To president elect biden Energy Continues a monster move higher the oil and gas etf up 13 in the last two days. Despite the steady increase in covid cases vaccine developments are continuing to help the likes of the airlines, cruise stocks, retail all surging higher today as we cross that 30,000 level once again, to check it we are still above it will we say that 59 minutes left to trade. 29 points above it. On todays show, two voices to help explain the dows record rise in just a few minutes Jeremy Siegel will join us and later Liz Ann Saunders plus former testry secretary jack lew will discuss president elect biden pick of janet yellen to lead his treasury administration. Lets get the latest from wall street mike santoli is tracking the action to led us to dow 30k. Certainly the story today because of that big round number i am going to keep it consistent, though, and take a fwlims at the s p 500. Similar look in every respect in terms of getting back up pretty much to an alltime hig
And lisa abramowicz, im jonathan ferro. Is one of the worst charts in the world. With the Stoxx Bank Index hitting a record low, you wonder where that folds into the system. Jonathan theres a line i remember from the former ecb president mario draghi, when he turned around and said rates have to be lower and out to be higher in the future. It was 2014. They just went negative. They are still there. Will we generate an economic recovery on the continent that leads to higher Interest Rates . The answer right now is not any soon. Tom bring up that chart. It is really an elegant chart. This is the thing that we were talking about. It is the xaxis of all of this. Whether it is the european back malaise pushing back 12 years, even 14 years, it is the duration of these agonies we have to focus on. Jonathan weve just never recovered. This week, the equity benchmark , the daxurt, germany since then, we are down, we are down almost 6 . Tom how do you measure the mystery of what is going on and w
Edward lawrence will have airline news in a minute. But, lauren, we start with you. Lauren all right. Well the good news today, guys the rally we saw all day held into the close. Look at that, the dow up 1 1 2 . The nasdaq up 2. 1 . I will give you three Major Regions for the rally today, you touched on some of them. All 50 states eased their lockdown restrictions. The fed. We got the minutes. They are discussing ways to provide even more support to the economy. And tech, once again in the drivers seat. Take a look at amazon and facebook shares. They did hit record highs. Did they close at record highs . Facebook, yes that is a record high. Amazon, oh so close. Facebook though, they announced a new on line marketplace that can compete with amazon and others. That is why you see a 13dollar gain for the stock. Dow positive for the month of may. Nasdaq and s p 500, leadership was broad. Again it was in energy, financials and materials. Much of the power behind the rally that we saw on mon
[inaudible conversations] welcome to the Houston Museum of Natural Science i am the director of Adult Education here at the museum we have the honor this evening to host mr. Brown on his discussion his new book make think imagine also here at the museum if youre watching through cspan. This evening we have a wonderful presentation and then followed by a discussion with professor minnis cini from Washington University so now i will handed over to laura brown help me to welcome john brown houston. [applause] ladies and gentlemen. I want to thank the Houston Museum of Natural Science for inviting me to spend some time here this week on the board of several museums and galleries i have a deepo appreciation for the role of institutions like this play in the local community and in society more generally. Into a window of the past and the failure of the present and a guide to the future those resources that go above and beyond what we read in books houston is fortunate to have this place and
Billion. That is the rumor promising 850 billion. That is the rumor from secretary of the treasury Steven Mnuchin. Crude also recovering. We still have a two handle, all after the vix hit a record monday. Time now for global exchange. We are going to bring you todays market moving news from all around the world. From new york to brussels, washington, and berlin, our bloomberg voices are on the ground with this mornings top stories. Futures trimming early gains this morning, then rallying. Here was more in new york is bloombergs annmarie hordern. Walk us through some of the action so far. Annmarie as you said, we hit limit up on those futures. We then went lower into negative territory, but now back in positive territory. It does look like the bears are in control of this market. The biggest plunge on markets since 1987. In europe, similar story. We were seeing a lot of gains, then went negative. Right now on the stoxx 600, we are about flat. We are seeing some Massive Gains on the lose