Second half of 2020, there is an overlay of other stories. The pandemic story, at least in the United States, is truly front and center. I would also note the stunning close to equity markets yesterday. Call it window dressing on june 30, 2020, but we begin this july strong in the markets. Francine we certainly do. If you look at what the markets are looking at, and a lot of the focus is on the number of infections, treasuries slipping, and i am looking at a couple of Technical Glitches in europe affecting trading. We will have a full market roundup, but lets get to first word news in new york city with ritika gupta. Ritika good morning. Infectious diseases chief Anthony Fauci warns the u. S. Is going in the wrong direction. He said the country could see 100,000 new coronavirus cases a day, up from the current level of 40,000. Several southern and western states are seeing increases in infections, prompting some to put reopening plans on hold. A new poll shows 10 lead, joe biden over p
Of 131. 10. S a bit ago, we crossed the 3000 fed for the s p 500 on the chairs remarks. The 10 year yield at 2. 06 right now. Dq a day be interesting. Q a will be the interesting. We will see if that moves anything. Terms of analyst action, deere is down about three quarters of 1 . It had a huge move higher over the last few months, up 20 or so. Analysts saying maybe that is baking in the full valuation now. Comcast up 2. 1 on an upgrade now as well. Guy Jerome Powell is in the room. We will take you there very shortly. Stoxx 600 up, the euro up come of the german twoyear narrowing its losses on powell. It really is the only story this afternoon moving markets. The dollar is down, stocks higher, bonds a bigger move in the United States then here in europe, but the gravitational effect of what Jerome Powell said in his statement is having a big effect around the world. Vonnie on a slightly different note, lets take a look at a live event in new york city, a tickertape parade, not to rub
Health. All three indexes finishing in the green. But one big dow component went in the other direction and that was general electric. G. E. Hitting a 6year low. A 6 billion charge related to their insurance operations. The company says its considering all of its options including a possible breakup. G. E. Stock losing 10 , and its down 40 the last 12 months. The volatile ride known as bitcoin dropping more than 20 tuesday forcing the cboe to temporarily halt trading on its futures exchange. It dropped below 10,000 before rebounding. The news comes amid the announcement that governments will be cracking down. Apple announced a 2,500 stock granted for most of its employees worldwide and are expected to contribute 350 billion to the economy the next 10 years. They will build a second corporate campus and paying a record 38 billion in taxes when it brings home a boatload of cash from overseas. Amazon announcing it narrows its list of candidates down to 20 cities. Its expecting to spend 5
Conversation continueded trying to come up with some alternative plan to keep the government lights on for an extended period of time. Some republicans floated the alternative, threeweek funding extension on allow time for no, on a budget agreement. And the status of those young people got illegally by their parents. Also avoid more of a Government Shutdown, government funding drama before President Trump gives his first state of the union adroes january 30. Earlier that was hope, two new yorkers, President Trump and the Senate Democratic leader would be able to cut a deal. We had a long and detailed meeting. We discussed all of the major outstanding issues, we made some progress but we still have good number of disagreements. Discussions will continue. Red state democrats donnely, jones, heitkamp, manchin, mckas kell voted in favor of the fourweek extension. Dilemma for Republican Leaders four republicans voted against it. Flake, graham, lee, and rand paul of kentucky. Earlier the maj
Health. All three indexes finishing in the green. But one big dow component went in the other direction and that was general electric. G. E. Hitting a 6year low. A 6 billion charge related to their insurance operations. The company says its considering all of its options including a possible breakup. G. E. Stock losing 10 , and its down 40 the last 12 months. The volatile ride known as bitcoin dropping more than 20 tuesday forcing the cboe to temporarily halt trading on its futures exchange. It dropped below 10,000 before rebounding. The news comes amid the announcement that governments will be cracking down. Apple announced a 2,500 stock granted for most of its employees worldwide and are expected to contribute 350 billion to the economy the next 10 years. They will build a second corporate campus and paying a record 38 billion in taxes when it brings home a boatload of cash from overseas. Amazon announcing it narrows its list of candidates down to 20 cities. Its expecting to spend 5