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Role, on the Long Distance round table, ben levisohn, carlton english and jack howe. The fed has been sometimes blamed for propping up the market, but it looks like fridays selloff may have been in part due to what the fed was saying and doing. Thats right. I think the fed made a mistake. They released the results of their a bank stress tests, and at first they looked just fine. The dividends were capped for the third quarter, but that wasnt much of a surprise. Normally the suspension of buybacks because no ones really buying back banks anymore, but they left a lot of uncertainty about future quarters. As investors looked at those numbers, they a really started to get a bit afraid of what it meant for bank stocks, and then they started to fall on friday. And it really isnt good for the market at this point or investors. Tech is about 27 of the s p 500 right now. If thats near dot. Com levels. Investors really need other choices bes ....
A Police Officer has been charged with the murder of george floyd. The case has triggered protests across the country including in new york korea demonstrators demand justice for prosthetic terms of police brutality. And in spain where the coronavirus pandemic has forced an extra 1000000 people out of work the government unveils its plan for a minimum income. Hello thanks for joining us the u. S. President donald trump has accused the Chinese Government of breaking its word on hong kongs autonomy as beijing imposes new National Security legislation on the territory describing it as a tragedy for the world in response to the crackdown on prodemocracy protesters trump has directed his administration to end preferential u. S. Treatment for the city and trade and travel he also announced the suspension of entry of for ....
Infection rate and loose and demagogued lines its president says the economy comes 1st. Spain slowly reopens for business after one of the Worlds Toughest lock downs after months at Home Millions are newly jobless are having trouble just putting food on the table will visit one struggling town. And in german football are the leipsic set themselves up for the poisonous lead a wonderfully good title race after a huge fight no victory against fights we will have all the bulbs. Im seeing so much kind of good to have you with us Hong Kong Security chief says terrorism is on the rise in the city after Police Arrested some 180 protesters during renewed on rest on sunday thousands took to the streets to protest beijings plans to impose a tough new security law there is ....
And bank ofs, citi, america all reporting today after j. P. Morgan and wells fargo yesterday. The pboc cuts mediumterm borrowing costs again amid expectations of further easing, after the imf warns this years downturn could match that of the Great Depression. We are just under an hour away from the start of cash equity trading across europe. Lets take a look at how futures are trading. We had gains in the cash trade yesterday in europe, with the exception of the ftse, and big gains in the u. S. To close the session last night. Mixed trade in asia as the earnings season began to kind of way on some investors sentiment. As a result, we see european futures down this morning. Nasdaq, u. S. Futures down as well, about two thirds of 1 . Lets get you the bloomberg first word news from the terminal. President trump says he is suspending u. S. Funding for the World Health Or ....
Our apologies to the half. Lets get to the judge messages of hope can bleed into this program any time thats a certainty its good to have all of you with us today as our breaking coverage continues with the market now stocks surging again today after historying actions by the federal reserve. Just about a 500point gain. Just shy of that just shy of 2 for the dow theres the nasdaq shy of 1 and the russell with a gain of 4 . Are we too far from the lows to turn back now or is this a simple bear market bounce that is likely to reverse josh brown, i turn to you first. We have regained 50 of the losses, where does this take us from here . What does all of this tell us now . Well. At first you would say we are now 28 off the low which is is extremely respectable and historically there have not been very many bear market rallies that have been carried this far. That is incredible just extraordinary after an almost 30 bounce, less than a fifth of the market is back in an up trend. Look at the ....