That. What is really important, moving from the United Kingdom to the United States, presumed to be august into september. I noticed the music use for bloomberg surveillance, you start talking, and the market flips from red to green. But the backdrop of this, and this goes to the stimulus impulse we are seeing right now, is gold doesnt go up. To 1814. S today up jonathan the reopening rotation has stalled. The steepness in the yield curve coming into june has faded. A little bit of nervousness starting to build in the last several weeks, the past month. Lisa we are seeing that in the mobility data, the soft data that people are increasingly looking at to gauge Economic Activity in the United States. This is leading to some skittishness around oil in particular. Coming up, i am very curious to see what we see in terms of crude Oil Inventories in the u. S. At 10 30. 1 00 p. M. , u. S. 10 year notes getting auctioned off, 29 billion. This follows a three year auction yesterday with a yiel
Coronavirus cases continue to surge. Latin america sees infections climb. Beijing cancels hundreds of flights amid a new outbreak. Welcome to daybreak europe. We are not seeing any clear catalyst for the markets as we get going today. Overnight, we have seen a mixed picture in asia. Unchangedndex is overall. There are still the second wave concerns in the market. Yesterday, we saw some light volumes in the u. S. And ended unchanged. Not getting a lot of direction in futures. Euro stocks futures treading water. We are heading for a weekly gain for Global Equities. Resuming gains for this week is what we are looking at. The 10year treasury yield is unchanged on a 70handle. Both the dollar and the yen are headed for weekly gains. That says something about the risk off tilt we might be heading for. Oil in the green today and also looking to resume weekly gains. Aat is after some signs of comeback in demand. We got some commentary on that this week. We have some breaking Corporate News to g
Recovery fund today. France and germany push for an agreement by next month. Its cio. Suspended coo. The stock plummets 67 after a false delay to the report. Good morning, everybody. We are just under one hour away from the start of the cash equity trading day. The final day of this week. It is friday. Thats have a look at the futures and what they tell us right now. We dont see a great deal of movement in any of these markets. European futures suggest a little bit of movement to the upside. U. S. Futures suggesting some movement in an upward direction,. 5 . They do seem to be improving as we go through the last hour or so of the trading session in asia. If we put up the gmm, you can see we are up we are up by. 2 on the msci asiapacific. Making some modest gains. It does seem the risk rally has come to some kind of a pause. Fatigue. Maybe that was the best way to sum up what was going on. Said, it does seem as if Global Equities are oncall to make some global gains, at least for the we
We will talk about in a next hour as well. We will be speaking about juneteenth and what companies should be doing to improve diversity and inclusion with vivian hunt from mckinsey. A big event here in the u. S. , lots of events participating in that in the holiday. We will break that down and what it means for renting for u. S. Companies as well. This could be the Third Largest none december exploration on record for Macro Risk Advisors founder. She will be joining us. We also have all this volatility into the squad winching dust into the cour quadruple winching. How does this play out . One of the trends we have seen in Options Market over the last several years that has is that folksated are vying incredibly short dated options, the shortest, as short as one day. Leaderboard is that it expires in one day. It is a unique way of trading. I would not say it is gambling, but it is not exactly investing either. A lot of the stuff rolling off was put on as late as this week. When we looke
From tjx to l brands to bjs as they report sales better than feared. Coming up on todays show, the view from the south. We will speak with atlanta fed president Raphael Bostic about how reopening is going in his district plus, Scott Gottlieb has called Antibody Testing a game changer. We will speak with the head of quedel and we will ask how his companys rapid diagnostic measures are up to the traditional tests we talk so often about. As sarah said, lower 0. 6 but off the sessions low Mike Santelli is tracking a volatile day for the market. Joining us to discuss big money being spent in the race for a vaccine are Chris Meekins from Raymond James and meg terrell as always mike, lets start with you. Yes s p 500 pausing right below levels everybody is walking, 3,000 on the upside, right around the 200day average look at a oneyear chart of the s p, we spent most of last summer in this relatively narrow defined range between 2,800 and a little over 3,000. So it is familiar territory. I dont