Good morning, everybody. Welcome to squawk box here on cnbc but this comes after a backdrop of a pretty big decline on friday on friday the dow was down by 700 points and this morning its up by 200 points you have the s p up by close to 20 points and the nasdaq up by 26 but we are getting to the end of the month and thats when we start to take notice of what has been happening with declines that we saw on friday push the dow and s p 500 into negative territory for the month of june. If they want to make that up they have two trading sessions left before we get to july so over the next two days the dow would have to make up 1. 5 if it wants to be positive for the month of june. S p would be up 1. 2 its up by 2. 8 . Lets take a look at what has been happening with the treasury market the treasury yield the ten year is the one that we always pay the most attention to it seems to be yielding. 645 . And i think he is going to have interesting things to say too in terms of trying to put it i
Over to you. All right tyler, thanks very much. All three of the major averages are hanging onto their gains in the month of may tension escalating with china. My theme is still intact thats a broadening of the rally. This is in stutter steps you get a day like today where you pull back a little bit but not numuch obviously, some of the china etfs, thats first one down today on concerns about whats going on in hong kong. Look at the leadership this week russell. Its been bank stocks and Energy Stocks oil is on the downside thats what i mean those groups have been leadership stocks here look at these china stocks we did get alibaba thats down concerned to whats going on hong kong what was down, transports, russell down the nasdaq, the big tech names is under performing this week. This is rotation this is broadening out of the market that trend continues if you look at individual secto sectors, banks were behaving horribly they are outperforming this week so the Energy Stocks even though
Lightsabers at the ready star wars the rise of skywalker is out in cinemas in the uk later today with the european premiere held here in london. Experts are talking about a cinema revival, while the uk industry is banking on the final star wars instalment setting a record for ticket sales in 2019. Theres been much talk of streaming services, like netflix with its 160m army of global subscribers, killing off the traditional big screen. Streaming on our devices at home is on the rise global Home Entertainment spending jumped 16 in 2018 to 55. 7 billion, according to trade organisation mpaa. But cinemas have spruced up, Offering High tech, immersive and niche experiences and upgrading booking systems to entice us out of our homes. Last year was a blockbuster in the uk alone admissions hit 177 million even without Luke Skywalker and chewbacca in the frame. Will 2019 be peak cinema . A record nine films are tipped to have made more 1bn dollars at the Global Box Office by year end, with froz
In the car industry. Peugeot group and Fiat Chrysler agree a 50 billion merger, creating the worlds fourth largest auto group. And. Making the most of what you have. Well be hearing from one pianist who managed to hit the right note, despite a tough start. It isa it is a really inspirational story. Flying further well be hearing from one woman whos invented a Hydrogen Powered drone. And is the Christmas Office party going to become the ghost of christmas past, as companies scale back on festive celebrations . Tell us your view do you love, or loathe, the office party . Let us know. Just use the hashtag bbcworklife. Welcome to a very packed erg. Welcome to a very packed worklife. Lightsabers at the ready star wars the rise of skywalker is out in cinemas in the uk later today, with the european premiere held here in london. Experts are talking about a cinema revival, while the uk industry is banking on the final star wars instalment setting a record for ticket sales in 2019. Theres been
Lets turn straightaway to Breaking News of the last few minutes. Three hill walkers have been found dead after failing to return from a walk in glen coe thats in the scottish highlands. Police scotland said the bodies were discovered during a search, which had been launched after the group failed to return. The alarm was raised shortly after 9pm on saturday and Mountain Rescue teams assisted with the recovery operation. A Force Spokeswoman said, there do not appear to be any suspicious circumstances. A report will be submitted to the procurator fiscal. So that news just coming in, that three people have been found dead after failing to return from a walk in glencoe in the scottish highlands. When we get more on that, we will return to it. Now lets move on to the row in the uk about the government use of a barge to house Asylum Seekers. Migrants have started boarding the vessel called the Bibby Stockholm In Dorset on the south coast of england. The government hopes to house up to 500 me