Good morning, everybody. Welcome to squawk box here on cnbc but this comes after a backdrop of a pretty big decline on friday on friday the dow was down by 700 points and this morning its up by 200 points you have the s p up by close to 20 points and the nasdaq up by 26 but we are getting to the end of the month and thats when we start to take notice of what has been happening with declines that we saw on friday push the dow and s p 500 into negative territory for the month of june. If they want to make that up they have two trading sessions left before we get to july so over the next two days the dow would have to make up 1. 5 if it wants to be positive for the month of june. S p would be up 1. 2 its up by 2. 8 . Lets take a look at what has been happening with the treasury market the treasury yield the ten year is the one that we always pay the most attention to it seems to be yielding. 645 . And i think he is going to have interesting things to say too in terms of trying to put it i
Commissioner bernie kerik. After three months of the coronavirus crisis, days of protests and arrests, new york city is back. Cue the Frank Sinatra music. Were open for business. We have a stages of recovery for the nations biggest metropolis. All that and more on making money. Charles sector rotation has been going on for about a month. Initially it was stealthy but no longer. In fact it cannot be ignored. Think about this, energy was bestperforming sector. Followed by financials and industrials names. Defensive sectors like utilities, staples, they were worst performing. Old adage, growth at any price . Maybe it found a price. Technology and Communications Services names. They put in a pedestrian performance. Today i have to say they look pretty lackluster as well. Where should you be investing right now . Lets ask two of the best. Rosecliff managing partner mike murphy and Gibbs Wealth Management cio erin gibbs. Mike, it has been too long. I have to go to you in part. You were one o
Root. So, ben, the market started off the week fairly happy about some comments by Jerome Powell, about this possibly great news from no no moderna on a vaccine to, and it managed to stay resilient through the week. Yeah, it really was. The news on some fronts wasnt great. Economic data was bad, new tension with china. But then you look at this other stuff, you have the vaccine from moderna, the data was from a very small subset, but it does look like vaccine is working. At least in this small group of people. Its going to take a long time, but it sends the message that the science out there to at some point get a vaccine, get more treatment, get the coronavirus under control. Were also seeing reopenings of economies across the country. New york is supposed to open in june now, connecticut is going to do some reopening this weekend with restaurants, and its a big thing. And even where there have been some hiccups along the way, were not seeing economies have to close up. Cities and sta
Provider. Scott cooper, what does a Venture Capitalist do . Basically what we do we provide money to companies that are trying to grow and hopefully become very Big Companies like a facebook or google or an apple someday and every doing our jobs correctly, were helping them grow the company so we dont obviously work in the businesses but we can provide and navigate new challenges as they go through the business, we like making ourselves as a money provider and a supporter as a business growth. Why can a company such as the one you described go to a bank and go through traditional avenues . A good question, the problem is most of the business we invest are very risky businesses that lose money for a long period of time as they invest in the business and banks unfortunately are not in the business of doing that or taking risk of losing the capital, we are willing to take that risk and about half of what we invested we will ultimately lose all her money and any bank to your promos will no
Levisohn, carlton english and al root. So, ben, the market started off the week fairly happy about some comments by Jerome Powell, about this possibly great news from no no moderna on a vaccine to, and it managed to stay resilient through the week. Yeah, it really was. The news on some fronts wasnt great. Economic data was bad, new tension with china. But then you look at this other stuff, you have the vaccine from moderna, the data was from a very small subset, but it does look like vaccine is working. At least in this small group of people. Its going to take a long time, but it sends the message that the science out there to at some point get a vaccine, get more treatment, get the coronavirus under control. Were also seeing reopenings of economies across the country. New york is supposed to open in june now, connecticut is going to do some reopening this weekend with restaurants, and its a big thing. And even where there have been some hiccups along the way, were not seeing economies