Vice President Joe Biden over the future of america. And the cleanup process after hurricane laura leaves a path of destruction. And brewing success. We talked to the cofounder of one blackowned Coffee Company giving back as it continues to grow you are watching Worldwide Exchange here on cnbc good morning. Happy friday and how the day will be setting it up the dow higher at 163 points nasdaq could look to extend gains. About 15 up for the s p and nasdaq up about 20 points as well after the dow gained 160 points for the fifth positive day in six on the heels of comments from fed chair jay powell on Interest Rates the alltime high briefly topping the 3,500 mark for the first time ever. The nasdaq with. 3 loss led by declines in apple and amazon you can see here, still up 30 on that mark being looing at the bond market, Interest Rate is a key focus this week. Ticking slightly higher. 76 basis points or. 76 . 30year long bond a hair below 451 as well going worldwide to follow that breakin
Average stock down 6 . It has been one portion of this market which is absolutely ripped through 2020. Lisa are we at the phase of recovery where you can go into more cyclicals, given the fact that you saw a bit of an increase in treasury yields . Treasury yields coming back down today. We are going to be getting data, though, i date 30. One thing i am at 8 30. One thing i am watching is the jobless claims, still expected to come in at over one million americans in the past week, even though it is expected to come down. A. M. Aen 40 5 10 45 a. M. Conference from Speaker Pelosi on the road to nowhere. Each week that this goes on is more pain. Selling 26, u. S. Billion of 30 year notes. Strong demand all around, which has given investors some comfort that the bid isnt going to dry out. Jonathan starting with equities, equity futures this morning looking like this on the s p 500, against a bond market that is doing ok. On thefutures unchanged s p 500. In the market, in the bond market, a
A former senate colleague. And Jerusalems Al Aqsa mosque compound islams 3rd holiest site remains closed during ramadan because of coronavirus restrictions. The dramatic drop in oil prices over the past few weeks has contributed to the economic fallout from the Global Pandemic and agreements decided among the worlds Top Producers to cut output has now come into effect and it appears that that deal came to be only after President Donald Trump reportedly pressured saudi arabia threatening to withdraw u. S. Military support for riyadh i was there as a solid and judge it has our report. Oil and water do not mix but politics in oil bond very well there is no official transcript of the conversation between the u. S. President and the Saudi Crown Prince which resulted in saudi arabias latest Oil Production cuts. Reports suggest president all trump told muhammad bin sole man that u. S. Forces stationed in the kingdom could be withdrawn if saudi arabia did not stop flooding the market with chea
Government is easing some restrictions. Under pressure workers rights come to the fore this may day was delivering agents working during the pandemic complain about a lack of protective gear. Canada is banning assault style weapons after the countrys deadliest mass shooting 2 weeks ago 22 people were killed in nova scotia when a man dressed as a policeman went on a shooting spree the ban comes into immediate effect but there will be a 2 year amnesty for people to dispose of weapons they already own the government also plans to introduce a gun Buyback Program. These weapons were designed for one purpose and one purpose only to kill the largest number of people in the shortest amount of time. There is no use and no place for such weapons in canada 5000. 00 out of their estonia lack is for a study of tell us more about this ban well of course he didnt as you said it comes in the wake of the countrys worst mass shooting ever still not absolutely clear that the gunman there who was killed a
A 2nd wave of coded 19 but his Health Experts say infections will come back. After 9 years of a war in syria the 1st trial linked to alleged state sponsored torture has begun in germany plus. Field u. N. Technology thats making it difficult for nations to connect when they need to be communicating more than ever. And in school the n. F. L. Draft gets ready to go virtual the games best Young Players be selected remotely with millions of fans watching. Lets get going we begin this news hour in germany where the chancellor Angela Merkel has issued a call for Greater Unity in the fight against with 19 during a speech to the Parliament Mrs merkel emphasized both the need for International Cooperation and also within the European Union saying success could only come if the book could fight the virus together with that in mind she called for a bigger budget and she said germany was ready to pay quote significantly more to help with the economic. Recovery that comes as a youth leaders prepare