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Good morning, everybody. Welcome to squawk box here on cnbc but this comes after a backdrop of a pretty big decline on friday on friday the dow was down by 700 points and this morning its up by 200 points you have the s p up by close to 20 points and the nasdaq up by 26 but we are getting to the end of the month and thats when we start to take notice of what has been happening with declines that we saw on friday push the dow and s p 500 into negative territory for the month of june. If they want to make that up they have two trading sessions left before we get to july so over the next two days the dow would have to make up 1. 5 if it wants to be positive for the month of june. S p would be up 1. 2 its up by 2. 8 . Lets take a look at what has been happening with the treasury market the treasury yield the ten year is the one that we always pay the most attention to it seems to be yielding. 645 . And i think he is going to have interesting things to say too in terms of trying to put it i ....
Laid by the royalfamily century of tradition. Wreath s are laid by the royal family and century of tradition. Wreath s are laid by the royalfamily and leaders political parties, and particularly during an Election Campaign its bound to be the object of scrutiny foot of this year the Prime Minister faced criticism on a number of grounds, for stepping out of line too early, for wearing a blue rather than a black suit, for having his coat and on, and for apparently laying his first mac upside down. His coat undone. And for laying his first mac upside down. But there was nothing compared to the criticism of bbc breakfast when they broadcast this. The conservatives have pledged new protections to protect soldiers from legal actions, against accusations of wrongdoing on the battlefield, and labour says it will increase pay for the armed forces and improve accommodation. The libe ....
Wreath was upside down. Like a lot of people, i do want the bbc to be impartial. The footage of the broadcast was obviously more helpful to mrjohnson than the footage that went out live the day before. Im certain you didnt lose it overnight, so my question is, why did you broadcast 3 year old footage without telling us and why you did it at all . Please can someone explain why mondays report of the cenotaph ceremony included footage of Boris Johnson clearly shot on a totally different occasion . There were so many discrepancies not least of which that his wreath was a completely different colour that i find it very hard to believe this was a genuine mistake. A genuine mistake is exactly what the bbc said it was. But how could it have come about . The corporations news footage is saved and stored in a digital system called jupiter, used across Television News including breakfa ....
Give all the bases covered as far as this conversation goes. Interesting to remark just how much we are seeing some conviction and markets ahead of fed day. Real strong game in the u. S. Yesterday up around 1 . Stronger here in europe, should say by around 3 . Some of those asian stocks went up as well. The big markets up there around 2 . Australia had its best day sent august. Manus if we look at the dollar, these things the markets have been carry themselves i think. 70 is where we are at the moment attempt of the probability of a hike this evening for the Federal Reserve. My question is what is next for the dollar. Rising for the fifth day, it is above its fiveyear average. Aw lessons from the past. What up in last time the fed hiked the dollar . In five of the following six months in 2004 before rallied back in 1999. Where were you in 1999 . A rate increase, followed by a 3 drop. Oil prices rallied strongly back in 2004. Not ....