A. M. , dr. Joshua gordon, director of the National Incident of Mental Health, on the impact covid19 is having on Mental Health and the nations Mental Health care system. Host democrats plan to vote this week on the 3 trillion financial package. Providing funding for the postal Health Services. Senate republicans are questioning the need for a funding bill. Some culling it aspirational. We will take your calls on it. If you want to comment on the phone lines, its 202 7488000 , mountain and pacific, 202 7488001. You can text the set 202 7488003 text us at 202 or comment onk us facebook. The bill starts out with 500 billion going directly to state governments. 170 5 billion would go to Public Health emergency funds and offer 75 billion for housing assistance, 25 billion for the Postal Service, tribal relief, 10 billion of this new package would go to Small Businesses. 3. 6 billion dollars for the fall election, offering direct each household. The election aspect, the Washington Times hig
Hour futures are solid, earnings phase one signing, lots of eco data our road map begins with trade optimism reigniting the record rally. The chinese delegation heads to d. C. Today for an expected phase one signing on wednesday plus new ceo, same crisis. What to expect from boeings new chief executive, David Calhoun, who takes over today and the future of the 737 max. Then there were four, alphabet nearing the trilliondollar market cap club, behind apple, microsoft and amazon stocks are looking to recoup some losses from dow, the dow surpassed 29k for the first time before finishing in the red. All three major indices are in the green since the beginning of the year led by the nasdaqs 2 gain as we were saying on squawk a few moments ago, jim, if lulu yes, maam of lemon is a clue to the earnings season, maybe this rally has been justified we have two conference this is ek wweek, icr in orlando andi conference in san francisco, health care. Theyre used to be able to say better than expe
Tensions rise even further in the gulf. Iranian forces seize an oil tanker. Shery lets get you started with a quick check on how markets closed on thursdays session in the u. S. Equity indices mostly lower for most of the session before they saw a rebound after the dovish comments coming out of fed officials. , being led up. 4 higher by financials and consumer stocks, not to mention the fact that chipmakers gained ground. We had a positive outlook from an apple supplier. We had some geopolitical news being felt across the market. We had u. S. Equities gain a little bit of ground after we heard the report that iran offered is attentive deal a so antative deal to the u. S. Substantive deal to the u. S. Are paring back earlier gains at the moment unchanged. Lets see how we are setting up for the asian market. With that being said, is just off look set to track the event we saw on wall street. Kospi may find support after a twoday drop. Calls for fiscal stimulus from the government after t
Coming up. Tom a riskoff mood percolating through the markets. Of course, we had u. S. Officials coming out and downplaying hopes of a trade breakthrough at the g20, and the commentary from jay powell and james bullard, seeming to disappoint some investors who were banking on a 50 basis point cut in july. Warningsay powell said of Downside Risks have increased, but stopped short of saying that cuts are imminent, a nd jim bullard said a 50 basis point cut might not be warranted, going for more like 25 bits in july. We saw equities pullback from the initial fedinduced rally. China also looking in the red, hang seng futures down 91 points. Yesterday, the chinese banks really tipped the market lower here after the reports that they may have been involved in not agreeing with subpoenas when it comes to north korea violations. More on that later on. Moment, 6. 88 at the pretty flat, but Dollar Strength story is percolating through the asiapacific. The bond market continues to see yields goin
Rally, hence why we are looking at 5800 level on the china index and puts us back at the start of the year. And tilt coming through. 10year yield at 30. And three cuts. Only three cuts and swaps market and still looking at that. 60,000 level, trading at 57,000 level. That is one watch when it comes to bit coin and ai and no we have the bodes well with the fed and what is markets are listening. And are 7 to 6 to 3. And have we seen a view when it comes to yields. Does it yield . The dots we are showing, a lot of fed speakers coming through on thursday and friday. Speaking of central bankers, starting right now and we will be speaking tomorrow, not wasnt they did anything and probably at the peak and may start cutting rates first half of next year. They may not do anything the first half of and the peak rate was at five points. So, that was a bit of a downward and even though they are hawkish. And had comments they may look at this independently. But there is that side of the market not