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
An awesome day i wanted to get with you first so thanks so much. Youre very welcome look forward to talking in the future. David, well see you later. Thanks for that. Good morning welcome to squawk alley. Im Carl Quintanilla with Morgan Brennan and jon fortt coming to you live from separate locations. Interesting price, but not dramatic, another alltime high on the ndx for a second day. S p really about 100 points from going green for the year vix below 25 the 10year yielding 0. 8 very busy morning in terms of critical levels, morgan. Absolutely. I think the headline numbers are milestones you put out there, put night focus in terms of how swift the selloff was and plunged into a bear market and now how swift this rebound, this rally weve seen in recent weeks, has been as well. That being said, there is a lot and i feel like we say this every day, but so much for the market to digest right now, whether the ecb and the Bond Buying Program announced this morning, whether the initial jobl
Better than it was a month ago. Tom it is all the news that is out there right now. You see a little bit of a lift in the markets. We will get to the data check, but what is extraordinary right now is this historic moment for hong kong. And lord patton with us in 30 minutes, which is a great honor. Now lets get straight to bloomberg first word news in new york city with ritika gupta. Ritika as you were mentioning, lawmakers in china have defied a threat by President Trump, approving a proposal for sweeping National Security legislation aimed at hong kong. The micros the advocates say the measures will curb freedom in the city, and this came a day lead this could President Trump into imposing sanctions on china. Been more than 100,000 deaths in the u. S. From coronavirus. That is three months since the first death announced on february 29 in the United States. According to the institute of Directors Think tank. Wagestly paving 80 of for jobs. The government wants to change it so that co
Moderna Coronavirus Vaccine trial. Youre said youre kouscautiousy optimistic tell us about your reflection on that data. There are various landmarks along the trial that could actually derail it at any given time the first that we saw was we went into a phase one trial very quickly, really with record speed. We did it with three doses and the first thing you look at is it safe . Clearly it was is it inducing the kind of response you would predict would be protected when the company and our investigators looked at the data in the first two doses of the phase one study in normal volunteers we found something that was really quite encouraging in that the immu y immunizations induces antibodies if this were the virus here and you had an antibody that bound to one part, it would bind like maybe to this part here which is not neutralizing because the business end of the virus is here the antibodies that were induced were ones that block the component of the virus that binds to your cells. Th
Action now we are in the preparation but this is a big thing for the banks. You know the action we are in before now are becoming entireliness to take intoation for the reduced amount renault rallies on a plan to revamp with a plan with nissan and mi and. In hong kong, legislators debate a Controversial National anthem bill. A warm welcome to street signs this morning. European markets have been open about an hour now. Weve seen stocks advance. Going about 40 basis points higher we saw the risk on trade come higher in europe, we had travel and leisure going about 20 . A lot of reopening of the economies and airways with germany coming into focus to lift its warning for travel around europe in midjune. A lot of hopes around the summer months and the reopening all eyes on the European Commission we are looking to see whether they build on the french german agreement around a Eu Recovery Fund later today a lot of attention around the fiscal response. Weve heard from the ecb and the questi