More in payroll pay. And ford unveils the new f150 with new options including handsfree driving it is friday, june 26, 2020. You are watching Worldwide Exchange on cnbc. Good friday morning. Im dominic chu in for Brian Sullivan we are seeing a bit of negative activity right now, the s p is implied lower by about 12 points the dow would open down by 170 and down another 14 points for the nasdaq this represents moves off the low so far on the treasury yield side of things, we are seeing movements across the yield curve slightly lower at 67 basis points or. 67 ticking higher at 18 basis points or. 18 there the fed announcing it will force big banks to suspend share buy backs and cap Dividend Payments for the Third Quarter. The firms must resubmit their pay back plans the fed found several banks could get too close to capital levels amid the pandemic induced slow down. Shares of nike, dow component as well the company posting an unexpected loss. Was hurt by Retail Store Closures the wholes
Morning live from Arts Internationals world news h. Q. Here in moscow is kevin oh into the light to do with you for the next hour with the latest having stick with me as well as it take you through the headlines and starting with this new video has been released by the family attorney for george floyd whose death sparked 3 weeks of unrest around the world that shows horrified by standards pleading with an officer to intervene as he stand stone faced while derek show presses his knee on floyds neck the word of warning the video were about to show you is distressing. I know. Right bro you has now moved now more you. Know 3 men you know now who do you. Grow you know you do the movie get over the marriage broke but you know movie. Roles. Meantime the autopsy of a black man fatally shot by police in the us city of atlanta on friday is confirmed his death as homicide 27 year old ray shot brooks failed a roadside breath test officers say then resisted arrest robbing an office is tasered befor
Alltime highs today and if you just looked at the market, you would have no idea, frankly, about the civil unrest across america, as thousands continue to take to the streets to protest Racial Injustice and inequality demonstrations last night a little more peaceful than on prior nights were going to dive into what could be a Tipping Point here in the u. S. Power lunch starts right now tyler, thanks stocks are at their highest level in three months as the rebound continues at a furious rate for more on the road back to record highs, lets get to dom chu. Hi, dom. Hi, kelly, lets talk about the massive amount of green youre seeing on the screen right now. As you and tyler mentioned, the vshaped recovery continues to move the dow industrials, 400point gains, about a percent and a half to the upside the s p 500, 3116, the level there. 1 gains there the nasdaq actually lagging for a bit now so far but lets take a little closer look at the nasdaq specifically the nasdaq 100. Because as tyler
We had a few clouds hanging over the market and civil unrest will derail plans to reopen the economy and add to that the rising tensions with china the white house blocking Chinese Airlines from flying to the United States and the ongoing coronavirus pandemic plenty of reasons for investors to be worried and yet here we are. Stocks are sitting at threemonth highs. Guy, what is that expression that you like to say, bad news, good price action and something along those i mean, is that what were seeing in the markets here yeah. Pretty much. Dont label me some raging books, tim, steve and other people i dont know if theyve necessarily seen the extent of this, but theyve clearly said the pain train is higher and thats correct. What it comes down to is would you rather be right or would you rather make money. The warning signs are clearly there. If your stock goes from 5 to 10, youve doubled your money regardless of the reasons why and thats what its come down to and one other thing ill thro
We will let you know how warm it will get in your neighborhood especially as we had through the week. Details are coming up. Lets go live to midland county, michigan. Flooding is out of control there after two dams burst there. There is a state of emergency. The area could be nine feet underwater by this afternoon. Unprecedented amounts of water are flowing downriver after one dam failed and then a second one about 10 miles downriver from that broke under the day louche. 10,000 people are under evacuation orders. Officers are driving through neighborhoods telling people on e loea get out. Midland is a city of 42,000 and facing an especially serious flooding threat this morning. Dow Chemical Company has a main plant sitting on the citys riverbank. That is under watch right now. This follows days of heavy rain and rising water in central michigan. Were talking abouts body flooding up and down the riverbank right now. We will keep an eye on it. Back to you. Thank you. The county is in sta