Lets break it down with mike mckee. Is a it is michael it little bit odd. On the headline, 100. 9 is lower than it was in the month of august or september, rather, when it was 101. 8. You would expect that maybe the present situation would be causing people concern because of the coming closures of some businesses as covid cases spike but the number comes in at 98. 9 at up from 104. 6, up from 98. 9. Turnabouting quite a in the way people are looking at the economy. The interesting thing here is this bemay see is reasonably good news for donald trump because if you are looking at the economy, stupid, as the old saying goes, you are looking at the economy as it is right now, and the economy as it is right now is better. The employment number is something Everyone Wants to look at in the set up to next week. Jobs number is an improvement, so those who think we are going to have a dismal jobs report next week might be in for a surprise, at least according to the underlying Consumer Sentim
We will break that down later on. Take a look at the rest of the market. You see caution still. The likes of gold, despite the rebound in stocks, gold topped at 1800 for the First Time Since 2011. Theres caution around a resurgence of cases. We have the situation in hong kong with china and acting sweeping powers. Goldman saying we could see 2000 for gold in the next 12 months or so. Extending theg best performance we have seen in 30 years. Money coming off of the dollar here, more of quarter selling and rebalancing. A little bit of strength in the yen. Offshore renminbi gaining at 705. Take a look at the nikkei. A survey cannot very negative. Manufacturing sentiment dropping to the lowest level since 2009. China seeing shares up 6 10 of 1 . The pboc said to Lower Borrowing costs for small businesses. Perhaps anticipating a rate cut today. Watching bonds. Treasuries did tumble. They continue. 68 basis points. Lets get to our top story now. Hong kong marking 23 years of chinese role hou
Infectious disease expert Anthony Fauci says the u. S. Could risk 100,000 coronavirus cases per day if this behavior doesnt change. In england and wales, the deaths fall to their lowest in 12 weeks. Slow start stocks dip in asia after indexes in the u. S. Post their best quarter in more than two decades. Manufacturing pmis today in europe, a sign of confidence in the recovery to come or not. Airbus begins the biggest risk structuring and its history. With theut 15,000 jobs majority impacting the main bases of germany and france. Just our under an hour away from the start of cash equity trading in europe and u. K. Lets take a look at futures right now. We finished down on most of the european indexes yesterday. The dax closed higher yesterday. We are still looking at futures lower for the euro stoxx 50, the futures, and the dax across any european contract. Quarter toout one 4 10 of 1 . Take a look at futures in the u. S. After 1. 5 gain on the s p 500 yesterday. Futures are now pointin
487. In part because of a big move in the dow in boeing as it gets ready to test that 737 max for recertification. The s p and nasdaq is higher but by lesser percentage gains theres 10 million global cases of coronavirus half a million deaths. The daily case count here in the u. S. Hitting a record high over the weekend. Well have more on that. Facebook, a big laggard today. Down 10 in the past week as big advertisers, its up today as big advertisers pull millions of dollars from the social media platform power hundred lunch starts righw thanks the the dow and s p jumping back into positive territory for june and on track for the third month in a row of gains now. Lets head to dom for more on these markets. We need a few more hundred points to get back what we did lose on trading. Dow industrials 25,505 is right know hovering near the highs of the day the s p 500 a relative laggard thats whats driving the dow today. Check out whats happening large caps versus small cap stocks we talked
Coronavirus cases continues to rise even here at home kron fours gayle ong joins us live in galle he talked to invent Infectious Disease expert who says that these numbers that hard to understand exactly what they mean. Yeah i can among the experts weve been hearing from a lot saying that these cases and deaths are under reported and thats due to limited testing early on and asymptomatic people. Testing capacity has grown in the bay area and beyond to perhaps the reason why were seeing a rise in covid19 cases and deaths that the case counts are going in the right direction that is down thats good that theyre going up. Well maybe its because were casting but more likely theyre going up because the acres have changed in more people have gotten on wednesday. John Hopkins University reports the nations death toll surpassed 100,000 people since the first u. S. Recorded death from covid19 less than 4 months ago 100 thousands are real watermark this epidemic in the country doctor George Ruthe