Sanctions and claims to the South China Sea take center stage today. Stocks are shrugging it off. The dow up more than 400 points but the big tech is struggling faang, internet names that have been on fire are seeing weakness today. Were following it all 59 minutes left of trade. Certainly weve been all over the place in markets but were up as we stand with the major indexes we have a big line up of guests. In a few moments well speak with shrewsberry, cfo of wells fargo. And Robert Kaplan will join us and well speak with Michigan Governor Gretchen Whitmer an earlier biden endorser as biden lays out more details of his economic plan. Lets focus in on the big stories were watching at this hour wilfred has the highlights ph wilfred, start off with the banks here. The key focus, sara, as we expected it to be on provisions for potential bad loans. They rose from all the banks from q 1 to q 2 and rose more than expected. Wells fargos more than doubling quarter over quarter the big question
Flying military satellites. This event is hosted by space news. Good afternoon, everyone. Thanks everyone for joining us. Were happy to have you. And wed like to welcome our panelists. Good afternoon general sean, Major General john sean joining us from Vandenberg Air force base. Welcome, can you hear us. I can hear you. Can you hear me . Perfect. So Major General john shaw is the commander of the Space Operations command under the u. S. Space force and hes also the commander of the combined force Space Component under u. S. Space command. So general shaw, im sure this was a very exciting weekend. You commanded the task force 45 that was responsible for being on alert in the event that the nasa astronauts had to be rescued. So i guess maybe if you wouldnt mind starting walking us through what happened with this launch and also telling us more broadly in the Space Force Im sure a lot of people ask you what do you do in the space force and im sure you tell them everything that you do, we
Hear me, sandra . Perfect. Major general john shaw, he is the commander of the Space Operations commands under the u. S. Space force and he is also the commander of the combined force Space Component for the u. S. Space command. Communications, gps, Weather Services but not a lot of people understand we also provide support for human spaceflight. Walk us through the mission and. Thank you. Thank you for hosting and greetings from the air force base on this beautiful Central Coast of california. Thanks for this opportunity. A lot of things upfront so i guess i will talk for a little bit. It was not only an incredible weekend but its been an incredible month, the month of may 2020. Earlier this month we launched in x. 37 from Cape Canaveral. The people in the air force to transfer and now who do we have that may be a transfer to the space force. On top of that they have recruiting commercials in the month of may that are kind of cool to watch and interesting. I point out in both of the c
Panelists. Good afternoon, general shaw, Major General john shaw joining us from Vandenberg Air force base. Welcome. Can you hear us . I can hear you break can you hear me, sandra . Perfect. Major general john shaw, he is the commander of the Space Operations commands under the u. S. Space force and he is also the commander of the combined force Space Component for the u. S. Space command. Communications, gps, Weather Services but not a lot of people understand we also provide support for human spaceflight. Walk us through the mission and. Thank you. Thank you for hosting and greetings from the air force base on this beautiful Central Coast of california. Thanks for this opportunity. A lot of things upfront so i guess i will talk for a little bit. It was not only an incredible weekend but its been an incredible month, the month of may 2020. Earlier this month we launched in x. 37 from Cape Canaveral. The people in the air force to transfer and now who do we have that may be a transfer
Last roughly 12 years or so. Relative to today, stocks are sharply higher. We have crude oil, another risk asset recovering at 21 a barrel. There are some folks thinking that the demand picture is improving, sending the Energy Sector to the top of the list, and that is also helping small cap up 3 from outperformance. A lot of the Energy Companies are on the smaller topside. Itfor the bonds and the fed, has been about the news of more issuance from the treasury. We have the yield curve again steepening, i think four out of the last five days, rising by about 11 bits this week. The is healthy, that is yield curve normalizing, something that the fed wants to see. If it continues to steepen, it will put volatility to the markets to the downside or the notways chop way, that is happening today. Keep an eye on the yield curve. We have the long end selling off in the two year call carving out a record low. David extraordinary, thank you. 20. 5 million jobs were eliminated in the United States