You are watching Worldwide Exchange here on cnbc good morning welcome to the show. Im dominic chu with me for the entire hour is analyst lindsay bell, also a cnbc contributor. Well get to lindsay in a moment breaking news as u. S. Stocks look to open sharply higher after a rocky day on wall street the dow falling almost 1,800 points to march in march when it fell almost 13 . You can see with the time lapse those moves. The dow is now down more than 7 at this stage. S p down nearly 6 , nasdaq down 3 all on track to snap win streaks with the major average this week alone. Yesterday, we continued to watch technology microsoft, facebook, apple, amazon, alphabet all closing sharply lower. Shedding more than, get this, 269 billion in market value this is the nasdaq 100 etf versus the russell 2000 small term etf over the last couple of weeks, w we saw all of that create tiffity in those names and small caps and underperformance there. A trade well watch specifically play out today around the
Quarter gdp. All coming up at 8 30 a. M. Eastern and investor reaction. Reaction from u. S. Labor secretary Eugene Scalia, hes here live at 8 30 a. M. Eastern. Ahead of the numbers, markets mixed. Markets surged yesterday but this morning dow futures up 75 but the s p and nasdaq futures negative. This on top of yesterday when the dow closed above 25,000 for the First Time Since march tenth with big rally yesterday at the close on wall street. As you see the dow industrials up 553 points at the close yesterday, nasdaq was up 72 and s p 500 yesterday up 44. President trump versus social media. White house reportedly set to take executive action to hold companies responsible for stiffing free speech and the Michael Flynn controversy deepens this morning. Attorney general william barr announcing brandnew investigation more unmasking, looking at what happened before and after the 2016 election. Plus major travel destinations returning, las vegas resorts ready to welcome guests once again, d
All of faang higher with names like paypal up 5 today. We have two bad final hours of trade over the last two sessions and we have sold off over the last couple of hours off the session highs as we stand. Ahead on todays show, well speak exclusively with Thomas Barkin on the heels of another massive jobless number why he says we may be at the bottom of the downturn he just said that on a podcast about an hour ago. Plus, former treasury secretary, jack lew, will join us to discuss the governments tuss efforts and whether cash is going to the right places and the countdown to another big afternoon of earnings. Uber, roku, dropbox and trip adviserme adviser. Well bring you all the numbers you need the know as soon as they hit were off the session highs. Dow high was 430 points. Up 206 just shy of a percent s p 500 and nasdaq still up more than lets focus on the big stories mike is tracking the market rally. Meg has the latest on moderna jumping on news surrounding its vaccine candidate, b
Drug that meant people werent dying of this. In the study, only two people died no placebo up against the remdesivir they were using these are early results but promising signs of hope. The dow futures indicated up by about 700 points if we continue like this, that would put the dow in positive t territory. S p indicated up about 75 points and the nasdaq indicated up by about 177. Lets look at the treasury market yesterday, those yields for the 10year were under a little pressure they had come back down even more we were talking about under 0. 7 looking now at the 10year treasury, you will see on this friday, last trading day of the week, the 10year is yielding 0. 64 . Looking at oil and the shut down of Oil Production and cuts of the number of barrels being produced a day around the globe, you did see prices come back down it is not enough to keep up with the dropping demand. Watching that too. This morning, wti is down to 18. 61 a barrel well be talking markets, potential medical bre
We have an exclusive interview. In hong kong the government is again rejecting calls for universal suffrage for the chief executive here. This as anger bubbled back on the streets of hong kong. Shery australian markets have just opened to trade. Lets turn to sophie for a check of what she is watching. Sophie we are seeing stocks gaining ground,. 1 with the stock market looking overheated and valuations and records. The latest, investors buying into the aussie stock rally. Environmental risk around the earnings estimates. Futures looking mixed. It is opening slightly lower, this nikkei futures under pressure ahead of japanese industrial output we will get later this morning along with taiwanese export numbers and jobless figures from hong kong. We are seeing new york crude. 1 , asground over investors consider the potential impact from the auction health in libya and iraq. Said this is a policy delay disruption and there could be a quick turnaround if there is a political solution. Liby