Slumping good news, live sports making come backs nba laying out a plan and indy car. Well speak with the man in charge on this friday, june 5, this is Worldwide Exchange here on cnbc good friday morning. Cheers welcome from wherever you may be watching thank you for ending your week here despite all going on in america and around the world, investors continue to put their money into our stock market it has been an incredible week futures are soaring right now. Dow futures are up 327 nasdaq 100 hitting a new alltime record high looks to make another one today. Small caps, if you have not paid attention are up nearly 8 we have one trading day to go today. Lets talk more about this all ahead of what your next guest calls a sobering reality for investors. That being the may report. Expecting another 8 million plus job losses and to hit near 20 . Bringing in lindsay bell, chief Investment Officer and newly minted cnbc contributor. First off, lindsay bell. Glad to have you in the cnbc famil
Assessment of Global Energy demand. Saudi arabia is cutting output to the lowest level since 2002. As mentioned, we are looking at the start of the trading session. Thats get over to Sophie Kamaruddin in hong kong. We are expecting moves to the downside. U. S. Futures holding onto a three day decline in kiwi stocks. The index is off by about. 33 and markets are priced in new zealand to join the negative rate club. Amid calls for more stimulus around the world, we are waiting to see if china will cut the rate for the third time this year as the country grapples with a week start and millions of unemployed. Emerging from lockdown, the global stock rallies are sputtering. Risk is wave infection being weighed alongside the threat of business failures and job losses becoming permanent. Beyond that, the aussie dollar is bearish and ahead of the april jobs report. It is seen with a deeper impact. President trump says fed chairman jay powell is doing a good job but disagrees with him on negati
Trading session in the u. S. Overnight. Hang seng will be the focus, down 121 point. Another choppy session after quite a comeback yesterday. Jakarta is muted right now. News they will be easing lockdowns in the capital despite the rising cases. Sydney leading the losses, down 1. 2 . Three in a row that have been strong, perhaps the pboc sending a message they will not use currency as a weapon. Onshore strengthened the most. Dollaryen, you are seeing that haven trade come back. As you said, the main market event over the next 24 hours is this presser by President Trump, he will announce u. S. Policy on china curbingijing passed freedoms in hong kong. His top advisers said china will be held accountable by the of ministration. Is it Wishful Thinking in the u. S. Administration to think maybe they can change chinas behavior and plans for hong kong . I think nothing is impossible, but this does seem extremely unlikely. If you look at all the actions beijing has taken, it is clear there ha
Their residence, then i will deploy the United States military and quickly solve the problem for them the dax climbs after reopening from a long weekend as berlin prepares to unveil an 80 billion stimulus plan. Auto stocks accelerate with daimler topping the stoxx 600 as buyers look to receive special state sup part shares in lufthansa takes off as the carrier agrees to new terms for the 9 million euro bailout. A warm welcome to street signs. Lets kick off with the top story of the day Missouri Police say four officers have been struck by gun fire in st. Louis and are being treated for nonlife threatening injuries in a sixth night of protest in the death and killing of george floyd. President trump threatens to bring in the army after accusing local governments of having a weak response. Violence marred several demonstrations across the u. S. Some with tense standoffs between protesters floyds attorney brought forward a review after an official autopsy declared floyds death a homicide
But says ridehailing bookings fell for the First Time Ever last quarter. Shares rise on signs that it is emerging from the virus slowdown. Take a look at how we are setting up when it comes to the final trading session of the week in asia. U. S. Futures flat after we saw gains on wall street. Despite those historically high unemployment and jobless levels that we are still seeing in the u. S. , there is some sort of consensus among Market Participants that the worst may the over but we are looking ahead to the optimism of the economy reopening. We are also seeing optimism when it comes to new zealand, this despite the budget deficit numbers that were released earlier from the treasury report. New zealand just emerging from that stated four lockdown with the economy stage four lockdown. Also outlining steps for a gradual return to more normal economic functioning. New zealand on track for an entire week of gains. Definitely the outperform in the region. Ofcould get maybe a gain. 25 . We