Thank you, guys. Okay. Alex gorsky from j j, appreciate it well be back tomorrow cnbcs special coverage continues right now. Good monday morning welcome to squawk on the street, im Carl Quintanilla with jim cramer and david faber. Coming to you live from separate locations even on set as we practice social distancing futures are stable to start the week as the president extends those social distancing guidelines to april 30th j j, as you just heard, announcing a lead candidate for a covid19 vaccine a lot of people were astonished that the futures, just at the moment when the president said, look, we have to extend things. Take away that april 12th deadline, it will go all april at the very moment we saw the futures start reversing. I think this is a day, dont know how much more, a day where science trumps the pain and the disaster frankly that is covid there have been many, many days weve come in and science has been playing catch up game today it sounds like science is on target. List
Fails in his bid to trigger a snap election. China signals more support for the slowing economy indicating a cut in the Bank Reserve Ratio is on the way. Protesters vowed to return to the streets of hong kong and continue their calls for change. They say carrie lam section is too little too late. Shery it was all about k anditics, both in the u hong kong. We saw a risk on sentiment across the board with the dow caning gaining almost 240 points. The nasdaq up 1 . Tech shares leading the gains. They were the biggest losers in the last session. We have the Energy Sector in section gaining ground. We had the dollar falling the most since june. It was all risk on and the geopolitical tensions subsided. Not a lot happening with u. S. Futures. Lets get you across some breaking news on the terminal. We have julys current account of numbers from south korea coming in at a surplus of 6. 95 billion dollars. The current account for south korea in july. This as expectations grow for further easing
Are making good steps forward, good, i will be glad to do so collaboration and the promotion of ukrainian weapons as a strong brand to foreign markets i think it is very important that we should repurpose ourselves as the arsenal of the free world, we should become known for our weapons, we should make it our main expert a product well, until recently, it was believed that Agricultural Products are our goal, metal, steel, pipes, our expertly strong side of the player. And now i know that there is a slogan that ukroboronprom, well, more precisely, ukroboronprom is ukrainian , it is new, our agricultural company, Defense Company, novagrarka , in short, do you agree with this statement , of course, i agree. This idea for this and uh, in the past life i myself was in an accident , i understand very well how hard work our aryas do. I can only imagine how difficult it is for them. Now, but we as a state must focus now we are strengthening the production of weapons and military equipment in u
Moscow Arbitration Court. Region is considering the application of the ministry of industry and trade to suspend the corporate rights of x5 retail group nv in relation to its russian structure. Now our correspondent, nika yankovaya, is working at the scene of the event. Nika, hello, what assets does x5 own in russia . Daria, greetings, the group manages the perekrestok pyaterochka and chizhek retail chains. And today, the Arbitration Court of the Moscow Region began considering a case that is unprecedented for russian legal practice. Ministry of industry. Submitted an application to x5 retail group nv, registered in the netherlands in relation to its russian subsidiary, x5 Corporate Center. This is the first such case that is being considered in a Russian Court in relation to an economically significant company. X5 is included in this list, it was activated in march of this year, in addition to x5, it includes six more, five more companies, a total of six of them are on the list so far
The greece story would play out. We did see a significant head line in the index in the month of june coming in at 1. 074. Coming in at 1. 08 against expectation. Were looking at highs of 1. 11 against the u. S. Dollar. Lets get reaction from bill oneal from ubs Wealth Management. From the headline number bill this number looks pretty good . Yeah i think its provide something reassurance that a multidollar recovery is still under way in europe. I think the weakness of the euro posed the greek settlement that played a role here. Clearly that to be reflected in green coming through the market for the midyear as well. But i think its important that the market was to have some nasty surprises after some pmi number, purchase managing numbers, of course that did disappoint. We should point out that the ifo has said their june expectations has been revised up to 0. 121. Its also a twoweek i after the ifo. I guess the question is what does it mean for the exporters out there who have been bene