Covid19 virus it is monday, april 6, 2020. You are watching cnbc. Good morning welcome to the show. Im dominic chu live at cnbc headquarters dow futures pointing toward a surge at the opening bell. If all things hold true, we could see an 838point gain for the Dow Jones Industrial average, 101point gain for the s p 500 and 320point gain for the nasdaq a big surge after down moves last week. Also keeping an eye on the bond market as well we are seeing some movement there in terms of yields on benchmark u. S. Treasury bonds and notes. Twoyear, 26 basis points or 0. 26 . A tick higher there. Tenyear benchmark treasury yields a hair over 65 basis points, or 0. 65 you can see sell off of government bonds, those yields rising crude also moving at least to the downside right now wti, 26. 60 after logging its best week in history well have much more on that trade in a moment. We have Team Coverage from around the world to kick off your monday morning. Julianna tatelbaum is standing by in our l
And im Courtney Reagan in this morning for sara eisen. The last nights Grammy Awards this is bruno mars 24 karat album. Took home the album of the year. But i hear he won basically the award. He was basically the big winner in once again it was a politicized ceremony well definitely have the highlights checking the markets, coming offer the back of a strong week. The s p and all three indices were up more than 2 for the week as a whole. We talk about a big start to the year, its also been a broad start of the year on friday, and all of last week, all 11 sectors were positive with s p month to date, nine out of 11 are high its been a great start to the year and last week was certainly part of that this morning, were pointing only slightly, the dow by 17 points s p by 9, nasdaq down by 30 tenyear treasury note, yields ticked up at the start of last week and pulled back with the yen. Back higher this morning 2. 781 yield on the tenyear. Lets take a look at what happened overnight on asian
Power lunch starts right now welcome to power lunch this september friday. Stocks are on session highs. The dow topping 22,000 for the first time in two weeks. Nasdaq trying for another record the s p 500 having its best week since april. All three major averages on track for a second straight week of gains check out movers wynn resorts trading at levels not seen in two years. The big news today, american jobs creating engine wilting a bit in august. Only added 156,000 jobs last month, below the 180,000 that economists expected. Senior economics reporter Steve Liesman is here to take us inside the numbers it is cooling, coasting, stabilizing . A lot of negative words used in the intro i dont know if i agree. Job growth did slow. Came in below expectations but is a decent report the population is growing at 80,000 thats what we should expect were almost double that number, still enough to take some workers off. Ism manufacturing, one of the highest numbers in a while more about that in
It is a safe haven trade and commodities. David the president is getting out of town, traveling for nine days to five cities in four countries. Marty. I want to start with what the president said, he was going to bloomberg best during the slot. Yesterday, when he was at the News Conference with the present of columbia, he was talking about the investigation. Marco rubio came out and said he thinks the president is entitled to his opinion it, but we are a country of laws. Are they having doubts about whats going on in the white house question about marty there has been a powershift that has been enabled by the chaos that has ensued in this presidency. The establishment in washington, the people who make the government run have taken the upper hand and are the special counsel gives republicans cover to assert him selves and set their own agenda. David as the president goes around europe, as he tries to seize back some feedback. Marty they have planned this trip. Staff is notts shown a tr
Point 5 . We are seeing utilities and telecom health care with a combination in defensive groups and utilities calming down. Financials being the only group interestingly that are in the red. At commodities today, gold prices are surging in the wake of that commentary. At the same time, crude continues to languish. An earlier touch beat them up below 38 per barrel without gaining much traction. Tomorrow we get the weekly inventories report for the week. Definitely some reaction, we are continuing to see the dollar slumped . Julie most definitely against a basket of securities. Down three quarters of 1 , moving with this perception that we are not going to see an aggressive fed by any means and of raising Interest Rates this year. The dollar index, if you take a look at the bloomberg and it looks at the monthly performance, it is now set for a decline of 3. 4 in march. That would be the worst one of 2011. K to april we have not seen dollar performances like this in white some time. It l