How oil fits into the microeconomics of this great contraction. It is remarkable, francine, to see how the markets churn yesterday after you and i were justen we saw the fed simply come to the rescue. There is no other way to put it. Francine and the markets keep saying dont fight the fed. That was a Good Opportunity for market participants. Expecting a 60 figure, better than expected. Bloomberg first word news in new york city. Here is ritika gupta. Ritika good morning. President trump is weighing an infrastructure proposal worth nearly a trillion dollars to spur the u. S. Economy, according to bloomberg sources. The plan would reserve most of the cash for traditional work such as roads and bridges, what funds would also go to 5g wireless and broadband. Existing funding is up for renewal at the end of september. It is one of the largest of occasions north korea has made to south korea in years. Grownnguns regime has that blown up an entry Korean Liaison Office on the side of its borde
Around Farming Development 1st is destruction of mexicos fast rain forests and sport now skara launches an investigation after a noose was found in the garage style of driver bubble wallace meanwhile the Confederate Flag was flying above the track in alabama with the words d. Final now scar after it was banned from all racing bangit. So then the world has recorded its worst day yet for new cases the coronavirus more than 183000. 00 infections were reported on sunday that takes the total close to 9000000. 00 and its rising at an alarming rate in the country where the president dismissed it as just a little flu deaths in brazil not exceed 50000 likes here brian. Brazils deep divisions playing out on the streets of its major cities with some marching in support of president jaya balls and arrows. And opponents determined he should step down. But the moca fear we are here in defense of democracy and asking for sonora to leave this president who asserts the peoples power and is committing a
Without question, the data, another remarkable day after the remark about turnaround we saw yesterday. Jonathan ferro will give you that data in a moment. Coming up, terrific sets of conversation on economics. Youve got the retail sales data coming out that will be most interesting and important as a sign of the american economy. Jay powell at 10 00. In moments, we are honored to bring you the secretary of labor of the United States after the history made yesterday at the Supreme Court. Jonathan, that was remarkable to see what the Supreme Court announced yesterday, the Immediate Impact of those for and those against. Jonathan making some serious progress on a whole range of issues in this labor market, particularly on discrimination. Weve heard about the social injustice of the last couple of weeks. But we are making progress, and i think that is key. Equity futures are positive 43 points on the s p 500. Treasury yields, the curve is steeper. ChairFederal Reserve navigates that with t
Numbers trying to make their way to europe and how the covert 1000 outbreak has accelerated greeces problems to offer tourists and one tore one step at a time. Thank you very much for joining us the worlds recorded its worst day yet for new cases of the coronavirus more than 183000 infections were reported on sunday taking the toll close to 9000000 and is spreading at an alarming rate in the country where the president dismissed siona says a little flu deaths in brazil now exceed 50000. 00 alexy obrien has more. Brazils deep divisions playing out on the streets of its major cities with some marching in support of president. And opponents to. Tell him and he should step down. Here we are here in defense of democracy and asking for sonora to leave this president who asserts the peoples power and is committing atrocities does not deserve to govern our country the. Protesters are angry at both in hours response to the pandemic hes openly disagreed with advice from his own Health Ministry c
The dollar index just below 97. Crude oil rallying 2 today on stocks going higher. 87. Arrel of wti 37. Lets get more on the markets. Scarlet fu is with us. Scarlet jay powell testifying before congress for two days of discussion, stuck with his message that the economys path is uncertain. We have seen indexes come off of line isghs but the positive. You look at the industry groups, 20 groups are higher. Within the dow, 29 out of the 30 names are up. In terms of leaders, caterpillar, boeing. The white house is preparing a 1 trillion infrastructure proposal. Up 4 frastructure etf right now reflecting higher demand. Retail is up after a record gain in sales. A lot of retail names are heavily shorted, so you could be seeing a short squeeze as investors rushed to cover their bets. All of it comes back to fundamentals, like earnings. Morgan stanley talked about the disconnect between the optimism out there and the bottom line. Andgap between the s p 500 as aftertax profits has soared to rec