President is prepared to take. U. S. Park police and others near Lafayette Park used tear gas, flash bang grenades and rubber bullets to aggressively push back a peaceful crowd 30 minutes before the d. C. Curfew went into effect. Why was this assault undertaken . It wasnt to step inside st. Johns church and offer a prayer for george floyd, his family, or the countless other americans who have been victims of police brutality. It wasnt to reflect on the pain and division that is rife within our country and to contemplate what action he could take to heal our nation. Like president lincoln often did during the civil war. The president crossed the street, aggressively cleared Peaceful Protesters for a photo op that meant to say he was strong and he was in charge. Unfortunately for him, it had the opposite effect. President trumps rhetoric and some of the events that have occurred are not ones that many of us ever thought we would see on american streets or hear from an american president.
Rally yesterday dow futures are now down. Nasdaq futures lower by 64. Nasdaq up 190. Now this, former Vice President joe biden and the ukraine scandal back in the spotlight, an investigation Just Launched overseas after phone conversations between biden and then ukraine president are released. Meanwhile u. S. Senate taking a major senate in probe of Hunter Bidens role of Barisma Holdings and tesla tapping the brakes in battle with california, dropping the lawsuit after plant is allowed to open. Mornings with maria begins right now. And Global Markets this morning red cross the board, take a look at european indices as u. S. China tensions rise, the cac quarante is down 48 and dax index in germany lower by 174, there are sign that is the european economy is slowly coming back. The euro zone purchasing manager index coming above expectations this morning. In asia overnight, markets mostly lower. Take at the numbers in asia, worst performer half percent lower shanghai composite in china.
Winning streak lets go to bob with more on the market bob. Its a little bit of indeterminent trading. We have been trying to get over the end of april highs we would break out of there and well be to the march. We have been stalled out here. Take a look at the sectors here. You can see in front of you, reits down banks have been drifting lower all month. Consumer staples out performing a little bit now down as much a couple of news announcements the fed niensannounced they wer going to start buying the Corporate Bond etfs. This has been real winner for people who tried to front run the fed anticipating they were going to be doing this up 16 in the last month wells fargo, all sorts of Corporate Bonds. Ge capital bonds are in this thing. The other piece of good news or interesting news is pnc. They own 22 of blackrock. They own i shares. They are selling that whole stake. This is one of the greatest invest ms of all time. They made need it for capital, Capital Improvements overall a lot
Notably russia, and surely it puts a crimp on the future of electric cars. Look at it this way. Why buy electric when a gallon of gas on average now costs 1. 81 and likely to fall much lower. In wisconsin, the average is all the way down to 1. 22. There are some places where its below 1. We will bring them to you. Its a big negative for the stock market. The dow industrials are going to open down 500 points. Thats roughly 2 . The s p down 1 . The nasdaq down 1. 93 . The oil crash really hurts stocks as well. Every energy stock is down. The airlines and the Car Companies, they cant cash in on cheap jet fuel and gas because people arent flying and theyre not driving. Where is the additional help for Small Business now that the first rescue package has run out of money . As of right now, it has not come through. Treasury secretary mnuchin negotiating with democrats over the weekend. Its supposed to be a better than 300 billion plan but its not here yet. Perhaps thats another reason for th
Markets pointing to lower opening. Major averages. Take a look. The nasdaq lower by 65, the s p lower lower by 34 after the markets rallied last week, the dow, nasdaq and s p 500 second straight week of gains with market up on the session as you can see about 2 higher on the dow industrials for week. Oil prices having a rough morning, take a look at this. Taking a steep dive as the coronavirus slams demand. Crude oil now at 13. 54 a barrel. Holding china responsible, questions are swirling this morning about the origins of the virus. Chinas lack of transparency. Congressman andy barr to investigate chinas handling of the pandemic. Mornings with maria begins now. Noble markets look like this. Germany taking a step with reopening the economy. Some stores. The white house is allowing some companies to delay payments of import tariffs if they can demonstrate significant financial hardship, tariffs on chinese goods are not included in the interruption of the white house tariff program. In a