The tech index on the s p 500, you can see that reflected in the nasdaq losing at another record high. Not only do we have amazon and apple and nvidia higher, but tesla, people had turned their back on it a year ago, impressing all the way. Taylor i should have been the buyer at take private share price is where i shouldve been. One other comment about this market, financials. Citigroup is up 6 , wells fargo off 2 or so. 9 area really getting a lot of financials, particularly consumer facing stocks off 5 . A bank off something up to 9 certainly catches my attention, as we have been talking about this rotation into the valley naturals the financials. A reversal today. Caroline it really is when you are seeing the bond crescendo across the board. 10year yield down almost nine basis points. This is feeling into the pain today. Citigroup private Bank Investment officer, going to see so much continued bond buying from the fed . If you think about it, you have got two contradictory forces. O
Faster Consumer Recovery and it is monday, june 1st youre watching Worldwide Exchange right here on cnbc good morning, good afternoon, good evening, welcome from wherever in the world you may be watching us i am Brian Sullivan. Thank you for joining us on an important day on cnbc. We begin our coverage this monday, as we always do, focusing on markets, economies and global business. That is our business here on cnbc and this morning, in a new month, we find those things are at the crossroads of four very important events number one, the planned reopening of the American Economy and whether that is now at risk. Two, both peaceful protests and riots in nearly every major city in the country three, rising tension between the United States and china. And, four, 40 million americans currently out of a job and hoping for a recovery that puts them back to work. Throughout this hour and the entire business day, you will hear commentary and analysis from investors, money managers, executives an
Detected a missile threat to hawaii. Reporter and that was the reality. Students running to bunkers. Hotels evacuating guests. Please go to the lobby to receive directions. Reporter all what turned out to be a false alarm during a time of heightened tension. Heads better roll on this one. Reporter the governor of hawaii called it a human error. It was a procedure that occurred at the change of shift where they go through to make sure the system is working, and an employee pushed wrong button. Reporter bay area congresswoman barbara lee has this to say over the false alarm. This is deeply concerning. Its dangerous. Its unprofessional. We have to get to the bottom of this. People, um, are fearful, and this is a moment where we have to reflect upon whats going on. Reporter kpix 5 security analyst jeff harp says in a moment of heightened transpacific tensions, this mistake will give the state of hawaii the opportunity to address shortcomings in their system. This will allow them to build s
The 1,000 share mark for the first time. Sterling finding support as politicians with teresa may pledging more armed police on the wake of the attacks they corbin calls for her resignation over the Previous Police cuts. Good morning, everyone. Most of you have already been out this morning. The fste 100 off by a quarter of 1 . Falling back from recent record highs. It was closed for a long holiday. It is down by 0. 4 and were seeing similar declines as well. We have a couple of big stock stories moving us lower today. Burbury down. They talk about a lack of top line visibility but ill also talk about the sectors here and health area is underperforming. The worst performing sector this morning, 0. 9 and heres why. Shares in the swiss pharmaceutical trading sharply lower following an 8 fall in the u. S. Listing overnight. This after the disappointing outcome of a major drug trial. Data showed used in combination with its original medicine offered only very modest benefits for patience an
To take the lead. The last chance for arizona. Chandler cans arrow from 47 yards. Mrs. It. He is hunting, fitzgerald cant believe it. The patriots beat the cardinals 2321. We didnt play well enough in any phase, special teams, offense or defense, to win this game. We had a chance at the win execute or do anything. It all starts with me. It starts at the top. We obviously are not ready to play. They outplayed us. The cardinals have to regroup quickly. Next sunday they will host the buccaneers. Tampa led by coach dirk koetter won on the road in atlanta. More coming up later in sports. Our other big story, School Canceled for some two buildings are unsafe with cracks in walls, even the foundation. Jeff fan said tells us whats next for the more than 1400 affected students. Reporter all appears normal at landmark school. A closer look, there are cracks in the walls, crack so severe they had to shut the school down for safety. What if they had never had the inspection and something happened