Song name the band four days, with the 20 rate cut in june and nearly a 19 in july, as Jerome Powell pushes for him to cut rates and disappointing data from china and the tenyear lows and is this the perfect recipe for a rate cut what does that mean for the market guy, welcome back. Thanks, mel its great to be back. You survived the Dominican Republic of all of the crazy places to go, with that said, obscuring the Dominican Republic in my opinion is the fact that President Trump saying they should cut rates and to me its madness at the highest level i still think the market is pricing in way too dovish the fed and it can only disappoint next week. The fix it 15 in this environment makes zero sense to me dan listen, i think we can look beyond june. Were not going to get a cut next week so it comes down to july and at that point well know what the outcome if there is a meeting between president xi and President Trump at the end of the meeting and then well start to get more earnings and
The cac is up and the footstsef. The yields something weve been watching closely ticking up a little more like it was yesterday and that was a big difference in yesterdays market rally compared to the risk on tone to the sector performance. Thanks for that if youre looking for a negative, we did come off the highs. A couple of offsets, but it was a more constructive. Were getting back. Ill tell you. I can tell you week ago whats a week ago when i was sitting in for melissa, everyone was bearish. Really . Monday was a big week. It was the s p 500 and nasdaq both down. But that had been after six straight five or six straight weeks, so everyone was bearish the guy from Morgan Stanley, very bearer . Oh, i remember. Swell see. Bo jo, ten more people backing him. He had powder all over his nose. Thats derailed his campaign. Really . Theyre down to ten candidates. Ten. Boris johnson will make the final two. Less than the democrats you know, watching what happens in italy and all these other
He. Live from new york where business never sleeps, this is squawk box. Good morning welcome to squawk box on cnbc. Im becky quick along with joe kernen andrew is off today. Weve been watching the u. S. Equity futures, things are still in the green dow indicated up by 60 points. The s p up 7 and the nasdaq up 27 the dow and the s p 500 for the month of june are Still Holding on to their gains. For the month, dow above 26,000. Look at what happened overnight in asia. The nikkei was down by a half percentage point the stocks were flat for the hang seng and shanghai composite. In europe in some early trading, there are green arrows across the board. The biggest gainer of the three major averages is the dax in germany, up 0. 4 in italy, stocks are up 0. 6 watching the treasury market in the United States, the tenyear is yielding 2. 112 . The u. S. Navy is assisting two tankers reportedly attacked in the gulf of oman. According to the fifth fleet, u. S. Navy forces in the region received tw
Running for president and also talk with the chairman of the south Intelligence Committee adam schiff. Plus as the 2020 candidates pick up the pace, offering more policies and more personal attacks. Joe biden is a dummy. The president is literally and existential threat. Brennan we will kick off the 2020 cbs news Battleground Tracker with a look at where the democrats wh it comes to theirto nominee plus have analysis on all of the political news of the week just ahead on face the nation. Good morning, and welcome to face the nation. We begin today with the increasing tensions between the u. S. And iran. And secretary of state mike pompeo. Good morning, mr. Secretary and happy fathers day. Thank you. Good morning. We have had a series of events in past days, the attacks on the tankers and these reports of a missile being fired at a u. S. Drone. How is the u. S. Going to respond . I think you have to put it in the context of 40 years of behavior inside the Islamic Republic of iran, this
Names on tech stocks mar mary meeker will speak any minute the Halftime Report with stot wapner starts now live from the new york stock exchange. Good to have you with us on this tuesday, welcome, our Investment Committee today, joe terranova, jon and pete najarian, lets begin with the markets where stocks have lost some of their gains today but the june boon is still the best start to a month since october of 11 the s p up 5 with tech the best performing sector. All feels pretty good right now, pete, in tech world after, you know, a pretty good upset. Now its back, up 7 in june, led by names like apple and microsoft, some of the semiconductors having a great week and were talking about a lot of the quality names are actually leading us to the up side doesnt mean its going to last forever. I still think this is a trading environment. I still think its very, very shortterm just about everything we report to you guys as unusual activity doesnt even extend out past three or four days but