Disney has postponed its plans to reopen disneyland in anaheim, california, indefinitely. We will talk about that. It was a volatile day on wall street. Stocks rising nonetheless. I want to bring in kailey leinz, who has been following it with a choppy session, but still ending about 1 higher. What happened . We saw the fluctuations between positive and negative territory until the last hour of trading. We saw the furious rally into the close. Likely people taking advantage, using it as a buying opportunity. One caveat is the volume was about 17 below average for the past 20 days. Obviously, investors trying to take advantage from yesterday, despite the fact we are seeing worsening headlines, in regards to the spread of the coronavirus. Texas and florida having to pause reopening because of researching cases. Research in cases. They took part in the rally, smallcap kind of a proxy for the recovery story. They are more domestically oriented. The nasdaq lagged marginally, but it wasnt te
Despite the Global Pandemic and 2 fatal accidents boeing is now testifying its 737 max jetliners the federal Aviation Administration is working to help certify boeings new was plane that reportedly has made improvements since its last crash so what does this mean for the companys revenue stream r t correspondent natasha sweet is in los angeles at the International Airport with more the f. A. A. Is indeed ready to fly the ball we max 737. 00 confirming those test flights could begin as early as today and now were seeing the market response in their favor some 800 boeing 737 max jets are grounded but according to a routers media reports student wafer along in an email to congress the f. A. A. Said its type inspect. An Authorization Board completed its review clearing the way for flight sort of occasion testing to begin which the email says could start as early as monday in response boeing shares are on the move their stock is up again as much as 11 percent in todays trading experts say i
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
Drop coming up on todays show, were taking a look at how a number of Different Industries are getting back to work in america. Well talk hotels and travel with the ceo of best western plus, walter rob, the former coceo of whole foods will weigh in on grocery trends and well talk about the state of the consumer lets kick things off with a Broader Market a choppy day to kick off the trading week pretty positive. Right near the session highs as we stand on track for a record close for the nasdaq composite actually kind of a quiet levitation out there the average stock not doing much of anything. Volumes are low. But v but the Growth Stocks are powering higher. You see a one year of the s p 500. Its about a couple weeks ago that the enthusiasm for that reopening really seemed to crest for a little while since then, the old Growth Stocks, if you look at the top of the dow right now, its nike, apple, walmart, visa, microsoft. These are the days when the observation that Great Companies remai
The dow toing 25k. Steph, whats the significance of those big numbers we have now been able to get over . Its very positive. It makes people feel better especially if they were buying back in march and april and may. We have been getting pockets of activity thats picking up like the tsa travel numbers look bet per. Mortgage applications up four weeks in a row these are baby steps what this tells me is yes we had a horrific recession were still in it. Its probably going to recover a little bit faster than i initially expected i dont know if its a v but i think april and may are the worst months of the year on terms of the Economic Data and that we are going to start to see an improvement if you do see an improvement and get the economically sense tifr sto sensitive stocks to rebound, thats very encouraging. If you look at financials, they are down 26 on the year industrials are down 26 on the year these things could have a mean reversion and that could propel us higher along with Techno