musk scex spin up elon rocket company is planning on spinning off star link. we will have the details. but first, we take a look at how the u.s. market fared today. we are looking at another day of record highs in the u.s. at least on the s&p 500. another record high with a risk on tone. nasdaq leading the gains. another record there. strong earnings from twitter. the tesla ipo debuting in the market as well. the bond market telling is a different story. yields falling there as well. a 164. we are near the highest we have been since the quarantine in china was initiated, but there is a little more nervousness out there then the equity markets are telling us, and it is all about crude. up about 0.7%, rebounding for its second day. in those three days, up 3%. closing in on $50 a barrel. paul: there was a positive tone in the world. trading after thursday s public holiday, playing a bit of catch-up. already higher by better than 1%. we are expecting another good day of trade in
Sides, janet yellen does not want a boom bust economy. She just wrapped up remarks. Itnne that q a just ending and. A fireside chat more than a question and answer panel. Very lighthearted moments, talking about her first days and weeks as fed chair as she does wrap up one of the last speeches we will hear from her before she steps down as fed chair. A lot of talk about inflation as well. Betty saying the fed is not certain low inflation is indeed transitory. Pretty significant headline coming from her. Mention, wideranging talk from everything from her first days at the fed, do the most interesting person is she has ever met. Certainly covered a lot of bases. As we digest these headlines from janet yellen, lets get to the first word news with jessica summers. Jessica the mexican peso weakened against the dollar. Robert lighthizer says there is no evidence canada and mexico will seriously engage in renegotiating nafta. This follows a fifth round of talks. They fell short of working on
Hunt may be over as conquest says it is no longer in the running. We are on bitcoinwatch j two. Day two. This shows the volume and price action that we saw. 3818. Prices were quite volatile. Volume was highest right at the open. If in doubt as we headed toward u. S. Trading hours. That was further evidenced among bitcoin critics. Demand thate retail is fueling what we have seen. Guest, stephent roach joining us from Yale University. He is calling it a speculative bubble. It is just the first day. Things could get more normalized. Girl lets also betty lets show you the u. S. Market. Nasdaq, the dow, and the all in the green. This is a solid recovery. Investors were much more bullish on some of these sane stocks in tech shares. An unwind of this reversal that we saw a couple weeks ago. We are seeing a mixed session here so far. Were looking at new zealand and australia. The kiwi Still Holding onto solid gains. The Deputy Governor was named the next central bank chief. Seen as a less radi