Cap. And flight path trouble. And amazon Banning Police use of facial recognition technology. It is a very busy thursday june 11 this is Worldwide Exchange here on cnbc good morning. I am brian sullivan. Thank you for joining us on a very busy thursday and one that could be a tough day for investors. On the screen,down 635 points right now. Some thinking the reopen rally may have been overdone and health data up in texas. Texas is siege about 2 to 3 daily growth in cases. Not that outline in the last couple of weeks but a slight up tick there and other states like arizona. That has got people on edge. Yield has been falling reversing a recent trend bonds will be sensitive. The fed yielding 6. 69 well call it oil prices like stock futures are down this morning. Not only any kind of growth concerns but youve got inventories growing. If virus cases do start to spike, we could see gasoline as many retreat rates will state low for years bank and financial stocks taking it on the chin wednes
Congressman Roger Williams. As the nation prepares to unwind the lockdown what do we need to know to prevent a second wave . All that, so much more on making money. Charles all right, folks, the market i think holding up pretty nicely considering everything. It has been making a stand all session long. Just here over the last hour or so, actually trying to rally on news that germany now will infact be coming back online beginning april 20th. But even before this mornings spate of earnings misses, terrible economic data, the market was indicating it would be a tough session. All night long the market was down. Now you could argue that the session was, to the downside, really, that this is overdue. Considering that the s p 500 has rallied 30 from march 23rd, the intraday low of 2191 to yesterdays intraday high of 2851. The question now, how much risk is there to the downside . Has wall street largely changed its tune on the need for major indices to retest the lows . I want to bring in m
And 0en the blocktalks for the efforts. Telling this Program Unity is what is needed a relief package is absolutely necessary it is necessary because we combat a common enemy in europe. Solidarity has to be demonstrated uk Prime Minister Boris Johnson is admitted to the hospital and dominic raab will continue doing had is work there is incredible teamwork behind the Prime Minister to make sure we get him better as soon as possible over to the wall here to give you a story of how the markets have developed weve been on air since the open this morning and only seen gains pile on effective live so europe is playing catchup on the rally we saw in the United States and asia. It is a broadbased rally of the stoxx 600. We are up nearly 3 year, which takes us back 20 on top of the loan that we saw in this index lets roll the wall and show you how that breaks down in terms of that individual picture for different markets. Perhaps im surprisingly given on the focus of the financial well being a
Taylor really seeing some big gains on the s p 500. This is the second straight monday where we have seen big gains. All of the monday before that going to march 2 posting big losses, so a relief that you are seeing some gains come in. Small caps are doing the best. This is a barometer of the u. S. Economy. Some hope, given new york city fatalities have perhaps started to level out, that the economy can get running again. There is some hope in the russell 2000. The riskiest of all sectors, the stocks index, many of the chipmakers get the revenue from china, also the biggest performer of them all. Take a look at the vix. 44 handle. This is the lowest going back to march 6. Finally, i want to look at some of the individual stocks moving today. A lot going on underneath the mes. Carnival is up 26 after a Saudi Investment Fund revealed a stake in the company. Ulta beauty rising 26 , added to jpmorgans focus list. Ulta beauty is one that jpmorgan is liking today. Nvidia, chipmaking stocks r
Bitcoin billionaires. I know. He got really sick this morning and just absolutely couldnt make it so we will talk a little bit about his book just for those of you who are wondering. [applause] we are going to leadtime at the end for audience q a as well so please be thinking about your questions for mike. We would love to have an interactive conversation with you. Let me just start, actually im going to start by saying a couple of words about bens book before we dive into mike in his book. For any of you that havent checked it out yet its called bitcoin billionaires and its the story of the winkle lost twins. [applause] you may remember them from the facebook story. They were the two brothers at harvard who actually hired Mark Zuckerberg to help them build out their social Network Platform at harvard. Mark was a Software Developer and coder and engineer who helped them build their platform but then he actually ended up spending away from them and creating his own platform so they made