Inperson classes. And no deal yet as the automaker takes a test drive with automaker elon musk. This is Worldwide Exchange here on cnbc good morning, good afternoon, good evening and welcome wherever you are watching hope you have a good tuesday here is how the markets are setting up the day futures are down nasdaq ended up losing over 4 late last week and it could be more today look at that, nasdaq futures are down 253 points. Remember, what we have seen happen, when futures really begin trading, always tends to accelerate we cant say that will happen today but that has been the trend. Nasdaq futures are down significantly. That is not a good look in the Technology Part of the markets which controls the entire stock market snapping a fiveweek winning streak as investors learned that soft bank was a big driver placing multimillion dollar bets on the Options Market. Despite what is happening right now, goldman sach thinks so. Advising clients to keep their faith in Technology Stocks unl
In demand for oil. Francine it is amazing. F you look at the price he was gloomy and said this was serious. Interesting is that all of his modeling shows there will not be enough Storage Capacity because demand will fall so much. It is based on every country not cheating. If a country needs to balance its books you might open the taps a little bit even if the price of oil is low because you need the export revenue, but that may make things worse. I think thats what he was trying to convey to us. Tom no question about that with oil. Jonathan ferro was talking yesterday about the global contraction in oil. In new york city here is viviana. Report on the impact of coronavirus on the oil market. This year oil demand will plunge by a record of 9 . The executive Director Director on surveillance moments ago. This will for efforts by the opecplus coalition to contain the rush of crude. Shrink byill almost a third. Toald trump halting payments the World Health Organization, he blames them for
Border protection Officials Say that they encountered about 52,000 migrants at the border last month, down about 65 in may of one of 44,000. President trump had threatened to impose tariffs unless the country helped to stem migration. Bloomberg has learned the u. S. Is moving ahead with talks on restricting capital flows into china. There is particular focus on limiting chinese stocks and u. S. Government pension funds. The u. S. Supreme Court Appears to be divided over whether federal law protects gay employees over being fired because of their sexual orientation. Todays hourlong session suggested that gay rights advocates had the chance to win the votes of conservative Justice Neil Gorsuch along with the four liberal members. Separately, the court is considering whether the main job bias law, known as title 7, outlines lgbt discrimination. Global news, 24 hours a day on air and tiktoc on twitter powered by more than 2,700 journalists and analysts in over 120 countries. I am Mark Crum
And last second. Up by at russell 2000 better than 2 and it has and it is ent years getting its own. 2 on the ent to 10year which is not a big move, be going crazy saying we should sell equities. To market is really trying figure out where the he can equilibrium s any given day. We will be fighting that until liquidity into the system. There is a t it in, six to ninemonth lag so that is is a next year when there pretty powerful equity blowoff be use people will just moving in aggressively at that point. Back but we will come pwabg first lets dive deeper into the action of the close. Im looking at what you were talking about small cap anding a ut rally up three days in row up more than 5 and back to january. It is pretty sunny. An last time the russell had see ime high last year we the down trend and russell 2,000 to get out of its own way. We looked at there last week or as it was week starting to go above the 200 day average. Look at this. Popping above down trend but did that earlier
Plus, strike watch. Hollywood reaching a deal with writers while the auto walkout enters its second week. Ford says significant gaps still remain, and amazons ai move investing some 4 billion in a chatgpt rival. Lets begin though with a new market week. After four days of losses, mike, and we lost the 100day moving average on s p. Yeah. New market week. You have the tenyear up 4. 5 . We closed pretty close to the lows on friday, and now i think its become the debate point is we expected we would have some seasonal weakness. We came into august overbought and overlogged and everybody embracing the soft landing scenario. Now we have had a little bit of correc corrective mindset to that. How deep we have to go is a question of terms of trying to account for the rates and why theyre there. I wasnt necessarily that alarmed at the specific changes the fed made where they took away two cuts from next year and essentially higher for longer and they have been saying for a very long time, you. T