167 drop. Turn positive 59 minutes left in the trading day. Yeah, set for another record day all time close for the nasdaq coming up on the show, the dow component and tech component an hour away from that up more than 30 from the march lows still down year to date. Well have full coverage and analysis when those numbers hit. First of all, lets focus on the big stories were watching mike santoli is back and tracking all the Market Action for us meg terrell has new details on a number of vaccine candidates and were following the action in washington with the key deadline approaching. Mike, lets start with you its almost faz that rotation out of tech into value didnt even happen. You missed it all of last week you know, exactly a little bit of a stutter step that is all. Maybe it took for the overheated big nasdaq names to cool off for 4 1 2 days, 4 1 2 trading days but they are leading the way today. Is a very narrow rally it is a slow motion breakout you look at a year to date, thats g
We did get japanese factory orders which were disappointing down 7. 8 in may they were expected to fall only 5 were down full 1. 5 as you can see in hong kong a little more than that in shanghai 2. 6 . European equities are lower, down around about 0 where do we look on the screens 0. 1 there we go, down 0. 2 in france, italy holding on to slight gains we did get some better than expected german Industrial Production data up 0. 3 in may. It was expected to fall slightly treasury yields back about 2 . Similarly the german yield is back above 0, negative 0. 4 and were up 0. 23 . Deutsche bank announcing it will pull out of Global Equity scales, scale back Investment Banking and slash 18,000 jobs as part of a Global Restructuring plan you have been following this story obviously throughout the weekend. And i thought your comments earlier with dom chu were interesting. You sort of term this as ripping the band aid off. Finally. Perhaps a little too late. Finally exactly. So 18,000 had cut
Moving averages. This months worst performer on the dow. Plus activism in the restaurant sector. Outback steakhouses Parent Company down sharply. Lets begin with the markets extending this weeks losses, not a lot going right, and today, mike, a lot of it surrounds china and worries about not just growth but the debt burden as well. You wouldnt say its a new factor bits been on the list o worries. You have one of these situations where once you have this pretty sharp break in momentum to the upside, several weeks ago, some breakdowns in the longer term trend, some concerns about, you know, valuation that were always there that are being exacerbated and why has the yield become unanchored, treasury yields, and even global yields . All that stuff in the mix and then you have the related concern of, oh, what might what stress points might we see emerge out of that . All thats in the mix. I do think, also, yesterday, with the yields making those new kind of 15year highs, you started to see
Because like, instead of the, the history of the area in town of lands back. Unless inextricably linked with that of naziism, it was here during his incarceration in the towns prison in 1924 that hitler rotates inflammatory anti semitic manifesto mind comp. During the nazi era, non sped was known as flushed on tickler town. A place where many concentration camps were built right up until the end of the war. As the u. S. Army advanced in april 1945. It deliberated the loss of life is set the concentration camps. In the months that followed some 50000 jewish survivors gathered in southern germany, they had lost everything. They were once again housed in comes this time run by the us army and the united nations. But in post whole lands bag, the Holocaust Survivors werent welcome. Todays day the town cant agree on an appropriate memorial for the victim. So if the show in the could you tell me where it is play here . I dont see this is the play the site is want. Yeah. Okay. The little scene
We travel around your, facing the history of every day, all set. And thats something right around the world. No need to talk about just a subscriber id, listen to part costs, and well take you along to the right. The, the history of the area in town of lands back im latch is inextricably linked with active naziism. It was here during his incarceration in the towns prison in 1924 that hitler rotates inflammatory anti semitic manifesto mind comp. During the nazi era, non sped was known as it lashed out of town. A place where many constant station times were built right up until the end of the war. As the u. S. Army advanced in april 1945. It deliberated the loss of vipers set the concentration camps. In the months that followed some 50000 jewish survivors gathered in southern germany. They had lost everything. They were once again housed in comes this time, run by the us army and the united nations. But in post whole lands bank, the Holocaust Survivors, one to welcome todays day, the tow