Disturbing and said it could top 100,000 cases per day. And we are preparing to close the books on what has been a rough first half of the year its included a painful, record breaking sell off followed by a fast, record setting climb back up stocks set therefore for their best quarter in decades. 59 minutes left of the session morgan, we are up a full percent on the s p 500 yeah, were watching that last day of the quarter, last day of the first day my goodness. Coming up, as we wrap up the first half of the year, were going to focus on why not work from home. Twilio stocks up in 2020 well speak with the ceo about the demand for his companys Cloud Services during the pandemic mike is tracking the Market Action kayla has the highlights from fed chair powell and secretary mnuchins testimony on capitol hill and joining us to look ahead to the second half of the year is lori but mike, lets start off with you and a look at the market this is a good illustration of the old say a iing dont sho
To push for reform of the citys Law Enforcement. Meanwhile amazon takes a step back from Law Enforcement for the next year the tech giant will ban police from using its facial Recognition Software thats been shown to misidentify of people with darker skin. And born during lockdown with her parents far away after weeks of separation the surrogate baby in the ukraine finally meets her family but many others still face a long wait. Im sumi so much kind of thanks for joining us at a dramatic congressional hearing the brother of george floyd has called on lawmakers to make sure he did not die in vain floyds killing in Police Custody ignited protests across america and around the globe the play by felonious floyd comes as the man. To reform policing and stop africanamericans dying from Excessive Force by white Police Officers. The day after his brother george was laid to rest in houston texas. Alone as floyd was in washington d. C. In an emotional testimony he called on lawmakers to ensure t
There are two parts to the story here. The first is the spike in coronavirus cases which the market seems to be shrugging off. But the second part is stimulus, extension of the ppp program. Which is more important right now. At least when it comes to investors. I think the shrugging off part is the most important. Investors saying no matter what happens with the coronavirus well not go back into lockdown and number two, the ppp and other stimulus measures will over the past several months help dampen the blow lets say. Jackie right. Sometimes the markets can be spot on sort of looking forward. You mentioned the fact they think no more shutdowns. Well continue to recover. The economy is going to reopen slowly but surely. Sometimes the markets will get it wrong. What if there is an unforeseen event here . What if the young people that are contracting the virus do potentially spread it to the more vulnerable and older populations . What if the market is miscalculating adam . I dont think
Delivery of 7 . Look how we are in terms of the major indexes. Asian markets, most in losses tracking to 3 drop on wall street overnight. Opened slightly earlier love earlier. Slightly lower earlier. We are watching petrochina down at this point in time. The hang seng, down about 1 . Kong announced an expansion of its restrictions aimed at curbing the spread of covid19. That would weigh on the economy even more. The sti, down more than 3 . This is a market that returned to bull territory recently and citi said investors are pricing in post recovery. Singapore reports higher cases, more than 1000 for the second day running. I want to dial back to the oil story because we see oil moving to the upside after two days of unprecedented action and a spectacular selloff. Opecplus ministers holding an unscheduled conference to discuss what has been going on. The closing statement signals there are no new measures planned at the moment. Lets bring in mliv asia editor. Oil is on the up. We had tw
Begin to resume, as many assume in june and maybe be back to something more normal by this summer, i think a v is possible, but i am worried that the outcome will be worse. It really depends to my mind on just how much damage is done during the time that the economy is shut down in the way it is now. How much damage is done joining us is bob dole, chief equity strategist. Thanks for being with us i want to get your thoughts on the potential for this recession and subsequent recovery and specifically how thats factoring into your outlook for the markets . Yeah. Im not using a u or v im using a checkmark, kind of the big decline and then a noticeable, but slower uptake than we had on the downside. As you know we shut the economy off. We turned it off its not something from the outside did it we chose in order to fight coronavirus to do that therefore, we can turn at least some of it back on it will take longer to convince people its safe to come out from under the covers when it told the