Good thursday morning. Welcome to squawk alley. Im jon fortt with morga brennan, david faber, here at post 9 at the New York Stock Exchange carl is on assignment. And were going to begin with todays rally. Stocks surging all of the major indices up more than 1 . Our dom chu is back at headquarters with a look at what is driving the gains today dom . So, jon, we are right near highs of the session right now the dow is up about 458 points, 452 at this stage. And as you can see here, almost 1. 5 to 2 gains at this stage for the major indices. The s p 500 really the laggard there. A lot of tlechnology and communication stocks powering that nasdaq composite to a 1. 5 gain overall with regard to whats driving the action, take a look at the sectors that areat most at wor and at play. Financials, industrials, technology, meanwhile, consumer staples, real estate, and utilities really lagging behind. The key level that we wanted to watch earlier on was 2945. That had been an area of resistance o
At protesters in hong kong after tens of thousands march through the town where gangs attacked pro democracy activists last weekend. And coming up at 8. 30, talking movies reviews the years blockbuster season. Good evening. Borisjohnson has pledged to fund a new high speed rail link between leeds and manchester, that he says will turbo charge the economy. He was speaking on a visit to the north west, with the full details of his proposals to be published in the autumn. But labour says the plans are a rehash of past failed promises from the conservatives. Heres our chief Political Correspondent vicki young. Taking his first steps as Prime Minister, Boris Johnson is promising a bright, optimistic future. But hes not the first conservative to come to manchester offering more investment for the north of england. At the science and industry museum, mrjohnson said action was needed to combat the hopelessness felt by those living in some northern towns. It isnt really the fault of the places
Going down. Look, i have the i have a list in my hands, like senator mccarthy of 54 known stocks in the s p and how they would do inverted the top 20 ive been working on. Three are hurt 17 that win. If everybody decides that theyre going to pay less for every stock because of this, all lose the algorithms are set to make sure all these use our economy is not as uniquely sensitive. These are not exporters that need to have a dollar weaker dollar is just getting stronger. Extraordinary rally in the dollar dont want to see it i struggle to reach a conclusion that this is all bad given the fact that germany had rates for some time and the market is not doing that badly, even though they have an export economy and their dax, real terms, is up even though theyre exporting right to china in and those sales are weak as we see the numbers from china it is not the end of the world or the German Market would be down. No one is asking if it is the end of the world if it is the end of the cycle, ri
Hello and welcome to world news today. More than 1,000 people have been arrested in moscow, during unauthorised protests against the banning of many opposition candidates from local elections. There were scuffles as police dispersed groups of protesters, who responded with anti putin chants. The Authorities Say around 30 candidates failed to collect enough valid signatures, but the barred candidates say theyve been blocked for political reasons. From moscow, 0leg boldyrev reports. Police warned people from moscow not to come out for this unsanctioned protest but a few thousand came out anyway and soon they paid for it by being dragged into custody. The arrests were met with defiance. The police are trying to push back the protesters, who came here because the candidates they support were not allowed to participate in elections. We dont know how many people came to protest but plenty of people are angry that the candidates theyve been supporting were denied the chance to participate in
And in the yellowjersey, colombias egan bernal, looks set to win the Tour De France from team mate ge rint thomas. From team mate geraint thomas. Good evening. In another policy announcement three days after becoming Prime Minister, borisjohnson has pledged to fund a new high speed rail link between leeds and manchester. He says it will turbo charge the regions and unlock jobs, boosting growth. He was speaking on a visit to the north west, with the full details of his proposals, to be published in the autumn. But labour says the plans are a rehash of past failed promises from the conservatives. Our chief political correspondent, vicky young, reports from manchester. Taking his first steps as Prime Minister, Boris Johnson is promising a bright, optimistic future. I wasjust thinking. But he is not the first conservative to come to manchester offering more investment for the north of england. At the science and industry museum, mrjohnson said action was needed to combat the hopelessness f