[shouting] mr. Chairman, my fellow americans my fellow democrats, i proudly accept the nomination of our party. [applause] this moment, this moment is one of personal pride and gratification. One cannot help but reflect the sadness that we feel over the troubles and the violence which have erupted in the streets of this great city. And for the personal injuries which have occurred. That is Hubert Humphrey accepting the 1968 democratic nomination for president. The democrats had gathered for the convention in the midst of the vietnam war while thousands of protesters demonstrated outside. Hubert humphrey is the focus of this weeks program. We are live from Minnesota History center. Mick caouette is the documentarian of Hubert Humphreys life. We are standing in the middle of an exhibit about the tumultuous year of 1968. I want you to set the stage for people. This country was in an uproar about the vietnam war. Set the stage. The vietnam war had been going on for 15 years. It was obvious
Im back. Great to be back. Back in the stacks with the books. Yes, yeah the Library Stacks are nice i wanted to show everybody where things are headed on this monday morning. Is it always up . I guess maybe it opens it feels like that i was told not to invoke his name when i mentioned him the other week he says everything goes up and it all seemed so crazy dow about 160 points nasdaq looking to open about 69 points higher in the s p 500 looking to open about 16 points higher treasury yields right now, lets do it. Lets show you the ten year note as we speak youre looking right now at the ten year at. 636. Melissa has news happening overnight. News out of china overnight beijing announcing sanctions and a spokesperson and the move comes after a top member of chinas Ruling Communist Party and three other officials over human rights a b abuses. Bo well ask senator rubio about this when he joins us live at 8 00 a. M. Eastern time on squawk box. Separately the u. S. Asked its citizens to be
Under an hour left in the session. Lots coming up on todays show a big exclusive interview with bank of americas ceo. Well get a read on the Small Business relief program. He joins us live in about ten minutes time plus as retail bankruptcy concerns swirl, well speak with the president of sax fifth avenue about whether customers h actually return to stores when doors do reopen but first, lets focus on the big stories of the day. Mike is tracking the market pullback on this first day of may. Josh is covering apple diedra is watching amazons move and phil has the shocking tweet from elon musk that sent teslas shares tumbling. Mike the s p 500 down almost 3 today. About 3. 5, 4 from its highs just two days ago. Look at a chart. Just to map where we are down about 4 we had broken on a shortterm basis the uptrend from march i dont think anyones going to get too concerned about this unless it goes deeper than at least 2550 week and a day or so ago, last tuesday, we were down around 2730 so w
Twoyear is now trading, but that doesnt seem to matter. The majority of debt in europe all undergoing this powerful rally, despite the fact that we are going to see horrific unemployment number in about an hour and a half. Lets get you out of the market moving news from our new york team. We want to start with the much awaited u. S. Jobs data out of april for the next hour. Economists now estimating 22 million jobs wiped out in the past month. Joining me now is carl riccadonna, bloomberg chief economist. It is hard to put these into perspective. Help me out. Morning. D these numbers point to immense disruption in the u. S. Economy, on a scale we really have not whichn recorded history, goes back to either world war ii or the great depression. ,o put some context around this this is far more than all of the job losses we saw during the Great Recession concentrated into a single month. If we take the job losses of the last nine recessions, lump them all together going back to the late 19
I think everyone would agree, tgif, not from the dows perspective. All in all, we were up 13 on the dow, and the best week since 1938 and that is cold comfort given what weve seen and we are down thousands of points from our high just one month ago and the dow losing 115 points today. The benchmark tenyear treasury note ended kind of where it began at 0. 7 . When you throw a couple trillion dollars like the fed is at the bond market maybe you will see a move, maybe not, and continues to fall, and it is moving around after hours. Oil stocks falling across the board as well today. The average oil stock in the United States is now down 50 this year and theres a lot more that are down each more than that welcome. Options action will be on at 5 30 as well and our group has been resilient, and that is guy adami, tim seymour, and we are proud to welcome victoria fernandez who is in houston. We will get to all of the traders in just a moment, but we have breaking news on General Motors really