tell us that walmart ineshlly wanted to be the lead buyer together with what was alphabet and soft bank coo and ran
There was an endeavor to get to the city yesterday but we were landlocked yesterday, drove into the city under the trees. It was a little scarey we are back and it is nice to be here it feels like home good to have you back, andrew this is the situation that we probably havent given focus it deserves still millions without power 1. 4 million in new jersey without power. I know connecticut was hit worse. That storm even though a tropical storm, not a hurricane, stronger than anticipated. The wind event and damage significant. I appreciate it still trying to dig out from that today a lot of people that will be without power for days starting with the markets this morning. The nasdaq on another record six straight games it closed just below 11,000. Just north of 10,998 youll see this morning, us equity futures are not pushing above the 11,000 mark just yet six days in a row weve seen gains. This morning, indicated down by 20 points. The fourth day of gains for both the s p 500 and the dow
Point on renault. There is no question the labor economy overwhelms everything else. The depression of labor is absolutely front and center into this week. With all the other news and distractions as well, the labor economy, globally, is stunningly week. Francine we will have a lot of folks on unemployment across the world. Ritika in minneapolis, a third night of violent protests over the death of a black man who died in police custody. Protesters torched a Police Station and a number of businesses were also burned. Demonstrations spread to other cities in kentucky over another police shooting. The president called the rioters thugs and threatened to send in the national guard. This came hours after the president issued an executive order seeking liability protection. Earlier this week, twitter began selected factchecks of his tweets. Today, President Trump will announce his response to chinas crackdown on hong kong. The president says he is not happy with new legislation that curves f
How has his week been . Francine it is been a tough week. Lets putain said, the scandal and angle over one of his top advisers driving to his family home in the middle of a lockdown, he is hoping with the gradual reopening of the economy people will be behind him more than they have in. They have been. There is a big figure in terms of euro area inflation close to zero which will put pressure on the ecb to act next week. Tom no question that disinflationary tendency of may with every indication will migrate into june. The jobs report front and center a week from today. Now, our first word news. Ritika in minneapolis, the third night of violent protests over the death of george floyd, a black man who died in police custody. Protesters torched a Police Station and businesses were burned. Moved to other cities. On twitter, President Trump blasted the mayor of minneapolis , called the rioters bugs, gs, and threatened to call in the national guard. The president signed an executive order to
Exceptionally good guests this hour, and we will begin with a moment. Haass in an extraordinary place we are in right now, waking up to the imagery of a darkened white house. The president choosing not to speak to the nation as wasnt dissipated last night. To the north across lafayette , a boarded hay adams. A fire in the historic st. Johns episcopal church, the church of the president s. Pew 54 is where they sit, although lincoln sat quietly in the back. The protestsct to in continental europe. Your thoughts on this file and we can. Jonathan i dont think anyone needs my personal thought, not from a journalist whos barely left his apartment in the last three months. I dont think theres much value protests in the europe in the United States. Theres a deep history in the United States. The plea unsettling to see the equity market emotionless against the backdrop of the weekend. Commentt uncomfortable beautifully, absolutely nails it. Alm iscomfortable c also in the fixed income space. It