Infection rates low in tokyo but hong kong says the situation is increasingly severe. Jack ma looks to make more headlines. He is aiming for a 200 billion valuation with between listings in hong kong and shanghai. Look at how take a we are setting up when it comes to the asian open. We have a lot of positivity carrying on from that session. Investors are backing that buy the dip trend. The nasdaq hitting the alltime high. The s p hitting positive for the year. S p active futures contracts a little bit lower at the moment but it seems like the positive. Evelopment on vaccines trading sideways if you will. The dollar was broadly weaker in g10 except for the yen. We had Dollar Strength and yen weakness overnight. That is the handle we are looking at ahead of Inflation Numbers out of japan and getting machine tool numbers as well as some Retail Sentiment numbers by way of Department Store sales. Crude and gold were both a little bit lower in the asian start to the session. Some positive de
That because there are a lot of people who just think if we can break through that then were going to be able to say when we get a vaccine its just going to be game, set, match for the bulls because we are already at this level without the vaccine i think that today is a confluence of goldman puts citi, wells fargo and jpmorgan in the rearview mirror. Its the old Goldman Sachs model. We have moderna talking up a blue streak this morning on squawk with meg making us feel like inject my left arm, please. We have the Goldman Sachs number that looks like the old days david faber, goldman reminds me of when i dont know, what, 18 years ago yeah. It is a report from goldman that is you can liken to sort of some of the earlier years of their dominance when they were only recently a public company, jim, or really lets not forget their record quarters were actually right at the end of the financial meltdown of 08, 09 remember the numbers they printed then but this is a very Strong Quarter for th
But you have to think of where we were and even with todays selloff, it is not really affecting all sectors. In fact more than half are still up. The fact of the matter technology, we just cant seem to pause even for a nanosecond, continues to advance. Well go over all of that, including things that could be weighing on stocks, including some extended shutdowns and restrictions everywhere from texas right now, what is going on in florida as well. Then there is hope on the virus front. That of course is something that is not seen all the time here but on the vaccine, more to the point of the virus, we keep track of this thing. There are about nine premier offerings or combinations being touted by various governments or biotech concerns of that, that are promising everything from an antiagain, quickly can tell you whether you have the virus in matter of minutes all the way up to vaccines potential curse that could be available soon as end of this year. The u. S. Investing a princely sum
Usmca, china, theres a lot in the mix today. There sure is as we start squawk alley. Glad to join you carl and deirdra bow is a also with us this morning major indexes still higher, though the dows best performer over the last quarter was apple so, we can continue to watch that stock as well its been interesting, deirdra, to see this move in apple over time thats where were going to start. The dows best performer again over the last quarter. In the midst of this platform shift right now, we have to see whether they can continue this momentum as we head into a Holiday Season where the headlines are questionable whether theyll be able to churn out enough of the 5g iphone based on production delays that theyve encountered in the midst of the coronavirus absolutely. And its not just apple, right, guys tech had a big quarter at large. Youve seen them lead the way once again, although alphabet little underperforming so youre starting to see more breadth in this market one of the major questi
Trying to bounce back after all of the major indices in the green. The dow struggling most of all just popped into positive territory moments ago. The s p trying to stay above morgan thats right i will note that were on pace for gains for the week including the nasdaq that is currently poised for a 4. 8 gain they pointed out this morning that the Broader Market it means this critical juncture right now and that given the big swings in both directions that we have seen in the s p and the Broader Market in the past two weeks leaves us right at the same level that we were at two weeks ago. There istechnical levels to keep an eye on early june highs, whether or not we break above that or on the flip side, the 200 day moving average, but i think the bottom line is that there continues to be a lot of uncertainty and a lot of headlines driving Investor Sentiment right now in terms of the marks, the tech piece of the markets, the nasdaq continuing a fourday win streak right now. Joining us is