yields crumble this move lower has huge implications on commodities, rates and multinational stocks tim, you say this is the sloppiest chart in the market right now. why? this has not been orderly sloppy for the dollar is not something we should feel confident about. in the short-term, i think the dollar is oversold i think we could see the dollar bounce a bit but i think this trend is intact i think it s supported by some of the fiscal dynamics and really also a current account surplus in europe that people kind of forget about and banks that are a bit better in europe. what does this mean for oil? we forget that oil was really the asset class that led us down into the abyss this was a sunday evening when people were concerned about the rest of the world and you saw that saudi and russia were not going to deal with oil prices. what it meant for asset prices around the world and certainly for hard assets is very dramatic oil is the last to recover these charts have been con
worker training. what is the best way for americans to help themselves cruise lines say they re the safest place to travel while on the pandemic but is it the safest place for your cash? all that and more on making money. . charles: folks, markets moving gingerly but positive this after a high-powered rally spun out of control yesterday t was led by tesla which by the way is in the midst of one of the greatest runs in the market and helping nasdaq up eight out of 11 weeks. since may 1st, the index as of friday was up 23% this week, riding the coattails of musk and tesla. finally tesla was moving a little too fast yesterday t spun out out of control. it triggered selling of hot stocks. that coupled with the news of california shutting down businesses everything sort of spun out of control. along the way investors shocked by june s budget deficit, $861 billion in one month. on that note, higher cpi reading prescient for today s trading maybe the fed may be more accommodative.
good morning welcome to squawk box here melissa lee is hanging out again with us. becky is off today for some well-deserved vacation we ll see her next week. as joe said yesterday, one of the first down days we ve seen in a while a little better s&p up about 13% and nasdaq looking to open about 45 points higher also showing you treasury yields now you can see where those are standing we ll flip that around to .628 on the 10-year you thinking about refinancing a mortgage anytime soon, guys? i m as low as they go i m good if you have an account where you can use assets for credit line or to make an investment or something like that, i remember two or three years ago, i locked this ridiculously low rate if they come to me again and offer another one, it will be lower than it was last time. it was like 2% or 1.5% when you get money that cheap, don t you think you you are in the driver s seat when rates are this low i don t feel bad about borrowing money at rates like that
she was vicious. she was evil. jeffrey was a sick pedophile. but she was the mastermind. what virginia giuffre is telling us. and twitter hacked. the messaging giant faces serious security questions after an attack took over dozens of high-profile accounts. including former president obama s and elon musk s. yikes. but first, here s today s eye opener. it s your world in 90 seconds. we ve got to almost reset this and say, okay, let s stop this nonsense and figure out how can we get our control over this now. a new model predicts almost a quarter million americans will have died from covid-19 by election day. if we do not change course, florida and arizona will be our future. trump trade adviser peter navarro wrote an article claiming fauci has been wrong on everything regarding the coronavirus. he shouldn t be doing that. i have a very good relationship with anthony. a massive hack attack on twitter. the accounts include former president barack obama,
the ceo that just passed warren buffet this is worldwide exchange right here on cnbc well, good morning, good afternoon and good evening from where ever in the world you may be watching. happy monday it s good to be back with you after a couple of days off and with all due respect to the bengals it may be another manic market monday. futures up higher 125 points now speaking of earnings, investors don t seem to care major averages they have been on a tear the nasdaq 100 is up nearly 7% in just 7 trading days this month. with ten stocks in that index up more than 10% in july alone that s lead by the remarkable 43% jump this month. you have bank of america, johnson & johnson, and all set to open up their books this week now to date more than 180 companies in the s&p 500 have completely pulled the earnings guidance in the wake of the covid-19 induced crisis. wall street now staring at the widest dispersion in earnings estimates among analysts it s all the way back to 2007. wit