The dollar,ack to so it was not clear what the safe haven was today, and then the vix is lower. Lessinly pricing in a lot risk than we were even a few weeks ago. Murky in terms if the market is hoping for some stimulus to come in. Financials aret your outperformance on the day, probably with that very small uptick. Atlor the senior strategist invesco is still with us. I know you said you favored equities over treasuries, but how does highyield and credit look . I was looking at our highyield barclays index. I thought 500 basis points over treasuries looked at one point, and down further, we migrate. How are you viewing credit at this point . I think we are being incentivized on credit, and i expect we will be incentivized to own credit and i expect we will be for a while. These moves that presage a recession, and that is the time when you need to hold true and by Corporate Bonds and investments that always bemoan the low yields never seem to want to do so. You get the policy response i
Before the house antitrust subcommittee lets get straight to kayla with the details. Reporter four hours in and a third round of questioning underway as republicans challenge apple, amazon, facebook and alphabet on political censorship and democrats take aim at the size and power the companies have amassed. Here is David Cicilini our founders would not bow before a king, nor should we bow before the emperors of the online economy reporter these four horsemen of the Technology Industry responded in kind saying, in fact, they each face healthy competition in their respective fields competition drives us to innovate and leads to better products, more choices and more choices for everyone. Customers have a lot of choices and there are products that face fierce Competition Companies like samsung, lg, huawei and google. Were okay with that. I there are concerns about the size of Tech Companies our services are about connection and our Business Model is advertising and we face intense competi
California also dramatically rolling back. Indoor dining and bars across the state. Staff to asking retail work from home as the company forces more Stores Across the covid19. D shipping joining us to break it all down and talk about how this hit the market today, Bloomberg Markets reporter Abigail Doolittle. Talk to us about what drove the drove higher than sharply them back. Abigail a big aeration reversal having not so much to do with the virus. 500, the s p p 500, the highest level out of the air market. The bigger show was for the tech space. The nasdaq at one point up more than 2 , closing down more than 2 . Those indexes so tightly wound, record high after record high, including today. Overbought, overextended. There were also some headlines out around the u. S. And china that seemed to help the selling pressure continue. With that, we had bonds trade higher. If you take a look at it on the day, netflix a perfect example. Today, earlier today, netflix had been up about 4 , closi
Tatatatataoooot a a a futures diintica dngliecec at startffff trtradown 50 po 50 ts 50 nnhehe sdaq a s p downow 28 on8 tus aftertreron rally kikied o o the t t yes yrd y llimee high. Aq t t yetet who tip intoed the Paycheck Protection Programs, Company Including law offices, girl scouts and pf changs and even kanye west. Crime rising in major u. S. Cities, state of georgia declaring National Emergency following week of violence in atlanta. Mornings with maria is live right now. Maria Global Markets are red across the board. The cac quarante in paris down 57 and dax lower by 176 this morning even though there are signs of recovery to tell you about in germany. Industrial output rebounded in the month of may rising 7. 8 . In asia overnight, markets mostly lower with the exception of china. Stocks rose again in china following big rally on monday after state media said that china needs a healthy bull market and ready to add support to attract investors. As soon as ccp tells millions are o
The confidence number, the headline number coming through at 98. 1. The economists were expecting something around 91. This is a much better than anticipated number. The point. Force this is data for june. We are in a situation where the beginning of june started quite strongly. Of the reentry of lockdowns in places like florida and texas. At 86. 2, thatough is up from 78. 1. Versus 96. 9 last time around. The present situations revise lower for the previous month. Significant improvement in terms of the expectations data. Alix particularly i am looking regionally as well. The northeast really got hit pretty hard. Write down is bloombergs michael mckee. Michael jobs expected category. The American People think employment will get a little better but not a whole lot. Full numbernty rises to 24 from 16. 5. Think jobs aret plentiful has arrives those who think there is no change went down. People think things will get worse in the short run. Over the longer run, they do think things are g