Secondquarter rally to 20 . The dow jumping 18 . However, dr. Anthony fauci today, the nations leading disease expert, said cases could soar if behaviors do not change. Fed chair jay powell said getting the virus under control is just as import does the u. S. Economy itself. Abigail doolittle has been covering the ups and downs. What is driving all of this . Abigail behind the rally we had today and yesterday, i think it is just a cushion to the end of this banner quarter. Investors wanted to make sure they locked in the gains. Fundamentally, not a lot changed. There was some fundamental economic data. Little bit more positive, some Chip Companies put up some good quarters. From the factr that there could be some more Companies Boycotting but a bit of a rebound rally. Confirming the risk on mood company 10 year yield higher. Bonds are lower on the quarter. 20 on the up about quarter. Treasuries higher. You do not often see that, where you have bonds and stocks. The same time, Precious
We will break that down later on. Take a look at the rest of the market. You see caution still. The likes of gold, despite the rebound in stocks, gold topped at 1800 for the First Time Since 2011. Theres caution around a resurgence of cases. We have the situation in hong kong with china and acting sweeping powers. Goldman saying we could see 2000 for gold in the next 12 months or so. Extending theg best performance we have seen in 30 years. Money coming off of the dollar here, more of quarter selling and rebalancing. A little bit of strength in the yen. Offshore renminbi gaining at 705. Take a look at the nikkei. A survey cannot very negative. Manufacturing sentiment dropping to the lowest level since 2009. China seeing shares up 6 10 of 1 . The pboc said to Lower Borrowing costs for small businesses. Perhaps anticipating a rate cut today. Watching bonds. Treasuries did tumble. They continue. 68 basis points. Lets get to our top story now. Hong kong marking 23 years of chinese role hou
What happens in vegas will happen in vegas. Casinos reopen doors for the First Time Since the march lockdowns began. Get the dice ready it is thursday, june 4 you are watching cnbc. Good morning good afternoon, good evening wherever you may be watching thank you for joining us on a thursday morning the major averages trading at the highest level since early march. Gaining some averages. The dow trying for a four session win streak futures now a little lower 114 points off time to turn it around this has been one of, if not the most remarkable come backs in the history of the american stock market the s p 500 is up 21 this quarter. We still have a few weeks to go in the quarter the nasdaq 100 just. 75 of 1 of a new record closing high. Doesnt look like it right now could happen today the markets pricing again a fast recovery off the pandemic than pretty much anybody would have thought possible one month ago around the world is not just here mostly green arrows in asia and Companies Like
The w. H. O. Says there is still time to change the course of the pandemic. The one terry Martin Thanks for joining us britains Prime Minister has announced a nationwide lockdown to fight the coronavirus Boris Johnson told the british people that the government was shutting nonessential shops and services and banning gatherings of more than 2 people johnsons government has faced criticism for its perceived failure to act quickly to halt the spread of the virus. Its images like these which make it clear how quickly action is needed in the u. K. Mobile phone footage of people crammed into the London Underground on monday after Train Services were cut to deter people from using them and experts warn policy must change. And we cant control how. Viruses we can control the rate in the population and thats what we should be doing whether thats by legislation or enforcement or otherwise because at the moment its not working. When its a speaker british Prime Minister has faced criticism that is
Of being cooped up together. Hello im terry Martin Thanks for joining us britains Prime Minister has announced a nationwide law down to fight the coronavirus Boris Johnson told the british people that the government was shutting down nonessential shops and services and banning gatherings of more than 2 people johnsons government has faced criticism for its perceived failure to act quickly to haul the spread of the virus. Its images like these which make it clear how quickly action is needed in the u. K. Mobile phone footage of people crammed into the London Underground the monday after Train Services were cut to deter people from using them and experts warn policy must change. And we cant control how we really viruses we can control the rate in the population and thats what we should be doing whether thats by legislation or enforcement or otherwise because at the moment its not working. When its the speaker of the british Prime Minister has faced criticism that is wait and see policies