Trade in the next year or two. We want to run through the closing numbers here. Looks like we will settle in around 2798 on s p 500. 100 right around 86. 64. It was a pretty broadbased rally. Chipotle,erest pinterest, waiting for more that could give us more guidance on what to expect with regards to the potential gain for equities. Scarlet we are waiting for earnings out of a Railroad Company, but at looking at trading volume, it is a broadbased event. It is interesting on the big updates, we are not getting the level of participation you might expect. There are people waiting if the bottom has put in here. There is a lot of momentum towards figuring out when the economy will reopen, how it will be open by the treasury secretary todd public he about the getting everything reopened by the end of the summer. I think sometime in august . Yeah. We should point now, we are getting news crossing the wire with regards to the covid19 cases in the u. S. They rose to 3. 1 , however, that is bel
1 despite a couple of earnings reports that were really disappointing, including the kraft heinz report. Management they are saying that kraft needs a plan in place. A new ceo, of course. For now, definitely a lot of selling. Symantec is up about 10 on reports that broadcom may be very close to some and a two symantec. Ith in germany, a pop on 10 year yield. Germany may be thinking about the possibility of maybe breaking the black budget, the budget. Z european bids are higher. Eurodollar leading the story. 1. 5 . Crude also up vonnie we are joined by bostick. s romaine we had these rumblings out of germany, and in the u. S. We are looking at china still. Romaine this would be a huge deal in germany, but this is something that was talked , whichall week long would be a complete game changer when we talk about the direction of rates and where they were. Obviously that is really what fed into the market selloff earlier this week. Chinaou also had providing a little bit more comfort, at l
David if they could get the pay equal to the americans we would have all would be all set. Finals on sunday, right . Scarlet yes, it should be a great match. Cant wait. David neither can i. Scarlet looks like were going to have a higher day on wall street, building on gains after the s p set two record highs the last two days. A lot of data coming up over the next hour and a half. Weve got factory orders, durable goods, i. S. M. Services and euros, slightly firmer against the dollar. P. M. I. Improved in june. But all the growth is really in service, not in manufacturing and the demand for havens continues. You can see the green color showing buying and treasuries, bringing the yield down. 1. 95 . And with that demand for havens, extending. G gold euros sixyear highs. David its time for the morning brief. This was coming up today. Were going to get u. S. Trade balance data for may may. Around 9 15 this morning, ford will be releasing its latest sales for america. And we get june Market
Nonopec allies. We are already seeing demand pick up, refineries that had been in maintenance have come back we Inventory Data out of the u. S. Prove what i said, that demand is picking up shares in Funding Circle plunge after the online lending platform cuts its fullyear revenue forecast in half and blames softer demand for loans as we mentioned, its been an interesting day for european bond yields. You can see the italian, spanish and portuguese there, theyre all at record lows really significant numbers if you think about the context. Over the last ten years, in germany the negative yield rising slightly back towards zero down still at 0. 36 . You can see the ftse 100 is in positive territory up 0. 5 . Similar story with the ftse mib. In germany and france, both of those indices slightly below the flat line. Lets look at the u. S. Markets over the course of yesterday we saw extraordinary numbers with the s p 500 hitting a record high the dow jones also up more than 0. 4 the nasdaq t
this is bloomberg surveillance. we are live on tv and radio. i am alongside tom keene. the focus is not on the building behind us this morning, but on number 10 downing street. tom: it is a movable story. we will go to that. it will be with us through surveillance, but a lot more going on in the economy, in inflation. let s not forget the jobs reports for america. looking forward to catching up with the economic council director. a bit of perspective there is a mechanism to deal with these things for the british public. they are staring down the barrel of another conservative prime minister. he is fighting the mechanism. i was stunned by what ben wallace said. it was the first thing i thought of. this is essentially the defense minister. how does boris johnson affect international policy, particularly the war in ukraine, where he is provided leadership? jonathan: with great leadership. he has been a tremendous ally to the ukrainians. i don t think that will change for t