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In focus with Russian Hackers targeting Companies Working on covid19 vaccine development. This after a massive twitter hack on the accounts of top lyrical and tech leaders. The attackers got access to internal controls. Michael chertoff told bloomberg earlier that twitter must ask itself two big questions. Are they adequately double checking the identity of the people posting on a regular basis . And also get to the bottom of how somebody on the inside was persuaded into turning over the keys to the kingdom. Facebook is also doing some soulsearching after the social net works latest diversity report showing the company is struggling to recruit black engineers. We are going to hear more on that with Maxine Williams. I spoke to her exclusively. She is reporting to sheryl sandberg. Meantime, cases of covid19 continue t ....
Good morning, everybody. Welcome to squawk box on cnbc. Im becky quick with joe kernen and Andrew Ross Sorkin well start with the markets after the dow fell for the first time in four sessions. Airlines, cruz and retailers all fell during yesterday sessions those have been the volatile stocks if you look at u. S. Equity futures this morning, youll see green arrows the dow indicated up by 28 points nasdaq up by 24 and s p up 4. 5 yesterday, the dow was down 170. During the course of the morning, we were watching the futures and up as much as 250 in the morning. Weve been keeping an eye what is happening with the treadsry markets. Right now, it looks like that 10year yield is just at 0. 71 andrew good morning. Thank you. United states pulling out of talks with europe to tax tech giants Steven Mnuchin saying international talks have hit an impasse and there wasnt even room f ....
By market. Indonesia coming online. You are seeing a marginal gain. Although when it comes to the virus, the deadliest day yet in indonesia. The story is chinese stocks. The csi 300, we are up another 3 , extending the fiveyear highs. All four of the major benchmarks in china in overbought territory. Is it the case of foam a of fomo . The topix up by 1 . We expect the earnings season to kick off with consumer stocks. The market has underperformed as of late. We are also watching currencies. We mentioned the dollar, posting the drop. Across asia fx, a strong renminbi. Risk on move today. Brent crude, hovering around the 43 mark here. Commodities gaining ground in the second half. Copper futures slightly lower today, but up last week for the seventh straight week. Lets get context with our reporter. There seems to be a very clear upward trend when it comes to virus infections in the u. S. Several other economies have reopened. How do you see that affecting markets right now . Reporter ri ....
Tread the virus spread between people to the highest level. To the lowest level. Abigail very risk on. The bulls rushing back in. S p 500 up for a fifth day in a row. Longest winning streak of 2020. This is the first time we have had a fiveday string of gains. That tells you the degree and strength. Individual stocks having positive news. The nasdaq had a new alltime high. The stock, the chips index, same thing. Faang index driven by the likes of amazon and tesla. The fangs, those are the stayathome stocks. You were mentioning the virus data still being pretty bad. Realworld. Een the last couple of days, it has been a global rally with asian and european stocks. The new york faang adex really doing its best on yeartodate basis. Then it is the chinese tech stocks, the cqqs. Up 22 . S s p 500 and European Tech etfs up just about 6 . That has to do with those European Technology i ....