When you say a line, more than two people i think they have to be at work at 6 00 or something. I was upstairs getting my coffee everyone had a mask on but there were six or seven people out there waiting. Were you one of them . I was notone of them. Much better smelling. That would be from your standing and not max cutting the losses in half. Im willing to give that to him . I have to say, Brian Sullivan puts on a very good show i appreciate the lead in i listen because i do my hair and make up about five feet from here energetic at 5 00 a. M he brings it every day. You could be up or down up 2. 3 . S p was up 1. 5 . Both of those averages now on track for the Third Straight gains. This has been an impressive quarter. All the way back to the Fourth Quarter since 98 we have seen three months in a row that have been impressive. If things went south, you could see the s p 500 wipe that out. Those gains are in the green for the month of june. You can see dow futures are down only about 35
Concerned about the move. Airbus against the biggest restructuring in its history. It will cut 15,000 jobs with the majority impacting the main bases of germany and france. 6 00 a. M. A manus in london, 7 00 a. M. In paris, and 9 00 a. M. In dubai. It is the three fs for friday, the fed, the fact she warning, and i thought i would throw in fedex because it is a nice triptych. I want to focus on the fed. Spirit toimbue a new the yield curve control narrative . Open interest in the bond market is the equivalent of 36 billion. The bond boys and girls are locked and loaded for yield curve control conundrum. Good morning. Nejra good morning. We are certainly seeing signs as you point to have that yield curve control trade alive and well in the bond markets. If we look at equities, i mean, best quarter for u. S. Equities since 1998, manus, and it is interesting because if we look ahead and think about where we go next, you can see the profit forecasts taking higher and some saying that will
Second half of 2020, there is an overlay of other stories. The pandemic story, at least in the United States, is truly front and center. I would also note the stunning close to equity markets yesterday. Call it window dressing on june 30, 2020, but we begin this july strong in the markets. Francine we certainly do. If you look at what the markets are looking at, and a lot of the focus is on the number of infections, treasuries slipping, and i am looking at a couple of Technical Glitches in europe affecting trading. We will have a full market roundup, but lets get to first word news in new york city with ritika gupta. Ritika good morning. Infectious diseases chief Anthony Fauci warns the u. S. Is going in the wrong direction. He said the country could see 100,000 new coronavirus cases a day, up from the current level of 40,000. Several southern and western states are seeing increases in infections, prompting some to put reopening plans on hold. A new poll shows 10 lead, joe biden over p
Cannons and make the first arrests under the new law and chief executive carrie lam defends the decision translator clearly the decision under one country send showed determination and prove on the system and shows the high degree of trust of the central authorities in the Hong Kong Government germanys jobless total rises by 29,000 taking the unemployment level to almost 3 Million People as activities contract in june airbus with jobs on the line as they tell staff the crisis is far from over. Bracing for a mighty battle. Welcome to the show, we are closely tracking some data weve had lower pmis the eurozone number crossing the manufacturing pmi, 47. 4 up from 46. 9 still suggesting contraction taking place across the eurozone one of the bright spots seeing the expansion. Clearly saw weakness elsewhere lets push on to developments in Hong Kong Police say 30 people have been arrested for violations of the International Security law hong kong chief executive carrie lam defended the laws
History to be afforded this honor. He was of course one of five people who died after the violent attack that looted and desecrated our Capitol Building on january 6th. Were also one week out from the former president s second Impeachment Trial, this time on the charge of inciting that insurrection at the capitol. We now know how house Impeachment Managers plan to make the case to convict the former president and what his own attorneys plan to offer as a defense. This morning those House Managers filed a sweeping, 80page pretrial brief that lays out in rather stark terms the events leading up to that riot that day, noting quote, trumps singular responsibility for that tragedy. After losing the 2020 election, President Trump refused to accept the will of the american people. He spent months asserting without evidence that he won in a landslide and that the election was stolen. President trump announced a save america rally on january 6th, promised it would be wild. Summoned a mob to was