Good morning welcome to squawk box here melissa lee is hanging out again with us. Becky is off today for some welldeserved vacation well see her next week. As joe said yesterday, one of the first down days weve seen in a while a little better s p up about 13 and nasdaq looking to open about 45 points higher also showing you treasury yields now you can see where those are standing well flip that around to. 628 on the 10year you thinking about refinancing a mortgage anytime soon, guys . Im as low as they go im good if you have an account where you can use assets for credit line or to make an investment or Something Like that, i remember two or three years ago, i locked this ridiculously low rate if they come to me again and offer another one, it will be lower than it was last time. It was like 2 or 1. 5 when you get money that cheap, dont you think you you are in the drivers seat when rates are this low i dont feel bad about borrowing money at rates like that so you are talking about get
That. Right i think that the shock value of that is maybe more, lets say, the bark versus the bite i think that theres a belief that we could get a lot a much better picture of what the Health Situation is going to be like in november so its a little premature to be able to say what the president is saying and its certainly contrary to what he was saying about the idea that we do have a vaccine very soon. If we have a vaccine very soon why do we have to delay the election and why does it have to be crooked i think you cant have it both ways you can have the vaccine come out and have a gd election or you must know that the vaccine is not going to come out and you will have what he just tweeted but whatever it sows chaos and chaos is bad for the stock market. We did get some promising vaccine news out of j j as they move to human trials in the u. S. And belgium the earnings which we will talk a lot about this morning are basically shaming the analysts, virtually surpassing the entire ran
Other universities we have been following. Amy hollyfield live at uc berkeley this morning. Good morning, amy. Good morning. The words are will be open and offering instruction and janet napalatano did leave online instruction and she is envisioning a mix. The question will be how much will be in person versus how much will be done remotely. According to the mercury news, uc system has lost 1. 2 billion because of this pandemic. A lot of money and you can see thats why they are looking to fall in their plans. The California State University system already announced all classes will be remote. This is a big departure from what that system is planning. It soundslike not only uc system but across the country are considering a mix at this point. Now, ucs president janet napatano says they will have to meet standards to help prevent the spread of coronavirus and they will have to get in place and get approved before they are allowed to reopen and she is saying that those decisions would be
Joe, the big story is oil prices once again im ready to move out past june move out where . June is too close if we are not going to open anything up, no reason to think it will be anything different than minus 38 a barrel it is related to the price of gold and the price of a suit, so i should have been buying andrew, you are spending 10 times what you are on a suit with those hugo boss things. Which none of them have belt loops for 4,000, you could get a couple of belt loops no hugo boss. It is ralph. Ralph who oil prices, it is not funny. This is out of the realm of anything weve ever seen brent crude only a 20year low you look at wti or what may was before the contract rolls. It is incredible supply shortage spiked overseas. The u. S. Movement, wtis june contract the price giving up earlier gains. Up 11 see, im ready to move to september. August at some point what does this mean for the saudis youve had your picture taken there on a sand dune youve got a feel. They should have done
European equities, up by 8 slaegts 10 off a percent we had pretty Good Movement over it had it last 24 hours because off powells testimony 1. 60 we were over 190 10year note, 2. 056 if youre planning your day its time for the crosswalk flan aer for try to pace yourself and this is right at the it very beginning of your day because youd do vp oorks and later in your day, im watching washington do the same stang and hell not see you. How were going to get numbers from Delta Airlines. After the close. You also have to be aware of ho, thats right im eves dropping youre down to five, are you not . As sooner as the numbers are out, ill give you a free cnbc envelope did you see that engine yesterday with video kw the thingroiding around in the it did. I just saw people complaining they didnt feel like they andaus compensated enough for it sglrts then you would do if you saw that it fer and if you saw nangen come across on a flight i would mang. Ohow would you notify somebody theres not enough