warning of weaker global oil demand because of jet fuel demand. and martha pollick on the college s plan this fall. let s get back to the lead story on the economic data front in the u.s.. the number of americans applying for unemployment benefits falling below one million since the pandemic began in march. we are seeing economic recovery getting some traction. joining us is michael mckee. is it good news, bad news? think it sdon t either. it doesn t show that the recovery is gaining traction as much as the decline is flattening out. we are talking people filing for the first time and it is still almost one million. their deep scars in the labor market. although the data is two weeks old the number of people receiving some kind of benefit is over 28 million. there are a lot of people still hurting. will that push people in washington towards making a deal? if we haven t had that already, it s hard to see how this number in particular fix them one way or the other. alix: is th
the kids had a ball we loved it. jersey was great the people of jersey were great to us. the water by the way the water is i mean, the ocean beautiful. drinking water in jersey still is probably my only complaint. i have to go brita or bottled. but i got this tattoo which i know that you guys showed off last week. i got a lot of neosporin on it right now. just to keep the bacteria, that s what they say you re supposed to do but at some point we ll show it off and do the grand reveal. they asked me if we wanted to show it and i said no he never liked it on twitter and i m not sure that he really liked it so you brought it up. i wasn t going to bring it up. to be honest with you, i came to it late i was actually trying to not even be on twitter that much and i saw it and it was too late to start retweeting because it was a day after clearly you had shown it off and i didn t realize that i had sent that picture to you but i didn t realize that everybody would get to se
best performers in the s&p 500 or if perhaps because elizabeth warren is walking back her proposal for medicare for all, interimhere would be an and the fact that pete buttigieg is pulling so well. down about 2.7%. guy? guy: european stocks low but not down by much. volume is like. we seem to have people trading on trade headlines that are risk off. we have yields lower and bonds are better. by half of 1%p against the u.s. dollar. the reason for that is better polling for the conservative party. we will talk british politics shortly with joe swinson of the liberal democrats. vonnie: let s get to hong kong. raging fires, tear gas, flaming vehicles have all gripped hong kong in battles between protesters and police. of a are growing on a crackdown on protesters as police around a university. in the u.s. the senate is preparing for passage of a bill that shows support for protesters supporting democracy in hong kong. when do we expect that vote? we are expecting it at some p
technology up 0.3. it is a tight range. but let s begin today with the fed where, of course, chair jerome powell testified on capitol hill today cnbc s senior economic reporter steve lies mans has the latest for us. it s day one of the testimony, not closing the door on another rate hike this year and emphasizing the fed is in a wait an see mode. the committee has decided that with our policy rate in the range of neutral, with muted inflation pressures and the downside risks we have talked about, this is a good time to be patient and watch and wait and see how this situation evolves. well, if it sounds like he said that before, it s because he had powell stuck closely to the words of the january fed meeting and press conference the fed pivoted in that conference from a policy of gradually increasing rates to patience powell offered an optimistic view of the u.s. economy. and powell suggested he did not see a threat from the economy running out of workers, that s importa
today, so none of you are likely old enough to remember, but this is the 89th anniversary of the black tuesday market crash. we are still seeing green across the screen here this morning, in fact there s only a few instances of red and they might be encouraging if you are long on stocks. consumer staples are down but as investors are selling those, financials, that s definitely good news if you are long stocks. we are also seeing gains in i.t. this morning, gains in health care, and an energy. there are a lot of bright spots that last week were fairly dark red. what do you see as far as the mrr? you, becausel another bright spot is in the banking sector. hsbc is moving as expected, is that taking some of the other banks with it or is it the fact that we see a more positive picture for italy, dodging what could have been worse s&p is keeping italy at triple be and we see it a real appetite for italian assets this morning. many of those banks are trading higher. downside, wea