Look theyre higher across the board. The nasdaq is up by 134. Its early in the morning but these are pretty significant green arrows at this point take a look at whats happening at the treasury market and youll see that right now the ten year is yielding where it has been 0. 996 joe. Tik tok, the latest here. Developing late yesterday, the u. S. Judge blocked an order that would ban tiktok from being downloaded in the u. S. The ruling is the chinese owner byte dance has more time to get approval from u. S. And Chinese Authority which is unclear if that really happens for that deal with oracle and walmart the judge did not clock a much broader ban which is set to take effect on november 12th which the way things are going will be here like tomorrow i wanted 2020 to go quickly but now im thinking its just going too quickly. We wanted to go quickly. Still 2020. You still did your best Barbara Walters with that. 2020. And hugh, hugh had a long illustrious life hugh is gone now but we remem
Looking at the biggest weekly loss since late june the s p both with interday trading. The nasdaq is on track the fourth week in a row on higher prices dow futures indicated down at this poirchlnt looking at yields for the 10year. New this morning, china and the u. S. Have agreed to review the progress of the phase one part of the trade deal well do that in the coming days talks are scheduled from last saturday the review comes as u. S. china ties have deteriorated just summarizing you know that. Thats one of the reasons why. We knew that yes we have seen a series of things that show the relationship has deteriorated if you were to try to put the different segments of the rift, you are up at almost double digits how many Different Things have become bones of contention and the second largest, largest some days economy in the world. A global nightmare we need them, they need us on a certain way it is official taking advantage on what the administration would argue from the markets persp
The new deal, the life of Francis Perkins. Fdrs secretary of labor and his moral conscience. This was part of the ninth annual festival in washington d. C. The book festival in the national mall. inaudible the streets around these building. I will explain to you how that happened. Much of the research was done at library of congress which is sponsoring todays events. It is a wonderful institution. The beautiful buildings. They are such Important Research materials there. It is all available free. It is Public Access libraries. They are one of the things that make our nation great. I am very grateful to the library of congress for being here and for continuing to give us such wonderful material. This is a self selecting crowd. I know some of you already know who Francis Perkins is, but a lot of people do not. Let us start by asking this question. How many of you know who Francis Perkins is . Yes this is great good how many of you know someone on Social Security please raise your hand. H
Cnbc im becky quick with joe kernen and Andrew Ross Sorkin the market has come under significant pressure this morning. And the nasdaq off by 143. Its all coming this morning a rough week for wall street 5. 5 that was the worst week since march 20th and all three are coming off of their biggest weekly losses and last month after last week. The dow and nasdaq for the month of june would be down with the projected losses that were looking at this morning. S p is already down for the month of june. Also keeping track of the treasury market this morning lets take a look at that. Treasury yields yielding 0. 08 crude oil prices under pressure this morning too this is a sign of how much is anticipated in terms of a come back not only here in the United States but around the globe and right now wti down about 55 cents. Still trading 35 though at 35. 71 andrew. Thank you, becky. I hope everybody had a great weekend despite some of these losses that were looking at in the market i want to start
Now this is a self selecting crowd. I know some of you already know who Frances Perkins is, but a lot of people dont. So, lets start by asking this question. How many of you know who Frances Perkins is . Oh, yes. This is great. Good, good, good. How about this . How many of you know someone on Social Security . Please raise your hand. How many of you know someone who is receiving Unemployment Insurance or who has ever received Unemployment Compensation . How many of you know someone working a 40hour week . More or less. Frances pirngs work. How many of you know a 12yearold who has quit going to school so she can work fulltime in a factory . Frances perkins work, her ban on child labor enacted in the fair standards act made it possible to keep kids in School Longer instead of in mills and factories. Its awfully noisy here. I want to talk more so you know about the breadth of Frances Perkins accomplishments. A middleaged woman waited expectantly to meet with her employer at his residence