This is a boom bust the one business show you cant afford to miss their montecito in washington coming up the Federal Reserve has that its working on the next pair of mental Digital Currency and now theyre partnering with a Big University to test it we have a boom bust panel coming up and michigan built its plan for the future of the auto sector but how long before we actually see the plant come to fruition you have a car folks standing by several lots to get to so lets get started. With the news of Central Banks around the world creating their own Digital Currency as well many have wondered if and when the u. S. Might follow suit well now we have a better idea as the u. S. Federal reserve has now partnered with mit to develop a hypothetical Digital Currency over a 2 to 3 year period in other words this is a digital equivalent to cash Federal Reserve board governor brain ard said given the dollars Important Role it is essential that the Federal Reserve remain on the frontier. Research
Hackett was brought in, he was a board member, previously he had done a great job at steel case the Office Furniture company in michigan and when he came in and he said, look, we are going to transform ford, get it ready for the future for Autonomous Vehicles, for electric vehicles. That hasnt happened ford has been mired in really not being making the move that its needed to make since 2017 they are starting to change that a little bit some of that because of the moves that jim farley has made as coo, he becomes the ceo effective october 1st and the marching orders are pretty clear. Transform this company, get ready for a future with electric vehicles, Autonomous Vehicles at some point, not immediately, but at some point, but, guys, this is the most interesting stat that i can find. If you go back over the last, what, 20 years, 19 years, only one ceo at ford, alan malaly posted a positive gain in ford shares there you see hacketts performance since may of 2017, down 38 , similar to fi
President trump this a uturn says warning mask saying trump does a uturn saying Wearing Masks is patriotic. Backing for that extra u. S. Futures opening flooded ae momentary after we lacked were setting up for a mixed clear direction in the session. Session in asia. We ended up with a session mixed to clingres managed with the tech surge fall during. S p 500 index did manage again and finished at a four point onto some gains. Amid concerns we could be far at a fourmonth high. Off from another stimulus package in the u. S. , even though we did see an agreement coming out of european leaders. Senator Mitch Mcconnell casting doubt the stimulus bill would come in the next two weeks. We did get a rally in energy and flat at thetrading financial stocks good investors moment, not much of a move. Are more hesitant when it came to kent came to Tech Companies as we are getting singapore, nikkei futures down earnings later this week. By seven tens of 1 . New zealand, a quarter of 1 the bloomberg
Seeing a lot of treatment claims. Getting the streets attention. This company appeared virtually out of nowhere. Progress to likes of regeneron, becton dickinson, benefiting from the 1. 6 billion u. S. Government commitment. You have makings of something down the pike that could treat the virus, maybe as soon as the end of this year, in the case of some of these phase 3 advanced trials, maybe as soon as the fall of this year. But being coast to coast were all over the place on all these other developments including out in california where they are extending shutdown provisions now expanding to include virtually all businesses, indoor dining, barbershops, salons, tattoo parlors, you name it. Also focusing on whats going on in florida right now a big spike in cases but as stuart was just telling you some confusion about how many of those cases are indeed positive. Weve got the the latest going on in texas, where the spike in cases is so severe theyre looking at crowded hospital beds. Ree
Vacation go when they cant leave the house . Nowhere just sleeping in and hanging out with the family. You look over, 3 50, those losers are up. Is this me this is me. Good. I finally rattled you. Difficult to you i rattled you watch the silliness. We are hearing a lot of things sharing you were twerking, i figured i better get back quickly. Nobody wants to see that. You cant unsee that u. S. Equity futures at this hour, lets tell you quickly things are down for the markets. The biggest decliner is the nasdaq no surprise because of the hearings happening today for the big four the nasdaq off 1. 257 . The s p indicated up by 9. 5. There is so much happening today. Well hear from boeing General Motors General Electric and others before the bell. We are keeping a look at whats happening from the treasury yield this morning the fed conference the 10year at 0. 589 . Andrew is going to tell us about one of the big things we are watching today the big one, the nasdaq will be an historic heari