Average volume for the last 30 days. That is pretty much the scene all around the world. Of course, we saw some selling overnight. Caroline even with dollar weakness. Joe also, of course, it will be interesting to see what the bond market does tomorrow. Tooline lets track out abigail. Abigail stocks might not be doing much here in the u. S. But where we did have some action, the british pound against the dollar. Its best day in about a month on hopes that a brexit deal will get done. Lets put this in the context of a longterm chart we have not looked at for a while. This goes back all the way to 1970 at the high, closer to 260 at the lows. In 2009 orhigh, back so, above two dollars. Of course, over the last few years, fears that a hard brexit would happen, we see it going down to 1. 20. This pattern happens as the bulls are stepping up. Gocould possibly see it toward the middle of that, 1. 44. All of this may just suggest that some of the big dollar bears out there could be right becau
Investments in three sectors, semiconductors, quantum computing and Artificial Intelligence the order will prohibit investments in some forms of those technologies and require americans to disclose investments to u. S. Governments in some cases. And you know the one thats not necessarily going to be included which tiktok. Thats your thing. Its not been my thing. Its been the National Security thing. Right. For so long. But no action taken yet bipartisan cause, problem. It should be. Im not sure it should be. Its surprising given all this effort in this regard and why, for example, under the ai rubric, for example, it wouldnt be included. Think of all the data the Chinese Government has access to. And thats what people say. It has all how many lazy girl videos Andrew Ross Sorkin watches per day. I have yet to be convinced by the way the Chinese Government is seeing all this tiktok in terms of the way theyre trying to build this thing in a separate way but thats a separate story. The con
Border czar missing in action, thats for sure. Cheryl good to see you, tom. Next hour of mornings with maria starts right now, everybody. And its time for the word on wall street, top investors watching your money. Joining me now investment senior portfolio manager, Thomas Martin, also with me here on set is mike lee. Were not giving him a break today. Tom, i do want to start with you. Taking a look at futures this morning, last trading day of the month. We were mixed earlier, now were in the green, dow up 46, nasdaq up 3 and a quarter, s p up 4 andahalf. Weve got big numbers coming out. Were going to get earnings from apple, from amazon, those are Second Quarter numbers after the bell thursday and then were going to get alphabet. This is interesting. Their stock jumping 10 last week. They had better than expected numbers. Earnings and revenue driven by cloud service, online ads and of course the big one, the push for a. I. Tom, your thoughts on earnings so far . Not just in the last w
Im haidi lun. Australia. Break aint betty liu. We will be watching what is ahead on wall street and how asia may affect the trade. Markets were closed today to commemorate memorial day. No action at all here in the u. S. We have lots of economic numbers including japan. Jobs numbers as well as retail sales data. Haidi that is right. Weekjobs at the end of the and the fed trying to get the last word before the june meeting. In asia, a very meandering start to the week for global stocks. We had european stocks hardly moving. China yesterday closed. Up about 1 at the moment. The dollar has been trading sideways given the absence of the market catalyst with the holiday start to the week. Australia futures showing a downside of about. 1 . We do have iron ore trading below 60 a ton for the First Time Since october. A note today saying they expect headwinds when it comes with a downgrade of china. A reminder of how vulnerable the aussie dollar is. Potential further down risk. At 50 a barrel.
City. Good morning. I am Erik Schatzker. I am stephanie ruhle. Erik. Its been a while. Good to see you, my brother. My canadian prince. Goldman,e a partner of you get more than the key to the executor of 100 executive. There is a washroom on the executive floor. If i worked on one of those upper floors i would be able to use the restroom. That is me that it is time for the top Global Business stories of the morning. It is another record in what has been a recordsetting year for alibaba. The Chinese Ecommerce Company sold more than 7. 5 billion dollars worth of merchandise in the first 19 hours. Alibaba has turned holiday into eventggest shopping ever. Thanks maybe five 3 million each. Be fined 3 million each. Among the banks involved, jpmorgan come citigroup, and barclays. A new home for some of googles newest technologies. Leavempany has agreed to Silicon Valley for 60 years. Roboticsll use it for and space exploration. The airfield is known for anger 1, 198foot tall structure. It was