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Calls for more stimulus, treasury secretary Steven Mnuchin, package could pass in july. Take a look at futures. Pointing to selloff at the start of trading. Dow futures down almost 300 points and nasdaq down 55 and s p down 28, this after markets end yesterday in the that is, the nasdaq shattering another record high closing at new fresh alltime high on the nasdaq, up to 10,131. Police reform in focus as protests go on. Senate republicans are voting today and moving forward on reforms but facing pushback from democrats. Technology giants speaking out against the temporary ban on h1b visas saying it could move manufacture jobs overseas. Baseball players reporting back to Training Camp july 1. Mornings with maria is live right now. In europe this morning red across the board. The u. S. Reportedly looking to impose new tariffs on goods from the eu and the uk to the tune of 3. 1 b ....
On this, and take the oil and find a place to ship it. That is proving to be a real conundrum for these markets here. There is a company, variety of companies that do this for a living including one called valpak. It has storage barrel systems i dont know what you call it all over the world, include places in singapore, rotterdam, theyre essentially saying there is no room at the inn. Weve run out of space for the space people are looking. Sort of a doubleedged sword here. The fears in the market they have not gone away. At love oil suppliers, their concerns have not gone away. A lot of wildcatters, smaller businesses if you take exxonmobils and chevrons out of this, to lesser extent occidentals host of others theyre still feeling the pinch. Not as much as you would think. Off lows early this morning but still down appreciably. So well be looking at the forward month contract where june is the most heavily traded at the moment. So we will keep an eye on that but we will also keep an ey ....
Tenyear yield has fallen below 1 . It dropped to a record low of just. 9 . Right now its barely above that at. 98 . Stocks made a brief attempt at rallying but then completely tumbled. The central bank said it was making a preemptive strike to stop the coronavirus contagion from affecting the american economy. The dow started swinging all over the place. More than 1300 points from a high of up 381 points to a low of a loss of 996. As you see, we are down 642 points. The s p is down 71. Of course, the nasdaq, triple digits, down 234. It all comes as President Trump right now is at live picture, right now at a roundtable at the National Institutes of health where he is meeting with all kinds of Health Vaccine experts at the research center. Hes going to then take a tour. Lets listen in. Hes taking q a. If it was nece ....